Equity monetization transactions are derivative-based transactions that allow an investor to receive a cash amount similar to proceeds of disposition, and to transfer part or all of the economic risk and/or return associated with securities of an issuer, without actually transferring ownership of or control over such securities. (The term “monetization” generally refers to the conversion of an asset (such as securities) into cash.)
You can find more information about how to file insider reports, including insider reports about equity monetization transactions and other derivative-based transactions, in the following materials:
- National Instrument 55-102 System for Electronic Disclosure By Insiders (SEDI) (NI 55-102)
- Companion Policy 55-102CP System for Electronic Disclosure By Insiders (SEDI) (55-102CP)
- National Instrument 55-104 Insider Reporting Requirements and Exemptions (NI 55-104)
- Companion Policy 55-104CP Insider Reporting Requirements and Exemptions (55-104CP)
- CSA Staff Notice 55-315 Frequently Asked Questions about National Instrument 55-104 Insider Reporting Requirements and Exemptions
- CSA Staff Notice 55-316 Questions and Answers on Insider Reporting and the System for Electronic Disclosure by Insiders (SEDI) (SN 55-316)
- SEDI online help relating to Third-Party Derivatives (available by clicking “help” at any time once you are in the SEDI website (www.sedi.ca)).
These materials are available at the websites of the securities regulatory authorities indicated below:
• www.bcsc.bc.ca
• www.albertasecurities.com
• www.sfsc.gov.sk.ca
• www.msc.gov.mb.ca
• www.osc.gov.on.ca
• www.lautorite.qc.ca
• www.nbsc-cvmnb.ca