The Securities Commission granted Trilogy International Partners Inc.’s application to cease being a reporting issuer in all Canadian jurisdictions. The decision was based on the following key facts: the company’s securities are owned by fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, none of its securities are traded on any marketplace, and the company is not in default of any securities legislation. The relevant regulations underpinning this decision include Multilateral Instrument 11-102 Passport System, National Policy 11-206 Process for Cease to be a Reporting Issuer Applications, and specific sections of the Securities Acts of British Columbia and Ontario.
