Acts and Regulations

S-5.5 - Securities Act

Section 82
Disposition versions

Full text
Distribution of material during waiting period
82(1)In this section, “waiting period” means the interval between the issuance by the Executive Director of a receipt for a preliminary prospectus relating to the offering of a security and the issuance by the Executive Director of a receipt for the prospectus.
82(2)Notwithstanding section 71, but subject to Part 5, it is permissible during the waiting period
(a) to distribute a notice, circular, advertisement or letter to or otherwise communicate with any person, identifying the security proposed to be issued, stating the price of the security, if determined, stating the name and address of a person from whom purchases of the security may be made and stating such further information as may be permitted or required by the regulations, if every such notice, circular, advertisement, letter or other communication states the name and address of a person from whom a preliminary prospectus may be obtained,
(b) to distribute a preliminary prospectus, and
(c) to solicit expressions of interest from a prospective purchaser if, before such solicitation or without delay after the prospective purchaser indicates an interest in purchasing the security, a copy of the preliminary prospectus is sent to the prospective purchaser.