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V-1.1 - Securities Act

Section 7
Disposition versions

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7. In the case of an investment contract, the required disclosure relates to the venture and it is the responsibility of the promoter of the venture and the persons in charge of it to make the disclosure, unless the Authority specially designates a person in virtue of section 66.
1982, c. 48, s. 7; 1984, c. 41, s. 3; 2002, c. 45, s. 696; 2004, c. 37, s. 90; 2006, c. 50, s. 6.
7. As an instance of the rule of section 6, the required disclosure in the case of an unincorporated mutual fund relates to the fund, and it is the responsibility of the person in charge of management of the fund to make the disclosure.
In the case of an investment contract, the required disclosure relates to the venture and it is the responsibility of the promoter of the venture and the persons in charge of it to make the disclosure, unless the Authority specially designates a person in virtue of section 66 or 104.
1982, c. 48, s. 7; 1984, c. 41, s. 3; 2002, c. 45, s. 696; 2004, c. 37, s. 90.
7. As an instance of the rule of section 6, the required disclosure in the case of an unincorporated mutual fund relates to the fund, and it is the responsibility of the person in charge of management of the fund to make the disclosure.
In the case of an investment contract, the required disclosure relates to the venture and it is the responsibility of the promoter of the venture and the persons in charge of it to make the disclosure, unless the Agency specially designates a person in virtue of section 66 or 104.
1982, c. 48, s. 7; 1984, c. 41, s. 3; 2002, c. 45, s. 696.
7. As an instance of the rule of section 6, the required disclosure in the case of an unincorporated mutual fund relates to the fund, and it is the responsibility of the person in charge of management of the fund to make the disclosure.
In the case of an investment contract, the required disclosure relates to the venture and it is the responsibility of the promoter of the venture and the persons in charge of it to make the disclosure, unless the Commission specially designates a person in virtue of section 66 or 104.
1982, c. 48, s. 7; 1984, c. 41, s. 3.
7. In the case of an investment contract, the venture is considered to be the issuer of the contracts; consequently, disclosure in respect of the venture takes the place of disclosure in respect of the issuer.
However, the requirements imposed on the issuer or on the reporting issuer are the responsibility of the persons designated by the Commission under section 66 or 104. Failing a decision by the Commission, they are the responsibility of the promoter of the venture and the persons in charge of its management.
1982, c. 48, s. 7.
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