(1) An issuer or offeror required to obtain a formal valuation in respect of a transaction shall file a copy of the formal valuation
(a) concurrently with the sending of the disclosure document for the transaction to security holders, or
(b) concurrently with the filing of a material change report for a related party transaction for which no disclosure document is sent to security holders, or if the formal valuation is not available at the time of filing the material change report, as soon as the formal valuation is available.
(2) If the formal valuation is included in its entirety in the disclosure document, an issuer or offeror satisfies the requirement in subsection (1) by filing the disclosure document.