V-1.1 - Securities Act

Full text
89. Insider means
(1)  every director or officer of an issuer;
(2)  every director or officer of a subsidiary of an issuer;
(3)  a person that exercises control over more than 10% of the voting rights attached to all outstanding voting securities of an issuer other than securities underwritten in the course of a distribution;
(4)  an issuer that holds any of its securities; or
(5)  a person prescribed by regulation or designated as an insider under section 272.2.
Insider also means a director or officer of an insider of an issuer.
1982, c. 48, s. 89; 1984, c. 41, s. 34; 2006, c. 50, s. 36.
89. The insiders of a reporting issuer that are subject to the disclosure requirements established in this chapter are
(1)  the issuer itself, its subsidiaries, its senior executives and the senior executives of its subsidiaries;
(2)  any person who exercises control over more than 10% of a class of shares of a reporting issuer to which are attached voting rights or an unlimited right to a share of the profits and in its assets in case of winding-up, other than securities that were the object of a firm underwriting and are in the course of distribution;
(3)  the senior executives of a person contemplated in paragraph 2.
1982, c. 48, s. 89; 1984, c. 41, s. 34.
89. The insiders of a reporting issuer that are subject to the disclosure requirements established in this chapter are
(1)  the issuer itself, its subsidiaries, its senior executives and the senior executives of its subsidiaries;
(2)  any person who exercises control over more than 10% of the voting rights attached to the outstanding securities of a reporting issuer, other than securities that were the object of a firm underwriting and are in the course of distribution;
(3)  the senior executives of a person contemplated in paragraph 2.
1982, c. 48, s. 89.