Articles

Practical commentary on securities law, exempt market compliance, fund formation, investor reporting, and private capital markets.

Jul 12, 2026

The Ontario Private Issuer Exemption Under NI 45-106

Learn how Ontario’s private issuer exemption under NI 45-106 works, who may rely on it, the exclusion for investment funds, the requirements for permitted purchasers, and the circumstances in which an issuer may lose private issuer status. This guide outlines key compliance considerations for private financings.

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