The Securities Commission has granted an order for Alliance Pipeline Limited Partnership to cease being a reporting issuer under the securities legislation. The decision was made by the Alberta Securities Commission as the principal regulator, with the order also representing the decision of the securities regulatory authority in Ontario. The application was made in accordance with National Policy 11-206 and relied on provisions from Multilateral Instrument 11-102 Passport System in various Canadian provinces.
The decision was based on several key facts:
1. Alliance Pipeline Limited Partnership is not an OTC reporting issuer.
2. Its securities are owned by fewer than 15 security holders in each jurisdiction in Canada and fewer than 51 worldwide.
3. Its securities are not traded on any public marketplace or facility in Canada or elsewhere.
4. The company sought to cease being a reporting issuer in all Canadian jurisdictions where it held this status.
5. The company is not in default of any securities legislation.
The order was issued after the Commission was satisfied that the company met the legislative requirements to cease being a reporting issuer. This decision was made under the authority of the Securities Act, R.S.A., 2000, c.S-4, section 153.