The Securities Commission has approved an application by Capital Desjardins Inc. for an order declaring that it has ceased to be a reporting issuer in all Canadian jurisdictions where it held this status. The decision was based on several key findings:
1. Capital Desjardins Inc. is not an OTC reporting issuer under specific regulations pertaining to U.S. Over-the-Counter Markets.
2. The company’s securities are held by fewer than 15 security holders in each Canadian jurisdiction and fewer than 51 holders worldwide.
3. Its securities are not traded on any public marketplace or facility in Canada or elsewhere.
4. The company is not in default of any securities legislation in any jurisdiction.
The order was granted in accordance with the relevant securities legislation, specifically section 1(10)(a)(ii) of the Securities Act (R.S.O. 1990, c. S.5, as amended), and under the framework of National Policy 11-206 for the process of ceasing to be a reporting issuer. The Autorité des marchés financiers served as the principal regulator for the application, and the order also represents the decision of the securities regulatory authority in Ontario.