Securities Law

41-101CP - General Prospectus Requirements [CP Amendment Proposed - Lapsed]

Published Date: 2011-11-25
Rescinded Date: 2013-01-10
Document(s):

Concurrently Published:

Appendix E

Proposed Change to
Companion Policy 41-101CP to
National Instrument 41-101 General Prospectus Requirements

1.  A proposed change to Companion Policy 41-101CP to National Instrument 41-101 General Prospectus Requirements is set out below. 

2.  The following section is added after section 4.1:

Plan summary for a scholarship plan

4.1.1   To help write the plan summary for a scholarship plan in plain language, scholarship plan providers may use the Flesch-Kincaid methodology to assess the readability of a plan summary.  The Flesch-Kincaid grade level scale is a methodology that rates the readability of a text to a corresponding grade level and can be determined by the use of Flesch-Kincaid tests built into commonly used word processing programs.  The CSA will generally consider a grade level of 6.0 or less on the Flesch-Kincaid grade level scale to indicate that a plan summary is written in plain language.  For French-language documents, scholarship plan providers may wish to consider using other appropriate readability tools.

3. This change becomes effective on ●.