The Securities Commission has granted Resolute Forest Products Inc. (the Filer) an order to cease being a reporting issuer, meaning it will no longer be subject to public reporting requirements in Canada. This decision is based on the following key points:
1. The Filer is not classified as an OTC reporting issuer under the relevant regulation.
2. The Filer’s securities are held by fewer than 15 security holders in each Canadian jurisdiction and less than 51 worldwide.
3. The Filer’s securities are not traded on any public marketplace in Canada or elsewhere.
4. The Filer has requested to cease being a reporting issuer in all Canadian jurisdictions where it currently holds this status.
5. The Filer is not in violation of any securities legislation.
The order is supported by the Autorité des marchés financiers as the principal regulator, and the decision is consistent with the securities legislation of Quebec and Ontario, specifically referencing the Securities Act (Quebec), CQLR, c. V-1, s. 69, and other related regulations. The outcome is that the Filer is no longer a reporting issuer and is thus relieved from the obligations that come with this status.