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V-1.1 - Securities Act

Section 68
Disposition versions

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68. A reporting issuer is an issuer that has made a distribution of securities to the public; a reporting issuer is subject to the continuous disclosure requirements of Chapter II of this title.
An issuer is deemed to have made a distribution of securities to the public where
(1)  a prospectus has been filed in respect of one of its securities and a receipt issued by the Authority;
(2)  its securities, offered as consideration in a take-over bid, have been described in a circular filed with the Authority;
(3)  any of its securities has been listed on a stock exchange in Québec at any time from 6 April 1983;
(4)  its securities have been distributed pursuant to an agreement, merger, amalgamation or reorganization or a similar operation involving at least one reporting issuer;
(5)  its existence is the result of the continuance of an issuer contemplated in subparagraphs 1 to 4;
(6)  it is contemplated in section 68.1 or 338;
(7)  it is so determined by regulation;
(8)  it is so designated by the Authority in accordance with section 272.2 or criteria determined by regulation.
An issuer who files a prospectus subject to a receipt issued by the Authority for the sole purpose of becoming a reporting issuer is also deemed to have made a distribution of securities to the public. The prospectus must contain the information and certificates prescribed by regulation and disclose all the material facts about the securities already issued. The rules specified for a prospectus in Title II do not apply to the prospectus.
1982, c. 48, s. 68; 1984, c. 41, s. 24; 1990, c. 77, s. 16; 2001, c. 38, s. 21; 2002, c. 45, s. 696; 2004, c. 37, s. 9; 2006, c. 50, s. 28; 2008, c. 7, s. 139; 2013, c. 18, s. 103.
68. A reporting issuer is an issuer that has made a distribution of securities to the public; a reporting issuer is subject to the continuous disclosure requirements of Chapter II of this title.
An issuer is deemed to have made a distribution of securities to the public where
(1)  a prospectus has been filed in respect of one of its securities and a receipt issued by the Authority;
(2)  its securities, offered as consideration in a take-over bid, have been described in a circular filed with the Authority;
(3)  any of its securities has been listed on a stock exchange in Québec at any time from 6 April 1983;
(4)  its securities have been exchanged for those of another issuer or those held by security-holders of another issuer pursuant to an agreement, merger, amalgamation or reorganization or a similar operation involving at least one reporting issuer;
(5)  its existence is the result of the continuance of an issuer contemplated in subparagraphs 1 to 4;
(6)  it is contemplated in section 68.1 or 338;
(7)  it is so determined by regulation;
(8)  it is so designated by the Authority in accordance with section 272.2 or criteria determined by regulation.
An issuer who files a prospectus subject to a receipt issued by the Authority for the sole purpose of becoming a reporting issuer is also deemed to have made a distribution of securities to the public. The prospectus must contain the information and certificates prescribed by regulation and disclose all the material facts about the securities already issued. The rules specified for a prospectus in Title II do not apply to the prospectus.
1982, c. 48, s. 68; 1984, c. 41, s. 24; 1990, c. 77, s. 16; 2001, c. 38, s. 21; 2002, c. 45, s. 696; 2004, c. 37, s. 9; 2006, c. 50, s. 28; 2008, c. 7, s. 139.
68. A reporting issuer is an issuer that has made a distribution of securities to the public; a reporting issuer is subject to the continuous disclosure requirements of Chapter II of this title.
An issuer is deemed to have made a distribution of securities to the public where
(1)  a prospectus has been filed in respect of one of its securities and a receipt issued by the Authority;
(2)  its securities, offered as consideration in a take-over bid, have been described in a circular filed with the Authority;
(3)  any of its securities has been listed on a stock exchange in Québec at any time from 6 April 1983;
(4)  its securities have been distributed following a consolidation or reorganization involving at least one reporting issuer;
(5)  its existence is the result of the continuance of an issuer contemplated in subparagraphs 1 to 4;
(6)  it is contemplated in section 68.1 or 338;
(7)  it is so determined by regulation;
(8)  it is so designated by the Authority in accordance with section 272.2 or criteria determined by regulation.
An issuer who files a prospectus subject to a receipt issued by the Authority for the sole purpose of becoming a reporting issuer is also deemed to have made a distribution of securities to the public. The prospectus must contain the information and certificates prescribed by regulation and disclose all the material facts about the securities already issued. The rules specified for a prospectus in Title II do not apply to the prospectus.
1982, c. 48, s. 68; 1984, c. 41, s. 24; 1990, c. 77, s. 16; 2001, c. 38, s. 21; 2002, c. 45, s. 696; 2004, c. 37, s. 9; 2006, c. 50, s. 28.
68. A reporting issuer is an issuer that has made a distribution of securities to the public; a reporting issuer is subject to the continuous disclosure requirements of Chapter II of this title.
