The Securities Commission has granted The TDL Group Corp. (the Filer) an order to cease being a reporting issuer in all Canadian jurisdictions where it held this status. This decision is based on the Securities Act, R.S.O. 1990, c. S.5, as amended, specifically section 1(10)(a)(ii).
The key points leading to this decision include:
1. The Filer is not an OTC reporting issuer as per Multilateral Instrument 51-105.
2. The Filer’s securities are owned 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 or facility in Canada or elsewhere.
4. The Filer has requested to cease being a reporting issuer in all jurisdictions of Canada where it is recognized as such.
5. The Filer is not in violation of any securities legislation in any jurisdiction.
The Ontario Securities Commission, acting as the principal regulator, has reviewed the application and determined that it meets the necessary criteria under the relevant legislation to approve the Filer’s request.