Regulatory Alerts2021-05-20
Draft Regulation to amend Regulation 52-110 respecting Audit Committees
The regulator amends Regulation 52-110 respecting Audit Committees to update specific definitions within the Securities Act framework. The changes replace the reference to Aequitas NEO Exchange Inc. with NEO Exchange Inc. in the definition of venture issuer. Additionally, the French text is corrected to align the term for asset-backed securities with the terminology used in Regulation 51-102 on continuous disclosure obligations.
REGULATION TO AMEND REGULATION 52-110 RESPECTING AUDIT COMMITTEES Securities Act (chapter V-1.1, s. 331.1, par. (34))
- Section 1.1 of Regulation 52-110 respecting Audit Committees (chapter V-1.1, r. 28) is amended: (1) by replacing, in the definition of the expression “venture issuer”, “Aequitas NEO Exchange Inc.” with “NEO Exchange Inc.”; (2) by replacing, in the French text, the definition of the expression “titre adossé à des créances” with the following: “« titre adossé à des actifs » : un titre adossé à des actifs au sens défini dans le Règlement 51-102 sur les obligations d'information continue.”.
- Section 1.2 of the Regulation is amended by replacing, in the French text of paragraph (b), the words “titres adossés à des créances” with the words “titres adossés à des actifs”.
- This Regulation comes into force on (indicate here the date of coming into force of this Regulation).
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