An issuer is deemed to have made a distribution of securities to the public where
(1)  a prospectus has been filed in respect of one of its securities and a receipt issued by the Authority;
(2)  its securities, offered as consideration in a take-over bid by way of an exchange of securities, have been described in a circular filed with the Authority;
(3)  any of its securities has been listed on a stock exchange in Québec at any time from 6 April 1983;
(4)  its securities have been distributed following a consolidation or reorganization involving at least one reporting issuer;
(5)  its existence is the result of the continuance of an issuer contemplated in subparagraphs 1 to 4;
(6)  it is contemplated in section 68.1 or 338;
(7)  it is so determined by regulation;
(8)  it is so designated by the Authority in accordance with section 272.2 or criteria determined by regulation.
An issuer who files a prospectus subject to a receipt issued by the Authority for the sole purpose of becoming a reporting issuer is also deemed to have made a distribution of securities to the public. The prospectus must contain the information and certificates prescribed by regulation and disclose all the material facts about the securities already issued. The rules specified for a prospectus in Title II do not apply to the prospectus.
1982, c. 48, s. 68; 1984, c. 41, s. 24; 1990, c. 77, s. 16; 2001, c. 38, s. 21; 2002, c. 45, s. 696; 2004, c. 37, s. 9; 2006, c. 50, s. 28.
68. A reporting issuer is an issuer that has made a distribution of securities to the public; a reporting issuer is subject to the continuous disclosure requirements specified in Chapter II of this title.
An issuer is deemed to have made a distribution of securities to the public where
(1)  a prospectus has been filed in respect of one of its securities and a receipt therefor obtained from the Authority;
(2)  its securities, offered as consideration in a take-over bid by way of an exchange of securities, have been described in a circular filed with the Authority;
(3)  any of its securities has been listed on a stock exchange in Québec at any time from 6 April 1983;
(4)  its securities have been distributed following a consolidation or reorganization involving at least one reporting issuer;
(5)  its existence is the result of the continuance of an issuer contemplated in subparagraphs 1 to 4;
(6)  it is contemplated in section 68.1 or 338;
(7)  it is so determined by regulation;
(8)  it is so designated by the Authority in accordance with criteria determined by regulation.
An issuer who files a prospectus and obtains a receipt therefor from the Authority for the sole purpose of becoming a reporting issuer is also deemed to have made a distribution of securities to the public. The prospectus must contain the information and certificates prescribed by regulation and disclose all the material facts likely to affect the value or the market price of the securities already issued. The rules specified for a prospectus in Title II do not apply to the prospectus.
1982, c. 48, s. 68; 1984, c. 41, s. 24; 1990, c. 77, s. 16; 2001, c. 38, s. 21; 2002, c. 45, s. 696; 2004, c. 37, s. 9.
68. A reporting issuer is an issuer that, having made a distribution of securities to the public, is subject to the continuous disclosure requirements specified in Chapter II of this title.
An issuer is deemed to have made a distribution of securities to the public where
(1)  a prospectus has been filed in respect of one of its securities and a receipt therefor obtained from the Authority;
(2)  its securities, offered as consideration in a take-over bid by way of an exchange of securities, have been described in a circular filed with the Authority;
(3)  any of its securities has been listed on a stock exchange in Québec at any time from 6 April 1983;
(4)  its securities have been distributed following a consolidation or reorganization involving at least one reporting issuer;
(5)  its existence is the result of the continuance of an issuer contemplated in subparagraphs 1 to 4;
(6)  it is contemplated in section 68.1 or 338;
(7)  it is so determined by regulation;
(8)  it is so designated by the Authority in accordance with criteria determined by regulation.
An issuer who files a prospectus and obtains a receipt therefor from the Authority for the sole purpose of becoming a reporting issuer is also deemed to have made a distribution of securities to the public. The prospectus must contain the information and certificates prescribed by regulation and disclose all the material facts likely to affect the value or the market price of the securities already issued. The rules specified for a prospectus in Title II do not apply to the prospectus.
1982, c. 48, s. 68; 1984, c. 41, s. 24; 1990, c. 77, s. 16; 2001, c. 38, s. 21; 2002, c. 45, s. 696; 2004, c. 37, s. 9.
68. A reporting issuer is an issuer that, having made a distribution of securities to the public, is subject to the continuous disclosure requirements specified in Chapter II of this title.
An issuer is deemed to have made a distribution of securities to the public where
(1)  a prospectus has been filed in respect of one of its securities and a receipt therefor obtained from the Agency;
(2)  its securities, offered as consideration in a take-over bid by way of an exchange of securities, have been described in a circular filed with the Agency;
(3)  any of its securities has been listed on a stock exchange in Québec at any time from 6 April 1983;
(4)  its securities have been distributed following a consolidation or reorganization involving at least one reporting issuer;
(5)  its existence is the result of the continuance of an issuer contemplated in subparagraphs 1 to 4;
(6)  it is contemplated in section 68.1 or 338.
An issuer who files a prospectus and obtains a receipt therefor from the Agency for the sole purpose of becoming a reporting issuer is also deemed to have made a distribution of securities to the public. The prospectus must contain the information and certificates prescribed by regulation and disclose all the material facts likely to affect the value or the market price of the securities already issued. The rules specified for a prospectus in Title II do not apply to the prospectus.
