Acts and Regulations

S-5.5 - Securities Act

Full text
Definition of “responsible person”
Repealed: 2007, c.38, s.122
2007, c.38, s.122; 2008, c.22, s.39
131Repealed: 2007, c.38, s.123
2007, c.38, s.123; 2008, c.22, s.40
Definition of “responsible person”
2008, c.22, s.39
131In this Part, “responsible person” means
(a) an adviser,
(b) every individual who is a partner, a director or an officer of an adviser,
(c) every affiliate of an adviser, and
(d) every individual who is a director, an officer or an employee of such affiliate or who is an employee of the adviser, if the affiliate or individual participates in the formulation of investment decisions made on behalf of the client of the adviser or in advice given to such client, or if the affiliate or individual has access to such decisions or advice before implementation.
2008, c.22, s.40
Definitions
131The following definitions apply in this Part.
“mutual fund” , except in section 137, means a mutual fund that is a reporting issuer. (fonds commun de placement)
“related mutual funds” includes two or more mutual funds under common management. (fonds communs de placement liés)
“related person” , in relation to a mutual fund, means a person in whom the mutual fund, its mutual fund manager and its distribution company are prohibited by the provisions of this Part from making any investment. (personne liée)
“responsible person” means(personne responsable)
(a) a portfolio manager,
(b) every individual who is a partner, director or officer of a portfolio manager,
(c) every affiliate of a portfolio manager, and
(d) every individual who is a director, officer or employee of such affiliate or who is an employee of the portfolio manager, if the affiliate or individual participates in the formulation of investment decisions made on behalf of the client of the portfolio manager or in advice given to such client, or if the affiliate or individual has access to such decisions or advice before implementation.