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V-1.1 - Securities Act

Section 44
Disposition versions

Full text
44. (Repealed).
1982, c. 48, s. 44; 1987, c. 95, s. 402; 1988, c. 64, s. 587; 1988, c. 84, s. 700; 1989, c. 38, s. 319; 1990, c. 85, s. 121; 1996, c. 2, s. 989; 1999, c. 40, s. 327; 2000, c. 56, s. 218; 2000, c. 29, s. 675; 2002, c. 45, s. 624; 2002, c. 75, s. 33; 2002, c. 45, s. 624; 2004, c. 37, s. 90; 2004, c. 37, s. 8.
44. Each of the following persons is a sophisticated purchaser to the extent that he subscribes for or purchases securities for his own account:
(1)  a company all of the voting securities of which belong to the Gouvernement du Québec or its departments or agencies that are mandataries of the State, to the Government of Canada or the government of a Canadian province, or to one of their departments or agencies;
(2)  a bank or an authorized foreign bank listed in Schedule I, II or III to the Bank Act (Statutes of Canada, 1991, chapter 46);
(3)  a savings company holding a licence under the Act respecting trust companies and savings companies (chapter S‐29.01) and a loan and investment society registered in accordance with the Loan and Investment Societies Act (chapter S‐30);
(4)  a financial services cooperative within the meaning of the Act respecting financial services cooperatives (chapter C‐67.3);
(5)  the Caisse centrale Desjardins du Québec established under the Act respecting the Mouvement des caisses Desjardins (1989, chapter 113);
(6)  a trust company licensed under the Act respecting trust companies and savings companies;
(7)  an insurance company licensed under the Act respecting insurance (chapter A‐32);
(8)  a municipality, a metropolitan community, a school board, the Comité de gestion de la taxe scolaire de l’île de Montréal, an intermunicipal management board or a public agency or body established pursuant to an Act of the Government of Canada or of the government of a Canadian province;
(9)  a dealer or an adviser registered in conformity with section 148;
(10)  a pension fund with assets of over $100 000 000 and governed by the Supplemental Pension Plans Act (chapter R‐15.1) or the Pension Benefits Standards Act, 1985 (Revised Statutes of Canada, 1985, chapter 32, 2nd Supplement);
(11)  the subsidiary of a person mentioned in paragraph 2, 6 or 7, to the extent that such person holds all the voting securities;
(12)  a person designated in an order of the Authority on such conditions as it may determine.
1982, c. 48, s. 44; 1987, c. 95, s. 402; 1988, c. 64, s. 587; 1988, c. 84, s. 700; 1989, c. 38, s. 319; 1990, c. 85, s. 121; 1996, c. 2, s. 989; 1999, c. 40, s. 327; 2000, c. 56, s. 218; 2000, c. 29, s. 675; 2002, c. 45, s. 624; 2002, c. 75, s. 33; 2002, c. 45, s. 624; 2004, c. 37, s. 90.
44. Each of the following persons is a sophisticated purchaser to the extent that he subscribes for or purchases securities for his own account:
(1)  a company all of the voting securities of which belong to the Gouvernement du Québec or its departments or agencies that are mandataries of the State, to the Government of Canada or the government of a Canadian province, or to one of their departments or agencies;
(2)  a bank or an authorized foreign bank listed in Schedule I, II or III to the Bank Act (Statutes of Canada, 1991, chapter 46);
(3)  a savings company holding a licence under the Act respecting trust companies and savings companies (chapter S‐29.01) and a loan and investment society registered in accordance with the Loan and Investment Societies Act (chapter S‐30);
(4)  a financial services cooperative within the meaning of the Act respecting financial services cooperatives (chapter C‐67.3);
(5)  the Caisse centrale Desjardins du Québec established under the Act respecting the Mouvement des caisses Desjardins (1989, chapter 113);
(6)  a trust company licensed under the Act respecting trust companies and savings companies;
(7)  an insurance company licensed under the Act respecting insurance (chapter A‐32);
(8)  a municipality, a metropolitan community, a school board, the Comité de gestion de la taxe scolaire de l’île de Montréal, an intermunicipal management board or a public agency or body established pursuant to an Act of the Government of Canada or of the government of a Canadian province;
(9)  a dealer or an adviser registered in conformity with section 148;
(10)  a pension fund with assets of over $100 000 000 and governed by the Supplemental Pension Plans Act (chapter R‐15.1) or the Pension Benefits Standards Act, 1985 (Revised Statutes of Canada, 1985, chapter 32, 2nd Supplement);
(11)  the subsidiary of a person mentioned in paragraph 2, 6 or 7, to the extent that such person holds all the voting securities;
(12)  a person designated in an order of the Agency on such conditions as it may determine.
