(b) brand new or other evidence is present or its clear that product circumstances have actually changed. 2008, c. 9, s. 19.
Part III Regulation of Licensees
Disclosure to Registrar
Informative data on firm
20 (1) a job candidate for the licence or renewal of a licence this is certainly a business shall reveal towards the Registrar the identity of,
(a) every person or entity that beneficially has or controls 10 % or even more associated with equity stocks associated with the firm given and outstanding during the time of the applying; and
(b) individuals or entities which can be related to each other and therefore together beneficially acquire or get a handle on 10 percent or higher associated with the equity stocks associated with the corporation granted and outstanding during the time of the application. 2008, c. 9, s. 20 (1).
Determining amount of stocks
(2) In determining the sum total quantity of equity stocks for the company beneficially owned or managed for the purposes of subsection (1), the number that is total be determined once the final number of most shares beneficially owned or managed, but each share that holds the best to one or more vote will be determined due to the fact amount of stocks equalling the sum total amount of votes carried. 2008, c. 9, s. 20 (2).
Notice of modifications in stocks
21 (1) besides the disclosure needed under part 20, every licensee that is a company shall alert the Registrar written down within thirty days following the presssing dilemma of any equity stocks associated with organization, in the event that problem results in,
(a) anyone or entity, or any individuals or entities which can be connected with one another, acquiring or collecting beneficial ownership or control of 10 % or even more associated with final amount of all of the released and outstanding equity stocks for the business; or
(b) a rise in the portion of given and equity that is outstanding of this organization beneficially owned or managed by anyone or entity, or any people or entities which are related to one another, in the event that individual, entity or the associated people or entities currently beneficially owned or managed 10 % or higher of this final number of all of the released and outstanding equity stocks associated with firm prior to the problem. 2008, c. 9, s. 21 (1).
Transfer of shares
(2) In addition towards the disclosure needed under area 20, every licensee this is certainly a business shall inform the Registrar written down within 1 month after it comes to your attention of every of its officers or directors that a transfer of every equity stocks of this firm has taken place, in the event that transfer produces either associated with outcomes described in clause (1) (a) or (b). 2008, c. 9, s. 21 (2).
Determining amount of stocks
(3) In calculating the sum total quantity of equity stocks for the firm beneficially owned or managed for the true purpose of this part, the number that is total be determined while the total of all of the stocks beneficially owned or managed, but each share that holds the best to one or more vote will probably be determined because the wide range of stocks equalling the sum total wide range of votes it holds. 2008, c. 9, s. 21 (3).
Notice of identity of persons or entities
(4) The notice needed under subsection (1) small installment loans direct lender or (2) shall recognize the people or entities described when you look at the clause that is applicable of (1) or perhaps in subsection (2), due to the fact situation could be. 2008, c. 9, s. 21 (4).
Notice of modifications to Registrar
22 (1) Every licensee shall, within five times following the occasion, notify the Registrar written down of,
(a) any improvement in the licensee’s target for solution; and
(b) when it comes to a company or partnership, any change in the officers or directors regarding the licensee. 2008, c. 9, s. 22 (1).
(2) The Registrar is regarded as to own gotten the notice mentioned in subsection (1),
(a) from the time upon which the Registrar really received it, if it absolutely was perhaps not delivered by mail; or