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C.C.S.M. c. S50
The Securities Act
| 1(1) | Definitions |
| (1.1) | Meaning of "regulations" in certain provisions |
| (1.2) | Commission orders re reporting issuer |
| (1.3) | Effect of issuer exchanging shares with a reporting issuer |
| (2) | Affiliated companies |
| (3) | Controlled companies |
| (4) | Subsidiary company |
| (5) | Holding companies |
| (6) | Beneficial ownership of securities |
| (7) | Deemed ownership by company |
| PART I | |
| SECURITIES COMMISSION | |
| 2(1) | Commission continued |
| (2) | Chair and vice-chair |
| (3) | Administration of Act |
| (4) | Quorum |
| (5) | Sittings |
| (6) | Separate sittings |
| (7) | Choice of members |
| (8) | Evidence out of Manitoba |
| (9) | Commission may add members |
| 3(1) | Chief executive officer |
| (2) | Absence of chair |
| (3) | Members |
| (4) | Delegation |
| (5) | Review |
| 4(1) | Functions of Director |
| (2) | Limits on delegation |
| (3) | Director is chief administrative officer |
| (4) | Deputy Directors |
| (5) | Signing of orders |
| 5(1) | Rules as to hearings |
| (2) | Record of evidence |
| (3) | Hearing under delegated power |
| PART II | |
| REGISTRATION | |
| 6(1) | Persons who must be registered |
| (2) to (6) | |
| (7) | |
| (8) | Registrant must comply with terms and conditions |
| (9) | Registration in accordance with Act |
| (10) | |
| (11) | Suspension |
| (12) | Separate registration of certain persons not required |
| (13) | Adding new partner, officer or branch manager |
| (14) | Termination of salesperson's employment |
| (14.1) | Director's discretion re transfer of registration |
| (15) | Non-trading employees |
| 7(1) | Registration by Director |
| (2) | Refusal of registration |
| (3) | Director's authority to impose terms on registration |
| (4) | |
| (5) | Stockbrokers |
| (6) | |
| (7) | Suspending or cancelling registration |
| 8(1) | Fitness hearings |
| (2) | Interim suspension |
| 9 and 10 | |
| 11 | Address for service |
| 12 | Further information |
| 13(1) | Appointment of experts |
| (2) | Submission of documents to experts |
| (3) | Payment for services |
| 14(1) | Requirement of residence |
| (2) | Definition |
| (3) | Servicemen and students |
| 15 | Notice of status to director |
| 15.1(1) | Surrender of registration |
| (2) | Action by Director when surrender not accepted |
| 16 | |
| 17 | Refunds |
| 18 | |
| 19(1) | Trades exempt from registration |
| (2) | Trading exempted from registration |
| (3) and (4) | |
| (5) | Removal of exemptions |
| (6) | Hearing |
| (7) | Notice of temporary order |
| (8) | Loss of private company status |
| 20(1) | Exemption by commission |
| (2) | Publication of notice |
| (3) | Regulations Act not to apply |
| 21 | Real Estate Brokers Act |
| PART III | |
| INVESTIGATION AND ACTION BY COMMISSION | |
| 21.1(1) | Designation of staff members as investigators |
| (2) | General authority of investigator |
| (3) | Assistance |
| (4) | Decision not reviewable |
| (5) | Not a section 22 investigation |
| 22(1) | Investigation of probable contravention or offence |
| (2) | Order for investigation |
| (3) | Scope of investigation |
| (4) | Powers |
| (5) | Counsel |
| (6) | Seizure of property |
| (7) | Inspection or return of property |
| (8) | Accountants and other experts |
| (9) | Inspection of property |
| (10) | Report of investigation |
| (11) | Meaning of "investigation" |
| 23 | Investigation under order of minister |
| 24(1) | Non-disclosure |
| (2) | Exceptions |
| 25 | Reporting to minister |
| 26(1) | Order to hold funds |
| (2) | Application for direction |
| (3) | Notice to district registrars |
| 27(1) | Application for appointment of receiver |
| (2) | Appointment |
| (3) | Application without notice |
| (4) | Powers of receiver |
| (5) | Enforcement of order |
| (6) | Rules of practice to apply |
| 28(1) | Costs of an investigation |
| (2) | Recovery of costs |
| PART IV | |
| APPEALS | |
| 29(1) | Review by commission |
| (2) | Power on review |
| (3) | Reference by Director to commission |
| 30(1) | Appeal to The Court of Appeal |
| (1.1) | Leave to appeal |
| (2) | |
| (3) | Time for appeal |
| (4) | |
| (5) | Commission party to appeal |
| (6) | Powers of Court on appeal |
| (7) | Commission may make further direction |
| (8) | Stay pending appeal |
| 31(1) | Submission of question of law |
| (2) | Service on persons concerned |
| (3) | Service on other persons interested |
| (4) | Effect of court's decision |
| PART IV.1 | |
| SELF-REGULATORY ORGANIZATIONS | |
| 31.1(1) | Recognition of self-regulatory organization |
| (2) | Hearing |
| (3) | Recognized organization to regulate members |
| (4) | Commission's powers |
| 31.2 | Conflict with securities law |
| 31.3(1) | Suspension or cancellation of recognition |
| (2) | Temporary order without hearing |
| 31.4 | Voluntary surrender of recognition |
| 31.5(1) | Assignment of powers and duties by commission |
| (2) | Assignment of powers and duties by Director |
| (3) | Variation or revocation of assignment |