1982, c. 48, s. 44; 1987, c. 95, s. 402; 1988, c. 64, s. 587; 1988, c. 84, s. 700; 1989, c. 38, s. 319; 1990, c. 85, s. 121; 1996, c. 2, s. 989; 1999, c. 40, s. 327; 2000, c. 56, s. 218; 2000, c. 29, s. 675; 2002, c. 45, s. 624; 2002, c. 75, s. 33; 2002, c. 45, s. 624.
44. Each of the following persons is a sophisticated purchaser to the extent that he subscribes for or purchases securities for his own account:
(1)  a company all of the voting securities of which belong to the Gouvernement du Québec or its departments or agencies that are mandataries of the State, to the Government of Canada or the government of a Canadian province, or to one of their departments or agencies;
(2)  a bank or an authorized foreign bank listed in Schedule I, II or III to the Bank Act (Statutes of Canada, 1991, chapter 46);
(3)  a savings company holding a licence under the Act respecting trust companies and savings companies (chapter S‐29.01) and a loan and investment society registered in accordance with the Loan and Investment Societies Act (chapter S‐30);
(4)  a financial services cooperative within the meaning of the Act respecting financial services cooperatives (chapter C‐67.3);
(5)  the Caisse centrale Desjardins du Québec established under the Act respecting the Mouvement des caisses Desjardins (1989, chapter 113);
(6)  a trust company licensed under the Act respecting trust companies and savings companies;
(7)  an insurance company licensed under the Act respecting insurance (chapter A‐32);
(8)  a municipality, a metropolitan community, a school board, the Comité de gestion de la taxe scolaire de l’île de Montréal, an intermunicipal management board or a public agency or body established pursuant to an Act of the Government of Canada or of the government of a Canadian province;
(9)  a dealer or an adviser registered in conformity with section 148;
(10)  a pension fund with assets of over $100 000 000 and governed by the Supplemental Pension Plans Act (chapter R‐15.1) or the Pension Benefits Standards Act, 1985 (Revised Statutes of Canada, 1985, chapter 32, 2nd Supplement);
(11)  the subsidiary of a person mentioned in paragraph 2, 6 or 7, to the extent that such person holds all the voting securities;
(12)  a person designated in an order of the Commission on such conditions as it may determine.
1982, c. 48, s. 44; 1987, c. 95, s. 402; 1988, c. 64, s. 587; 1988, c. 84, s. 700; 1989, c. 38, s. 319; 1990, c. 85, s. 121; 1996, c. 2, s. 989; 1999, c. 40, s. 327; 2000, c. 56, s. 218; 2000, c. 29, s. 675; 2002, c. 45, s. 624; 2002, c. 75, s. 33.
44. Each of the following persons is a sophisticated purchaser to the extent that he subscribes for or purchases securities for his own account:
(1)  a company all of the voting securities of which belong to the Gouvernement du Québec or its departments or agencies that are mandataries of the State, to the Government of Canada or the government of a Canadian province, or to one of their departments or agencies;
(2)  a bank or an authorized foreign bank listed in Schedule I, II or III to the Bank Act (Statutes of Canada, 1991, chapter 46);
(3)  a savings company holding a licence under the Act respecting trust companies and savings companies (chapter S‐29.01) and a loan and investment society registered in accordance with the Loan and Investment Societies Act (chapter S‐30);
(4)  a financial services cooperative within the meaning of the Act respecting financial services cooperatives (chapter C‐67.3);
(5)  the Caisse centrale Desjardins du Québec established under the Act respecting the Mouvement des caisses Desjardins (1989, chapter 113);
(6)  a trust company licensed under the Act respecting trust companies and savings companies;
(7)  an insurance company licensed under the Act respecting insurance (chapter A‐32);
(8)  a municipality, a metropolitan community, a school board, the Conseil scolaire de l’île de Montréal, an intermunicipal management board or a public agency or body established pursuant to an Act of the Government of Canada or of the government of a Canadian province;
(9)  a dealer or an adviser registered in conformity with section 148;
(10)  a pension fund with assets of over $100 000 000 and governed by the Supplemental Pension Plans Act (chapter R‐15.1) or the Pension Benefits Standards Act, 1985 (Revised Statutes of Canada, 1985, chapter 32, 2nd Supplement);
(11)  the subsidiary of a person mentioned in paragraph 2, 6 or 7, to the extent that such person holds all the voting securities;
(12)  a person designated in an order of the Commission on such conditions as it may determine.
