11. Every person intending to make a distribution of securities shall prepare a prospectus that shall be subject to a receipt issued by the Authority. The application for a receipt must be accompanied with the documents prescribed by regulation.
Notwithstanding the foregoing, in the case of a distribution made by a dealer acting as firm underwriter, the issuer is responsible for preparing the prospectus.
1982, c. 48, s. 11; 1984, c. 41, s. 5; 2002, c. 45, s. 696; 2004, c. 37, s. 90; 2006, c. 50, s. 10.