The Securities Commission has granted an exemption from the prospectus requirement to allow investment dealers acting as underwriters or selling group members to use standard term sheets, marketing materials, and conduct road shows in connection with future offerings under a Multijurisdictional Disclosure System (MJDS) base shelf prospectus. This exemption is provided under paragraph 74(1)2 of the Securities Act (Ontario) and is based on the condition that these activities comply with the approval, content, use, and other conditions and requirements of Part 9A of National Instrument 44-102 Shelf Distributions, as applicable. The decision was made because National Instrument 71-101 The Multijurisdictional Disclosure System does not contain provisions equivalent to Part 9A of NI 44-102. The granted exemption is contingent upon the adherence to the same conditions that would apply if the MJDS shelf prospectus were a final base shelf prospectus under NI 44-102.
