87(1)Subject to subsection (2), if, on the application of the Commission after the filing of a prospectus and the issuance of a receipt for a prospectus, the Tribunal is satisfied that any of the circumstances referred to in subsection 75(2) exist, the Tribunal, following a hearing, may order that the distribution of the securities under the prospectus shall cease for a period specified in the order.

87(2)If the Tribunal is of the opinion that the length of time required to hold a hearing under subsection (1) could be prejudicial to the public interest, the Tribunal, without a hearing, may make a temporary order under subsection (1) to have effect for not longer than 15 days after the date the temporary order is made, unless a hearing is commenced within the 15 days, in which case the Tribunal may extend the temporary order until the hearing is concluded.

87(3)Without delay, the Commission shall give written notice of an order or temporary order made under this section to the issuer to whose security the prospectus relates.

87(1)Subject to subsection (2), where the Commission is of the opinion, after the filing of a prospectus and the issuance of a receipt for the prospectus, that any of the circumstances referred to in subsection 75(2) exist, the Commission may, following a hearing, order that the distribution of the securities under the prospectus shall cease for the period specified in the order.

87(2)Where the Commission is of the opinion that the length of time required to hold a hearing under subsection (1) could be prejudicial to the public interest, the Commission may, without a hearing, make a temporary order under subsection (1) to have effect for not longer than 15 days after the date the temporary order is made, unless a hearing is commenced within the 15 days, in which case the Commission may extend the temporary order until the hearing is concluded.

87(3)The Commission shall without delay give written notice of an order or temporary order made under this section to the issuer to whose security the prospectus relates.