The Ontario Securities Commission OSC Bulletin October 12, 2017 Volume 40, Issue 41 (2017), 40 OSCB...

The Ontario Securities Commission

OSC Bulletin

October 12, 2017

Volume 40, Issue 41

(2017), 40 OSCB

The Ontario Securities Commission administers the Securities Act of Ontario (R.S.O. 1990, c. S.5) and the

Commodity Futures Act of Ontario (R.S.O. 1990, c. C.20)

The Ontario Securities Commission Published under the authority of the Commission by: Cadillac Fairview Tower Thomson Reuters 22nd Floor, Box 55 One Corporate Plaza 20 Queen Street West 2075 Kennedy Road Toronto, Ontario Toronto, Ontario M5H 3S8 M1T 3V4 416-593-8314 or Toll Free 1-877-785-1555 416-609-3800 or 1-800-387-5164 Contact Centre – Inquiries, Complaints: Fax: 416-593-8122 TTY: 1-866-827-1295 Office of the Secretary: Fax: 416-593-2318

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October 12, 2017

(2017), 40 OSCB

Table of Contents

Chapter 1 Notices / News Releases ...................... 8227 1.1 Notices .......................................................... 8227 1.1.1 OSC Staff Notice 11-739 (Revised) – Policy Reformulation Table of Concordance and List of New Instruments .................................. 8227 1.2 Notices of Hearing ......................................... (nil) 1.3 Notices of Hearing with Related Statements of Allegations ............................ (nil) 1.4 News Releases .............................................. (nil) 1.5 Notices from the Office of the Secretary ............................................ 8229 1.5.1 Khalid Walid Jawhari ...................................... 8229 1.6 Notices from the Office of the Secretary with Related Statements of Allegations ............................ (nil) Chapter 2 Decisions, Orders and Rulings ............ 8231 2.1 Decisions ...................................................... 8231 2.1.1 VM Holding S.A. ............................................ 8231 2.1.2 Taiga Building Products Ltd. ........................... 8235 2.1.3 Samco Gold Limited ....................................... 8238 2.2 Orders............................................................ 8243 2.2.1 Sandvine Corporation ..................................... 8243 2.2.2 National Bank of Canada and Canadian Imperial Bank of Commerce – s. 6.1 of NI 62-104 Take-Over Bids and Issuer Bids ......... 8244 2.2.3 The Toronto-Dominion Bank and The Bank of Nova Scotia – s. 6.1 of NI 62-104 Take-Over Bids and Issuer Bids ..................... 8250 2.2.4 The Toronto-Dominion Bank and BMO Nesbitt Burns Inc. – s. 6.1 of NI 62-104 Take-Over Bids and Issuer Bids ..................... 8256 2.2.5 Avnel Gold Mining Limited ............................. 8262 2.2.6 Asiamet Resources Limited ............................ 8263 2.2.7 Sandvine Corporation – s. 1(6) of the OBCA .................................... 8266 2.3 Orders with Related Settlement Agreements .................................................... (nil) 2.4 Rulings ........................................................... (nil) Chapter 3 Reasons: Decisions, Orders and Rulings .................................................... (nil) 3.1 OSC Decisions ............................................... (nil) 3.2 Director’s Decisions ...................................... (nil) 3.3 Court Decisions ............................................. (nil) Chapter 4 Cease Trading Orders ........................... 8267 4.1.1 Temporary, Permanent & Rescinding Issuer Cease Trading Orders ......................... 8267 4.2.1 Temporary, Permanent & Rescinding Management Cease Trading Orders .............. 8267 4.2.2 Outstanding Management & Insider Cease Trading Orders .................................... 8267

Chapter 5 Rules and Policies .................................. (nil) Chapter 6 Request for Comments ........................ 8269 6.1.1 Proposed Amendments to National Instrument 94-101 Mandatory Central Counterparty Clearing of Derivatives and Proposed Changes to Companion Policy 94-101 Mandatory Central Counterparty Clearing of Derivatives ................................... 8269 Chapter 7 Insider Reporting .................................. 8297 Chapter 9 Legislation ............................................... (nil) Chapter 11 IPOs, New Issues and Secondary Financings ............................................. 8419 Chapter 12 Registrations ......................................... 8429 12.1.1 Registrants ..................................................... 8429 Chapter 13 SROs, Marketplaces,

Clearing Agencies and Trade Repositories ............................... 8431

13.1 SROs ............................................................... (nil) 13.2 Marketplaces ................................................ 8431 13.2.1 Nasdaq CXC Limited and Ensoleillement Inc. – Application for Recognition as Exchanges – Notice and Request for Comment .............. 8431 13.2.2 TSX – Housekeeping Amendments to Form 5 – Dividend/Distribution Declaration – Notice of Housekeeping Rule Amendments to the TSX Company Manual ... 8474 13.3 Clearing Agencies ....................................... 8476 13.3.1 The Canadian Depository for Securities Limited and CDS Clearing and Depository Services Inc. – Application to Vary the Recognition Order – Request for Comment ... 8476 13.4 Trade Repositories ........................................ (nil) Chapter 25 Other Information ................................... (nil) Index ............................................................................ 8479

October 12, 2017

(2017), 40 OSCB 8227

Chapter 1

Notices / News Releases 1.1 Notices 1.1.1 OSC Staff Notice 11-739 (Revised) – Policy Reformulation Table of Concordance and List of New Instruments

OSC STAFF NOTICE 11-739 (REVISED)

POLICY REFORMULATION TABLE OF CONCORDANCE AND LIST OF NEW INSTRUMENTS

The following revisions have been made to the Table of Concordance and List of New Instruments. A full version of the Table of Concordance and List of New Instruments as of September 30, 2017 has been posted to the OSC Website at www.osc.gov.on.ca.

Table of Concordance

Item Key

The third digit of each instrument represents the following: 1-National/Multilateral Instrument; 2-National/Multilateral Policy; 3-CSA Notice; 4-CSA Concept Release; 5-Local Rule; 6-Local Policy; 7-Local Notice; 8-Implementing Instrument; 9-Miscellaneous

Reformulation

Instrument Title Status

None

New Instruments


23-318 Withdrawal of Proposed Amendments Regarding Best Execution Disclosure under National Instrument 23-101 Trading Rules

Published July 6, 2017

94-101 National Instrument 94-101 Mandatory Central Counterparty Clearing of Derivatives – Amendments

Commission approval published July 6, 2017

25-101 Designated Rating Organizations – Amendments Published for comment July 6, 2017

21-101 Marketplace Operation – Amendments Published for comment July 6, 2017

31-103 Registration Requirements – Amendments Published for comment July 6, 2017

33-109 Registration Information – Amendments Published for comment July 6, 2017

41-101 General Prospectus Requirements – Amendments Published for comment July 6, 2017

44-101 Short Form Prospectus Distributions – Amendments Published for comment July 6, 2017

44-102 Shelf Distributions – Amendments Published for comment July 6, 2017

45-106 Prospectus Exemptions – Amendments Published for comment July 6, 2017

51-102 Continuous Disclosure Obligations – Amendments Published for comment July 6, 2017

81-102 Investment Funds – Amendments Published for comment July 6, 2017

81-106 Investment Fund Continuous Disclosure – Amendments Published for comment July 6, 2017

Notices / News Releases

October 12, 2017

(2017), 40 OSCB 8228

New Instruments


33-506 (Commodity Futures Act) Registration Information – Amendments

Published for comment July 6, 2017

24-101 Institutional Trade Matching and Settlement – Amendments Ministerial approval published July 13, 2017

33-748 Compliance and Registrant Regulation – Annual Summary Report for Dealers, Advisers and Investment Fund Managers


31-349 Change to Standard Form Reports for Close Supervision and Strict Supervision Terms and Conditions


33-320 The Requirement for True and Complete Applications for Registration


11-739 Policy Reformulation Table of Concordance and List of New Instruments (Revised)


31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations – Amendments


33-109 Registration Information – Amendments Commission approval published July 27, 2017

33-506 (Commodity Futures Act) Registration Information – Amendments


61-302 Staff Review and Commentary on Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions


51-351 Continuous Disclosure Review Program Activities for the fiscal year ended March 31, 2017


46-307 Cryptocurrency Offerings Published August 24, 2017

81-102 Investment Funds – Amendments Commission approval published August 31, 2017

51-728 Corporate Finance Branch 2016-2017 Annual Report Published September 21, 2017

91-102 Prohibition of Binary Options Commission approval published October 6, 2017

For further information, contact: Darlene Watson Project Specialist Ontario Securities Commission 416-593-8148 October 12, 2017


October 12, 2017

(2017), 40 OSCB 8229

1.5 Notices from the Office of the Secretary 1.5.1 Khalid Walid Jawhari

FOR IMMEDIATE RELEASE October 5, 2017

IN THE MATTER OF

KHALID WALID JAWHARI TORONTO – Take notice that the Commission will hold a hearing on October 10, 2017 at 9:30 a.m. at the offices of the Ontario Securities Commission located at 20 Queen Street West, 17th Floor, Toronto, for an appearance in the above named matter. A copy of the Order dated September 26, 2017 is available at www.osc.gov.on.ca. OFFICE OF THE SECRETARY GRACE KNAKOWSKI SECRETARY TO THE COMMISSION For media inquiries: [email protected] For investor inquiries: OSC Contact Centre 416-593-8314 1-877-785-1555 (Toll Free)


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(2017), 40 OSCB 8230

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October 12, 2017

(2017), 40 OSCB 8231

Chapter 2

Decisions, Orders and Rulings 2.1 Decisions 2.1.1 VM Holding S.A. Headnote National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions – National Instrument 43-101 – Applicant granted relief from the requirements of Section 2.2 of NI 43-101 to permit the Filer to include disclosure of certain prior estimates in its initial public offering prospectus and its technical reports which prior estimates do not meet the definition of “historical estimate” as defined in Section 1.1 of NI 43-101. Applicable Legislative Provisions National Instrument 43-101 Standards of Disclosure for Mineral Projects, s. 2.2.

September 21, 2017

IN THE MATTER OF THE SECURITIES LEGISLATION OF

ONTARIO (the Jurisdiction)

AND

IN THE MATTER OF

THE PROCESS FOR EXEMPTIVE RELIEF APPLICATIONS IN MULTIPLE JURISDICTIONS

AND

IN THE MATTER OF VM HOLDING S.A.

(the Filer)

DECISION

Background The principal regulator in the Jurisdiction has received an application from the Filer for a decision under the securities legislation of the Jurisdiction of the principal regulator (the Legislation) granting an exemption (the Exemption Sought) from the requirements of Section 2.2 of National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) to permit the Filer to include disclosure of certain prior estimates in its prospectus and its technical reports which prior estimates do not meet the definition of “historical estimate” as defined in Section 1.1 of NI 43-101 as the Filer owned the relevant properties at the relevant time when the applicable prior estimates were prepared. Under the Process for Exemptive Relief Applications in Multiple Jurisdictions (for a passport application):

(a) the Ontario Securities Commission is the principal regulator for this application; and (b) the Filer has provided notice that Section 4.7(1) of Multilateral Instrument 11-102 – Passport System (MI 11-

102) is intended to be relied upon in British Columbia, Alberta, Saskatchewan, Manitoba, Quebec, New Brunswick, Newfoundland and Labrador, Nova Scotia, Prince Edward Island, Northwest Territories, Yukon and Nunavut.

Furthermore, the principal regulator in the Jurisdiction has received a request from the Filer for a decision that the application and this decision be kept confidential and not be made public until the earlier of: (i) the date on which the Filer publicly discloses the granting of the Exemption Sought; (ii) the date on which the Filer obtains a receipt for a preliminary long form prospectus

Decisions, Orders and Rulings

October 12, 2017

(2017), 40 OSCB 8232

relating to the proposed initial public offering of the Filer (the IPO); (iii) the date on which the Filer advises the principal regulator that there is no longer any need for the application and this decision to remain confidential; and (iv) the date that is 90 days after the date of this decision (the Confidentiality Sought). Interpretation Terms defined in National Instrument 14-101 – Definitions have the same meaning if used in this decision, unless otherwise defined. Representations This decision is based on the following facts represented by the Filer: 1. The Filer is a public limited liability company (société anonyme) organized under the laws of Luxembourg. 2. The registered office of the Filer is located at 26 28 rue Edward Steichen, L 2540 Luxembourg, Grand Duchy of

Luxembourg. 3. The Filer is, and through its predecessor entities has been, a large scale, low cost integrated zinc producer with over

60 years of experience developing and operating mining assets in Latin America. Of relevance to this application are five mines that are owned and operated by the Filer, three located in the Central Andes of Peru and two located in the state of Minas Gerais in Brazil.

4. The Filer is, and through its predecessor entities has been for many years, a “producing issuer” for the purposes of NI

43-101. 5. The Filer is contemplating (i) a concurrent initial public offering of its common shares in the United States, and in each

of the Jurisdictions and (ii) a concurrent listing of its common shares on the New York Stock Exchange and the Toronto Stock Exchange.

