The Alberta and Ontario securities regulators have granted NOVA Gas Transmission Ltd.’s application to cease being a reporting issuer in all Canadian jurisdictions. The decision was based on several key facts: the company is not an OTC reporting issuer, has fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, its securities are not traded on any marketplace, and it is not in default of any securities legislation. The application relied on subsection 4C.5(1) of Multilateral Instrument 11-102 Passport System. The Alberta Securities Commission acted as the principal regulator, and the order also applies in other specified Canadian jurisdictions.