1982, c. 48, s. 44; 1987, c. 95, s. 402; 1988, c. 64, s. 587; 1988, c. 84, s. 700; 1989, c. 38, s. 319; 1990, c. 85, s. 121; 1996, c. 2, s. 989; 1999, c. 40, s. 327; 2000, c. 56, s. 218; 2000, c. 29, s. 675; 2002, c. 45, s. 624.
44. Each of the following persons is a sophisticated purchaser to the extent that he subscribes for or purchases securities for his own account:
(1)  a company all of the voting securities of which belong to the Gouvernement du Québec or its departments or agencies that are mandataries of the State, to the Government of Canada or the government of a Canadian province, or to one of their departments or agencies;
(2)  a bank governed by the Bank Act (Revised Statutes of Canada, 1985, chapter B-1) or by the Quebec Savings Banks Act (Revised Statutes of Canada, 1970, chapter B-4);
(3)  a savings company holding a licence under the Act respecting trust companies and savings companies (chapter S-29.01) and a loan and investment society registered in accordance with the Loan and Investment Societies Act (chapter S-30);
(4)  a federation within the meaning of the Act respecting financial services cooperatives (chapter C-67.3);
(5)  the Caisse centrale Desjardins du Québec established under the Act respecting the Mouvement des caisses Desjardins (1989, chapter 113);
(6)  a trust company licensed under the Act respecting trust companies and savings companies;
(7)  an insurance company licensed under the Act respecting insurance (chapter A-32);
(8)  a municipality, a metropolitan community, a school board, the Conseil scolaire de l’île de Montréal, an intermunicipal management board or a public agency or body established pursuant to an Act of the Government of Canada or of the government of a Canadian province;
(9)  a dealer or an adviser registered in conformity with section 148;
(10)  a pension fund with assets of over $100 000 000 and governed by the Supplemental Pension Plans Act (chapter R-15.1) or the Pension Benefits Standards Act, 1985 (Revised Statutes of Canada, 1985, chapter 32, 2nd Supplement);
(11)  the subsidiary of a person mentioned in paragraph 2, 6 or 7, to the extent that such person holds all the voting securities;
(12)  a person designated in an order of the Commission on such conditions as it may determine.
1982, c. 48, s. 44; 1987, c. 95, s. 402; 1988, c. 64, s. 587; 1988, c. 84, s. 700; 1989, c. 38, s. 319; 1990, c. 85, s. 121; 1996, c. 2, s. 989; 1999, c. 40, s. 327; 2000, c. 56, s. 218; 2000, c. 29, s. 675.