6. Following its IPO, in the Jurisdictions the Filer will be a “SEC foreign issuer” as such term is defined in National

Instrument 71-102 Continuous Disclosure and Other Exemptions Relating to Foreign Private Issuers, and in the United States the Filer will be a “foreign private issuer” within the meaning of Rule 405 under the Securities Exchange Act of 1934, as amended, of the United States of America.

7. The Filer is not currently a reporting issuer in any of the Jurisdictions. 8. Among other mining and development properties, the Filer owns and operates the following (each a “Property” and

collectively the “Properties”): a. the Cerro Lindo mine, Chavin District, Chincha Province, Peru; b. the El Porvenir mine, Pasco, Peru; c. the Atacocha mine, Pasco, Peru; d. the Vazante mine, Minas Gerais State, Brazil; and e. the Morro Agudo mine, Minas Gerais State, Brazil.

9. Each of the Properties is either a primarily underground mining operation or includes underground mining operations. 10. As prescribed by applicable prospectus form requirements and NI 43-101, the Filer intends to include in its Prospectus

disclosure relating to each of the Properties, which will be supported by an independent technical report prepared in accordance with NI 43-101.

11. Mineral resource and ore reserve estimates (the “prior estimates”) for each of the Properties were prepared by staff of

the Filer using the confidence categories set out in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, Joint Ore Reserves Committee (JORC) Code. The Filer will not be treating such prior estimates as current estimates.


October 12, 2017

(2017), 40 OSCB 8233

12. In respect of the requirements under Section 2.2 of NI 43-101 relating to disclosure of information about a mineral resource or mineral reserve, Section 2.4 of NI 43-101 permits issuers to disclose a “historical estimate” using the original terminology provided the requirements of Subsections 2.4 (a) to (g) are satisfied.

13. Pursuant to Section 4.3 of NI 43-101, a technical report that is required to be filed under Part 4 of NI 43-101 must be

filed in accordance with Form 43-101F1 – Technical Report (“Form 43-101F1”). Item 6(c) of Form 43-101F1 requires disclosure of any significant historical mineral resource and mineral reserve estimates in accordance with Section 2.4 of NI 43-101. Item 24 of Form 43-101 requires disclosure of additional information necessary to make the technical report understandable and not misleading.

14. A “historical estimate” is defined in Section 1.1 of NI 43-101 as an “estimate of the quantity, grade, or metal or mineral

content of a deposit that an issuer has not verified as a current mineral resource or mineral reserve, and which was prepared before the issuer acquiring, or entering into an agreement to acquire, an interest in the property that contains the deposit”.

15. The prior estimates proposed to be disclosed by the Filer pertaining to Properties were not prepared prior to the Filer

“acquiring, or entering into an agreement to acquire, an interest in the properties” but rather were prepared in all cases when the Properties were owned by the Filer.

16. The prior estimates meet the definition of historical estimate in Section 1.1 of NI 43-101 but for the ownership by the

Issuer of the Properties at the time the historical estimates were prepared. Furthermore, the disclosure of the prior estimates will otherwise comply with the exemption under Section 2.4 of NI 43-101, as the prospectus and the technical reports will: a. identify the source and date of the prior estimate, including any existing technical report; b. comment on the relevance and reliability of the historical estimate; c. to the extent known, provide the key assumptions, parameters, and methods used to prepare the prior

estimate; d. state whether the prior estimate uses categories other than the ones set out in Sections 1.2 and 1.3 of NI 43-

101 and, if so, include an explanation of the differences; e. include any more recent estimates or data available to the Filer; f. comment on what work needs to be done to upgrade or verify the prior estimate as current mineral resources

or mineral reserves; and g. state with equal prominence that:

i. a qualified person has not done sufficient work to classify the prior estimate as current mineral resources or mineral reserves; and

ii. the Filer is not treating the prior estimate as current mineral resources or mineral reserves.

17. The Filer will include current estimates of mineral reserves and resources for the Properties in compliance with NI 43-

101. However, given the geological nature (i.e., narrow vein or tabular bodies of mineralization) of the Properties and the practical and economic limitations associated with surface and underground drilling, both of which result in meaningful limitations on the total amount of mineral reserves and mineral resources that can practically be defined by the Filer, the Filer submits that its current estimates of mineral reserves and resources as estimated under NI 43-101 represent incomplete disclosure without the benefit of the historical context provided by the prior estimates. In this regard, the Filer considers the prior estimates to be useful disclosure for investors for the purpose of illustrating the Filer’s past ability to replenish and in some cases grow mineral reserves and mineral resources depleted through normal course mining activities over time, which replenishment is consistent with the Filer’s understanding and the understanding of the independent authors of the technical reports, of the geological nature of the mineralization underlying the Properties.

Decision The principal regulator is satisfied that the decision meets the test set out in the Legislation for the principal regulator to make the decision.


October 12, 2017

(2017), 40 OSCB 8234

The decision of the principal regulator under the Legislation is that the Exemption Sought is granted provided that disclosure relating to the prior estimates in the prospectus and the technical reports complies with Section 2.4 (a) through (g) of NI 43-101. Furthermore, the decision of the principal regulator is that the Confidentiality Sought is granted. “Jo-Anne Matear” Manager, Corporate Finance Branch Ontario Securities Commission


October 12, 2017

(2017), 40 OSCB 8235

2.1.2 Taiga Building Products Ltd. Headnote National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions – Relief from prospectus requirements with respect to common shares issued pursuant to an offer to redeem notes in exchange for the common shares, subject to conditions – the exchange offer does not meet the definition of an issuer bid under the legislation and no exemption from the prospectus requirement is available; the issuer will treat the exchange offer as if it were an issuer bid and comply with the requirements under securities legislation applicable to issuer bids. Applicable Legislative Provisions Securities Act, R.S.O. 1990, c. S.5, as am., ss. 53 and 74(1).

September 22, 2017


BRITISH COLUMBIA AND ONTARIO (the Jurisdictions)

AND

IN THE MATTER OF THE PROCESS FOR EXEMPTIVE RELIEF APPLICATIONS

IN MULTIPLE JURISDICTIONS

AND

IN THE MATTER OF TAIGA BUILDING PRODUCTS LTD.

(the Filer)

DECISION

Background 1 The securities regulatory authority or regulator in each of the Jurisdictions (Decision Maker) has received an application

from the Filer for a decision under the securities legislation of the Jurisdictions (the Legislation) that: (a) the prospectus requirements under the Legislation (the Prospectus Requirements) do not apply to

distributions by the Filer of common shares (Common Shares) and/or new notes (New Notes) in connection with an exchange offer (the Exchange Offer) by the Filer to the holders of 14% subordinated unsecured notes of the Filer (the Existing Notes) to purchase the Existing Notes in exchange for Common Shares and/or New Notes (the Exemption Sought); and

(b) this decision and accompanying application (the Confidential Material) be kept confidential and not be made

public until the earlier of:

(i) the date that the Filer publicly announces the mailing of its management information circular in respect of a special meeting for the purposes of seeking the Minority Approval (as defined below),

(ii) the date that the Filer advises the Decision Maker that there is no longer any need for the

Confidential Material to remain confidential, and (iii) the date that is 90 days after the date of this order

(the Confidentiality Relief).

Under the Process for Exemptive Relief Applications in Multiple Jurisdictions (for a dual application):

(a) the British Columbia Securities Commission is the principal regulator for this application;


October 12, 2017

(2017), 40 OSCB 8236

(b) the Filer has provided notice that section 4.7(1) of Multilateral Instrument 11-102 Passport System (MI-11-102) is intended to be relied upon in Alberta, Saskatchewan, Manitoba, Québec, Nova Scotia, New Brunswick, Prince Edward Island, Newfoundland and Labrador, Yukon Territory, Northwest Territories and Nunavut (each a Local Jurisdiction); and

(c) the decision is the decision of the principal regulator and evidences the decision of the securities regulatory

authority or regulator in Ontario. Interpretation 2 Terms defined in National Instrument 14-101 Definitions and MI 11-102 have the same meaning in this decision unless

they are otherwise defined in this decision. Representations 3 This decision is based on the following facts represented by the Filer:

1. the Filer is a company formed under the laws of British Columbia; the Filer’s head office is located at 4710

Kingsway, Burnaby, British Columbia, V5H 4M2; 2. the Filer is a reporting issuer in the Jurisdictions and each of the provinces of Canada, other than Québec,

and is not in default of any requirement of the securities legislation in any of these jurisdictions; 3. the Filer currently has 32,414,278 Common Shares and $128,834,218 aggregate principal amount of Existing

Notes outstanding; 4. the Common Shares and Existing Notes are listed and posted for trading through the facilities of the Toronto

Stock Exchange (the TSX) under the symbols “TBL” and “TBL.NT”, respectively; 5. the Existing Notes became redeemable at par commencing September 1, 2017; 6. in order to provide the Filer with increased financial flexibility, lower cost of capital and long-term stability to its

overall capital structure, the Filer wishes to commence the Exchange Offer for all of the Existing Notes under which a holder of Existing Notes would receive, in exchange for Existing Notes: (a) an equivalent principal amount of New Notes, (b) Common Shares at a share exchange price within the permitted range under TSX policies, or (c) a combination of New Notes and Common Shares;

7. the Exchange Offer will involve the potential issuance of securities to certain related parties of the Filer that

own Existing Notes and elect to participate in the Exchange Offer (the Interested Parties); the issuance of Common Shares to the Interested Parties in connection with the Exchange Offer would constitute a related party transaction under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (MI 61-101);

8. but for the fact that the Existing Notes are debt securities that are not convertible into securities other than

debt securities, the Exchange Offer would constitute an issuer bid under National Instrument 62-104 Take-Over Bids and Issuer Bids (NI 62-104);

9. notwithstanding that the Exchange Offer is not an issuer bid, the Filer intends to treat the Exchange Offer as if

it were an issuer bid; in particular, the Filer intends to comply with the requirements relating to issuer bids under NI 62-104, including, but not limited to, notice requirements, the delivery of a circular in accordance with the prescribed form of issuer bid circular to holders of Existing Notes and the provision of withdrawal rights;

10. participation in the Exchange Offer by holders of Existing Notes is optional and at the sole discretion of such

holders; holders of Existing Notes that elect not to participate in the Exchange Offer will continue to hold such Existing Notes, which will mature on the applicable maturity date, unless earlier redeemed, and continue to be entitled to all rights and privileges under the instrument governing their terms; holders of Existing Notes that elect to participate in the Exchange Offer will receive: (a) a cash payment representing accrued and unpaid interest (if any) to, but not including, the date of take up of the Existing Notes, and (b) consideration consisting of either New Notes, Common Shares or a combination thereof, as elected by such holder;

11. the Filer will not treat the Exchange Offer as an issuer bid exempt from the Legislation or the securities

legislation of a Local Jurisdiction, except to the extent that such exemption is evidenced by a decision document from the Decision Makers or a securities regulatory authority in a Local Jurisdiction, as applicable;


October 12, 2017

(2017), 40 OSCB 8237

12. section 2.16 of National Instrument 45-106 Prospectus Exemptions provides that the Prospectus Requirements do not apply in respect of a trade in a security in connection with an issuer bid; accordingly, if the Exchange Offer constituted an issuer bid, the New Notes and/or Common Shares that would be distributed in connection with the Exchange Offer would be exempt from the Prospectus Requirements; and

13. in accordance with MI 61-101, the Filer will seek minority shareholder approval (the Minority Approval) in

respect of the potential issuance of Common Shares to the Interested Parties in connection with the Exchange Offer, as such issuance will constitute a related party transaction and no exemption is available; such minority shareholder approval shall exclude votes cast by the Interested Parties to the extent they hold Common Shares at the meeting of shareholders convened for such purpose; the Filer will prepare and mail to its shareholders an information circular in respect of a special meeting for the purposes of seeking the Minority Approval that will comply with the disclosure requirements in MI 61-101 in respect of related party transactions.

Decision 4 Each of the Decision Makers is satisfied that the decision meets the test set out in the Legislation for the Decision

Maker to make the decision. The decision of the Decision Maker under the Legislation is that the Exemption Sought is granted, provided that:

(a) the Filer treats the Exchange Offer as if it were an issuer bid and complies with the requirements of the Legislation applicable to issuer bids; and

(b) the first trade of any Common Shares or New Notes issuable in connection with the Exchange Offer

will be a distribution unless

(i) the Filer has filed on SEDAR a circular in accordance with the prescribed form of issuer bid circular relating to the Exchange Offer;

(ii) the trade is not a “control distribution” as defined in National Instrument 45-102 Resale of

Securities; and (iii) the Filer was a reporting issuer on the date the Existing Notes were first taken up under the

Exchange Offer.

