Exempt Market
Report).
What is the Exempt Market?
Generally, securities offered to the public in Ontario must be
offered under a prospectus , which provides details of
the issuer and securities being offered and is filed with the
relevant securities commissions. However, there are some exceptions
to this rule that allow securities to be offered without a
prospectus, called prospectus exemptions . These
prospectus exemptions can help an issuer raise money from investors
without the time and expense of preparing and filing a
prospectus.
The exempt market refers to the segment of
Canada s capital markets where securities can be sold without a