44. Each of the following persons is a sophisticated purchaser to the extent that he subscribes for or purchases securities for his own account:
(1)  a company all of the voting securities of which belong to the Gouvernement du Québec or its departments or agencies that are mandataries of the State, to the Government of Canada or the government of a Canadian province, or to one of their departments or agencies;
(2)  a bank governed by the Bank Act (Revised Statutes of Canada, 1985, chapter B-1) or by the Quebec Savings Banks Act (Revised Statutes of Canada, 1970, chapter B-4);
(3)  a savings company holding a licence under the Act respecting trust companies and savings companies (chapter S-29.01) and a loan and investment society registered in accordance with the Loan and Investment Societies Act (chapter S-30);
(4)  a federation or a confederation of savings and credit unions within the meaning of the Savings and Credit Unions Act (chapter C-4.1);
(5)  the Caisse centrale Desjardins du Québec established under the Act respecting the Mouvement des caisses Desjardins (1989, chapter 113);
(6)  a trust company licensed under the Act respecting trust companies and savings companies;
(7)  an insurance company licensed under the Act respecting insurance (chapter A-32);
(8)  a municipality, a metropolitan community, a school board, the Conseil scolaire de l’île de Montréal, an intermunicipal management board or a public agency or body established pursuant to an Act of the Government of Canada or of the government of a Canadian province;
(9)  a dealer or an adviser registered in conformity with section 148;
(10)  a pension fund with assets of over $100 000 000 and governed by the Supplemental Pension Plans Act (chapter R-15.1) or the Pension Benefits Standards Act, 1985 (Revised Statutes of Canada, 1985, chapter 32, 2nd Supplement);
(11)  the subsidiary of a person mentioned in paragraph 2, 6 or 7, to the extent that such person holds all the voting securities;
(12)  a person designated in an order of the Commission on such conditions as it may determine.
1982, c. 48, s. 44; 1987, c. 95, s. 402; 1988, c. 64, s. 587; 1988, c. 84, s. 700; 1989, c. 38, s. 319; 1990, c. 85, s. 121; 1996, c. 2, s. 989; 1999, c. 40, s. 327; 2000, c. 56, s. 218.
44. Each of the following persons is a sophisticated purchaser to the extent that he subscribes for or purchases securities for his own account:
(1)  a company all of the voting securities of which belong to the Gouvernement du Québec or its departments or agencies that are mandataries of the State, to the Government of Canada or the government of a Canadian province, or to one of their departments or agencies;
(2)  a bank governed by the Bank Act (Revised Statutes of Canada, 1985, chapter B-1) or by the Quebec Savings Banks Act (Revised Statutes of Canada, 1970, chapter B-4);
(3)  a savings company holding a licence under the Act respecting trust companies and savings companies (chapter S-29.01) and a loan and investment society registered in accordance with the Loan and Investment Societies Act (chapter S-30);
(4)  a federation or a confederation of savings and credit unions within the meaning of the Savings and Credit Unions Act (chapter C-4.1);
(5)  the Caisse centrale Desjardins du Québec established under the Act respecting the Mouvement des caisses Desjardins (1989, chapter 113);
(6)  a trust company licensed under the Act respecting trust companies and savings companies;
(7)  an insurance company licensed under the Act respecting insurance (chapter A-32);
(8)  a municipality, an urban community, a school board, the Conseil scolaire de l’île de Montréal, an intermunicipal management board or a public agency or body established pursuant to an Act of the Government of Canada or of the government of a Canadian province;
(9)  a dealer or an adviser registered in conformity with section 148;
(10)  a pension fund with assets of over $100 000 000 and governed by the Supplemental Pension Plans Act (chapter R-15.1) or the Pension Benefits Standards Act, 1985 (Revised Statutes of Canada, 1985, chapter 32, 2nd Supplement);
(11)  the subsidiary of a person mentioned in paragraph 2, 6 or 7, to the extent that such person holds all the voting securities;
(12)  a person designated in an order of the Commission on such conditions as it may determine.
1982, c. 48, s. 44; 1987, c. 95, s. 402; 1988, c. 64, s. 587; 1988, c. 84, s. 700; 1989, c. 38, s. 319; 1990, c. 85, s. 121; 1996, c. 2, s. 989; 1999, c. 40, s. 327.
