On January 5, 2026, the CFFiM submitted recommendations on the proposed Self-Certified Investor Prospectus Exemption (MI 45-111)—a move that could reshape how Canadians invest in private companies.

The Self-Certified Investor Exemption recognizes that education and work experience can equip investors to understand investment risks—opening the door to broader participation in private markets.

CFFiM’s key recommendations build on international models while tailoring exemptions to the realities of Canada’s capital markets.

For all inquiries please contact CFFiM Public Affairs.