It is also the decision of the Decision Makers that the Confidentiality Relief is granted. “John Hinze” Director, Corporate Finance British Columbia Securities Commission


October 12, 2017

(2017), 40 OSCB 8238

2.1.3 Samco Gold Limited Headnote Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions and National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions – exemption from the requirement to call a shareholders’ meeting to consider a proposed related party transaction and to send an information circular to such shareholders – proposed transaction pursuant to which, among other things, a wholly-owned subsidiary will be transferred to a related party and persons acting jointly with the related party, and the shares of the issuer held by the related party and persons acting jointly with the related party will be acquired by the issuer for cancellation, constitutes a related party transaction subject to the minority approval requirement under MI 61-101 – issuer disclosed the details of the proposed related party transaction in a material change report and disclosure document filed on SEDAR, both of which contained the applicable information required by MI 61-101 – issuer has received comfort from disinterested shareholders holding a majority of the common shares of the issuer eligible to be counted in determining minority approval under Part 8 of MI 61-101 that they will provide signed written consents to the proposed related party transaction – disclosure document was provided to each shareholder from whom consent is being sought – exemption sought granted, subject to conditions, including that the issuer will not close the proposed transaction unless and until (i) the consenting parties have had 14 days to review the disclosure document, and (ii) 14 days have elapsed from the date the last of the disclosure document, form of written consent and material change report was filed on SEDAR. Statutes Cited Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions , ss. 5.3, 5.6, 8.1 and 9.1(2). Companion Policy 61-101CP to Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions,

s. 3.1.

October 4, 2017


ONTARIO (the Jurisdiction)

AND

IN THE MATTER OF

THE PROCESS FOR EXEMPTIVE RELIEF APPLICATIONS IN MULTIPLE JURISDICTIONS

AND

IN THE MATTER OF

SAMCO GOLD LIMITED (the Filer)

DECISION

Background The principal regulator in the Jurisdiction has received an application from the Filer for a decision under the securities legislation of the Jurisdiction of the principal regulator (the Legislation) pursuant to section 9.1 of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (MI 61-101) exempting the Filer from the requirement in subsection 5.3(2) of MI 61-101 to call a meeting of holders of common shares of the Filer (the Common Shares, and such holders, the Shareholders) to consider a proposed related party transaction and to send an information circular to such holders (the Exemption Sought). Under the Process for Exemptive Relief Applications in Multiple Jurisdictions (for a passport application):

(a) the Ontario Securities Commission is the principal regulator for this application, and (b) the Filer has provided notice that section 4.7(1) of Multilateral Instrument 11-102 Passport System (MI 11-102)

is intended to be relied upon in Alberta, Manitoba and New Brunswick.


October 12, 2017

(2017), 40 OSCB 8239

Interpretation Terms defined in National Instrument 14-101 Definitions, MI 11-102, and MI 61-101 have the same meaning if used in this decision, unless otherwise defined. Representations This decision is based on the following facts represented by the Filer: 1. The Filer is a corporation existing under the laws of the British Virgin Islands. The head office of the Filer is located at 3

Hanover Square, 4th Floor, London, England, W1S 1HD. 2. The Filer is a reporting issuer in the provinces of Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, Nova

Scotia, New Brunswick, Prince Edward Island, and Newfoundland and Labrador and is not in default of securities legislation in any such jurisdiction.

3. The authorized capital of the Filer consists of an unlimited number of Common Shares, each of which carries the right

to one vote at all meetings of Shareholders. As at September 13, 2017, a total of 65,076,075 Common Shares were issued and outstanding. The Common Shares are listed and posted for trading on the TSX Venture Exchange (the TSXV) under the symbol “SGA”.

4. On September 13, 2017, the Filer announced that it entered into a definitive agreement with Ricardo Auriemma, María

Amalia Leguizamón (Ms. Leguizamón), Estanislao Auriemma, Martin Auriemma, Facundo Auriemma, Anoki Venture Ltd., and Safyre Management Ltd. (collectively, the Auriemma Shareholders) pursuant to which (a) the Filer will dispose of all of the shares of its wholly-owned Argentinean subsidiary, 5R S.A. (such shares, the 5R Shares), which is the registered titleholder of the Filer’s El Dorrado Monserrat properties in Santa Cruz, Argentina (the EDM Properties), (b) all of the Common Shares held by the Auriemma Shareholders will be returned to the Filer for cancellation (the Share Cancellation), (c) the Litigation Claims (as defined below) will be withdrawn, and the parties to the Litigation Claims will release each other from all claims in connection therewith, and (d) the Filer will retain a 1.5% net smelter return royalty over the EDM Properties (such transactions collectively, the Proposed Transaction).

5. One of the conditions of the Proposed Transaction is the amendment of the participation and option agreement dated

January 10, 2014 between Ricardo Auriemma and the Filer (the PO Agreement) such that, inter alia, the quantum of expenses payable by Ricardo Auriemma to the Filer pursuant to the PO Agreement, which had been the subject of dispute between the parties, be fixed at US$200,000.

6. A material change report in respect of the Proposed Transaction that contains the information required by section 5.2 of

MI 61-101 (the Material Change Report) was filed on the System for Electronic Document Analysis and Retrieval (SEDAR) on September 19, 2017.

7. Estanislao Auriemma was the President of two wholly-owned subsidiaries of the Filer, 5R S.A. and of Samco Gold S.A.

(SGSA), until his dismissal from such positions in June 2016 and May 2016, respectively. In September 2016, Estanislao Auriemma filed a lawsuit against the Filer in Argentina for loss of office claiming an unspecified amount for unpaid salaries, fines and damages (the Estanislao Litigation).

8. Each of Martin Auriemma and Facundo Auriemma were employed by SGSA to provide technical geological services

until their termination in October 2015. In August 2016, Martin Auriemma and Facundo Auriemma filed a lawsuit in Argentina against the Filer alleging wrongful dismissal and claiming damages of approximately US$400,000 in the aggregate (the Martin and Facundo Litigation, and together with the Estanislao Litigation, the Litigation Claims).

9. The Filer deemed the Litigation Claims to be without merit and took actions to defend such claims in the Argentinean

courts. Notwithstanding the Filer’s position on the merits of the Litigation Claims, the Filer engaged in settlement discussions with the Auriemma Shareholders in an attempt to arrive at an acceptable and expedient resolution of the Litigation Claims, which discussions culminated in the Proposed Transaction.

10. At a meeting of the board of directors of the Filer (the Board) held on April 14, 2017, management of the Filer

presented the Proposed Transaction (including a draft letter of intent describing the material terms of the Proposed Transaction (the Letter of Intent)) to the Board. Michel Marier, an employee of Sentient Executive GP IV, Limited (Sentient), the general partner of Sentient Global Resources Fund IV, L.P. (the Sentient Fund), which will own or control more than 20% of the outstanding Common Shares and become a “Control Person” of the Filer (as that term is defined in the policies of the TSXV) as a result of the Share Cancellation, declared his interest in the Proposed Transaction and abstained from voting on the resolution authorizing the Filer to proceed with the Proposed Transaction (the Transaction Resolution). Charles Koppel (Mr. Koppel), Executive Chairman and Chief Executive Officer of the


October 12, 2017

(2017), 40 OSCB 8240

Filer, also abstained from voting on the Transaction Resolution in light of the possibility that, when aggregated with other transactions then contemplated by the Filer but which were ultimately not pursued, the Proposed Transaction could result in him owning or controlling greater than 20% of the outstanding Common Shares. Accordingly, John Hick (Mr. Hick) and Kevin Tomlinson, the remaining independent directors of the Filer, neither of whom are interested parties in respect of the Proposed Transaction, considered, voted upon and approved the Transaction Resolution and authorized and directed the Letter of Intent to be delivered to the Auriemma Shareholders in the form presented to the Board.

11. The definitive agreement evidencing the Proposed Transaction is substantially the same as the Letter of Intent, with no

material changes having been made to the terms set out in the Letter of Intent, and was negotiated by Mr. Hick, in his capacity as chair of the Filer’s audit committee, with the advice of legal counsel to the Filer.

12. The Auriemma Shareholders have represented to the Filer that they have beneficial ownership of, or control or

direction over, 18,450,000 Common Shares, representing approximately 28.4% of the issued and outstanding Common Shares.

13. The Share Cancellation is not an “issuer bid” under the Legislation as none of the Auriemma Shareholders is resident

in any province or territory of Canada. 14. Ms. Leguizamón, one of the Auriemma Shareholders, directly or indirectly, beneficially owns, or has control or direction

over, an aggregate of 14,500,000 Common Shares, representing approximately 22.3% of the issued and outstanding Common Shares. Accordingly, Ms. Leguizamón is a “control person” of the Filer under the Legislation and a related party of the Filer for the purposes of MI 61-101. The Filer believes that the Auriemma Shareholders are acting jointly or in concert with each other.

15. As one of the Auriemma Shareholders is a related party of the Filer, the Proposed Transaction constitutes a related

party transaction for the purposes of MI 61-101, requiring the provision of a formal valuation and the receipt of minority approval in the absence of exemptions therefrom.

16. The Proposed Transaction is exempt from the formal valuation requirement set out in section 5.4 of MI 61-101 pursuant

to paragraph 5.5(b) of MI 61-101. However, there are no exemptions available from the minority approval requirement set out in 5.6 of MI 61-101 in respect of the Proposed Transaction. Accordingly, the Filer is required by section 5.6 of MI 61-101 to obtain minority approval for the Proposed Transaction in accordance with Part 8 of MI 61-101 (the Minority Approval).

17. Subsection 5.3(2) of MI 61-101 requires that issuers proposing to carry out a related party transaction in respect of

which minority approval is required under section 5.6 of MI 61-101 call a meeting of holders of the affected securities and send an information circular to those holders.

18. The Filer will obtain Minority Approval in respect of the Proposed Transaction by way of written consent as opposed to

at a meeting of Shareholders. 19. As at September 13, 2017, 46,626,075 Common Shares, or approximately 71.6% of the issued and outstanding

Common Shares, were held by persons who are not interested parties, related parties of interested parties, or joint actors with interested parties or related parties of interested parties in respect of the Proposed Transaction.

20. Mr. Koppel has beneficial ownership of, or control or direction over, 8,373,085 Common Shares. Sentient, as general

partner of the Sentient Fund, has beneficial ownership of, or control or direction over, 12,949,200 Common Shares. The Filer has received comfort from Mr. Koppel and Sentient, as well as one other Shareholder with beneficial ownership of, or control or direction over, 4,200,000 Common Shares (such party together with Mr. Koppel and Sentient, the Consenting Parties and each a Consenting Party) that each of them will consent to the Proposed Transaction and will evidence such consent by executing the form of written consent (the Consent) accompanying the Disclosure Document (as defined below).

21. No Consenting Party is: (a) an interested party; (b) a related party of an interested party, unless the related party meets

that description solely in its capacity as a director or senior officer of one or more entities that are neither interested parties nor issuer insiders of the Filer; or (c) a joint actor with a person or company referred to in (a) or (b) above in respect of the Proposed Transaction.

22. No Consenting Party (including those Consenting Parties that are not related parties of the Filer) has received, or will

receive, any collateral benefit in respect of the Proposed Transaction or in connection with agreeing to execute the Consent.


October 12, 2017

(2017), 40 OSCB 8241

23. In aggregate, the Consenting Parties have beneficial ownership of, or control or direction over, 25,522,285 Common Shares, representing approximately 39.2% of the issued and outstanding Common Shares on a non-diluted basis and approximately 54.7% of the issued and outstanding Common Shares held by Shareholders eligible to provide the Minority Approval required for the Proposed Transaction, which exceeds the simple majority requirement set out in MI 61-101 for such approval.

24. Each of the Consenting Parties whose consent for the Proposed Transaction is being sought was provided with a copy

of the Consent and a news release pertaining to the Proposed Transaction whose contents satisfy and comply with the disclosure requirements set out in subsection 5.3(3) of MI 61-101 (the Disclosure Document). The Disclosure Document and Consent set out the relevant details of the Proposed Transaction and included an acknowledgement from the Consenting Party that such Consenting Party has had a minimum of 14 days to review the Disclosure Document.

25. In addition to the Minority Approval, the Proposed Transaction will also require:

(a) the approval of a majority of Shareholders pursuant to section 175 of the Business Companies Act, 2004

(British Virgin Islands) (the BVI Approval); (b) the approval of disinterested Shareholders pursuant to TSXV Policy 5.3 – Acquisitions and Dispositions of

Non-Cash Assets on the basis that (i) the Proposed Transaction constitutes a sale of more than 50% of the Filer’s assets to one or more “Non-Arm’s Length Party” and to “associates” of such Non-Arm’s Length Party (as those terms are defined in the TSXV Corporate Finance Manual), and (ii) satisfactory evidence of value in the form required by the TSXV was not provided to the TSXV in connection with the Proposed Transaction (together, the TSXV Disposition Approval); and

(c) the approval of disinterested Shareholders pursuant to TSXV Policy 3.2 – Filing Requirements and

Continuous Disclosure on the basis that, as a result of the Proposed Transaction, Sentient will own or control more than 20% of the outstanding Common Shares, which will constitute a change of control of the Filer within the meaning of that term under the policies of the TSXV (the TSXV Change of Control Approval, and together with the TSXV Disposition Approval, the TSXV Approvals).

