Ontario Securities Commission

Amendments To National Instrument 45-106 Prospectus Exemptions And Consequential Amendments

Amendments to National Instrument 45-106 Prospectus Exemptions (the NI 45-106 amendments) and consequential amendments to OSC Rule 11-501 Electronic Delivery of Documents to the Ontario Securities Commission, OSC Rule 13-502 Fees and OSC Rule 45-501 Ontario Prospectus and Registration Exemptions (the consequential amendments, and together with the NI 45-106 amendments, the amendments), will comeinto force under the Securities Act on June 30, 2016.

NI 45-106 consolidates and harmonizes most requirements and exemptions related to exempt distributions.

The NI 45-106 amendments introduce a new harmonized report of exempt distribution.

The full text of the amendments is available in the Ontario Securities Commission Bulletin at (2016), 39 OSCB 3286 and on the Commission’s website at http://www.OSC.gov.on.ca.

(149-G348)