National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards
Part 1 Definitions and Interpretation
Section 1.1 Definitions

foreign issuer

In this Instrument: “foreign issuer” means an issuer that is incorporated or organized under the laws of a foreign jurisdiction, unless (a) outstanding voting securities of the issuer carrying more than 50% of the votes for the election of directors are beneficially owned by residents of Canada, and (b) any of the following apply: (i) the majority of the executive officers or directors of the issuer are residents of Canada; (ii) more than 50% of the consolidated assets of the issuer are located in Canada; or (iii) the business of the issuer is administered principally in Canada;