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Angel Investor Groups

Angel investors play an important role in funding and providing mentorship to early-stage businesses in Ontario.  Angel investor groups bring together angel investors interested in supporting Ontario early-stage businesses seeking capital to grow and scale their operations. 

The Angel Investor Groups Registration Exemption, set out in Ontario Instrument 32-508 Not-For-Profit Angel Investor Group Registration Exemption (Interim Class Order), allows not-for-profit, Ontario based angel investor groups to engage in the following activities without being registered: 







Members of an angel investor group may be Accredited Investors or, self-certified investors, individuals who have completed courses that demonstrate financial knowledge, or who have relevant industry experience. For more information on the criteria to be a “Self-Certified Investor”, please see under Ontario Instrument 45-507 Self-Certified Investor Prospectus Exemption.

Prior to relying on the Angel Investor Groups Registration Exemption, an eligible angel investor group must notify the OSC by submitting Form 32-508 Angel Investor Group Information Form with Part A and Part C completed.
By January 31 of each year, an angel investor group relying on the exemption must submit a completed Form 32-508 Angel Investor Group Information Form along with financial information relating to the financial position of the angel investor group. 

Form 32-508 Angel Investor Group Information Form

This form is available on the Ontario Securities Commission website, and is to be completed and submitted online.

Resources

“Frequently Asked Questions” about the Angel Investor Group Registration Exemption provide additional information about the order.

RESOURCES:

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The resources were prepared by staff and do not necessarily reflect the views of the Ontario Securities Commission. The information provided is for general information purposes only and does not constitute legal or other advice. Responsibility for complying with applicable securities laws remains with you and the business.