Last week, securities regulators in five provinces (British Columbia, Alberta, Manitoba, New Brunswick and Saskatchewan) adopted a new exemption to provide retail investors with greater access to the exempt market.

In a recent post, BLG notes the exemption also increases the options available to issuers to raise capital from the public while still protecting investors. But, it adds, “The adoption of this exemption in only the western provinces continues a recent trend of fractured private market exemptions being implemented.” Read more.