National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer
Part 1 Definitions and Interpretation
Section 1.1 Definitions

“intermediary”

(1) In this instrument…“intermediary” means, for a security, a person or company that, in connection with its business, holds the security on behalf of another person or company, and that is not (a) a person or company that holds the security only as a custodian, and is not the registered securityholder of the security nor holding the security as a participant in a depository, (b) a depository, or (c) a beneficial owner of the security;