| PART V | |
| AUDITS | |
| 32(1) | Auditor of self-regulatory organization or stock exchange |
| (2) | Auditor of member |
| 33(1) | Examination and report |
| (2) | Approval by commission |
| 34(1) | Recordkeeping and annual financial statements |
| (1.1) | Deadline for filing annual financial statement |
| (2) | Extended meaning of "registrant" |
| (3) | Preparing and filing auditor's report |
| (4) | Variation |
| 35(1) | Commission may make audits |
| (2) | Access to books |
| (3) | Fees |
| PART VI | |
| 36 | |
| PART VII | |
| TRADING IN THE COURSE OF PRIMARY DISTRIBUTION TO THE PUBLIC | |
| 37(1) | Prohibition as to trading |
| (1.1) | Voluntary filing of non-offering prospectus |
| (1.2) | Receipt for voluntary non-offering prospectus |
| (2) | Receipt for preliminary prospectus |
| 38 | Communication about preliminary prospectus |
| 39 | |
| 40 | Defective preliminary prospectus |
| 41(1) | Prospectus |
| (2) | Form and content |
| (3) | Supplemental material |
| 42 | Additional information |
| 43 to 56 | |
| 57 | Limitation on materials distributed |
| 58(1) | Section 37 not applicable to certain trades |
| (2) | |
| (3) | Section 37 not applicable to certain securities |
| (4) | |
| 59(1) | Application for determination |
| (2) | Deeming trade not in primary distribution |
| (3) | Ruling that registration not required |
| (4) | Determination of conclusion |
| (5) | No suspension of order |
| 60(1) | Order to provide information re distribution |
| (2) | Using information provided under an order |
| (3) | Exemption orders |
| 61(1) | When receipt for a prospectus must be issued |
| (2) | Specific circumstances when a receipt must not be issued |
| (3) | Giving prospectus filer an opportunity to be heard |
| 62(1) | Orders to cease trading |
| (2) | Hearing |
| (3) | Notice |
| 63 | |
| 64 | |
| 65 | Cancelling certain security purchases |
| 66 | |
| PART VIII | |
| TRADING IN SECURITIES GENERALLY | |
| 67 | |
| 68(1) | Calling at or telephoning residence |
| (2) | Exemption |
| (3) | Definition of "residence" |
| (4) | Definition of "person" |
| 69(1) | Prohibition of representations |
| (2) | Promises |
| (3) | Representation re listing |
| (4) | Exception |
| 70 to 73 | |
| 74 | Representations as to registration |
| 74.1 | Certain misrepresentations prohibited |
| 75 | |
| 76 | Representations about commission approval |
| 77(1) | Margin contracts |
| (2) | Exercise of option |
| 78 | Declaration as to short position |
| 79(1) | Voting of shares in name of registrant |
| (2) | Where registrant not to vote shares |
| (3) | Copies of material to be furnished |
| (4) | Voting of shares |
| (5) | Proxies |
| (6) | Shareholders meeting not affected |
| (7) | Voting rights not extended |
| PART IX | |
| TAKE-OVER BIDS | |
| 80 | Definitions |
| 81 to 85 | |
| 86 | Making a bid |
| 87 to 89 | |
| 90(1) | Directors' recommendation re bid |
| (2) | Individual recommendation re bid |
| 91 to 94 | |
| 95(1) | Application to the commission for a remedial order |
| (2) | Application to the commission for an exemption |
| 96(1) | Application to the court for remedial order |
| (2) | Director must be given notice and hearing |
| 97 to 99 | |
| PART X | |
| PROXIES AND PROXY SOLICITATION | |
| 100 | |
| 101 | Reporting issuer to comply with proxy regulations |
| 102 | |
| 103(1) | |
| (2) | Conflict |
| (3) | |
| 104 | |
| 105 | Where vote by ballot not required |
| 106(1) | Undertakings |
| (2) | Refusal of receipt |
| (3) | |
| 107 | |
| PART XI | |
| INSIDER TRADING | |
| 108(1) | Definitions for Part XI |
| (2) | Interpretation |
| 108.1 | Designating a person or company as an insider |
| 109(1) | Report by new insider |
| (2) | Report of changes by insider |
| 110(1) | Reports may be inspected |
| (2) | Publication of information |
| 111 | |
| 111.1 | Early warning |
| 112(1) | Trading where undisclosed change |
| (2) | Tipping |
| (3) | Prohibitions |
| (4) | Defence |
| (5) | Definition |
| (6) | Definition |
| 113(1) | Liability for non-disclosure |
| (2) | Liability for tipping |
| (3) | Mutual funds |
| (4) | Accountability for gain |
| (5) | Liability, joint and several |
| (6) | Measure of damages |
| (7) | Definition |
| (8) | Security includes |
| 114(1) | Order to commence action |
| (2) | Notice to reporting issuer and commission |
| (3) | Order to require reporting issuer to co-operate |
| 115 | |
| 116 | Exemption and extension orders |
| 117(1) | Undertakings |
| (2) | Refusal of receipt |
| PART XII | |
| FINANCIAL DISCLOSURE | |
| 118 and 119 | |
| 120 | Documents to be filed |
| 121 to 130 | |
| 131 | Exemption from requirements |
| 132 | Undertakings |
| 133 | Refusal of receipt |
| 134 | Inspection of filed material |
| 135 | |
| PART XIII | |
| OFFENCES AND PENALTIES | |
| 136(1) | General offences |
| (2) | Defence |
| (3) | Directors and officers |
| (4) | Contravention of 112(1), (2) or (3) |
| (5) | Definition |
| 137 | Time limitation |
| 138(1) | More than one offence |
| (2) | Continuing offence |