Securities Law Bulletin - Alberta’s New Exemptions for Startup Businesses

In a welcome development for Alberta-based startups and small businesses, the Alberta Securities Commission has adopted new rule – Prospectus Exemption for Start-up Businesses (ASC Rule 45-517, adopted July 19, 2016). The rule is designed to streamline small, local investment rounds for startups and high-growth companies, while still providing appropriate investor protection.