This Instrument applies to a reporting issuer other than a reporting issuer that is any of the following:
(a) an investment fund;
(b) an issuer of an asset-backed security;
(c) a designated foreign issuer or SEC foreign issuer;
(d) an exchangeable security issuer that is exempt under section 13.3 of National Instrument 51-102 Continuous Disclosure Obligations;
(e) a credit support issuer that is exempt under section 13.4 of National Instrument 51-102 Continuous Disclosure Obligations;
(f) an issuer that is a subsidiary entity, if
(i) the subsidiary entity does not have equity securities, other than non-convertible, non-participating preferred securities, trading on a marketplace, and
(ii) the parent of the subsidiary entity is
(A) subject to the requirements of this Instrument, or
(B) an issuer that has securities listed or quoted on a U.S. marketplace, and is in compliance with the corporate governance disclosure requirements of that U.S. marketplace.