Document background
The Financial Solicitation Letter is a crucial document in the Canadian investment landscape, used when an organization wishes to approach potential investors about specific investment opportunities. This document type must comply with strict regulatory requirements set forth by provincial Securities Commissions, the Investment Industry Regulatory Organization of Canada (IIROC), and federal legislation. The letter typically includes detailed information about the investment opportunity, risk factors, regulatory disclaimers, and contact information. Financial Solicitation Letters are particularly important in private placements, exempt market dealings, and other investment scenarios where specific disclosure requirements must be met. The document must be carefully crafted to ensure compliance with National Instrument 45-106, CASL, and other relevant regulations while effectively communicating the investment proposition.