26. The BVI Approval may be evidenced by written consent of a majority of Shareholders and the Filer has obtained

comfort that it will obtain written consents sufficient to satisfy the BVI Approval. In accordance with the requirements of the Business Companies Act, 2004 (British Virgin Islands), the Filer will provide a copy of the form of resolution used for the purposes of the BVI Approval to all Shareholders, including those from whom written consent was not sought.

27. The TSXV has confirmed to the Filer that the TSXV Approvals may be evidenced by the written consent of a majority of

Shareholders excluding (a) the Auriemma Shareholders, in the case of the TSXV Disposition Approval, and (b) Sentient, in the case of the TSXV Change of Control Approval. The Filer has obtained comfort that it will obtain written consents sufficient to satisfy each of the TSXV Approvals.

28. On September 13, 2017, the Filer filed copies of the Disclosure Document and form of Consent on SEDAR. The Filer

will send a copy of the Disclosure Document to any Shareholder who requests a copy. 29. The Filer will not close the Proposed Transaction unless and until (a) the Consenting Parties have had 14 days to

review the Disclosure Document, and (b) 14 days have elapsed from the date the latest of the Disclosure Document, Consent and Material Change Report was filed on SEDAR.

Decision The principal regulator is satisfied that the decision meets the test set out in the Legislation for the principal regulator to make the decision. The decision of the principal regulator under the Legislation is that the Exemption Sought is granted provided that:

(a) the Filer has received executed Consents from Shareholders representing a majority of Shareholders eligible to provide the Minority Approval required for the Proposed Transaction;

(b) each Consenting Party received a copy of the Consent and Disclosure Document; (c) the Disclosure Document contains the information required pursuant to section 5.3 of MI 61-101 and also

discloses that:


October 12, 2017

(2017), 40 OSCB 8242

(i) the Filer will be obtaining Minority Approval by way of written consent; (ii) written consent will be obtained from the Consenting Parties; and (iii) the Filer has applied for the Exemption Sought;

(d) no Consenting Party (including those Consenting Parties that are not related parties of the Filer) has received, or will receive, any collateral benefit in respect of the Proposed Transaction or in connection with agreeing to execute the Consent;

(e) the Filer will not close the Proposed Transaction unless and until (i) the Consenting Parties have had 14 days

to review the Disclosure Document, and (ii) 14 days have elapsed from the date the latest of the Disclosure Document, Consent and Material Change Report was filed on SEDAR;

(f) a copy of the Disclosure Document will be sent to any Shareholder who requests a copy; (g) each Consenting Party receives a copy of this decision; (h) the Filer has obtained written consents sufficient to satisfy the BVI Approval and a copy of the form of

resolution used for the purposes of the BVI Approval will be delivered to all Shareholders in accordance with the laws of the British Virgin Islands, including those Shareholders from whom written consent was not sought;

(i) the Filer has obtained written consents sufficient to satisfy each of the TSXV Approvals; and (j) there are no other approvals required in respect of the Proposed Transaction which must be obtained at a

meeting of Shareholders and are not permitted to be evidenced by written consent. “Naizam Kanji” Director, Office of Mergers & Acquisitions Ontario Securities Commission


October 12, 2017

(2017), 40 OSCB 8243

2.2 Orders 2.2.1 Sandvine Corporation Headnote National Policy 11-206 Process for Cease to be a Reporting Issuer Applications – The issuer ceases to be a reporting issuer under securities legislation. Applicable Legislative Provisions Securities Act, R.S.O. 1990, c. S.5, as am., s. 1(10)(a)(ii).

October 5, 2017


ONTARIO (THE JURISDICTION)

AND

IN THE MATTER OF

THE PROCESS FOR CEASE TO BE A REPORTING ISSUER APPLICATIONS

AND

IN THE MATTER OF

SANDVINE CORPORATION (THE FILER)

ORDER

Background The principal regulator in the Jurisdiction has received an application from the Filer for an order under the securities legislation of the Jurisdiction of the principal regulator (the Legislation) that the Filer has ceased to be a reporting issuer in all jurisdictions of Canada in which it is a reporting issuer (the Order Sought). Under the Process for Cease to be a Reporting Issuer Applications (for a passport application):

(a) the Ontario Securities Commission is the principal regulator for this application, and

(b) the Filer has provided notice that sub-

section 4C.5(1) of Multilateral Instrument 11-102 Passport System (MI 11-102) is intended to be relied upon in British Columbia, Alberta, Saskatchewan, Mani-toba, Québec, New Brunswick, Nova Scotia, Prince Edward Island, New-foundland and Labrador, Northwest Territories, Yukon and Nunavut.

Interpretation Terms defined in National Instrument 14-101 Definitions and MI 11-102 have the same meaning if used in this order, unless otherwise defined. Representations This order is based on the following facts represented by the Filer: 1. the Filer is not an OTC reporting issuer under

Multilateral Instrument 51-105 Issuers Quoted in the US Over-the-Counter Markets;

2. the outstanding securities of the Filer, including

debt securities, are beneficially owned, directly or indirectly, by fewer than 15 securityholders in each of the jurisdictions of Canada and fewer than 51 securityholders in total worldwide;

3. no securities of the Filer, including debt securities,

are traded in Canada or another country on a marketplace as defined in National Instrument 21-101 Marketplace Operation or any other facility for bringing together buyers and sellers of securities where trading data is publicly reported;

4. the Filer is applying for an order that the Filer has

ceased to be a reporting issuer in all of the jurisdictions of Canada in which it is a reporting issuer; and

5. the Filer is not in default of securities legislation in

any jurisdiction. Order The principal regulator is satisfied that the order meets the test set out in the Legislation for the Principal Regulator to make the order. The decision of the principal regulator under the Legislation that the Order Sought is granted. “Jo-Anne Matear” Manager, Corporate Finance Ontario Securities Commission


October 12, 2017

(2017), 40 OSCB 8244

2.2.2 National Bank of Canada and Canadian Imperial Bank of Commerce – s. 6.1 of NI 62-104 Take-Over Bids and Issuer Bids

Section 6.1 of NI 62-104 – Issuer bid – relief from the requirements applicable to issuer bids in Part 2 of NI 62-104 – issuer proposes to purchase, pursuant to a repurchase program and at a discounted purchase price, up to a specified number of its common shares under its normal course issuer bid from a third party – the third party will abide by the requirements governing normal course issuer bids as though it was the issuer, subject to certain modifications, including that the third party will not make any purchases under the program pursuant to a pre-arranged trade – common shares delivered to the issuer for cancellation will be common shares from the third party's existing inventory – due to the discounted purchase price, the common shares cannot be acquired through the TSX trading system – but for the fact that the common shares cannot be acquired through the TSX trading system, the Issuer could otherwise acquire such shares in accordance with TSX rules and in reliance upon the issuer bid exemption available under section 4.8 of NI 62-104 – the third party will purchase common shares under the program on the same basis as if the issuer had conducted the bid in reliance on the normal course issuer bid exemptions set out in securities legislation – no adverse economic impact on, or prejudice to the issuer or its security holders – acquisition of securities exempt from the requirements applicable to issuer bids in Part 2 of NI 62-104, subject to conditions, including that the number of common shares transferred by the third party from its existing inventory to the issuer for purchase under the program be equivalent to the number of common shares that the third party has purchased, or had purchased on its behalf, on Canadian markets. Applicable Legislative Provisions National Instrument 62-104 Take-Over Bids and Issuer Bids, Part 2 and s. 6.1.

IN THE MATTER OF THE SECURITIES ACT,

R.S.O. 1990, c. S.5, AS AMENDED

AND

IN THE MATTER OF NATIONAL BANK OF CANADA AND

CANADIAN IMPERIAL BANK OF COMMERCE

ORDER (Section 6.1 of National Instrument 62-104)

UPON the application (the “Application”) of National Bank of Canada (the “Issuer”) and Canadian Imperial Bank of Commerce (“CIBC”, and together with the Issuer, the “Filers”) to the Ontario Securities Commission (the “Commission”) for an order pursuant to section 6.1 of National Instrument 62-104 Take-Over Bids and Issuer Bids (“NI 62-104”) exempting the Issuer from the requirements applicable to issuer bids in Part 2 of NI 62-104 (the “Issuer Bid Requirements”) in respect of the proposed purchases by the Issuer of up to 1,000,000 (the “Program Maximum”) of its common shares (the “Common Shares”) from CIBC pursuant to a share repurchase program (the “Program”); AND UPON considering the Application and the recommendation of staff of the Commission; AND UPON the Issuer having represented to the Commission the matters set out in paragraphs 1, 2, 3, 4, 10 to 20, inclusive, 22 to 29, inclusive, 33, 35, 37, 38, 39, 41 and 42; AND UPON CIBC and CIBC World Markets Inc. (“CIBCWI”, and together with CIBC, the “CIBC Entities”) having represented to the Commission the matters set out in paragraphs 5, 6, 7, 8, 9, 20 to 23, inclusive, 28, 30 to 34, inclusive, 36, 40, 42 and 43 as they relate to the CIBC Entities; 1. The Issuer is a Schedule I bank governed by the Bank Act (Canada). 2. The registered and head office of the Issuer is located at 600 de La Gauchetière Street West, 4th Floor, Montréal,

Quebec, H3B 4L2. 3. The Issuer is a reporting issuer in each of the provinces and territories of Canada (the “Jurisdictions”) and the

Common Shares are listed for trading on the Toronto Stock Exchange (the “TSX”) under the symbol “NA”. The Issuer is not in default of any requirement of the securities legislation of the Jurisdictions.

4. The authorized share capital of the Issuer consists of: (a) an unlimited number of Common Shares; (b) an unlimited

number of first preferred shares without par value, issuable for a maximum aggregate consideration of $5,000,000,000,


October 12, 2017

(2017), 40 OSCB 8245

or the equivalent thereof in foreign currencies, issuable in series; and (c) 15,000,000 second preferred shares without par value, and issuable for a maximum aggregate consideration of $300,000,000. As of August 31, 2017, the Issuer had the following shares outstanding:

Number of shares outstanding

Common Shares 341,201,990

First preferred shares, Series 28 8,000,000






5. CIBC is a Schedule I bank governed by the Bank Act (Canada). The head office of CIBC is located in the Province of

Ontario. 6. CIBCWI is registered as an investment dealer under the securities legislation of British Columbia, Alberta,

Saskatchewan, Manitoba, Ontario, Québec, Nova Scotia, New Brunswick, Newfoundland and Labrador, Prince Edward Island, Yukon, the Northwest Territories and Nunavut. It is also registered as a futures commission merchant under the Commodity Futures Act (Ontario), as a derivatives dealer under the Derivatives Act (Québec), and as a dealer (futures commission merchant) under The Commodity Futures Act (Manitoba). CIBCWI is a member of the Investment Industry Regulatory Organization of Canada (“IIROC”) and the Canadian Investor Protection Fund, a participating organization or member of the TSX, TSX Venture Exchange and Canadian Securities Exchange, and an approved participant of the Bourse de Montréal. The head office of CIBCWI is located in Toronto, Ontario.

7. CIBC does not own, directly or indirectly, more than 5% of the issued and outstanding Common Shares. 8. CIBC is the beneficial owner of at least 1,000,000 Common Shares, none of which were acquired by, or on behalf of,

CIBC in anticipation or contemplation of resale to the Issuer (such Common Shares over which CIBC has beneficial ownership, the “Inventory Shares”). All of the Inventory Shares are held by CIBC in the Province of Ontario, and all purchases of Inventory Shares by the Issuer from CIBC will be executed and settled in the Province of Ontario. No Common Shares were purchased by, or on behalf of, CIBC on or after August 19, 2017, being the date that was 30 days prior to the date of the Application, in anticipation or contemplation of a sale of Common Shares by CIBC to the Issuer.

9. CIBC is at arm’s length to the Issuer and is not an “insider” of the Issuer, an “associate” of an “insider” of the Issuer, or

an “associate” or “affiliate” of the Issuer, as such terms are defined in the Securities Act (Ontario) (the “Act”). CIBC is an “accredited investor” within the meaning of National Instrument 45-106 Prospectus Exemptions.

10. Pursuant to a Notice of Intention to Make a Normal Course Issuer Bid (the “Notice”) which was accepted by the TSX

effective June 1, 2017, the Issuer is permitted to make a normal course issuer bid (the “Normal Course Issuer Bid”) to purchase for cancellation, during the 12-month period beginning on June 5, 2017 and ending on June 4, 2018, up to 6,000,000 Common Shares, representing approximately 1.76% of the issued and outstanding Common Shares as of the date specified in the Notice. The Notice specifies that purchases under the Normal Course Issuer Bid will be conducted through the facilities of the TSX or any other exchange or alternative trading system in Canada, or by such other means as may be permitted by the TSX, in accordance with sections 628 to 629.3 of Part VI of the TSX Company Manual (the “TSX Rules”), by a securities regulatory authority, or under applicable securities laws and regulations, including under automatic trading plans and by private agreements or share repurchase programs under issuer bid exemption orders issued by securities regulatory authorities.

