68.1. An issuer subject to equivalent continuous disclosure requirements established by another legislative authority may apply to the Commission to become a reporting issuer and to have the period for which it has fulfilled the requirements taken into account.
The issuer shall attach to its application the continuous disclosure documents already filed in the other province, since the beginning of the last financial year, with the competent authorities, and a certificate from them establishing that it is subject to the continuous disclosure requirements and the number of years for which it has fulfilled the requirements.
Upon approval of the application, holders of securities of the issuer may avail themselves of the exemptions in virtue of sections 58 to 61. If the issuer has already filed a prospectus in the regular form in another province of Canada, and has been meeting the continuous disclosure requirements of that province for one year, the Commission may authorize it to prepare a simplified prospectus, provided the additional information required by the Commission is included therein.