51-105 – Issuers Quoted in the U.S. Over-the-Counter Markets

51-105 – Issuers Quoted in the U.S. Over-the-Counter Markets

• MI 51-105 Issuers Quoted in the U.S. Over-the-Counter Markets

  Effective Date:  September 7, 2012.

  Despite subsection (1), except in British Columbia, sections 5, 6, 7, and 8 come into force on September 30, 2012.

  Designates as reporting issuers in the local jurisdiction, any issuer whose securities are quoted only on a US OTC market and that have a significant connection to that local jurisdiction.

  51_105_mi_may_10_2012.pdf
• CSA Notice and Amendments to Multilateral Instrument 51-105

  The purpose of the amendments and changes are to codify previously granted relief related to changes at some recognized exchanges and to align our requirements with changes made to the Canada Business Corporations Act (CBCA). The amendments and changes address the following:

  • the creation of a senior tier at the Canadian Securities Exchange (CSE), which is intended to be a non-venture tier;
  • to ensure that requirements for non-venture issuers will also apply to those reporting issuers that are listed on the CSE Senior Tier;
  • the name change of the PLUS markets to AQSE Growth Market;
  • the name change of Aequitas Neo Exchange Inc. to Cboe Canada Inc.; and,
  • amendments to the Canada Business Corporations Act dealing with “majority voting”.

  The amendments are expected to be adopted by each member of the CSA, where applicable, and provided all necessary regulatory and ministerial approvals are obtained, the amendments will come into force on September 19, 2025.

  51_105_mi_amendments_and_csa_notice_june_19_2025.pdf
• Amendments to Multilateral Instrument 51-105

  Effective Date: June 9, 2023. In Saskatchewan: June 20, 2023.

  51_105_mi_amendments_2023_03_23.pdf
• Amendments to Multilateral Instrument 51-105

  Effective Date: May 9, 2016.

  51_105_mi_february_25_2016_pdf.pdf
• Amendments to Multilateral Instrument 51-105

  Effective Date: November 17, 2015. In Saskatchewan on November 27, 2015.

  51_105_mi_november_17_2015.pdf
• Companion Policy 51-105CP

  Effective Date: September 7, 2012.

  51_105_cp_may_10_2012.pdf
• Amendments to Companion Policy 51-105CP

  Effective Date: Subject to Ministerial approval – June 9, 2023.

  51_105_cp_amendments_2023_03_23.pdf
• Changes to Companion Policy 51-105

  Effective Date: Subject to the effective date of National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure.

  51_105_cp_changes_may_27_2021.pdf
• Form 51-105F1 OTC Issuer Ceases to be an OTC Reporting Issuer

  Effective Date: September 7, 2012.

  51_105_f1_may_10_2012.pdf
• Form 51-105F2 Notice of Promotional Activities

  Effective Date: September 7, 2012.

  51_105_f2_may_10_2012.pdf
• Form 51-105F3A Personal Information Form and Authorization of Indirect Collection, Use and Disclosure of Personal Information

  Effective Date: September 7, 2012.

  51_105_f3a_may_10_2012.pdf
• Form 51-1053B Personal Information Form and Authorization of Indirect Collection, Use and Disclosure of Personal Information

  Effective Date: September 7, 2012.

  51_105_f3b_may_10_2012.pdf
• Form 51-0105F4 Notice Issuer Ceases to be an OTC Reporting Issuer

  Effective Date: September 7, 2012.

  51_105_f4_may_10_2012.pdf