Changes to National Policy 11-206 Process for Cease to be a Reporting Issuer Applications

CHANGES TO NATIONAL POLICY 11-206 PROCESS FOR CEASE TO BE A REPORTING ISSUER APPLICATIONS

1. National Policy 11-206 Process for Cease to be a Reporting Issuer Applications is changed by this Document.

2. Part 2 is changed by adding "AND INTERPRETATION" in its title.

3. The Policy is changed by adding the following section:

4.1. Electronic transmission -- National Instrument 13-103 System for Electronic Data Analysis and Retrieval + (SEDAR+) prescribes that each document that is required or permitted to be provided to a securities regulatory authority or regulator must be transmitted to the securities regulatory authority or regulator electronically through the System for Electronic Data Analysis and Retrieval + (SEDAR+).

The reference to a document includes any report, form, application, information, material and notice, as well as a copy thereof, and applies to documents that are required or permitted to be filed or deposited with, or delivered, furnished, sent, provided, submitted or otherwise transmitted to, a securities regulatory authority or regulator.

To reflect the phased implementation of SEDAR+, the Appendix of National Instrument 13-103 System for Electronic Data Analysis and Retrieval + (SEDAR+) sets out securities legislation under which documents are excluded from being filed or delivered in SEDAR+.

National Instrument 13-103 System for Electronic Data Analysis and Retrieval + (SEDAR+) should be consulted when providing any document to a securities regulatory authority or regulator under Multilateral Instrument 11-102 Passport System and this policy..

4. Subsection 10(1) is deleted.

5. Section 16 is changed by

(a) deleting "by letter", and

(b) deleting "in the pre-filing".

6. Subsection 17(1) is changed by deleting "in the pre-filing".

7. Subsection 22(1) is changed by replacing "In its application, the" with "The".

8. Section 27 is replaced with the following:

Filing

27. A filer should send the application materials together with the fees to

(a) the principal regulator, in the case of a passport application, or

(b) the principal regulator and the OSC, in the case of a dual application..

9. Subsection 30(2) is changed by replacing "mark" with "treat".

10. Subsection 34(1) is changed by replacing "circulate" with "provide".

11. Part 10 is changed

(a) in its title by deleting "TRANSITION AND", and

(b) by deleting section 40.

Effective Date

12. These changes become effective on June 9, 2023.