1982, c. 48, s. 68; 1984, c. 41, s. 24; 1990, c. 77, s. 16; 2001, c. 38, s. 21; 2002, c. 45, s. 696.
68. A reporting issuer is an issuer that, having made a distribution of securities to the public, is subject to the continuous disclosure requirements specified in Chapter II of this title.
An issuer is deemed to have made a distribution of securities to the public where
(1)  a prospectus has been filed in respect of one of its securities and a receipt therefor obtained from the Commission;
(2)  its securities, offered as consideration in a take-over bid by way of an exchange of securities, have been described in a circular filed with the Commission;
(3)  any of its securities has been listed on a stock exchange in Québec at any time from 6 April 1983;
(4)  its securities have been distributed following a consolidation or reorganization involving at least one reporting issuer;
(5)  its existence is the result of the continuance of an issuer contemplated in subparagraphs 1 to 4;
(6)  it is contemplated in section 68.1 or 338.
An issuer who files a prospectus and obtains a receipt therefor from the Commission for the sole purpose of becoming a reporting issuer is also deemed to have made a distribution of securities to the public. The prospectus must contain the information and certificates prescribed by regulation and disclose all the material facts likely to affect the value or the market price of the securities already issued. The rules specified for a prospectus in Title II do not apply to the prospectus.
1982, c. 48, s. 68; 1984, c. 41, s. 24; 1990, c. 77, s. 16; 2001, c. 38, s. 21.
68. A reporting issuer is an issuer that, having made a distribution of securities to the public, is subject to the continuous disclosure requirements specified in Chapter II of this title.
An issuer is deemed to have made a distribution of securities to the public where
(1)  a prospectus has been filed in respect of one of its securities and a receipt therefor obtained from the Commission;
(2)  its securities, offered as consideration in a take-over bid by way of an exchange of securities, have been described in a circular filed with the Commission;
(3)  any of its securities has been listed on a stock exchange in Québec at any time from 6 April 1983;
(4)  its securities have been distributed within the framework of a combination to which a reporting issuer was a party;
(5)  its existence is the result of the continuance of an issuer contemplated in subparagraphs 1 to 4;
(6)  it is contemplated in section 68.1 or 338.
An issuer who files a prospectus and obtains a receipt therefor from the Commission for the sole purpose of becoming a reporting issuer is also deemed to have made a distribution of securities to the public. The prospectus must contain the information and certificates prescribed by regulation and disclose all the material facts likely to affect the value or the market price of the securities already issued. The rules specified for a prospectus in Title II do not apply to the prospectus.
1982, c. 48, s. 68; 1984, c. 41, s. 24; 1990, c. 77, s. 16.
68. A reporting issuer is an issuer that, having made a distribution of securities to the public, is subject to the continuous disclosure requirements specified in Chapter II of this title.
An issuer is deemed to have made a distribution of securities to the public where
(1)  a prospectus has been filed in respect of one of its securities and a receipt therefor obtained from the Commission;
(2)  its securities, offered as consideration in a take-over bid by way of an exchange of securities, have been described in a circular filed with the Commission;
(3)  any of its securities has been listed on a stock exchange in Québec at any time from 6 April 1983;
(4)  its existence is the result of a combination to which a reporting issuer was a party;
(5)  its existence is the result of the continuance of an issuer contemplated in subparagraphs 1 to 4;
(6)  it is contemplated in section 68.1 or 338.
An issuer who files a prospectus and obtains a receipt therefor from the Commission for the sole purpose of becoming a reporting issuer is also deemed to have made a distribution of securities to the public. The prospectus must contain the information and certificates prescribed by regulation and disclose all the material facts likely to affect the value or the market price of the securities already issued. The rules specified for a prospectus in Title II do not apply to the prospectus.
1982, c. 48, s. 68; 1984, c. 41, s. 24.
68. A reporting issuer is an issuer that, having made a distribution of securities to the public, is subject to the continuous disclosure requirements specified in Chapter II of this title.
An issuer is deemed to have made a distribution of securities to the public where
(1)  a prospectus has been filed in respect of one of its securities and a receipt therefor obtained from the Commission;
(2)  it has filed a circular with the Commission in respect of a take-over bid by way of an exchange of securities;
(3)  any of its securities has been listed on a stock exchange in Québec at any time from 6 April 1983;
(4)  its existence is the result of an amalgamation or reorganization to which a reporting issuer was a party;
(5)  its existence is the result of the continuance of an issuer contemplated in subparagraphs 1 to 4;
(6)  it is contemplated in section 338.
An issuer who files a prospectus and obtains a receipt therefor from the Commission for the sole purpose of becoming a reporting issuer is also deemed to have made a distribution of securities to the public. The prospectus must contain the information and certificates prescribed by regulation and disclose all the material facts likely to affect the value or the market price of the securities already issued. The rules specified for a prospectus in Title II do not apply to the prospectus.
1982, c. 48, s. 68.
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