Insider Reports Regulations
SOR/82-207
REGULATIONS PRESCRIBING THE FORM OF INSIDER REPORTS
Short Title
1 These Regulations may be cited as the Insider Reports Regulations.
Interpretation
2 In these Regulations, "Act" means the Bank Act.
Reports
3 For the purposes of subsections 169(1) and (2) of the Act, the form of an insider report is hereby prescribed to be the form set out in Schedule I.
4 For the purposes of subsection 169(4) of the Act, the form of an insider report is hereby prescribed to be the form set out in Schedule II.
5 For the purposes of subsection 169(3) of the Act, the insider reports referred to therein shall be in the form set out in
(a) Schedule I, in the case of an initial insider report; and
(b) Schedule II, in the case of a subsequent insider report.
SCHEDULE I(ss. 3 and 5)
Bank Act
Initial Report of Insider Interest in the Securities of a Bank
Instructions
General
1 File a separate report in respect of each bank of which you are an insider. If you do not own or exercise control or direction over any securities of a bank of which you are an insider, complete item 5 of the report by stating "NIL".
2 A purchase warrant, put, call or other transferable option is a security that must be reported.
3 If reporting an indirect holding, refer to each intermediary (agent, trust or corporation) by its full legal name.
Item 1
Set out the full legal name of the bank.
Item 2
Set out your first given name, initials and family name.
Item 3
Set out your full residential address including the postal code.
Item 4
Indicate in what capacity you qualify as an insider, for example:
(a) a director of a distributing bank;
(b) an officer of a distributing bank;
(c) a deemed insider of a distributing bank; or
(d) a person who beneficially owns more than 10 per cent of the shares of a distributing bank or who exercises control or direction over more than 10 per cent of the votes attached to all shares of a distributing bank.
If you qualify as an insider in more than one capacity indicate each capacity.
Item 5
1 State the date on which you became an insider.
2 State separately your beneficial ownership of securities of the bank and the capacity in which control or direction over shares is exercised.
- 3
(1) Under "Designation of Securities" identify each class of securities beneficially owned or over which control or direction is exercised (for example, "Common Shares", "First Preference Shares", "5% Debentures Due 1995", etc.).
(2) Where schedules are used to report transactions in detail, determine the totals and bring the totals forward to this Item.
4 In reporting the amount or number of securities beneficially owned or over which control or direction is exercised, in the case of bank debentures, state the principal amounts and in the case of shares, give the number.
5 Under "Nature of ownership, control or direction",
(a) state whether and to what extent your beneficial ownership of securities is direct or indirect and to the extent your ownership is indirect, indicate in a note or other appropriate manner the name or identity of the intermediary through which the securities are indirectly owned and state the amount or number of securities held for you by each such intermediary;
(b) report on separate lines securities owned directly and securities owned indirectly in order to distinguish between them; and
(c) state whether you exercise control or direction over securities, report the amount or number of each class of such securities on a separate line and indicate the means by which the control or direction is exercised.
Item 6
Include any additional information or explanation you think relevant.
Signature
(1) If the report is filed on behalf of a corporation, partnership, trust or other entity, the name of the corporation, partnership, trust or other entity must appear over the signature of the officer or other person authorized to sign the report.
(2) If the report is filed by an individual, it must be signed by him or specifically on his behalf by a person authorized to sign for him.
Two signed copies of the report are to be filed with:
| The Inspector General of Banks | |
| Department of Finance | |
| Place Bell Canada | |
| Ottawa, Ontario | |
| K1A 0G5 |
SCHEDULE II(ss. 4 and 5)
Bank Act
Report of Change in Insider Interest in the Securities of a Bank
Instructions
General
1 File a separate report in respect of each bank of which you are an insider.
2 A purchase warrant, put, call or other transferable option is a security that must be reported.
3 If reporting an indirect holding, refer to each intermediary (agent, trust or corporation) by its full legal name.
4 Verify that the Report is consistent with previous reports.
Item 1
Set out the full legal name of the bank.
Item 2
Set out your first given name, initials and family name.
Item 3
Set out your full residential address including the postal code.
Item 4
Indicate in what capacity you qualify as an insider, for example:
(a) a director of a distributing bank;
(b) an officer of a distributing bank;
(c) a deemed insider of a distributing bank; or
(d) a person who beneficially owns more than 10 per cent of the shares of a distributing bank or who exercises control or direction over more than 10 per cent of the votes attached to all shares of a distributing bank.
If you qualify as an insider in more than one capacity indicate each capacity.
Item 5
State the calendar month for which the information is given.
Item 6
State day, month and year.
Item 7
1 State all changes in your beneficial ownership of securities and in your control or direction over securities of the bank during the calendar month for which you are reporting as at the end of the month.
- 2
(1) Report every transaction involving a change in your beneficial ownership of securities or in your control or direction over securities of the bank during the month.
(2) It is not sufficient to show only net changes during the month.
(3) State a change even if it only involves acquiring direct ownership.
- 3
(1) Under "Designation of Securities" identify each class of securities beneficially owned or over which control or direction is exercised (for example, "Common Shares", "First Preference Shares", "5% Debentures due 1995", etc.).
(2) Where schedules are used to report transactions in detail, determine the totals and bring the totals forward to this item.
4 Show the date (day, month and year) of each transaction involving a sale or purchase of a security opposite the amount or number of securities involved in the transaction and the price at which each security was sold or purchased.
5 In reporting the amount or number of securities beneficially owned or over which control or direction is exercised, in the case of bank debentures, state the principal amounts and in the case of shares, give the number.
6 Under "Nature of ownership, control or direction",
(a) state whether and to what extent your beneficial ownership of securities is direct or indirect and to the extent your ownership is indirect, indicate in a note or other appropriate manner the name or identity of the intermediary through which the securities are indirectly owned and state the amount or number of securities held for you by each such intermediary;
(b) report on separate lines securities owned directly and securities owned indirectly in order to distinguish between them; and
(c) state whether you exercise control or direction over securities, report the amount or number of each class of such securities on a separate line and indicate the means by which the control or direction is exercised.
- 7
(1) If you acquired securities through exercising an option, give details of the acquisition and the price paid for each security.
(2) If a purchase or sale was effected otherwise than in the open market, give details of the purchase or sale.
8 If a transaction was not a purchase or sale, indicate its character, for example, "gift", "stock dividend", etc., under "Nature of ownership...".
Item 8
Set out complete insider interest in the securities of the bank at the end of the month for which the report has been filed, including the results of transactions reported in Item 7.
Item 9
Include any additional information or explanation you think relevant.
Signature
(1) If the report is filed on behalf of a corporation, partnership, trust or other entity, the name of the corporation, partnership, trust or other entity must appear over the signature of the officer or other person authorized to sign the report.
(2) If the report is filed by an individual it must be signed by him or specifically on his behalf by a person authorized to sign for him.
Two signed copies of the report are to be filed with:
| The Inspector General of Banks | |
| Department of Finance | |
| Place Bell Canada | |
| Ottawa, Ontario | |
| K1A 0G5 |
INITIAL REPORT OF CHANGE IN INSIDER INTEREST IN THE SECURITIES OF A BANK
GRAPHIC IS NOT DISPLAYED, SEE SOR/82-207, P. 723
REPORT OF CHANGE IN INSIDER INTEREST IN THE SECURITIES OF A BANK
GRAPHIC IS NOT DISPLAYED, SEE SOR/82-207, P. 724
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