Change of corporate status
The Regulatory Division must be informed in writing when certain changes occur regarding an approved participant or foreign approved participant. In most cases, the Regulatory Division must simply be informed prior to such changes, whereas some situations require the prior approval of the Special Committee – Regulatory Division.
Example of situations where a prior notification to the Regulatory Division of the Exchange is sufficient (for further details, please refer to Rule Three of the Rules of the Exchange):
- Name change
- Change of control
- Taking of a major position in the capital of an approved participant (10% or more)
- Corporate reorganization
Situations requiring a prior approval by the Special Committee – Regulatory Division:
- Resignation of an approved participant
- Taking of a major position resulting in a change of control of an approved participant, which is likely to materially affect its operations
Approved participants must also inform the Exchange as quickly as possible of any change regarding the address of their head office, phone and fax numbers and Web site address.
514 871-2424, ext. 461