Short Form Prospectus Distribution System

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A standard system Canadian regulators use to distribute a changes to the prospectus for each issue of a security. Firms may use the SFPDS if they continuously distribute information to their investors and therefore do not want to go through the trouble of issuing a completely new prospectus for every new issue and every change to old issues. The SFPDS requires less information than the full prospectus otherwise would. It is governed by the Securities Act and applicable provincial laws.

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