11. The Normal Course Issuer Bid is being conducted in reliance upon the exemption from the Issuer Bid Requirements set

out in subsection 4.8(2) of NI 62-104 (the “Designated Exchange Exemption”). 12. The Normal Course Issuer Bid is also being conducted in the normal course on other permitted published markets in

Canada (the “Canadian Other Published Markets”) in reliance upon the exemption from the Issuer Bid Requirements set out in subsection 4.8(3) of NI 62-104 (the “Other Published Markets Exemption”, and together with the Designated Exchange Exemption, the “Exemptions”).


October 12, 2017

(2017), 40 OSCB 8246

13. Pursuant to the TSX Rules, the Issuer has appointed National Bank Financial Inc. as its designated broker in respect of the Normal Course Issuer Bid (the “Responsible Broker”).

14. The Issuer may, from time to time, appoint a non-independent purchasing agent (a “Plan Trustee”) to purchase

Common Shares on the open market to fulfill requirements for the delivery of Common Shares under the Issuer’s security-based compensation plans (the “Plan Trustee Purchases”). A Plan Trustee has not been appointed by the Issuer, no Plan Trustee will be appointed by the Issuer during the Program Term (as defined below) and no Plan Trustee Purchases will be required or made during the Program Term.

15. The Notice states that the Issuer may implement an automatic repurchase plan (an “ARP”) to permit the Issuer to make

purchases under the Normal Course Issuer Bid at such times when the Issuer would not be permitted to trade in its securities, including regularly scheduled quarterly blackout periods and other internal blackout periods (each such time, a “Blackout Period”). No ARP has been implemented at this time and no ARP will be implemented or operative during the Program Term (as defined below).

16. The maximum number of Common Shares that the Issuer is permitted to repurchase under the Normal Course Issuer

Bid will be reduced by the number of Plan Trustee Purchases and the number of Common Shares purchased under an ARP, if any.

17. To the best of the Issuer’s knowledge, the “public float” (calculated in accordance with the TSX Rules) for the Common

Shares as at August 31, 2017 consisted of 340,512,699 Common Shares. The Common Shares are “highly-liquid securities” as that term is defined in section 1.1 of OSC Rule 48-501 Trading during Distributions, Formal Bids and Share Exchange Transactions (“OSC Rule 48-501”) and section 1.1 of the Universal Market Integrity Rules (“UMIR”).

18. On July 19, 2017, the Commission granted the Issuer and The Toronto-Dominion Bank (“TD”) an order pursuant to

section 6.1 of NI 62-104 exempting the Issuer from the Issuer Bid Requirements in connection with the proposed purchases by the Issuer of up to 500,000 Common Shares from TD pursuant to a share repurchase program (the “TD Program”). The Issuer purchased 500,000 Common Shares under the TD Program, which terminated on July 28, 2017.

19. As at September 13, 2017, the Issuer has purchased 500,000 Common Shares pursuant to the Normal Course Issuer

Bid. 20. The Filers wish to participate in the Program during, and as part of, the Normal Course Issuer Bid to enable the Issuer

to purchase from CIBC, and for CIBC to sell to the Issuer, that number of Common Shares equal to the Program Maximum.

21. Pursuant to the terms of the Program Agreement (as defined below), CIBCWI has been retained by CIBC to acquire

Common Shares through the facilities of the TSX and on Canadian Other Published Markets (collectively with the TSX, the “Canadian Markets”) under the Program. No Common Shares will be acquired under the Program on a market that is not a Canadian Market.

22. The Program will be governed by, and conducted in accordance with, the terms and conditions of a Share Repurchase

Program Agreement (the “Program Agreement”) that will be entered into among the Filers and CIBCWI prior to the commencement of the Program, a copy of which will be delivered by the Filers to the Commission promptly thereafter.

23. The Program will begin on or after October 10, 2017 and will terminate on the earlier of December 31, 2017 and the

date on which the Issuer will have purchased the Program Maximum under the Program (the “Program Term”). Neither the Issuer nor any of the CIBC Entities may unilaterally terminate the Program Agreement during the Program Term, except in the case of an event of default by a party thereunder, or a change in law or announced change in law that would have adverse consequences to the transactions under the Program or to the Issuer or either of the CIBC Entities.

24. At least two clear Trading Days (as defined below) prior to the commencement of the Program, the Issuer will issue

and file a press release that has been pre-cleared by the TSX that: (a) describes the material features of the Program, including the Program Term; (b) discloses the Issuer’s intention to participate in the Program during the Normal Course Issuer Bid; (c) states that it is the Issuer’s current intention to purchase the Program Maximum, but that the number of Common Shares purchased pursuant to the Program may be less than the Program Maximum; (d) provides an explanation as to why less than the Program Maximum may be purchased; and (e) states that, immediately following the Program Term, the Issuer will issue and file the Completion Press Release (as defined below) (the “Commencement Press Release”).


October 12, 2017

(2017), 40 OSCB 8247

25. The Program Maximum is less than the number of Common Shares remaining that the Issuer is entitled to acquire under the Normal Course Issuer Bid, calculated as at the date of the Program Agreement.

26. The Program Term will not include a Blackout Period. In the event that a Blackout Period should arise during the

Program Term, purchasing under the Program will cease immediately and will not recommence until following the expiration of the Blackout Period.

27. The TSX has: (a) been advised of the Issuer’s intention to enter into the Program; (b) been provided with a copy of the

Program Agreement and a draft of the Commencement Press Release; and (c) confirmed that it has no objection to the Issuer conducting the Program as part of the Normal Course Issuer Bid.

28. During the Program Term, CIBCWI will purchase Common Shares on the applicable Trading Day (as defined below) in

accordance with instructions received by CIBCWI from the Issuer prior to the opening of trading on such Trading Day, which instructions will be the same instructions that the Issuer would have given to the Responsible Broker if the Issuer was conducting the Normal Course Issuer Bid in reliance on the Exemptions.

29. The Issuer will not give purchase instructions in respect of the Program to CIBCWI at any time that the Issuer is aware

of Undisclosed Information (as defined below). 30. All Common Shares acquired for the purposes of the Program by CIBCWI on a day during the Program Term on which

Canadian Markets are open for trading (each, a “Trading Day”) must be acquired on Canadian Markets in accordance with the TSX Rules and any by-laws, rules, regulations or policies of any Canadian Markets upon which purchases are carried out (collectively, the “NCIB Rules”) that would be applicable to the Issuer in connection with the Normal Course Issuer Bid, provided that: (a) the aggregate number of Common Shares to be acquired on Canadian Markets by CIBCWI on each Trading

Day shall not exceed the maximum daily limit that is imposed upon the Normal Course Issuer Bid pursuant to the TSX Rules, determined with reference to an average daily trading volume that is based on the trading volume of the Common Shares on all Canadian Markets rather than being limited to the trading volume on the TSX only (the “Modified Maximum Daily Limit”), it being understood that the aggregate number of Common Shares to be acquired on the TSX by CIBCWI on each Trading Day will not exceed the maximum daily limit that is imposed on the Normal Course Issuer Bid pursuant to the TSX Rules; and

(b) notwithstanding the block purchase exception provided for in the TSX Rules, no purchases will be made by

CIBCWI on any Canadian Markets pursuant to any pre-arranged trade.

31. The aggregate number of Common Shares to be acquired by CIBCWI in connection with the Program:

(a) shall not exceed the Program Maximum; and (b) on Canadian Other Published Markets shall not exceed that number of Common Shares remaining eligible for

purchase by the Issuer pursuant to the Other Published Markets Exemption, calculated as at the date of the Program Agreement.

32. On every Trading Day, CIBCWI will purchase the Number of Common Shares. The “Number of Common Shares” will

be no greater than the least of: (a) the maximum number of Common Shares that can be purchased using the Canadian dollar amount provided

in the instructions received by CIBCWI from the Issuer prior to the opening of trading on such Trading Day; (b) the Program Maximum less the aggregate number of Common Shares previously purchased by CIBCWI

under the Program; (c) on a Trading Day where trading ceases on the TSX or some other event that would impair CIBCWI’s ability to

acquire Common Shares on Canadian Markets occurs (a “Market Disruption Event”), the number of Common Shares acquired by CIBCWI on such Trading Day up until the time of the Market Disruption Event; and

(d) the Modified Maximum Daily Limit. The “Discounted Price” per Common Share will be equal to: (i) the volume weighted average price of the Common Shares on the Canadian Markets on the Trading Day on which purchases were made less an agreed upon discount; or


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(2017), 40 OSCB 8248

(ii) upon the occurrence of a Market Disruption Event, the volume weighted average price of the Common Shares on the Canadian Markets at the time of the Market Disruption Event less an agreed upon discount.

33. CIBC will deliver to the Issuer that number of Inventory Shares equal to the number of Common Shares purchased by CIBCWI on a Trading Day under the Program on the second Trading Day thereafter, and the Issuer will pay CIBC, upon delivery, a purchase price equal to the Discounted Price for each such Inventory Share. Each Inventory Share purchased by the Issuer under the Program will be cancelled upon delivery to the Issuer.

34. CIBC will not sell any Inventory Shares to the Issuer unless CIBCWI has purchased the equivalent number of Common

Shares on Canadian Markets under the Program. The number of Common Shares that are purchased by CIBCWI on Canadian Markets under the Program on a Trading Day will be equal to the Number of Common Shares for such Trading Day. CIBCWI will provide the Issuer with a daily written report of CIBCWI’s purchases, which report will indicate, inter alia, the aggregate number of Common Shares acquired under the Program, the Canadian Market on which such Common Shares were acquired, and the Modified Maximum Daily Limit.

35. During the Program Term, the Issuer will: (a) not purchase, directly or indirectly, any Common Shares (other than

Inventory Shares purchased under the Program); and (b) prohibit the Responsible Broker from acquiring any Common Shares on its behalf.

36. All purchases of Common Shares under the Program will be made by CIBCWI and neither of the CIBC Entities will

engage in any hedging activity in connection with the conduct of the Program. 37. The Issuer will report its purchases of Common Shares under the Program to the TSX in accordance with the TSX

Rules. In addition, immediately following the end of the Program Term, the Issuer will: (a) report the total number of Common Shares acquired under the Program to the TSX and the Commission; and (b) issue and file a press release that announces the completion of the Program and sets out the number of Common Shares acquired under the Program and the aggregate dollar amount paid for such Common Shares (the “Completion Press Release”).

38. The Issuer is of the view that: (a) it will be able to purchase Common Shares from CIBC at a lower price than the price

at which it would be able to purchase an equivalent quantity of Common Shares under the Normal Course Issuer Bid in reliance on the Exemptions; and (b) the purchase of Common Shares pursuant to the Program is in the best interests of the Issuer and constitutes a desirable use of the Issuer’s funds.

39. The entering into of the Program Agreement, the purchase of Common Shares by CIBCWI in connection with the

Program, and the sale of Inventory Shares by CIBC to the Issuer will not adversely affect the Issuer or the rights of any of the Issuer’s security holders and it will not materially affect control of the Issuer.

40. The sale of Inventory Shares to the Issuer by CIBC will not be a “distribution” (as defined in the Act). 41. The Issuer will be able to acquire the Inventory Shares from CIBC without the Issuer being subject to the dealer

registration requirements of the Act. 42. At the time that the Issuer and the CIBC Entities enter into the Program Agreement, neither the Issuer, nor any member

of the Equity Derivatives Trading Group of CIBC, nor any personnel of either of the CIBC Entities that negotiated the Program Agreement or made, participated in the making of, or provided advice in connection with, the decision to enter into the Program Agreement and sell the Common Shares, will be aware of any “material change” or “material fact” (each as defined in the Act) with respect to the Issuer or the Common Shares that has not been generally disclosed (the “Undisclosed Information”).

43. Each of the CIBC Entities:

(a) has policies and procedures in place to ensure that the Program will be conducted in accordance with, among

other things, the Program Agreement and this Order, and to preclude those persons responsible for administering the Program from acquiring any Undisclosed Information during the conduct of the Program; and

(b) will, prior to entering into the Program Agreement: (i) ensure that its systems are capable of adhering to, and

performing in accordance with, the requirements of the Program and this Order; and (ii) provide all necessary training and take all necessary actions to ensure that the persons administering and executing the purchases under the Program are aware of, and understand the terms of this Order.

