The Securities Commission has granted Home Capital Group Inc. (the Filer) an order to cease being a reporting issuer in all Canadian jurisdictions. The decision was made under the securities legislation of Ontario, where the Ontario Securities Commission served as the principal regulator. The Filer indicated reliance on Multilateral Instrument 11-102 Passport System for the application across all provinces and territories.
The decision was based on several key representations by the Filer:
1. The Filer is not an OTC reporting issuer under Multilateral Instrument 51-105.
2. The Filer’s securities are held by fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide.
3. The Filer’s securities are not traded on any public marketplace or facility where trading data is reported.
4. The Filer has requested to cease being a reporting issuer in all jurisdictions where it currently has that status.
5. The Filer is not in default of any securities legislation.
The principal regulator concluded that the Filer met the necessary criteria to cease being a reporting issuer, as outlined in the applicable legislation, and therefore approved the order.