{"id":3090,"date":"2023-11-29T19:16:37","date_gmt":"2023-11-29T19:16:37","guid":{"rendered":"https:\/\/cfacanada.org\/csa-notice-and-request-for-comment-proposed-amendments-to-national-instrument-44-102-shelf-distributions-relating-to-well-known-seasoned-issuers\/"},"modified":"2025-07-24T09:28:10","modified_gmt":"2025-07-24T13:28:10","slug":"csa-notice-and-request-for-comment-proposed-amendments-to-national-instrument-44-102-shelf-distributions-relating-to-well-known-seasoned-issuers","status":"publish","type":"post","link":"https:\/\/cfacanada.org\/fr\/csa-notice-and-request-for-comment-proposed-amendments-to-national-instrument-44-102-shelf-distributions-relating-to-well-known-seasoned-issuers\/","title":{"rendered":"CSA &#8211; Notice and Request for Comment \u2013 Proposed Amendments to National Instrument 44-102 Shelf Distributions Relating to Well-known Seasoned Issuers"},"content":{"rendered":"    <div class=\"hero hero--without-image hero-banner-block alignfull\">\n        <div class=\"hero__wrapper container\">\n            <div class=\"row justify-content-between align-items-center g-0\">\n                <div class=\"d-flex col-12\">\n                    <div class=\"hero__content\">\n                        <h1 class=\"hero__title\">CSA &#8211; Notice and Request for Comment \u2013 Proposed Amendments to National Instrument 44-102 Shelf Distributions Relating to Well-known Seasoned Issuers<\/h1>\n                                                                                            <\/div>\n                <\/div>\n                            <\/div>\n        <\/div>\n    <\/div>\n\n\n\n\n\n<h2 class=\"wp-block-heading\">T\u00e9l\u00e9charger le PDF :<\/h2>\n\n\n\n<p><a href=\"http:\/\/cfacanada.org\/wp-content\/uploads\/2023\/11\/CSA-Amendments-to-NI-44-102-WKSI.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Notice and Request for Comment \u2013 Proposed Amendments to National Instrument 44-102 Shelf Distributions Relating to Well-known Seasoned Issuers<\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<div style=\"height:32px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">R\u00e9sum\u00e9 de la lettre :<\/h2>\n\n\n\n<p>Les Autorit\u00e9s canadiennes en valeurs mobili\u00e8res (ACVM) sollicitent l&rsquo;avis du public sur un projet de r\u00e9gime acc\u00e9l\u00e9r\u00e9 de prospectus pr\u00e9alable pour les \u00e9metteurs chevronn\u00e9s bien connus (EEBC) au Canada. Les modifications propos\u00e9es visent \u00e0 favoriser la mobilisation de capitaux par les EEBC sur les march\u00e9s publics canadiens<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Aper\u00e7u des commentaires du Conseil:<\/h2>\n\n\n\n<p>Le CAC a soumis ses observations en r\u00e9ponse \u00e0 l\u2019Avis et demande de commentaires des ACVM concernant les modifications propos\u00e9es au R\u00e8glement 44-102 sur le placement de titres sous le r\u00e9gime de prospectus pr\u00e9alable, visant \u00e0 introduire un r\u00e9gime pour les <em>\u00e9metteurs bien connus et bien \u00e9tablis<\/em> (EBE).<\/p>\n\n\n\n<p>Le CAC appuie largement la proposition, estimant qu\u2019un tel r\u00e9gime r\u00e9duirait les co\u00fbts de mobilisation de capitaux pour les grands \u00e9metteurs admissibles, sans accro\u00eetre les risques pour les investisseurs ni compromettre l\u2019int\u00e9grit\u00e9 des march\u00e9s.<\/p>\n\n\n\n<p>Parmi les recommandations cl\u00e9s :<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Soutien \u00e0 la p\u00e9riode d\u2019admissibilit\u00e9 de trois ans<\/strong> : Le CAC juge ce d\u00e9lai plus appropri\u00e9 pour \u00e9tablir un historique de divulgation continue suffisant, comparativement \u00e0 la p\u00e9riode de 12 mois actuellement propos\u00e9e.<\/li>\n\n\n\n<li><strong>All\u00e9gement r\u00e9glementaire<\/strong> : \u00c9tant donn\u00e9 que les prospectus de base d\u00e9pos\u00e9s par des \u00e9metteurs potentiellement admissibles au r\u00e9gime EBE pr\u00e9sentent rarement des lacunes substantielles, un processus all\u00e9g\u00e9 est justifi\u00e9.<\/li>\n\n\n\n<li><strong>Encouragement \u00e0 une mise en \u0153uvre progressive<\/strong> : Le CAC consid\u00e8re qu\u2019un r\u00e9gime \u00e0 faible risque permet une observation efficace et des ajustements r\u00e9glementaires \u00e9ventuels.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>T\u00e9l\u00e9charger le PDF : Notice and Request for Comment \u2013 Proposed Amendments to National Instrument 44-102 Shelf Distributions Relating to Well-known Seasoned Issuers R\u00e9sum\u00e9 de la lettre : Les Autorit\u00e9s canadiennes en valeurs mobili\u00e8res (ACVM) sollicitent l&rsquo;avis du public sur un projet de r\u00e9gime acc\u00e9l\u00e9r\u00e9 de prospectus pr\u00e9alable pour les \u00e9metteurs chevronn\u00e9s bien connus (EEBC) [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[109],"tags":[],"class_list":["post-3090","post","type-post","status-publish","format-standard","hentry","category-csa-fr"],"acf":[],"featured_image_src":null,"author_info":{"display_name":"clloyd@cfacanada.org","author_link":"https:\/\/cfacanada.org\/fr\/author\/clloydcfacanada-org\/"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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