Evaluate the following statement:
A short-form prospectus is required for a seasoned offering.

Question

Quizplus · Accepted Answer

This statement is true. A short-form prospectus is required for seasoned offerings, which are offerings of securities made by an issuer that has been a reporting issuer in Canada for at least 12 months and has filed all required continuous disclosure documents during that period. The short-form prospectus contains abbreviated information about the securities being offered and the issuer, and is filed with the securities regulatory authorities in the provinces where the securities are being offered.

Evaluate the Following Statement