AND UPON the Commission being satisfied that to do so would not be prejudicial to the public interest;


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(2017), 40 OSCB 8249

IT IS ORDERED pursuant to section 6.1 of NI 62-104 that the Issuer be exempt from the Issuer Bid Requirements in respect of the purchase of Inventory Shares from CIBC pursuant to the Program, provided that:

(a) at least two clear Trading Days prior to the commencement of the Program, the Issuer issues and files the

Commencement Press Release; (b) all purchases of Common Shares under the Program are made on Canadian Markets by CIBCWI, and are:

(i) made in accordance with the NCIB Rules applicable to the Normal Course Issuer Bid, as modified by

paragraph 30 of this Order; (ii) taken into account by the Issuer when calculating the maximum annual aggregate limits that are

imposed upon the Normal Course Issuer Bid in accordance with the TSX Rules, with those Common Shares purchased on Canadian Other Published Markets being taken into account by the Issuer when calculating the maximum aggregate limits that are imposed upon the Issuer in accordance with the Other Published Markets Exemption;

(iii) marked with such designation as would be required by the applicable marketplace and UMIR for

trades made by an agent of the Issuer; and (iv) monitored by the CIBC Entities on a continual basis for the purposes of ensuring compliance with the

terms of this Order, NCIB Rules, and applicable securities law; (c) during the Program Term: (i) the Issuer does not purchase, directly or indirectly, any Common Shares (other

than Inventory Shares purchased under the Program); and (ii) no Common Shares are purchased on behalf of the Issuer by the Responsible Broker;

(d) the number of Inventory Shares transferred by CIBC to the Issuer for purchase under the Program in respect

of a particular Trading Day is equal to the number of Common Shares purchased by CIBCWI on Canadian Markets under the Program in respect of the Trading Day;

(e) no hedging activity is engaged in by the CIBC Entities in connection with the conduct of the Program; (f) at the time that the Program Agreement is entered into by the Filers and CIBCWI:

(i) the Common Shares are “highly-liquid securities”, as that term is defined in section 1.1 of OSC Rule

48-501 and section 1.1 of UMIR; and (ii) none of the Issuer, any member of the Equity Derivatives Trading Group of CIBC, or any personnel

of either of the CIBC Entities that negotiated the Program Agreement or made, participated in the making of, or provided advice in connection with, the decision to enter into the Program Agreement and sell the Common Shares, was aware of any Undisclosed Information;

(g) no purchase instructions in respect of the Program are given by the Issuer to CIBCWI at any time that the

Issuer is aware of Undisclosed Information; (h) no purchases of Common Shares under the Program occur during a Blackout Period; (i) the CIBC Entities maintain records of all purchases of Common Shares that are made by CIBCWI pursuant to

the Program, which will be available to the Commission and IIROC upon request; and (j) in addition to reporting its purchases of Common Shares under the Program to the TSX in accordance with

the TSX Rules, immediately following the end of the Program Term, the Issuer will: (i) report the total number of Common Shares acquired under the Program to the TSX and the Commission; and (ii) issue and file the Completion Press Release.

DATED at Toronto, Ontario, this 4th day of October, 2017. “Naizam Kanji” Director, Office of Mergers & Acquisitions Ontario Securities Commission


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(2017), 40 OSCB 8250

2.2.3 The Toronto-Dominion Bank and The Bank of Nova Scotia – s. 6.1 of NI 62-104 Take-Over Bids and Issuer Bids Section 6.1 of NI 62-104 – Issuer bid – relief from the requirements applicable to issuer bids in Part 2 of NI 62-104 – issuer proposes to purchase, pursuant to a repurchase program and at a discounted purchase price, up to a specified number of its common shares under its normal course issuer bid from a third party – the third party will abide by the requirements governing normal course issuer bids as though it was the issuer, subject to certain modifications, including that the third party will not make any purchases under the program pursuant to a pre-arranged trade – common shares delivered to the issuer for cancellation will be common shares from the third party's existing inventory – the third party will purchase common shares under the program on the same basis as if the Issuer had conducted the bid in reliance on the normal course issuer bid exemptions set out in securities legislation – no adverse economic impact on, or prejudice to, the Issuer or its security holders – acquisition of securities exempt from the requirements applicable to issuer bids in Part 2 of NI 62-104, subject to conditions, including that the number of common shares transferred by the third party from its existing inventory to the issuer for purchase under the program be equivalent to the number of common shares that the third party has purchased, or had purchased on its behalf, on Canadian markets. Applicable Legislative Provisions National Instrument 62-104 Take-Over Bids and Issuer Bids, Part 2 and s. 6.1.



AND

IN THE MATTER OF THE TORONTO-DOMINION BANK AND

THE BANK OF NOVA SCOTIA


UPON the application (the “Application”) of The Toronto-Dominion Bank (the “Issuer”) and The Bank of Nova Scotia (“BNS”, and together with the Issuer, the “Filers”) to the Ontario Securities Commission (the “Commission”) for an order pursuant to section 6.1 of National Instrument 62-104 Take-Over Bids and Issuer Bids (“NI 62-104”) exempting the Issuer from the requirements applicable to issuer bids in Part 2 of NI 62-104 (the “Issuer Bid Requirements”) in respect of the proposed purchases by the Issuer of up to 4,400,000 (the “Program Maximum”) of its common shares (the “Common Shares”) from BNS pursuant to a share repurchase program (the “Program”); AND UPON considering the Application and the recommendation of staff of the Commission; AND UPON the Issuer having represented to the Commission the matters set out in paragraphs 1 to 4, inclusive, 7, 11 to 19, inclusive, 21 to 30, inclusive, 33, 35, 37 to 43, inclusive, as they relate to the Issuer; AND UPON BNS and Scotia Capital Inc. (“SCI” and together with BNS, the “Scotia Entities”) having, together, represented to the Commission the matters set out in paragraphs 5 to 10 inclusive, 18, 20 to 22 inclusive, 26, 30 to 34 inclusive, 36, 40, 42 and 43 as they relate to the Scotia Entities, as applicable; 1. The Issuer is a Schedule I bank governed by the Bank Act (Canada). 2. The Issuer maintains its registered office at Toronto-Dominion Centre, Toronto, Ontario, M5K 1A2. 3. The Issuer is a reporting issuer in each of the provinces and territories of Canada (the “Jurisdictions”) and the

Common Shares are listed for trading on the Toronto Stock Exchange (the “TSX”) and the New York Stock Exchange. The Issuer is not in default of any requirement of the securities legislation of the Jurisdictions.

4. The authorized share capital of the Issuer consists of an unlimited number of Common Shares and an unlimited

number of Class A First Preferred Shares which may be issued in one or more series. As at August 31, 2017, 1,848,896,530 Common Shares, 5,387,491 Series S Class A First Preferred Shares, 4,612,509 Series T Class A First Preferred Shares, 5,481,853 Series Y Class A First Preferred Shares, 4,518,147 Series Z Class A First Preferred Shares, 20,000,000 Series 1 Class A First Preferred Shares, 20,000,000 Series 3 Class A First Preferred Shares, 20,000,000 Series 5 Class A First Preferred Shares, 14,000,000 Series 7 Class A First Preferred Shares, 8,000,000 Class 9 Series A First Preferred Shares, 6,000,000 Series 11 Class A First Preferred Shares, 28,000,000 Series 12


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(2017), 40 OSCB 8251

Class A First Preferred Shares, 40,000,000 Series 14 Class A First Preferred Shares and 14,000,000 Series 16 Class A First Preferred Shares were issued and outstanding.

5. BNS is a Schedule I bank governed by the Bank Act (Canada). The corporate headquarters of BNS is located in

Toronto, Canada. 6. SCI is registered as an investment dealer under the securities legislation of British Columbia, Alberta, Saskatchewan,

Manitoba, Ontario, Quebec, Nova Scotia, Newfoundland and Labrador, New Brunswick, Prince Edward Island, Yukon, the Northwest Territories and Nunavut. It is also registered as a futures commission merchant under the Commodity Futures Act (Ontario), as a derivatives dealer under the Derivatives Act (Québec), and as dealer (futures commission merchant) under The Commodity Futures Act (Manitoba). SCI is a member of the Investment Industry Regulatory Organization of Canada (“IIROC”) and the Canadian Investor Protection Fund, a participating organization or member of the TSX, TSX Venture Exchange and Canadian Securities Exchange, and an approved participant of the Bourse de Montréal. The head office of SCI is located in Toronto, Ontario.

7. Each proposed purchase will be executed and settled in the Province of Ontario. 8. BNS does not directly or indirectly own more than 5% of the issued and outstanding Common Shares. 9. BNS is the beneficial owner of at least 4,400,000 Common Shares, none of which were acquired by, or on behalf of,

BNS in anticipation or contemplation of resale to the Issuer (such Common Shares over which BNS has beneficial ownership, the “Inventory Shares”). All of the Inventory Shares are held by BNS in the Province of Ontario. No Common Shares were purchased by, or on behalf of, BNS on or after August 20, 2017, being the date that was 30 days prior to the date of the Application, in anticipation or contemplation of a sale of Common Shares by BNS to the Issuer.

10. BNS is at arm's length to the Issuer and is not an “insider” of the Issuer, an “associate” of an “insider” of the Issuer, or

an “associate” or “affiliate” of the Issuer, as such terms are defined in the Securities Act (Ontario) (the “Act”). BNS is an “accredited investor” within the meaning of National Instrument 45-106 Prospectus Exemptions.

11. Pursuant to a Notice of Intention to Make a Normal Course Issuer Bid (the “Original Notice”) which was accepted by

the TSX effective March 16, 2017, the Issuer was permitted to make a normal course issuer bid (the “NCIB”) to purchase up to 15,000,000 Common Shares (excluding purchases by non-independent trustees) representing approximately 0.9% of the Issuer’s then outstanding Common Shares. As of April 20, 2017, the Issuer had completed the repurchase of the entire 15,000,000 Common Shares pursuant to the Original Notice. On September 19, 2017, the TSX accepted an amendment (the “Amendment” together with the Original Notice, the “Notice”) to permit the Issuer to purchase an additional 20,000,000 Common Shares (the “Additional Common Shares”) pursuant to the NCIB, for an aggregate of 35,000,000 Common Shares representing approximately 1.9% of the Issuer’s then outstanding Common Shares. In accordance with the Notice, the NCIB is conducted through the facilities of the TSX or alternative Canadian trading platforms, or such other means as may be permitted by the TSX in accordance with sections 628 to 629.3 of Part VI of the TSX Company Manual (the “TSX Rules”) or by such other means as may be permitted by a securities regulatory authority, including private agreements or share repurchase programs under issuer bid exemption orders issued by securities regulatory authorities.

12. The NCIB is being conducted in reliance upon the exemption from the Issuer Bid Requirements set out in subsection

4.8(2) of NI 62-104 (the “Designated Exchange Exemption”). 13. The NCIB is also being conducted in the normal course on other permitted published markets in Canada (the “Other

Published Markets”) in reliance upon the exemption from the Issuer Bid Requirements set out in subsection 4.8(3) of NI 62-104 (the “Other Published Markets Exemption”, and together with the Designated Exchange Exemption, the “Exemptions”).

14. Pursuant to the TSX Rules, the Issuer has appointed TD Securities Inc. as its designated broker in respect of the NCIB

(the “Responsible Broker”). 15. Any automatic share repurchase plan established by the Issuer in connection with the NCIB prior to the

commencement of the Program Term (as defined below) will not be in effect during the Program Term. Any automatic share repurchase plan established by the Issuer in connection with the NCIB prior to the commencement of the Program Term (as defined below) has been completed and no other automatic share repurchase plans will be implemented or operative during the Program Term.


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(2017), 40 OSCB 8252

16. During the course of the NCIB, Common Shares may be purchased by trustees or administrators that are not independent of the Issuer pursuant to the TSX Rules (a “Plan Trustee”) in the open market to satisfy net requirements of certain employee plans (“Plan Trustee Purchases”).

17. Pursuant to relief granted by the TSX on March 28, 2017, certain of the Issuer’s broadly-based, market-sourced,

employee-directed employee share purchase plans were exempted from the provisions of the TSX Rules that would deem the plans to have non-independent trustees (the “Exempted Plans”). Other than purchases made under the Exempted Plans (“Exempted Plan Trustee Purchases”), no Plan Trustee Purchases will be made during the Program Term (as defined below).

18. The Filers wish to participate in the Program during, and as part of, the NCIB to enable the Issuer to purchase from

BNS, and for BNS to sell to the Issuer, that number of Common Shares equal to the Program Maximum. 19. To the best of the Issuer's knowledge the “public float” (calculated in accordance with the TSX Rules) for the Common

Shares as at August 31, 2017 represented more than 99.0% of all issued and outstanding Common Shares. The Common Shares are “highly-liquid securities” as that term is defined in section 1.1 of OSC Rule 48-501 Trading during Distributions, Formal Bids and Share Exchange Transactions (“OSC Rule 48-501”) and section 1.1 of the Universal Market Integrity Rules (“UMIR”).

20. Pursuant to the terms of the Program Agreement (as defined below), SCI will acquire Common Shares through the

facilities of the TSX and on Other Published Markets in Canada (each, a “Canadian Other Published Market” and collectively with the TSX, the “Canadian Markets”) under the Program. No Common Shares will be acquired under the Program on any other published markets other than Canadian Other Published Markets.


Program Agreement (the “Program Agreement”) that will be entered into among the Filers and SCI prior to the commencement of the Program and a copy of which will be delivered by the Filers to the Commission promptly thereafter.