44. Each of the following persons is a sophisticated purchaser to the extent that he subscribes for or purchases securities for his own account:
(1)  a company all of the voting securities of which belong to the Gouvernement du Québec, the Government of Canada or the government of a Canadian province, or to one of their departments or agencies;
(2)  a bank governed by the Bank Act (Revised Statutes of Canada, 1985, chapter B-1) or by the Quebec Savings Banks Act (Revised Statutes of Canada, 1970, chapter B-4);
(3)  a savings company holding a licence under the Act respecting trust companies and savings companies (chapter S-29.01) and a loan and savings society registered in accordance with the Loan and Investment Societies Act (chapter S-30);
(4)  a federation or a confederation of savings and credit unions within the meaning of the Savings and Credit Unions Act (chapter C-4.1);
(5)  the Caisse centrale Desjardins du Québec established under the Act respecting the Mouvement des caisses Desjardins (1989, chapter 113);
(6)  a trust company licensed under the Act respecting trust companies and savings companies;
(7)  an insurance company licensed under the Act respecting insurance (chapter A-32);
(8)  a municipality, an urban community, a school board, the Conseil scolaire de l’île de Montréal, an intermunicipal management board or a public agency or body established pursuant to an Act of the Government of Canada or of the government of a Canadian province;
(9)  a dealer or an adviser registered in conformity with section 148;
(10)  a pension fund with assets of over $100 000 000 and governed by the Supplemental Pension Plans Act (chapter R-15.1) or the Pension Benefits Standards Act, 1985 (Revised Statutes of Canada, 1985, chapter 32, 2nd Supplement);
(11)  the subsidiary of a person mentioned in paragraph 2, 6 or 7, to the extent that such person holds all the voting securities;
(12)  a person designated in an order of the Commission on such conditions as it may determine.
1982, c. 48, s. 44; 1987, c. 95, s. 402; 1988, c. 64, s. 587; 1988, c. 84, s. 700; 1989, c. 38, s. 319; 1990, c. 85, s. 121; 1996, c. 2, s. 989.
44. Each of the following persons is a sophisticated purchaser to the extent that he subscribes for or purchases securities for his own account:
(1)  a company all of the voting securities of which belong to the Gouvernement du Québec, the Government of Canada or the government of a Canadian province, or to one of their departments or agencies;
(2)  a bank governed by the Bank Act (Revised Statutes of Canada, 1985, chapter B-1) or by the Quebec Savings Banks Act (Revised Statutes of Canada, 1970, chapter B-4);
(3)  a savings company holding a licence under the Act respecting trust companies and savings companies (chapter S-29.01) and a loan and savings society registered in accordance with the Loan and Investment Societies Act (chapter S-30);
(4)  a federation or a confederation of savings and credit unions within the meaning of the Savings and Credit Unions Act (chapter C-4.1);
(5)  the Caisse centrale Desjardins du Québec established under the Act respecting the Mouvement des caisses Desjardins (1989, chapter 113);
(6)  a trust company licensed under the Act respecting trust companies and savings companies;
(7)  an insurance company licensed under the Act respecting insurance (chapter A-32);
(8)  a municipal corporation, an urban community, a school board, the Conseil scolaire de l’île de Montréal, an intermunicipal management board or a public agency or body established pursuant to an Act of the Government of Canada or of the government of a Canadian province;
(9)  a dealer or an adviser registered in conformity with section 148;
(10)  a pension fund with assets of over $100 000 000 and governed by the Supplemental Pension Plans Act (chapter R-15.1) or the Pension Benefits Standards Act, 1985 (Revised Statutes of Canada, 1985, chapter 32, 2nd Supplement);
(11)  the subsidiary of a person mentioned in paragraph 2, 6 or 7, to the extent that such person holds all the voting securities;
(12)  a person designated in an order of the Commission on such conditions as it may determine.
1982, c. 48, s. 44; 1987, c. 95, s. 402; 1988, c. 64, s. 587; 1988, c. 84, s. 700; 1989, c. 38, s. 319; 1990, c. 85, s. 121.
