The Ontario Securities Commission (OSC) granted Tricon Residential Inc.’s application to cease being a reporting issuer in all Canadian jurisdictions. The decision was based on several key facts: Tricon is not an OTC reporting issuer, its securities are owned by 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, and the OSC, as the principal regulator, confirmed that the order met the necessary legislative criteria under the Securities Act, R.S.O. 1990, c. S.5, as amended.
