Final Concordant Amendments to Securities Regulations and Regulation 14-101

Part 2 GAZETTE OFFICIELLE DU QUÉBEC, September 13, 2023, Vol. 155, No. 37A 2151A REGULATION TO AMEND REGULATION 94-102 RESPECTING DERIVATIVES: CUSTOMER CLEARING AND PROTECTION OF CUSTOMER COLLATERAL AND POSITIONS Derivatives Act (chapter I-14.01, s. 175, 1st par., subpar. (2), (9), (11) and (12))

1. Section 1 of Regulation 94-102 respecting Derivatives: Customer Clearing and Protection of Customer Collateral and Positions (chapter I-14.01, r. 0.001) is amended by striking out, in paragraph (1), the definition of “Canadian financial institution”.
2. This Regulation comes into force on 13 September 2023. 106468 M.O., 2023-15 Order number V-1.1-2023-15 of the Minister of Finance dated 29 August 2023 Securities Act (chapter V-1.1) Concerning concordant regulations to Regulation to amend Regulation 14-101 respecting Definitions – Securities Whereas paragraphs 1, 11 and 34 of section 331.1 of the Securities Act (chapter V-1.1) provide that the Autorité des marchés financiers may make regulations concerning the matters referred to in those paragraphs; Whereas the third and fourth paragraphs of section 331.2 of the said Act provide that a draft regulation shall be published in the Bulletin de l’Autorité des marchés financiers, accompanied with the notice required under section 10 of the Regulations Act (chapter R-18.1) and may not be submitted for approval or be made before 30 days have elapsed since its publication; Whereas the first and fifth paragraphs of the said section provide that every regulation made under section 331.1 must be approved, with or without amend￾ment, by the Minister of Finance and comes into force on the date of its publication in the Gazette officielle du Québec or on any later date specified in the regulation; Whereas the following regulations have been made by the Autorité des marchés financiers, approved by the Minister of Finance or enacted by the Government: — Regulation 31-103 respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations approved by ministerial order no. 2009-04 dated 9 September 2009 (2009, G.O. 2, 3309A); —Regulation 33-109 respecting Registration Infor￾mation approved by the ministerial order no. 2009-05 dated 9 September 2009 (2009, G.O. 2, 3362A); —Regulation 45-106 respecting Prospectus Exemp￾tions approved by ministerial order no. 2009-05 dated 9 September 2009 (2009, G.O. 2, 3362A); —Regulation 62-103 respecting the Early Warning System and Related Take-Over Bid and Insider Reporting Issues made by the decision no. 2001-C-0334 dated 10 July 2001 (Bulletin hebdomadaire, vol. 32, no. 28 dated 13 July 2001); — Regulation 81-102 respecting Investment Funds made by the decision no. 2001-C-0209 dated 22 May 2001 (Bulletin hebdomadaire, vol. 32, no. 22 dated 1 June 2001); —Securities Regulation enacted by order in Council no. 660-83 dated 30 March 1983 (1983, G.O. 2, 1269); Whereas there is cause to amend those Regulations; Whereas the following draft regulations were published for consultation in the Bulletin de l’Autorité des marchés financiers, vol. 18, no. 16 dated 22 April 2021: — draft regulation to amend Regulation 31-103 respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations; © Éditeur officiel du Québec, 2023

2152A GAZETTE OFFICIELLE DU QUÉBEC, September 13, 2023, Vol. 155, No. 37A Part 2 — draft regulation to amend Regulation 45-106 respecting Prospectus Exemptions; — draft regulation to amend Regulation 62-103 respecting the Early Warning System and Related Take￾Over Bid and Insider Reporting Issues; Whereas the following draft regulations were published for consultation in the Bulletin de l’Autorité des marchés financiers, vol. 20, no. 24 dated 22 June 2023: — draft regulation to amend Regulation 33-109 respecting Registration Information; — draft regulation to amend Regulation 81-102 respecting Investment Funds; Whereas the draft regulation to amend the Securities Regulation was published for consultation in the Bulletin de l’Autorité des marchés financiers, vol. 20, no. 26 dated 6 July 2023; Whereas the Autorité des marchés financiers made, on 9 August 2023, by the decision no. 2023-PDG-0038, the following regulations: —Regulation to amend Regulation 31-103 respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations; —Regulation to amend Regulation 33-109 respecting Registration Information; —Regulation to amend Regulation 45-106 respecting Prospectus Exemptions; —Regulation to amend Regulation 62-103 respecting the Early Warning System and Related Take-Over Bid and Insider Reporting Issues; —Regulation to amend Regulation 81-102 respecting Investment Funds; —Regulation to amend the Securities Regulation; Whereas there is cause to approve those Regulations without amendment; Consequently, the Minister of Finance approves without amendment the following regulations appended hereto: —Regulation to amend Regulation 31-103 respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations; —Regulation to amend Regulation 33-109 respecting Registration Information; —Regulation to amend Regulation 45-106 respecting Prospectus Exemptions; —Regulation to amend Regulation 62-103 respecting the Early Warning System and Related Take-Over Bid and Insider Reporting Issues; —Regulation to amend Regulation 81-102 respecting Investment Funds; —Regulation to amend the Securities Regulation. 29 August 2023 Eric Girard Minister of Finance © Éditeur officiel du Québec, 2023

Part 2 GAZETTE OFFICIELLE DU QUÉBEC, September 13, 2023, Vol. 155, No. 37A 2153A REGULATION TO AMEND REGULATION 31-103 RESPECTING REGISTRATION REQUIREMENTS, EXEMPTIONS AND ONGOING REGISTRANT OBLIGATIONS Securities Act (chapter V-1.1, s. 331.1, par. (11) and (34))

