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

foreign registrant

In this Instrument: “foreign registrant” means a registrant that is incorporated or organized under the laws of a foreign jurisdiction, unless (a) outstanding voting securities of the registrant 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 registrant are residents of Canada; (ii) more than 50% of the consolidated assets of the registrant are located in Canada; or (iii) the business of the registrant is administered principally in Canada;