44. Each of the following persons is a sophisticated purchaser to the extent that he subscribes for or purchases securities for his own account:
(1)  a company all of the voting securities of which belong to the Gouvernement du Québec, the Government of Canada or the government of a Canadian province, or to one of their departments or agencies;
(2)  a bank governed by the Bank Act (Revised Statutes of Canada, 1985, chapter B-1) or by the Quebec Savings Banks Act (Revised Statutes of Canada, 1970, chapter B-4);
(3)  a savings company holding a licence under the Act respecting trust companies and savings companies (chapter S-29.01) and a loan and savings society registered in accordance with the Loan and Investment Societies Act (chapter S-30);
(4)  a federation or a confederation of savings and credit unions within the meaning of the Savings and Credit Unions Act (chapter C-4.1);
(5)  the Caisse centrale Desjardins du Québec established under the Act respecting the Mouvement des caisses Desjardins (1989, chapter 113);
(6)  a trust company licensed under the Act respecting trust companies and savings companies;
(7)  an insurance company licensed under the Act respecting insurance (chapter A-32);
(8)  a municipal corporation, an urban community or regional community, a school board, the Conseil scolaire de l’île de Montréal, an intermunicipal management board or a public agency or body established pursuant to an Act of the Government of Canada or of the government of a Canadian province;
(9)  a dealer or an adviser registered in conformity with section 148;
(10)  a pension fund with assets of over $100 000 000 and governed by the Supplemental Pension Plans Act (chapter R-15.1) or the Pension Benefits Standards Act, 1985 (Revised Statutes of Canada, 1985, chapter 32, 2nd Supplement);
(11)  the subsidiary of a person mentioned in paragraph 2, 6 or 7, to the extent that such person holds all the voting securities;
(12)  a person designated in an order of the Commission on such conditions as it may determine.
1982, c. 48, s. 44; 1987, c. 95, s. 402; 1988, c. 64, s. 587; 1988, c. 84, s. 700; 1989, c. 38, s. 319.
44. Each of the following persons is a sophisticated purchaser to the extent that he subscribes for or purchases securities for his own account:
(1)  a company all of the voting securities of which belong to the Gouvernement du Québec, the Government of Canada or the government of a Canadian province, or to one of their departments or agencies;
(2)  a bank governed by the Bank Act (Revised Statutes of Canada, 1985, chapter B-1) or by the Quebec Savings Banks Act (Revised Statutes of Canada, 1970, chapter B-4);
(3)  a savings company holding a licence under the Act respecting trust companies and savings companies (chapter S-29.01) and a loan and savings society registered in accordance with the Loan and Investment Societies Act (chapter S-30);
(4)  a federation or a confederation of savings and credit unions within the meaning of the Savings and Credit Unions Act (chapter C-4.1);
(5)  the Caisse centrale Desjardins du Québec established under the Act respecting the Mouvement des caisses Desjardins (1989, chapter 113);
(6)  a trust company licensed under the Act respecting trust companies and savings companies;
(7)  an insurance company licensed under the Act respecting insurance (chapter A-32);
(8)  a municipal corporation, an urban community or regional community, a school board, the Conseil scolaire de l’île de Montréal, an intermunicipal management board or a public agency or body established pursuant to an Act of the Government of Canada or of the government of a Canadian province;
(9)  a dealer or an adviser registered in conformity with section 148;
(10)  a pension fund with assets of over $100 000 000 and governed by the Act respecting supplemental pension plans (chapter R-17) or the Pension Benefits Standards Act, 1985 (Revised Statutes of Canada, 1985, chapter 32, 2nd Supplement);
(11)  the subsidiary of a person mentioned in paragraph 2, 6 or 7, to the extent that such person holds all the voting securities;
(12)  a person designated in an order of the Commission on such conditions as it may determine.
1982, c. 48, s. 44; 1987, c. 95, s. 402; 1988, c. 64, s. 587; 1988, c. 84, s. 700.
44. Each of the following persons is a sophisticated purchaser to the extent that he subscribes for or purchases securities for his own account:
(1)  a company all of the voting securities of which belong to the Gouvernement du Québec, the Government of Canada or the government of a Canadian province, or to one of their departments or agencies;
(2)  a bank governed by the Bank Act (Revised Statutes of Canada, 1985, chapter B-1) or by the Quebec Savings Banks Act (Revised Statutes of Canada, 1970, chapter B-4);
(3)  a savings company holding a licence under the Act respecting trust companies and savings companies (chapter S-29.01) and a loan and savings society registered in accordance with the Loan and Investment Societies Act (chapter S-30);
(4)  a federation or a confederation of savings and credit unions within the meaning of the Savings and Credit Unions Act (chapter C-4.1);
(5)  the Caisse centrale Desjardins du Québec established under the Act respecting the Mouvement des caisses Desjardins (1989, chapter 113);
(6)  a trust company licensed under the Act respecting trust companies and savings companies;
(7)  an insurance company licensed under the Act respecting insurance (chapter A-32);
(8)  a municipal corporation, an urban community or regional community, a school corporation, the Conseil scolaire de l’île de Montréal, an intermunicipal management board or a public agency or body established pursuant to an Act of the Government of Canada or of the government of a Canadian province;
(9)  a dealer or an adviser registered in conformity with section 148;
(10)  a pension fund with assets of over $100 000 000 and governed by the Act respecting supplemental pension plans (chapter R-17) or the Pension Benefits Standards Act, 1985 (Revised Statutes of Canada, 1985, chapter 32, 2nd Supplement);
(11)  the subsidiary of a person mentioned in paragraph 2, 6 or 7, to the extent that such person holds all the voting securities;
(12)  a person designated in an order of the Commission on such conditions as it may determine.
