Unofficial Consolidation: Form 13-502F6 Subsidiary Exemption Notice

Unofficial Consolidation: Form 13-502F6 Subsidiary Exemption Notice

Unofficial Consolidation Forms
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Ontario Securities Commission

Form 13-502F6

Unofficial consolidation current to 2015-04-06

This document is not an official statement of law or policy and should be used for reference purposes only.

FORM 13-502F6
SUBSIDIARY EXEMPTION NOTICE

MANAGEMENT CERTIFICATION

I, _______________________, an officer of the subsidiary noted below have examined this Form 13-502F6 (the Form) being submitted hereunder to the Ontario Securities Commission and certify that to my knowledge, having exercised reasonable diligence, the information provided in the Form is complete and accurate.

(s)________________________________

__________________________

Name:

Title:

Date:

Name of Subsidiary: ___________________________

Name of Parent: ____________________________________

End Date of Subsidiary’s Previous Financial Year: ________________________

The reporting issuer (subsidiary) meets the following criteria set out under subsection 2.4(1) of OSC Rule 13-502 Fees:

(a)          at the end of the subsidiary’s previous financial year, a parent of the subsidiary was a reporting issuer;

(b)          the audited financial statements of the parent prepared in accordance with NI 52-107 require the consolidation of the parent and the subsidiary;

(c)          the parent has paid a participation fee under subsection 2.2(1) calculated based on the capitalization of the parent for its previous financial year;

(d)          in the case of a parent that is a Class 1 reporting issuer, the capitalization of the parent for its previous financial year included the capitalization of the subsidiary as required under paragraph 2.8(1)(c);

(e)          in its previous financial year,

(i)           the net assets and total revenues of the subsidiary        represented more than 90% of the consolidated net assets and total revenues of the  parent for the parent’s previous financial year, or

(ii)          the subsidiary was entitled to rely on an exemption or waiver from the requirements in subsections 4.1(1), 4.3(1) and 5.1(1) and sections 5.2 and 6.1 of NI 51-102.

If paragraph e(i) above applies, complete the following table:

 

Net Assets for previous financial year

Total Revenues for previous financial year

 

 

Reporting Issuer (Subsidiary)

$____________________

$____________________

(A)

Reporting Issuer (Parent)

$____________________

$____________________

(B)

Percentage (A/B)

___________________%

___________________%