Regulation to amend Regulation 55-104 respecting Insider Reporting Requirements and Exemptions

The regulatory authority has issued amendments to Regulation 55-104 respecting Insider Reporting Requirements and Exemptions under the Securities Act. These changes specifically update the French text of sections 2.2, 3.2, 3.3, 9.4, and 9.5 to refine the definitions of beneficial ownership and interests in financial instruments linked to issuer securities. The amendments aim to clarify the scope of reporting obligations regarding direct or indirect control and rights arising from linked financial instruments.

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REGULATION TO AMEND REGULATION 55-104 RESPECTING INSIDER REPORTING REQUIREMENTS AND EXEMPTIONS Securities Act (chapter V-1.1, s. 331.1, par. (1) and (11)

Section 2.2 of Regulation 55-104 respecting Insider Reporting Requirements and Exemptions (chapter V-1.1, r. 31) is amended by replacing “l’emprise directe ou indirecte exercée sur ceux-ci, ou dans tout droit ou intérêt direct ou indirect dans un instrument financier lié ou obligation directe ou indirecte relative à un tel instrument”, in the French text, by “l’emprise exercée sur ceux-ci, directement ou indirectement, ou dans tout droit dans un instrument financier lié ou tout droit ou toute obligation découlant de cet instrument”.
Sections 3.2 and 3.3 of the Regulation are amended by replacing paragraph (b), in the French text, by the following:
“b) ses droits dans tout instrument financier lié à un titre de l’émetteur assujetti ou ses droits ou obligations découlant de cet instrument.”.
Section 9.4 of the Regulation is amended by replacing paragraph (b), in the French text, by the following:
“b) il n’a pas de droit dans un instrument financier lié à un titre de l’émetteur ni de droit ou d’obligation découlant de cet instrument;”.
Section 9.5 of the Regulation is amended by replacing subparagraph (ii), in the French text, by the following:
“ii) tout droit dans un instrument financier lié à un titre de l’émetteur ou tout droit ou toute obligation découlant de cet instrument.”.
This Regulation comes into force on (indicate here the date of coming into force of this Regulation).

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This document amends: Regulation 55-104 Respecting Insider Reporting Requirements and Exemptions

Source: Autorite des marches financiers Quebec — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works