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The national registration search contains the names of all individuals and firms who are registered to sell securities in Canada, with the exception of those registered solely with the Ontario Securities Commision (OSC).

Securities Regulators Adopt Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions

Jul 20 2017

Calgary – The securities regulators of Alberta, Manitoba and New Brunswick (the Participating Jurisdictions) today published a notice of adoption of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (MI 61-101).

MI 61-101 is designed to facilitate the fair treatment of all security holders by addressing potential conflicts of interests on the part of insiders and related parties in certain transactions, and is already in effect in Ontario and Quebec. The instrument contains requirements for enhanced disclosure, independent valuations and majority of minority security holder approvals for transactions such as insider bids, issuer bids, business combinations and related party transactions.

Concurrently, the Participating Jurisdictions also published the companion policy to the instrument and consequential amendments.

MI 61-101 and related documents can be found on each of the Participating Jurisdictions’ websites. The effective date of MI 61-101 and the consequential amendments is July 31, 2017.

The CSA, the council of the securities regulators of Canada’s provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.

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For more information:

Hilary McMeekin
Alberta Securities Commission
403-592-8186
Andrew Nicholson
Financial and Consumer Services Commission, New Brunswick
506-658-3021
Ainsley Cunningham
The Manitoba Securities Commission
204-945-4733