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Notice

Vol. 140, No. 36 — September 9, 2006

Prospectus (Insurance Companies and Insurance Holding Companies) Regulations

Statutory authority

Insurance Companies Act

Sponsoring department

Department of Finance

REGULATORY IMPACT ANALYSIS STATEMENT

For the Regulatory Impact Analysis Statement, see the Civil Remedies (Banks and Bank Holding Companies) Regulations.

PROPOSED REGULATORY TEXT

Notice is hereby given that the Governor in Council, pursuant to subsection 296(2) (see footnote 1) and section 883 (see footnote 2) of the Insurance Companies Act (see footnote 3), proposes to make the annexed Prospectus (Insurance Companies and Insurance Holding Companies) Regulations.

Interested persons may make representations with respect to the proposed Regulations within 30 days after the date of publication of this notice. All such representations must cite the Canada Gazette, Part I, and the date of this notice and be addressed to Mr. Gerry Salembier, Financial Sector Policy Branch, Department of Finance, L'Esplanade Laurier, 15th floor, East Tower, 140 O'Connor Street, Ottawa, Ontario K1A 0G5.

Ottawa, August 25, 2006

MARY O'NEILL
Assistant Clerk of the Privy Council

PROSPECTUS (INSURANCE COMPANIES AND INSURANCE HOLDING COMPANIES) REGULATIONS

PROSPECTUS

1. (1) The information to be disclosed prior to a distribution of securities is to be set out in a prospectus and is to include the contents required for a prospectus under any legislation set out in column 2 of the schedule.

(2) The procedure for the disclosure of information required for a distribution of securities is to be the procedure for a disclosure by prospectus that is required for a distribution of securities under any legislation set out in column 2 of the schedule.

(3) The disclosure of information required for a distribution is to be in the form required for a prospectus under any legislation set out in column 2 of the schedule.

2. A prospectus filed under any legislation set out in column 2 of the schedule is to comply with the requirements set out in that legislation.

EXEMPTION

3. A person that is subject to an exemption from any or all prospectus requirements under any legislation set out in column 2 of the schedule, or to an order of the relevant provincial securities regulator, is also exempt from those requirements for the purposes of these Regulations.

REPEALS

4. The Prospectus Exemptions (Insurance Companies) Regulations (see footnote 4) are repealed.

5. The Prospectus (Insurance Companies and Insurance Holding Companies) Regulations (see footnote 5) are repealed.

6. The Prospectus Exemptions (Insurance Holding Companies) Regulations (see footnote 6) are repealed.

COMING INTO FORCE

7. These Regulations come into force on the day on which they are registered.

SCHEDULE
(Sections 1 to 3)

PROVINCIAL LEGISLATION

Item	Column 1 Jurisdiction	Column 2 Legislation
1.	Ontario	Securities Act, R.S.O. 1990, c. S.5, as amended from time to time
2.	Quebec	Securities Act, R.S.Q., c. V-1.1, as amended from time to time
3.	Nova Scotia	Securities Act, R.S.N.S. 1989, c. 418, as amended from time to time
4.	New Brunswick	Securities Act, S.N.B. 2004, c. S-5.5, as amended from time to time
5.	Manitoba	The Securities Act, C.C.S.M., c. S50, as amended from time to time
6.	British Columbia	Securities Act, R.S.B.C. 1996, c. 418, as amended from time to time
7.	Prince Edward Island	Securities Act, R.S.P.E.I. 1988, c. S-3, as amended from time to time
8.	Saskatchewan	The Securities Act, 1988, S.S. 1988-89, c. S-42.2, as amended from time to time
9.	Alberta	Securities Act, R.S.A. 2000, c. S-4, as amended from time to time
10.	Newfoundland and Labrador	Securities Act, R.S.N.L. 1990, c. S-13, as amended from time to time
11.	Yukon	Securities Act, R.S.Y. 2002, c. 201, as amended from time to time
12.	Northwest Territories	Securities Act, R.S.N.W.T. 1988, c. S-5, as amended from time to time
13.	Nunavut	Securities Act (Nunavut), R.S.N.W.T. 1988, c. S-5, as amended from time to time

[36-1-o]

Footnote 1

S.C. 2005, c. 54, s. 272

Footnote 2

S.C. 2005, c. 54, s. 349

S.C. 1991, c. 47

SOR/94-75

SOR/2001-413

SOR/2002-418

NOTICE:
The format of the electronic version of this issue of the Canada Gazette was modified in order to be compatible with hypertext language (HTML). Its content is very similar except for the footnotes, the symbols and the tables.


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Updated: 2006-11-23