Acts and Regulations

S-5.5 - Securities Act

Section 92
Disposition versions

Full text
Exemption order
92(1)The Commission may, if in the opinion of the Commission to do so would not be prejudicial to the public interest, make an order, subject to such terms and conditions as the Commission considers appropriate, exempting, in whole or in part, a person or class of persons from a requirement of this Part or of the regulations relating to this Part if
(a) the requirement conflicts with a requirement of the laws of the jurisdiction in which the reporting issuer is incorporated, organized or continued,
(b) the reporting issuer ordinarily distributes financial information to holders of its securities in a form, or at times, different from those required by this Part, or
(c) the Commission is otherwise satisfied in the circumstances of the particular case that there is adequate justification for doing so.
92(2)An order under subsection (1) may be made on the application of an interested person or on the Commission’s own motion.
92(3)An order under subsection (1) may be retroactive in its operation.
2007, c.38, s.54
Exemption order
92(1)The Commission may, if in the opinion of the Commission to do so would not be prejudicial to the public interest, make an order, subject to such terms and conditions as the Commission considers appropriate, exempting, in whole or in part, a person or class of persons from a requirement of this Part or of the regulations relating to this Part if
(a) the requirement conflicts with a requirement of the laws of the jurisdiction in which the reporting issuer is incorporated, organized or continued,
(b) the reporting issuer ordinarily distributes financial information to holders of its securities in a form, or at times, different from those required by this Part, or
(c) the Commission is otherwise satisfied in the circumstances of the particular case that there is adequate justification for doing so.
92(2)An order under subsection (1) may be made on the application of an interested person or on the Commission’s own motion.