Welcome to the Spring 2012 edition of Exempt Market
Update - published by the Exempt Market Dealers Association
of Canada (EMDA).
In our inaugural edition, we brought you updates on regulatory
change, compliance practices, and leading insights into deal
structures, financial reporting, legal, accounting and other issues.
We are energized by the extremely positive feedback on the
inaugural Exempt Market Update magazine. You have told us that
you wanted a source for critical analysis, experienced advice and
leading edge policy and advocacy – and we have delivered.
Our goal is to help your business succeed and help you
understand what’s happening across Canada’s exempt market.
Products and sales are critical to everyone’s success in the
marketplace, and the EMDA actively supports venues for that
interaction, but we also need reliable, expert advice on everything
else that matters. This is why the EMDA is has launched the Exempt
Market Update magazine and it remains our mission to expand and
grow this magazine into the leading information source in Canada’s
In this edition, we update you on critical issues in the exempt
market, analyze where regulators are going and what we think of
their plans, and we take a moment to review how the EMDA has
been quietly and very successfully, pushing the agenda for EMDs
and the exempt market. In the public policy arena, it is tempting and
easy to resort to ‘sound and fury’, but volume is no substitute for
influence. Having the passion and experience to give serious study
to our policy issues and then having the talented team to shape and
advocate for change is what the EMDA is all about. We believe that
dealers, issuers, professional advisers, and yes even regulators, are
all partners in this important area of the capital markets – and our
collective success will depend on how well our partnership works.
Success as a new national association is about our ability to listen
and understand, and our capacity to build, lead and influence change.
The EMDA has been making great strides this year on all of those
fronts – and the EMDA’s leadership and influence are now emerging
The EMDA is here to push the agenda, explore the key things you
need to know, and to bring together the policy, people and passion
needed to grow and develop our exempt market from coast to coast.
The EMDA and the Exempt Market Update magazine are not here to
merely comment on the exempt market – we are here to build and
shape it for the future.
Our strength as a national industry association depends on
all of us. As dealers, issuers or professional advisers in the exempt
market, your membership in the EMDA makes a difference and
helps build a stronger association to serve all of our interests.
Your support and participation is critical to shaping our policy
agenda and giving it the support to succeed. So if you haven’t
already, join with us and get involved in your EMDA!
If you aren’t familiar with the many benefits of membership
in the EMDA, please take a moment to visit our website at www.
emdacanada.com, email us at firstname.lastname@example.org or give us a
call (toll free across Canada) at 1.877.363.3632.
For more information contact:
An Exciting Time in Canada’s Exempt Market
Exempt Market Update
Exempt Market Dealers Association of Canada
FROM THE EDITOR