1. Section 1.1 of Regulation 31-103 respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations (chapter V-1.1, r. 10) is amended by striking out the definition of “Canadian financial institution”.
2. Section 8.19 of the Regulation is amended by striking out, in subparagraph (a) of paragraph (2), subparagraph (iii).
3. Form 31-103F1 of the Regulation is amended by replacing “CICA Handbook”, in the notes pertaining to line 5, by “Handbook”.
4. This Regulation comes into force on 13 September 2023. © Éditeur officiel du Québec, 2023

2154A GAZETTE OFFICIELLE DU QUÉBEC, September 13, 2023, Vol. 155, No. 37A Part 2 REGULATION TO AMEND REGULATION 33-109 RESPECTING REGISTRATION INFORMATION Securities Act (chapter V-1.1, s. 331.1, par. (1))

1. Form 33-109F6 of Regulation 33-109 respecting Registration Information (chapter V-1.1, r. 12) is amended by replacing “CPA Canada Handbook”, in the notes pertaining to line 5 of Schedule C, by “Handbook”.
2. This Regulation comes into force on 13 September 2023. © Éditeur officiel du Québec, 2023

Part 2 GAZETTE OFFICIELLE DU QUÉBEC, September 13, 2023, Vol. 155, No. 37A 2155A REGULATION TO AMEND REGULATION 45-106 RESPECTING PROSPECTUS EXEMPTIONS Securities Act (chapter V-1.1, s. 331.1, par. (11) and (34))

1. Section 1.1 of Regulation 45-106 respecting Prospectus Exemptions (chapter V-1.1, r. 21) is amended by striking out the definitions of “bank” and “Canadian financial institution”.
2. Section 2.43 of the Regulation is amended by striking out, in paragraph (a), subparagraph (iii), with the necessary changes.
3. This Regulation comes into force on 13 September 2023. © Éditeur officiel du Québec, 2023

2156A GAZETTE OFFICIELLE DU QUÉBEC, September 13, 2023, Vol. 155, No. 37A Part 2 REGULATION TO AMEND REGULATION 62-103 RESPECTING THE EARLY WARNING SYSTEM AND RELATED TAKE-OVER BID AND INSIDER REPORTING ISSUES Securities Act (chapter V-1.1, s. 331.1, par. (34))

1. Section 1.1 of Regulation 62-103 respecting The Early Warning System and Related Take-Over Bid and Insider Reporting Issues (chapter V-1.1, r. 34) is amended by adding, in paragraph (1) and after subparagraph (c) of the definition of “financial institution”, the following, with the necessary changes: “(d) an authorized foreign bank named in Schedule III of the Bank Act (S.C., 1991, c. 46);”.
2. This Regulation comes into force on 13 September 2023. © Éditeur officiel du Québec, 2023

Part 2 GAZETTE OFFICIELLE DU QUÉBEC, September 13, 2023, Vol. 155, No. 37A 2157A REGULATION TO AMEND REGULATION 81-102 RESPECTING INVESTMENT FUNDS Securities Act (chapter V-1.1, s. 331.1, par. (1))

1. Appendice B-1, Appendice B-2 and Appendice B-3 of Regulation 81-102 respecting Investment Funds (chapter V-1.1, r. 39) are amended by replacing all occurrences of “CICA Handbook − Assurance” by “Handbook”.
2. This Regulation comes into force on 13 September 2023. © Éditeur officiel du Québec, 2023

2158A GAZETTE OFFICIELLE DU QUÉBEC, September 13, 2023, Vol. 155, No. 37A Part 2 REGULATION TO AMEND THE SECURITIES REGULATION Securities Act (chapter V-1.1, s. 331.1, par. (1))

1. Schedule VII of the Securities Regulation (chapter V-1.1, r. 50) is amended by replacing “CICA Handbook”, in the third paragraph of paragraph 4 of part I, by “Handbook”.
2. This Regulation comes into force on 13 September 2023. 106469 M.O., 2023-14 Order number V-1.1-2023-14 of the Minister of Finance dated 29 August 2023 Securities Act (chapter V-1.1) Concerning t he Reg u lat ion t o a me nd Regulation 14-101 respecting Definitions Whereas paragraph 34 of section 331.1 of the Securities Act (chapter V-1.1) provides that the Autorité des marchés financiers may make regulations concerning the matters referred to in that paragraph; Whereas the third and fourth paragraphs of section 331.2 of the said Act provide that a draft regulation shall be published in the Bulletin de l’Autorité des marchés financiers, accompanied with the notice required under section 10 of the Regulations Act (chapter R-18.1) and may not be submitted for approval or be made before 30 days have elapsed since its publication; Whereas the first and fifth paragraphs of the said section provide that every regulation made under section 331.1 must be approved, with or without amend￾ment, by the Minister of Finance and comes into force on the date of its publication in the Gazette officielle du Québec or on any later date specified in the regulation; Whereas the Regulation 14-101 respecting Definitions was made on 12 June 2001 by the decision no. 2001- C-0274 (Supplément au Bulletin de la Commission des valeurs mobilières du Québec, vol. 32, no. 26 of 29 June 2001); Whereas there is cause to amend this Regulation; Whereas the d raf t reg ulation to amend Regulation 14-101 respecting Definitions was published for consultation in the Bulletin de l’Autorité des marchés financiers, vol. 18, no. 16 of 22 April 2021; Whereas the Autorité des marchés financiers made, on 9 August 2023, by the decision no. 2023-PDG-0037, Regulation to amend Regulation 14-101 respecting Definitions; Whereas there is cause to approve this Regulation without amendment; Consequently, the Minister of Finance approves without amendment the Regulation to amend Regulation 14-101 respecting Definitions appended hereto. 29 August 2023 Eric Girard Minister of Finance © Éditeur officiel du Québec, 2023