Capital Market Reforms: Incremental Approach

Democratizing capital-raising in Canada

Proposals to reform the regulations governing capital-raising in Canada are put forward continuously by securities commissions. PDAC monitors those proposals, assesses which will be most likely to help achieve the three PDAC goals articulated by our membership in 2013 and then makes a formal submission advocating for reforms.

In recent years, PDAC has advocated for the adoption, by securities regulators across Canada, of a range of additional prospectus exemptions by more jurisdictions (Offering Memorandum, Friends, Families and close Business Associates, Existing Shareholders, Equity Crowdfunding). PDAC is now working with securities commissions to assess the impact of these exemptions.