V-1.1 - Securities Act

Section 197 Disposition versions

2011-11-30

197. Every person is guilty of an offence who in any manner not specified in section 196 makes a misrepresentation

(1)  in respect of a transaction in a security;

(2)  in the course of soliciting proxies or sending a circular to security holders;

(3)  in the course of a take-over bid or an issuer bid;

(4)  (subparagraph repealed);

(5)  in any document forwarded or record kept by any person pursuant to this Act.

For the purposes of this section, a misrepresentation is any misleading information on a fact that is likely to affect the decision of a reasonable investor as well as any pure and simple omission of such a fact.

1982, c. 48, s. 197; 2002, c. 45, s. 696; 2004, c. 37, s. 90; 2006, c. 50, s. 62; 2011, c. 26, s. 75.

2008-02-01

197. Every person is guilty of an offence who in any manner not specified in section 196 makes a misrepresentation

(1)  in respect of a transaction in a security;

(2)  in the course of soliciting proxies or sending a circular to security holders;

(3)  in the course of a take-over bid or an issuer bid;

(4)  in any document or information filed with the Authority or one of its agents;

(5)  in any document forwarded or record kept by any person pursuant to this Act.

For the purposes of this section, a misrepresentation is any misleading information on a fact that is likely to affect the decision of a reasonable investor as well as any pure and simple omission of such a fact.

1982, c. 48, s. 197; 2002, c. 45, s. 696; 2004, c. 37, s. 90; 2006, c. 50, s. 62.

2006-12-14

197. Every person is guilty of an offence who in any manner not specified in section 196 makes a misrepresentation

(1)  in respect of a transaction in a security;

(2)  in the course of soliciting proxies or sending a circular to security holders;

(3)  in the course of a take-over bid, a take-over bid by way of an exchange of securities or an issuer bid;

(4)  in any document or information filed with the Authority or one of its agents;

(5)  in any document forwarded or record kept by any person pursuant to this Act.

For the purposes of this section, a misrepresentation is any misleading information on a fact that is likely to affect the decision of a reasonable investor as well as any pure and simple omission of such a fact.

1982, c. 48, s. 197; 2002, c. 45, s. 696; 2004, c. 37, s. 90; 2006, c. 50, s. 62.

2004-12-17

197. Every person is guilty of an offence who in any manner not specified in section 196 makes a misrepresentation

(1)  in respect of a transaction in a security;

(2)  in the course of soliciting proxies or sending a circular to security holders;

(3)  in the course of a take-over bid, a take-over bid by way of an exchange of securities or an issuer bid;

(4)  in any document or information filed with the Authority or one of its agents;

(5)  in any document forwarded or record kept by any person pursuant to this Act.

1982, c. 48, s. 197; 2002, c. 45, s. 696; 2004, c. 37, s. 90.

2004-02-01

197. Every person is guilty of an offence who in any manner not specified in section 196 makes a misrepresentation

(1)  in respect of a transaction in a security;

(2)  in the course of soliciting proxies or sending a circular to security holders;

(3)  in the course of a take-over bid, a take-over bid by way of an exchange of securities or an issuer bid;

(4)  in any document or information filed with the Agency or one of its agents;

(5)  in any document forwarded or record kept by any person pursuant to this Act.

1982, c. 48, s. 197; 2002, c. 45, s. 696.

1983-04-06

197. Every person is guilty of an offence who in any manner not specified in section 196 makes a misrepresentation

(1)  in respect of a transaction in a security;

(2)  in the course of soliciting proxies or sending a circular to security holders;

(3)  in the course of a take-over bid, a take-over bid by way of an exchange of securities or an issuer bid;

(4)  in any document or information filed with the Commission or one of its agents;

(5)  in any document forwarded or record kept by any person pursuant to this Act.

1982, c. 48, s. 197.