29. No registration shall be required of the security issuer in the case of the following securities:
(a) bonds or other evidences of indebtedness contemplated in paragraphs a and c and subparagraph 1 of paragraph e of article 981o of the Civil Code;
(c) promissory notes and negotiable instruments payable on demand or within twelve months of their issue provided that, if trading in such securities is not limited to corporations, each such promissory note or negotiable instrument be for a principal sum of at least $50,000;
(d) any class of securities trading in which is specifically exempted by the regulations from the application of section 24.
The Commission, when it deems it expedient, may grant an exemption from registration for issues of securities made in another province of Canada and in which trust funds may be invested under the laws of the said province.
It may also, at its discretion, grant an exemption from registration in the case of securities quoted or which it has been agreed to quote on a recognized stock exchange.
It may also, at its discretion, grant an exemption from registration for the sale of certain securities forming part of issues to which the foregoing provisions of this section apply.
R. S. 1964, c. 274, s. 21; 1966-67, c. 82, s. 2; 1977, c. 5, s. 14; 1979, c. 14, s. 7.