Issuers

Corporate Finance

Public Distributions

Under The Securities Act, anyone that intends to sell securities to the public must prepare a detailed disclosure document called a prospectus. Before the securities can be sold, the prospectus must be filed with the MSC for review and be issued a receipt. Commission staff review prospectuses for full, true and plain disclosure of information, as well as compliance with securities legislation.

All public documents filed by reporting issuers are available on the System for Electronic Document Analysis and Retrieval.

Continuous Disclosure

Once an issuer begins selling securities to the public, it has an ongoing obligation to make continuous disclosure filings, such as interim and annual financial statements, interim and annual management discussion and analysis, annual information forms, material change reports, and information circulars. The MSC selects and reviews these continuous disclosure filings for compliance with securities legislation.

All public documents filed by reporting issuers are available on the System for Electronic Document Analysis and Retrieval.

Cease Trade Orders

If a reporting issuer fails to make the required continuous disclosure filings, the MSC may issue a Cease Trade Order that stops all trading of the reporting issuer's securities.

All cease trade orders issued by a Securities Commission are available to you on the Cease Trade Order Database.