An issuer is qualified to file a prospectus in the form of a short form prospectus for a distribution of convertible debt securities or convertible preferred shares in the local jurisdiction, if the following criteria are satisfied:
(a) the debt securities or the preferred shares are convertible into securities of a credit supporter that has provided full and unconditional credit support for the securities being distributed;
(b) the credit supporter satisfies the criteria in section 2.2 if the word issuer” is replaced with “credit supporter” wherever it occurs.”