Articles

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

Jul 21, 2026

Marketing Private Placements: NI 45-106 Advertising Rules

Learn when and how private placements may be advertised in Ontario under NI 45-106. This article explains the interaction between prospectus exemptions and dealer registration requirements under NI 31-103, including practical guidance on marketing, accredited investors, exempt market dealers, referral arrangements, and compliance risks for issuers.

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