Consultation · AMF · 22 Apr 2021

Draft Regulation to amend Regulation 62-103 respecting the Early Warning System and Related Take-Over Bid and Insider Reporting Issues

The regulator amends Regulation 62-103 to update the definition of financial institution within the Early Warning System framework. The amendment adds banks listed in Schedule III of the Bank Act (S.C. 1991, c. 46) to the list of qualifying financial institutions. This change ensures that these specific banks are correctly categorized for insider reporting and take-over bid requirements under the Securities Act.

CanadaAutorite des marches financiers Quebec

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))

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 the expression “financial institution”, the following:
“(d) a bank listed in Schedule III of the Bank Act (S.C. 1991, c. 46);”.
This Regulation comes into force on (insert here the date of coming into force of this
Regulation).

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Issued under

Securities Act, chapter V-1.1 (Québec) (Loi sur les valeurs mobilières)1982 · CA-LAW
“Securities Act (chapter V-1.1, s. 331.1, par. (34))”