1982, c. 48, s. 44; 1987, c. 95, s. 402; 1988, c. 64, s. 587.
44. Each of the following persons is a sophisticated purchaser to the extent that he subscribes for or purchases securities for his own account:
(1)  a company all of the voting securities of which belong to the Gouvernement du Québec, the Government of Canada or the government of a Canadian province, or to one of their departments or agencies;
(2)  a bank governed by the Bank Act (Revised Statutes of Canada, 1985, chapter B-1) or by the Quebec Savings Banks Act (Revised Statutes of Canada, 1970, chapter B-4);
(3)  a savings company holding a licence under the Act respecting trust companies and savings companies (chapter S-29.01) and a loan and savings society registered in accordance with the Loan and Investment Societies Act (chapter S-30);
(4)  a federation or a confederation of savings and credit unions within the meaning of the Savings and Credit Unions Act (chapter C-4.1);
(5)  the Caisse centrale Desjardins du Québec established under the Act respecting the Confédération des caisses populaires et d’économie Desjardins du Québec (1971, chapter 80);
(6)  a trust company licensed under the Act respecting trust companies and savings companies;
(7)  an insurance company licensed under the Act respecting insurance (chapter A-32);
(8)  a municipal corporation, an urban community or regional community, a school corporation, the Conseil scolaire de l’île de Montréal, an intermunicipal management board or a public agency or body established pursuant to an Act of the Government of Canada or of the government of a Canadian province;
(9)  a dealer or an adviser registered in conformity with section 148;
(10)  a pension fund with assets of over $100 000 000 and governed by the Act respecting supplemental pension plans (chapter R-17) or the Pension Benefits Standards Act, 1985 (Revised Statutes of Canada, 1985, chapter 32, 2nd Supplement);
(11)  the subsidiary of a person mentioned in paragraph 2, 6 or 7, to the extent that such person holds all the voting securities;
(12)  a person designated in an order of the Commission on such conditions as it may determine.
1982, c. 48, s. 44; 1987, c. 95, s. 402; 1988, c. 64, s. 587.
44. Each of the following persons is a sophisticated purchaser to the extent that he subscribes for or purchases securities for his own account:
(1)  a company all of the voting securities of which belong to the Gouvernement du Québec, the Government of Canada or the government of a Canadian province, or to one of their departments or agencies;
(2)  a bank governed by the Bank Act (Revised Statutes of Canada, 1985, chapter B-1) or by the Quebec Savings Banks Act (Revised Statutes of Canada, 1970, chapter B-4);
(3)  a savings company holding a licence under the Act respecting trust companies and savings companies (chapter S-29.01) and a loan and savings society registered in accordance with the Loan and Investment Societies Act (chapter S-30);
(4)  a federation of savings and credit unions within the meaning of the Savings and Credit Unions Act (chapter C-4);
(5)  the Caisse centrale Desjardins du Québec established under the Act respecting the Confédération des caisses populaires et d’économie Desjardins du Québec (1971, chapter 80);
(6)  a trust company licensed under the Act respecting trust companies and savings companies;
(7)  an insurance company licensed under the Act respecting insurance (chapter A-32);
(8)  a municipal corporation, an urban community or regional community, a school corporation, the Conseil scolaire de l’île de Montréal, an intermunicipal management board or a public agency or body established pursuant to an Act of the Government of Canada or of the government of a Canadian province;
(9)  a dealer or an adviser registered in conformity with section 148;
(10)  a pension fund with assets of over $100 000 000 and governed by the Act respecting supplemental pension plans (chapter R-17) or the Pension Benefits Standards Act, 1985 (Revised Statutes of Canada, 1985, chapter 32, 2nd Supplement);
(11)  the subsidiary of a person mentioned in paragraph 2, 6 or 7, to the extent that such person holds all the voting securities;
(12)  a person designated in an order of the Commission on such conditions as it may determine.
