69. In the case of a reporting issuer that has fewer than 15 security holders whose latest addresses as shown in the records of the reporting issuer are in Québec, the Commission may, on application, revoke the issuer’s status as a reporting issuer or, on such conditions as it may determine, release the issuer from all or part of the continuous disclosure requirements specified in Chapter II of this title.
The Commission may require the issuer to provide a statement attesting that the securities registered in the name of a dealer do not belong to holders resident in Québec.
1982, c. 48, s. 69; 1984, c. 41, s. 26.