Regulatory Alerts2021-05-20
Added · Updated
Draft Regulation to Amend National Policy 46-201: Escrow for Initial Public Offerings
The securities regulator amends National Policy 46-201 to update references from Aequitas NEO Exchange Inc. to NEO Exchange Inc. throughout the escrow regulations for initial public offerings. The amendment also modifies French terminology in specific sections to replace 'de première catégorie' with 'du groupe 1' and 'ayants droit' with 'ayants cause'. These changes align the policy text with current exchange naming conventions and legal terminology.
REGULATION TO AMEND NATIONAL POLICY 46-201: ESCROW FOR INITIAL PUBLIC OFFERINGS Securities Act (chapter V-1.1, s. 331.1, par. (34))
- Section 3.2 of National Policy 46-201: Escrow for Initial Public Offerings (chapter V-1.1, r. 22) is amended by replacing, wherever it appears in paragraph (a.1), “Aequitas NEO Exchange Inc.” with “NEO Exchange Inc.”.
- Section 3.3. of the Policy is amended, in paragraph (2): (1) by replacing, in the French text of subparagraph (b), the words “de première catégorie” with “du groupe 1”; (2) by replacing, in subparagraph (c), “Aequitas NEO Exchange Inc.” with “NEO Exchange Inc.”.
- Section 4.4 of the Policy is amended, in paragraph (1): (1) by replacing, in subparagraph (a), “Aequitas NEO Exchange Inc.” with “NEO Exchange Inc.”; (2) by replacing, in the French text of subparagraphs (b) and (c), the words “de première catégorie” with “du groupe 1”.
- Appendix Form 46-201F1 of the Policy is amended: (1) in item 3.1: (a) by replacing, in paragraph (a), “Aequitas NEO Exchange Inc.” with “NEO Exchange Inc.”; (b) by replacing, in the French text of subparagraphs (b) and (c), the words “de première catégorie” with “du groupe 1”; (2) by replacing, in the French text of item 10.10, the words “ayants droit” with the words “ayants cause”.
- This Regulation comes into force on (indicate here the date of coming into force of this Regulation).
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