1982, c. 48, s. 44; 1987, c. 95, s. 402.
44. Each of the following persons is a sophisticated purchaser to the extent that he subscribes for or purchases securities for his own account:
(1)  a company all of the voting securities of which belong to the Gouvernement du Québec, the Government of Canada or the government of a Canadian province, or to one of their departments or agencies;
(2)  a bank governed by the Act respecting banks and banking (Statutes of Canada, 1980-81-82, chapter 40) or by the Quebec Savings Banks Act (Revised Statutes of Canada, 1970, chapter B-4);
(3)  a savings company holding a licence under the Act respecting trust companies and savings companies (chapter S-29.01) and a loan and savings society registered in accordance with the Loan and Investment Societies Act (chapter S-30);
(4)  a federation of savings and credit unions within the meaning of the Savings and Credit Unions Act (chapter C-4);
(5)  the Caisse centrale Desjardins du Québec established under the Act respecting the Confédération des caisses populaires et d’économie Desjardins du Québec (1971, chapter 80);
(6)  a trust company licensed under the Act respecting trust companies and savings companies;
(7)  an insurance company licensed under the Act respecting insurance (chapter A-32);
(8)  a municipal corporation, an urban community or regional community, a school corporation, the Conseil scolaire de l’île de Montréal, an intermunicipal management board or a public agency or body established pursuant to an Act of the Government of Canada or of the government of a Canadian province;
(9)  a dealer or an adviser registered in conformity with section 148;
(10)  a pension fund with assets of over $100 000 000 and governed by the Act respecting supplemental pension plans (chapter R-17) or the Pension Benefits Standards Act (Revised Statutes of Canada, 1970, chapter P-8);
(11)  the subsidiary of a person mentioned in paragraph 2, 6 or 7, to the extent that such person holds all the voting securities;
(12)  a person designated in an order of the Commission on such conditions as it may determine.
1982, c. 48, s. 44; 1987, c. 95, s. 402.
44. Each of the following persons is a sophisticated purchaser to the extent that he subscribes for or purchases securities for his own account:
(1)  a company all of the voting securities of which belong to the Gouvernement du Québec, the Government of Canada or the government of a Canadian province, or to one of their departments or agencies;
(2)  a bank governed by the Act respecting banks and banking (Statutes of Canada, 1980-81-82, chapter 40) or by the Quebec Savings Banks Act (Revised Statutes of Canada, 1970, chapter B-4);
(3)  a loan and investment society incorporated under an Act of Québec or registered in accordance with the Loan and Investment Societies Act (chapter S-30);
(4)  a federation of savings and credit unions within the meaning of the Savings and Credit Unions Act (chapter C-4);
(5)  the Caisse centrale Desjardins du Québec established under the Act respecting the Confédération des caisses populaires et d’économie Desjardins du Québec (1971, chapter 80);
(6)  a trust company registered under the Trust Companies Act (chapter C-41);
(7)  an insurance company licensed under the Act respecting insurance (chapter A-32);
(8)  a municipal corporation, an urban community or regional community, a school corporation, the Conseil scolaire de l’île de Montréal, an intermunicipal management board or a public agency or body established pursuant to an Act of the Government of Canada or of the government of a Canadian province;
(9)  a dealer or an adviser registered in conformity with section 148;
(10)  a pension fund with assets of over $100 000 000 and governed by the Act respecting supplemental pension plans (chapter R-17) or the Pension Benefits Standards Act (Revised Statutes of Canada, 1970, chapter P-8);
(11)  the subsidiary of a person mentioned in paragraph 2, 6 or 7, to the extent that such person holds all the voting securities;
(12)  a person designated in an order of the Commission on such conditions as it may determine.
1982, c. 48, s. 44.
© Gouvernement du Québec