V-1.1 - Securities Act

Section 156.1 Disposition versions

2005-09-14

156.1. (Repealed).

1987, c. 40, s. 20; 1999, c. 40, s. 327; 2004, c. 37, s. 13.

1999-10-22

156.1. A person who advises the public through the media is exempt from registration as an adviser provided

(1)  he derives no remuneration therefrom other than the remuneration ordinarily attached to the practice of his profession;

(2)  he does not trade in the securities of the company in respect of which he gives advice or in options to purchase or sell such securities in the 7 days preceding the broadcast or publication of the advice nor for 30 days thereafter.

An exemption under this section applies also, subject to the same conditions, to the person in charge of financial information and to the enterprise which operates the media concerned to such extent as the person or enterprise engages in the activities of an adviser by reason of his or its influence on the advice broadcast or published.

With respect to printed matter, an exemption under the two preceding paragraphs applies only to newspapers or periodicals that are sold and which have general circulation, excluding financial letters.

1987, c. 40, s. 20; 1999, c. 40, s. 327.

1987-06-23

156.1. A person who advises the public through the media is exempt from registration as an adviser provided

(1)  he derives no remuneration therefrom other than the remuneration ordinarily attached to the practice of his profession;

(2)  he does not trade in the securities of the company in respect of which he gives advice or in options to purchase or sell such securities in the 7 days preceding the broadcast or publication of the advice nor for 30 days thereafter.

An exemption under this section applies also, subject to the same conditions, to the person in charge of financial information and to the firm which operates the media concerned to such extent as the person or firm engages in the activities of an adviser by reason of his or its influence on the advice broadcast or published.

With respect to printed matter, an exemption under the two preceding paragraphs applies only to newspapers or periodicals that are sold and which have general circulation, excluding financial letters.

1987, c. 40, s. 20.