Ontario’s new exempt market rules has supporters and detractors – FINANCIAL NEWS-ecozik.com
Home / Financial News / Ontario’s new exempt market rules has supporters and detractors

Ontario’s new exempt market rules has supporters and detractors

Under new exempt market rules that went into effect in Ontario this week, investors are allowed to participate in private capital investment opportunities previously only available for high net worth investors.

Don’t count Jerome Hass, a portfolio manager at Toronto-based Lightwater Partners Ltd., among the supporters of the new exempt market rules that entered effect in Ontario this week.

One of the key changes is an offering memorandum (OM) exemption that will allow investors to sign up in private capital investment opportunities previously only accessible for top net worth investors.

The new rules C  they include exemptions for capital raisings through crowdfunding and through friends, family and business associates C will even harmonize the guidelines across the nation.

Hass will follow the decision to open up the exempt market with the offering memorandum exemption, which because of the low income thresholds will allow more investors to sign up. But he doesn’t like the second part of that call, namely the exclusion of investment funds from the new rules.

Related

About admin

Leave a Reply

Your email address will not be published. Required fields are marked *

*