Securities Law

45-106 - Prospectus and Registration Exemptions [NI Advance Notice - Lapsed]

Published Date: 2005-07-08
Document(s):

Concurrently Published:

Table of Contents

PART 1: DEFINITIONS AND INTERPRETATION
1.1       Definitions
1.2       Affiliate
1.3       Control
1.4       Registration requirement
1.5       Definition of distribution - Manitoba and Yukon
1.6       Definition of trade - Québec 

PART 2: PROSPECTUS AND REGISTRATION EXEMPTIONS

Division 1: Capital Raising Exemptions
2.1       Rights offering
2.2       Reinvestment plan
2.3       Accredited investor
2.4       Private issuer
2.5       Family, friends and business associates
2.6       Family, friends and business associates - Saskatchewan
2.7       Founder, control person and family - Ontario
2.8       Affiliates
2.9       Offering memorandum
2.10     Minimum amount investment 

Division 2: Transaction Exemptions
2.11     Business combination and reorganization
2.12     Asset acquisition
2.13     Petroleum, natural gas and mining properties
2.14     Securities for debt
2.15     Issuer acquisition or redemption
2.16     Take-over bid and issuer bid
2.17     Offer to acquire to security holder outside local jurisdiction 

Division 3: Investment Fund Exemptions
2.18     Investment fund reinvestment
2.19     Additional investment in investment funds
2.20     Private investment club
2.21     Private investment fund - loan and trust pools 

Division 4: Employee, Executive Officer, Director and Consultant Exemptions
2.22     Definitions
2.23     Interpretation
2.24     Employee, executive officer, director and consultant
2.25     Unlisted reporting issuer exception
2.26     Trades among current or former employees, executive officers, directors, or consultants of non-reporting issuer
2.27     Permitted transferees
2.28     Resale - non-reporting issuer
2.29     Issuer bid 

Division 5: Miscellaneous Exemptions
2.30     Isolated trade by issuer
2.31     Dividends and distributions
2.32     Trade to lender by control person for collateral
2.33     Acting as underwriter
2.34     Guaranteed debt
2.35     Short-term debt
2.36     Mortgages
2.37     Personal Property Security
2.38     Not for profit issuer
2.39     Variable insurance contract
2.40     RRSP/RRIF
2.41     Schedule III banks and cooperative associations - evidence of deposit
2.42     Conversion, exchange, or exercise
2.43     Removal of exemptions - market intermediaries 

PART 3: REGISTRATION ONLY EXEMPTIONS
3.1       Registered dealer
3.2       Exchange contract
3.3       Isolated trade
3.4       Estates, bankruptcies, and liquidations
3.5       Employees of registered dealer
3.6       Small security holder selling and purchase arrangements
3.7       Adviser
3.8       Investment dealer acting as portfolio manager
3.9       Removal of exemptions - market intermediaries 

PART 4: CONTROL BLOCK DISTRIBUTIONS
4.1       Control block distributions
4.2       Trades by a control person after a take-over bid 

PART 5: OFFERINGS BY TSX VENTURE EXCHANGE OFFERING DOCUMENT
5.1       Application and interpretation
5.2       TSX Venture Exchange offering
5.3       Underwriter obligations 

PART 6: REPORTING REQUIREMENTS
6.1       Report of exempt distribution
6.2       When report not required
6.3       Required form of report of exempt distribution
6.4       Required form of offering memorandum
6.5       Required form of risk acknowledgement
6.6       Required forms in British Columbia 

Appendix A - Variable Insurance Contract Exemption
Appendix B - Control Block Distribution