Acts and Regulations

S-5.5 - Securities Act

Full text
Exemption order
80(1)The Commission may, subject to such terms and conditions as it considers appropriate, order that any trade, intended trade, security or person or class of trades, intended trades, securities or persons is not subject to section 71 if it is satisfied that to do so would not be prejudicial to the public interest.
80(2)An order under subsection (1) may be made on the application of an interested person or on the Commission’s own motion.
80(3)On the application of an interested person or on the Commission’s own motion, the Commission may determine whether a distribution of any security has concluded or is currently in progress.
80(4)An order under subsection (1) may be retroactive in its operation.
2007, c.38, s.41
Exemption order
80(1)The Commission may, subject to such terms and conditions as it considers appropriate, order that any trade, intended trade, security or person or class of trades, intended trades, securities or persons is not subject to section 71 if it is satisfied that to do so would not be prejudicial to the public interest.
80(2)An order under subsection (1) may be made on the application of an interested person or on the Commission’s own motion.
80(3)On the application of an interested person or on the Commission’s own motion, the Commission may determine whether a distribution of any security has concluded or is currently in progress.