New measure from Alberta, Saskatchewan securities regulators meant to increase investment potential for startups
The securities regulators in Alberta and Saskatchewan recently adopted a new measure designed to provide greater access to capital for businesses and broaden investment opportunities for investors in the region.
“This new exemption should expand the pool of potential investors in early stage businesses.”
The Alberta Securities Commission (ASC) and the Financial and Consumer Affairs Authority of Saskatchewan (FCAA) have adopted a new prospectus exemption that allows investors who self-certify to having certain financial and investment knowledge to invest alongside accredited investors.
“This new financing tool will allow investors who have financial or investment education, such that they can appreciate the risks of investing, to invest alongside accredited investors,” said Stan Magidson, chair and CEO of the ASC.