11-102CP - Passport System [CP Proposed - Lapsed]

Concurrently Published:

• BCN 2007/12 - Request for Comment on Proposed National Instrument 11-102 Passport System;Form 11-102F1 Notice of Principal Regulator and Registration in Additional Jurisdiction(s);Companion Policy 11-102CP Passport System and related amendments and repeals [BCN - Lapsed]

Table of Contents

PART 1 GENERAL 1
1.1 Definitions 1
1.2 Purpose 1
1.3 Language of documents - Québec 4

PART 2 CONTINUOUS DISCLOSURE 4
2.1 Exemption from non-harmonized continuous disclosure requirements 4

PART 3 PROSPECTUS 4
3.1 Principal regulator for prospectus 4
3.2 Discretionary change in principal regulator for prospectus 5
3.3 Deemed issuance of receipt 6
3.4 Exemption from non-harmonized prospectus requirement 7

PART 4 REGISTRATION 8
4.1  Principal regulator for registration 8
4.2  Registration 9
4.3 Terms and conditions of registration 11
4.4 Suspension, cancellation, termination, revocation and surrender 11
4.5  Application to surrender registration 11
4.6 Transition to passport for registered firms 12
4.7 Notice of change of principal regulator for registration 13
4.8 Discretionary change of principal regulator for registration 14
4.9 Exemption from non-harmonized registration requirements 15

PART 5 DISCRETIONARY EXEMPTIONS 15
5.1 Principal regulator for general discretionary exemption applications 15
5.2 Principal regulator for discretionary exemption applications made with an application for registration 17
5.3 Discretionary change of principal regulator for discretionary exemption applications 17
5.4 National application of discretionary exemptions 18
5.5 Exception from section 5.4(1)(c) notice requirement 20

Appendix A 22
Passport system process for prospectus review 22

Appendix B 30
Passport system policy for registration 30

Appendix C 33
Local registration requirements 33

Appendix D 35
Passport system process for discretionary exemption applications 35

Appendix E 42
Continuous disclosure requirements under MI 11-101 42