22. The Program will commence on the Trading Day (defined below) following completion or termination of the BMO

Program (defined below) and will terminate on the earlier of December 1, 2017 and the date on which the Issuer will have purchased the Program Maximum under the Program (the “Program Term”). Neither the Issuer nor any of the Scotia Entities may unilaterally terminate the Program Agreement during the Program Term, except in the case of an event of default by a party thereunder or a change in law or announced change in law that would have adverse consequences to the transactions under the Program or the Issuer or either of the Scotia Entities.

23. Concurrently with this Application, the Issuer has filed an additional application with the Commission for exemptive

relief from the Issuer Bid Requirements in connection with the proposed purchase by the Issuer of up to 3,580,000 Common Shares (“BMO Program Maximum”) from BMO Nesbitt Burns Inc. pursuant to a share repurchase program (the “BMO Program”, and together with the Program, the “Programs”). The BMO Program will begin on a date determined by the Issuer and will terminate on the earlier of December 1, 2017 and the date on which the Issuer will have purchased the BMO Program Maximum (the “BMO Program Term”).

24. At least two clear Trading Days prior to the commencement of the BMO Program, the Issuer will issue and file a press

release (the “Commencement Press Release”) that will have been pre-cleared by the TSX that (a) describes the material features of the Programs, including the Program Term and the BMO Program Term; (b) discloses the Issuer's intention to participate in the Programs during the NCIB; (c) states that it is the Issuer’s current intention to purchase the Program Maximum and the BMO Program Maximum, but that the number of Common Shares purchased pursuant to the Programs may be less than the Program Maximum and the BMO Program Maximum, respectively; (d) provides an explanation as to why less than the Program Maximum and the BMO Program Maximum may be purchased; and (e) states that, immediately following the completion of the Program, the Issuer will issue and file the Completion Press Release (as defined below).

25. The Program Maximum will not exceed the number of Common Shares remaining that the Issuer is entitled to acquire

under the NCIB, calculated as at the date of the Program Agreement. 26. The Program will:

(a) be an “automatic securities purchase plan” as defined in National Instrument 55-104 Insider Reporting

Requirements and Exemptions (as applied, mutatis mutandis, to purchases made by an issuer) and SCI will conduct the Program in its sole discretion, in accordance with the irrevocable instructions to be established by the Issuer, and conveyed by the Issuer to SCI, pursuant to the Program Agreement (the “Irrevocable Instructions”); and


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(2017), 40 OSCB 8253

(b) comply with applicable securities regulatory requirements and guidance, including, inter alia, clause 175(2) of Regulation 1015 of the Act, OSC Staff Notice 55-701 Automatic Securities Disposition Plans and Automatic Securities Purchase Plans and similar rules and regulations regarding automatic acquisitions of securities under Canadian securities laws.

27. The Program Agreement will be entered into, and the Irrevocable Instructions will be given, at a time when the Issuer is

not (i) in a regularly scheduled quarterly blackout period that is imposed by the Issuer on its directors, executive officers and other insiders pursuant to the Issuer's internal insider trading policy, or (ii) aware of Undisclosed Information (as defined below).

28. The TSX has been advised of the Issuer's intention to enter into the Program and has confirmed that it has no objection

to the Issuer conducting the Program as part of the NCIB. The TSX will be provided with a copy of the Program Agreement.

29. The Irrevocable Instructions will be of the same nature as the instructions that the Issuer would have given to the

Responsible Broker, if the Issuer was conducting the NCIB in reliance on the Exemptions. 30. All Common Shares acquired for the purposes of the Program by SCI on a day during the Program Term on which

Canadian Markets are open for trading (each, a “Trading Day”) must be acquired on Canadian Markets in accordance with the TSX Rules and any by-laws, rules, regulations or policies of any Canadian Markets upon which purchases are carried out (collectively, the “NCIB Rules”) that would be applicable to the Issuer in connection with the NCIB, provided that: (a) the aggregate number of Common Shares to be acquired on Canadian Markets by SCI on each Trading Day

shall not exceed the maximum daily limit that is imposed upon the NCIB pursuant to the TSX Rules, determined with reference to an average daily trading volume that is based on the trading volume of the Common Shares on all Canadian Markets rather than being limited to the trading volume on the TSX only (the “Modified Maximum Daily Limit”), it being understood that the aggregate number of Common Shares to be acquired on the TSX by SCI on each Trading Day will not exceed the maximum daily limit that is imposed on the NCIB pursuant to the TSX Rules; and


SCI on any Canadian Markets pursuant to any pre-arranged trade.

31. The aggregate number of Common Shares acquired by SCI in connection with the Program: (a) shall not exceed the Program Maximum; and (b) on Canadian Other Published Markets, shall not exceed that number of Common Shares remaining eligible for


32. On every Trading Day, SCI will purchase the Number of Common Shares. The “Number of Common Shares” will be

no greater than the least of: (a) the maximum number of Common Shares established in the instructions set out in the Program Agreement; (b) the Program Maximum less the aggregate number of Common Shares previously purchased by SCI under the

Program; (c) on a Trading Day where trading ceases on the TSX or some other event that would impair SCI's ability to

acquire Common Shares on Canadian Markets occurs (a “Market Disruption Event”), the number of Common Shares acquired by SCI on such Trading Day up until the time of the Market Disruption Event; and

(d) the Modified Maximum Daily Limit. The “Discounted Price” per Common Share will be equal to (i) the volume weighted average price of the Common Shares on the Canadian Markets on the Trading Day on which purchases were made less an agreed upon discount, or (ii) upon the occurrence of a Market Disruption Event, the volume weighted average price of the Common Shares on the Canadian Markets at the time of the Market Disruption Event less an agreed upon discount.

33. BNS will deliver to the Issuer that number of Inventory Shares equal to the number of Common Shares purchased by

SCI on a Trading Day under the Program no later than the third Trading Day thereafter, and the Issuer will pay BNS a


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(2017), 40 OSCB 8254

purchase price equal to the Discounted Price for each such Inventory Share. Each Inventory Share purchased by the Issuer under the Program will be cancelled upon delivery to the Issuer.

34. BNS will not sell any Inventory Shares to the Issuer unless SCI has purchased the equivalent number of Common

Shares on Canadian Markets under the Program. The number of Common Shares that are purchased by SCI on Canadian Markets on a Trading Day under the Program will be equal to the Number of Common Shares for such Trading Day. SCI will provide the Issuer with a daily written report of SCI's purchases, which report will indicate, inter alia, the aggregate number of Common Shares acquired under the Program, the Canadian Market on which such Common Shares were acquired, and the Modified Maximum Daily Limit.


Inventory Shares purchased under the Program); (b) prohibit the Responsible Broker from acquiring any Common Shares on its behalf; and (c) prohibit any Plan Trustee from undertaking any Plan Trustee Purchases, other than Exempted Plan Trustee Purchases.

36. All purchases of Common Shares under the Program will be made by SCI and neither of the Scotia Entities will engage

in any hedging activity in connection with the conduct of the Program. 37. The Issuer will report its purchases of Common Shares under the Program to the TSX in accordance with the TSX

Rules. In addition, immediately following the completion of the Program, the Issuer will: (a) report the total number of Common Shares acquired under the Program to the TSX and the Commission; and (b) issue and file a press release that announces the completion of the Program and sets out the number of Common Shares acquired under the Program and the aggregate dollar amount paid for such Common Shares (the “Completion Press Release”).

38. The Issuer is of the view that: (a) it will be able to purchase Common Shares from BNS at a lower price than the price

at which it would be able to purchase an equivalent quantity of Common Shares under the NCIB in reliance on the Exemptions; and (b) the purchase of Common Shares pursuant to the Program is in the best interests of the Issuer and constitutes a desirable use of the Issuer's funds.

39. The entering into of the Program Agreement, the purchase of Common Shares by SCI in connection with the Program,

and the sale of Inventory Shares by BNS to the Issuer will not adversely affect the Issuer or the rights of any of the Issuer's security holders and it will not materially affect control of the Issuer.

40. The sale of Inventory Shares to the Issuer by BNS will not be a “distribution” (as defined in the Act). 41. The Issuer will be able to acquire the Inventory Shares from BNS without the Issuer being subject to the dealer

registration requirements of the Act. 42. At the time the Issuer and the Scotia Entities enter into the Program Agreement, neither the Issuer, nor any member of

the Global Equity Derivatives group of BNS, nor any personnel of either of the Scotia Entities that negotiated the Program Agreement or made, participated in the making of, or provided advice in connection with, the decision to enter into the Program Agreement and sell the Common Shares, will be aware of any “material change” or “material fact” (each as defined in the Act) with respect to the Issuer or the Common Shares that has not been generally disclosed (the “Undisclosed Information”).

43. The Issuer and each of the Scotia Entities:



(b) will, prior to entering into the Program Agreement, (i) ensure that its systems are capable of adhering to, and

performing in accordance with, the requirements of the Program and this Order, and (ii) provide all necessary training and take all necessary actions to ensure that the persons administering and executing the purchases under the Program are aware of, and understand the terms of this Order.

AND UPON the Commission being satisfied that to do so would not be prejudicial to the public interest; IT IS ORDERED pursuant to section 6.1 of NI 62-104 that the Issuer be exempt from the Issuer Bid Requirements in respect of the purchase of Inventory Shares from BNS pursuant to the Program, provided that:


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(a) at least two clear Trading Days prior to the commencement of the BMO Program the Issuer issues and files the Commencement Press Release;

(b) all purchases of Common Shares under the Program are made on Canadian Markets by SCI, and are:

(i) made in accordance with the NCIB Rules applicable to the NCIB, as modified by paragraph 30 of this

Order; (ii) taken into account by the Issuer when calculating the maximum annual aggregate limits that are

imposed upon the NCIB in accordance with the TSX Rules, with those Common Shares purchased on Canadian Other Published Markets being taken into account by the Issuer when calculating the maximum aggregate limits that are imposed upon the Issuer in accordance with the Other Published Markets Exemption;

(iii) marked with such designation, as would be required by the applicable marketplace and UMIR for

trades made by an agent of the Issuer; and (iv) monitored by the Scotia Entities on a continual basis for the purposes of ensuring compliance with

the terms of this Order, the NCIB Rules, and applicable securities law;

(c) during the Program Term, (i) the Issuer does not purchase, directly or indirectly, any Common Shares (other than Inventory Shares purchased under the Program), (ii) no Common Shares are purchased on behalf of the Issuer by the Responsible Broker and (iii) no Plan Trustee Purchases (other than Exempted Plan Trustee Purchases) are undertaken by any Plan Trustee;

(d) the number of Inventory Shares transferred by BNS to the Issuer for purchase under the Program in respect of

a particular Trading Day is equal to the number of Common Shares purchased by SCI under the Program on Canadian Markets in respect of the Trading Day;

(e) no hedging activity is engaged in by the Scotia Entities in connection with the conduct of the Program; (f) at the time of the commencement of the Program Term:

(i) the Common Shares are “highly liquid securities”, as that term is defined in section 1.1 of OSC Rule

48-501 and section 1.1 of UMIR; and (ii) none of the Issuer, any member of the Global Equity Derivatives group of BNS, or any personnel of

either of the Scotia Entities that negotiated the Program Agreement or made, participated in the making of, or provided advice in connection with, the decision to enter into the Program Agreement and sell the Common Shares, was aware of any Undisclosed Information;

(g) no purchase instructions in respect of the Program are given by the Issuer to SCI and no automatic securities

purchase plan is entered into in respect of the Program at any time that the Issuer is aware of Undisclosed Information;

(h) the Scotia Entities maintain records of all purchases of Common Shares that are made by SCI pursuant to the

Program, which will be available to the Commission and IIROC upon request; and (i) in addition to reporting its purchases of Common Shares under the Program to the TSX in accordance with

the TSX Rules, immediately following the completion of the Program, the Issuer will: (i) report the total number of Common Shares acquired under the Program to the TSX and the Commission, and (ii) issue and file the Completion Press Release.



October 12, 2017

(2017), 40 OSCB 8256

2.2.4 The Toronto-Dominion Bank and BMO Nesbitt Burns Inc. – s. 6.1 of NI 62-104 Take-Over Bids and Issuer Bids Headnote Section 6.1 of NI 62-104 – Issuer bid – relief from the requirements applicable to issuer bids in Part 2 of NI 62-104 – issuer proposes to purchase, pursuant to a repurchase program and at a discounted purchase price, up to a specified number of its common shares under its normal course issuer bid from a third party – the third party will abide by the requirements governing normal course issuer bids as though it was the issuer, subject to certain modifications, including that the third party will not make any purchases under the program pursuant to a pre-arranged trade – common shares delivered to the issuer for cancellation will be common shares from the third party's existing inventory – the third party will purchase common shares under the program on the same basis as if the Issuer had conducted the bid in reliance on the normal course issuer bid exemptions set out in securities legislation – no adverse economic impact on, or prejudice to, the Issuer or its security holders – acquisition of securities exempt from the requirements applicable to issuer bids in Part 2 of NI 62-104, subject to conditions, including that the number of common shares transferred by the third party from its existing inventory to the issuer for purchase under the program be equivalent to the number of common shares that the third party has purchased, or had purchased on its behalf, on Canadian markets. Applicable Legislative Provisions National Instrument 62-104 Take-Over Bids and Issuer Bids, Part 2 and s. 6.1.



