Companion Policy to National Instrument 55-102 System for Electronic Disclosure by Insiders (SEDI)
Part 6 Collection, Use and Disclosure Of Personal Information
Section 6.2

Purpose of Using Private Information*

For purposes of determining the scope of the exemption from the consent requirement in the Federal Privacy Act discussed in section 6.1, the securities regulatory authority takes the view that the primary purposes for the collection, use and disclosure of personal information relating to insiders of reporting issuers and their securityholdings in these issuers include the following:

(a) protecting the investing public against unfair, improper or fraudulent use of material undisclosed information relating to publicly traded issuers;

(b) enhancing the ability of investors to make well-informed investment decisions;

(c) promoting efficiency in the capital markets;

(d) promoting fair, honest and responsible market practices by market participants; and

(e) promoting confidence in the transparent operation of the capital markets in Canada.

*This title was provided by Lexata; it is not part of the companion policy.