Should They Be On Your Product Shelf? - Robert Ironside

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Eligible Investors• An eligible investor includes a person whose:– Net assets, alone or with a spouse, exceeds$400,000– Net income, before tax, exceeds $75,000 in each ofthe two previous calendar years and expects thesame this calendar year.– Net income, before tax, alone or with a spouse,exceeded $125,000 in each of the two previouscalendar years & expects the same this year.– Obtained advice regarding the suitability of theinvestment from an eligibility advisor32© 2011 Knowledge Bureau, Inc.
Dealer Registration Exemptions• Prior to NI 31-103 (RegistrationRequirements and Exemptions), there wasusually a dealer exemption for eachprospectus exemption.– Did not have to be registered as a dealer to sellexempt market securities• NI 31-103 changes include:– Business trigger for registration– Harmonization of all registration requirements &categories– Creation of new firm & individual categories33© 2011 Knowledge Bureau, Inc.
Page 2 and 3: The Exempt MarketRobert Ironside AB
Page 4 and 5: Funds Raised in the ExemptMarket: 2
Page 6 and 7: Reporting IssuersSource: B.C. Secur
Page 8 and 9: Location of Investors: 2010Source:
Page 10 and 11: Meet Ted• Ted is an entrepreneur
Page 12 and 13: Stage Two - Love Money• Once Ted
Page 14 and 15: Stage Four - Raising Money From the
Page 16 and 17: I.P.O.: BC Securities Act• 61 (1)
Page 18 and 19: The Exempt Market• An Exempt Mark
Page 23: Accredited Investors• An accredit
Page 26 and 27: Accredited Investors:Governments•
Page 28 and 29: Eligibility Advisor• An eligibili
Page 30 and 31: Offering Memorandum Exemption• No
Page 34 and 35: National Instrument 31-103• Deale
Page 36 and 37: National Instrument 31-103:Dealer R
Page 38 and 39: Importance of the Exempt Market•
Page 40: • As Canada’s leading financial

Should They Be On Your Product Shelf? - Robert Ironside

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