67. In the case of the securities referred to in subparagraphs 4 and 5 of the first paragraph of section 1, negotiable on an organized market, or in the case of the options referred to in subparagraph 8 of the same paragraph, the issuing person must, instead of preparing a prospectus, be qualified by the Commission in accordance with the conditions prescribed by regulation.
The issuing person must also prepare an information document describing how the market operates and, where such is the case, the various types of contracts; he must submit the document to the Commission for approval.
This section shall apply only in the case of securities issued by a clearing house, a stock exchange or a body considered by the Commission to be of the same nature.
1982, c. 48, s. 67; 1987, c. 40, s. 5; 1992, c. 35, s. 4.