AND

IN THE MATTER OF THE TORONTO-DOMINION BANK AND

BMO NESBITT BURNS INC.


UPON the application (the “Application”) of The Toronto-Dominion Bank (the “Issuer”) and BMO Nesbitt Burns Inc. (“BMO Nesbitt”, and together with the Issuer, the “Filers”) to the Ontario Securities Commission (the “Commission”) for an order pursuant to section 6.1 of National Instrument 62-104 Take-Over Bids and Issuer Bids (“NI 62-104”) exempting the Issuer from the requirements applicable to issuer bids in Part 2 of NI 62-104 (the “Issuer Bid Requirements”) in respect of the proposed purchases by the Issuer of up to 3,580,000 (the “Program Maximum”) of its common shares (the “Common Shares”) from BMO Nesbitt pursuant to a share repurchase program (the “Program”); AND UPON considering the Application and the recommendation of staff of the Commission; AND UPON the Issuer having represented to the Commission the matters set out in paragraphs 1 to 4, inclusive, 7, 11 to 19, inclusive, 21 to 30, inclusive, 33, 35, 37 to 43, inclusive, as they relate to the Issuer; AND UPON BMO Nesbitt and Bank of Montreal (“BMO”, and together with BMO Nesbitt, the “BMO Entities”) having, together, represented to the Commission the matters set out in paragraphs 5 to 10 inclusive, 18, 20 to 22 inclusive, 26, 30 to 34 inclusive, 36, 40, 42 and 43 as they relate to the BMO Entities, as applicable; 1. The Issuer is a Schedule I bank governed by the Bank Act (Canada). 2. The Issuer maintains its registered office at Toronto-Dominion Centre, Toronto, Ontario, M5K 1A2. 3. The Issuer is a reporting issuer in each of the provinces and territories of Canada (the “Jurisdictions”) and the

Common Shares are listed for trading on the Toronto Stock Exchange (the “TSX”) and the New York Stock Exchange. The Issuer is not in default of any requirement of the securities legislation of the Jurisdictions.

4. The authorized share capital of the Issuer consists of an unlimited number of Common Shares and an unlimited

number of Class A First Preferred Shares which may be issued in one or more series. As at August 31, 2017, 1,848,896,530 Common Shares, 5,387,491 Series S Class A First Preferred Shares, 4,612,509 Series T Class A First Preferred Shares, 5,481,853 Series Y Class A First Preferred Shares, 4,518,147 Series Z Class A First Preferred Shares, 20,000,000 Series 1 Class A First Preferred Shares, 20,000,000 Series 3 Class A First Preferred Shares,


October 12, 2017

(2017), 40 OSCB 8257

20,000,000 Series 5 Class A First Preferred Shares, 14,000,000 Series 7 Class A First Preferred Shares, 8,000,000 Class 9 Series A First Preferred Shares, 6,000,000 Series 11 Class A First Preferred Shares, 28,000,000 Series 12 Class A First Preferred Shares, 40,000,000 Series 14 Class A First Preferred Shares and 14,000,000 Series 16 Class A First Preferred Shares were issued and outstanding.

5. BMO is a Schedule I bank governed by the Bank Act (Canada). The corporate headquarters of BMO is located in the

Province of Ontario. 6. BMO Nesbitt is registered as an investment dealer under the securities legislation of British Columbia, Alberta,

Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia, Newfoundland and Labrador, New Brunswick, Prince Edward Island, Yukon, the Northwest Territories and Nunavut. It is also registered as a futures commission merchant under the Commodity Futures Act (Ontario), as a derivatives dealer under the Derivatives Act (Québec), and as dealer (futures commission merchant) under The Commodity Futures Act (Manitoba). BMO Nesbitt is a member of the Investment Industry Regulatory Organization of Canada (“IIROC”) and the Canadian Investor Protection Fund, a participating organization or member of the TSX, TSX Venture Exchange and Canadian Securities Exchange, and an approved participant of the Bourse de Montréal. The head office of BMO Nesbitt is located in Toronto, Ontario.

7. Each proposed purchase will be executed and settled in the Province of Ontario. 8. BMO Nesbitt does not directly or indirectly own more than 5% of the issued and outstanding Common Shares. 9. BMO Nesbitt is the beneficial owner of at least 3,580,000 Common Shares, none of which were acquired by, or on

behalf of, BMO Nesbitt in anticipation or contemplation of resale to the Issuer (such Common Shares over which BMO Nesbitt has beneficial ownership, the “Inventory Shares”). All of the Inventory Shares are held by BMO Nesbitt in the Province of Ontario. No Common Shares were purchased by, or on behalf of, BMO Nesbitt on or after August 16, 2017, being the date that was 30 days prior to the date of the Application, in anticipation or contemplation of a sale of Common Shares by BMO Nesbitt to the Issuer.

10. BMO Nesbitt is at arm's length to the Issuer and is not an “insider” of the Issuer, an “associate” of an “insider” of the

Issuer, or an “associate” or “affiliate” of the Issuer, as such terms are defined in the Securities Act (Ontario) (the “Act”). BMO Nesbitt is an “accredited investor” within the meaning of National Instrument 45-106 Prospectus Exemptions.

11. Pursuant to a Notice of Intention to Make a Normal Course Issuer Bid (the “Original Notice”) which was accepted by

the TSX effective March 16, 2017, the Issuer was permitted to make a normal course issuer bid (the “NCIB”) to purchase up to 15,000,000 Common Shares (excluding purchases by non-independent trustees) representing approximately 0.9% of the Issuer’s then outstanding Common Shares. As of April 20, 2017, the Issuer had completed the repurchase of the entire 15,000,000 Common Shares pursuant to the Original Notice. On September 19, 2017, the TSX accepted an amendment (the “Amendment” together with the Original Notice, the “Notice”) to permit the Issuer to purchase an additional 20,000,000 Common Shares (the “Additional Common Shares”) pursuant to the NCIB, for an aggregate of 35,000,000 Common Shares representing approximately 1.9% of the Issuer’s then outstanding Common Shares. In accordance with the Notice, the NCIB is conducted through the facilities of the TSX or alternative Canadian trading platforms, or such other means as may be permitted by the TSX in accordance with sections 628 to 629.3 of Part VI of the TSX Company Manual (the “TSX Rules”) or by such other means as may be permitted by a securities regulatory authority, including private agreements or share repurchase programs under issuer bid exemption orders issued by securities regulatory authorities.

12. The NCIB is being conducted in reliance upon the exemption from the Issuer Bid Requirements set out in subsection

4.8(2) of NI 62-104 (the “Designated Exchange Exemption”). 13. The NCIB is also being conducted in the normal course on other permitted published markets in Canada (the “Other

Published Markets”) in reliance upon the exemption from the Issuer Bid Requirements set out in subsection 4.8(3) of NI 62-104 (the “Other Published Markets Exemption”, and together with the Designated Exchange Exemption, the “Exemptions”).

14. Pursuant to the TSX Rules, the Issuer has appointed TD Securities Inc. as its designated broker in respect of the NCIB

(the “Responsible Broker”). 15. Any automatic share repurchase plan established by the Issuer in connection with the NCIB prior to the

commencement of the Program Term (as defined below) will not be in effect during the Program Term. Any automatic share repurchase plan established by the Issuer in connection with the NCIB prior to the commencement of the Program Term (as defined below) has been completed and no other automatic share repurchase plans will be implemented or operative during the Program Term.


October 12, 2017

(2017), 40 OSCB 8258

16. During the course of the NCIB, Common Shares may be purchased by trustees or administrators that are not independent of the Issuer pursuant to the TSX Rules (a “Plan Trustee”) in the open market to satisfy net requirements of certain employee plans (“Plan Trustee Purchases”).

17. Pursuant to relief granted by the TSX on March 28, 2017, certain of the Issuer’s broadly-based, market-sourced,

employee-directed employee share purchase plans were exempted from the provisions of the TSX Rules that would deem the plans to have non-independent trustees (the “Exempted Plans”). Other than purchases made under the Exempted Plans (“Exempted Plan Trustee Purchases”), no Plan Trustee Purchases will be made during the Program Term (as defined below).

18. The Filers wish to participate in the Program during, and as part of, the NCIB to enable the Issuer to purchase from

BMO Nesbitt, and for BMO Nesbitt to sell to the Issuer, that number of Common Shares equal to the Program Maximum.

19. To the best of the Issuer's knowledge the “public float” (calculated in accordance with the TSX Rules) for the Common

Shares as at August 31, 2017 represented more than 99.0% of all issued and outstanding Common Shares. The Common Shares are “highly-liquid securities” as that term is defined in section 1.1 of OSC Rule 48-501 Trading during Distributions, Formal Bids and Share Exchange Transactions (“OSC Rule 48-501”) and section 1.1 of the Universal Market Integrity Rules (“UMIR”).

20. Pursuant to the terms of the Program Agreement (as defined below), BMO has retained BMO Nesbitt to acquire

Common Shares through the facilities of the TSX and on Other Published Markets in Canada (each, a “Canadian Other Published Market” and collectively with the TSX, the “Canadian Markets”) under the Program. No Common Shares will be acquired under the Program on any other published markets other than Canadian Other Published Markets.


Program Agreement (the “Program Agreement”) that will be entered into among the Filers and BMO prior to the commencement of the Program and a copy of which will be delivered by the Filers to the Commission promptly thereafter.

22. The Program will commence on a date to be determined by the Issuer and will terminate on the earlier of December 1,

2017 and the date on which the Issuer will have purchased the Program Maximum under the Program (the “Program Term”). Neither the Issuer nor any of the BMO Entities may unilaterally terminate the Program Agreement during the Program Term, except in the case of an event of default by a party thereunder or a change in law or announced change in law that would have adverse consequences to the transactions under the Program or the Issuer or either of the BMO Entities.

23. Concurrently with this Application, the Issuer has filed an additional application with the Commission for exemptive

relief from the Issuer Bid Requirements in connection with the proposed purchase by the Issuer of up to 4,400,000 Common Shares (“BNS Program Maximum”) from The Bank of Nova Scotia pursuant to a share repurchase program (the “BNS Program”, and together with the Program, the “Programs”). The BNS Program will begin on the Trading Day (as defined below) following completion or termination of the Program and will terminate on the earlier of December 1, 2017 and the date on which the Issuer will have purchased the BNS Program Maximum (the “BNS Program Term”).

24. At least two clear Trading Days prior to the commencement of the Program, the Issuer will issue and file a press

release (the “Commencement Press Release”) that will have been pre-cleared by the TSX that (a) describes the material features of the Programs, including the Program Term and the BNS Program Term; (b) discloses the Issuer's intention to participate in the Programs during the NCIB; (c) states that it is the Issuer’s current intention to purchase the Program Maximum and the BNS Program Maximum, but that the number of Common Shares purchased pursuant to the Programs may be less than the Program Maximum and the BNS Program Maximum, respectively; (d) provides an explanation as to why less than the Program Maximum and the BNS Program Maximum may be purchased; and (e) states that, immediately following the completion of the Program, the Issuer will issue and file the Completion Press Release (as defined below).

25. The Program Maximum will not exceed the number of Common Shares remaining that the Issuer is entitled to acquire

under the NCIB, calculated as at the date of the Program Agreement. 26. The Program will:

(a) be an “automatic securities purchase plan” as defined in National Instrument 55-104 Insider Reporting

Requirements and Exemptions (as applied, mutatis mutandis, to purchases made by an issuer) and BMO will


October 12, 2017

(2017), 40 OSCB 8259

conduct the Program in its sole discretion, in accordance with the irrevocable instructions to be established by the Issuer, and conveyed by the Issuer to BMO, pursuant to the Program Agreement (the “Irrevocable Instructions”); and

(b) comply with applicable securities regulatory requirements and guidance, including, inter alia, clause 175(2) of

Regulation 1015 of the Act, OSC Staff Notice 55-701 Automatic Securities Disposition Plans and Automatic Securities Purchase Plans and similar rules and regulations regarding automatic acquisitions of securities under Canadian securities laws.

27. The Program Agreement will be entered into, and the Irrevocable Instructions will be given, at a time when the Issuer is

not (i) in a regularly scheduled quarterly blackout period that is imposed by the Issuer on its directors, executive officers and other insiders pursuant to the Issuer's internal insider trading policy, or (ii) aware of Undisclosed Information (as defined below).

28. The TSX has been advised of the Issuer's intention to enter into the Program and has confirmed that it has no objection

to the Issuer conducting the Program as part of the NCIB. The TSX will be provided with a copy of the Program Agreement.

29. The Irrevocable Instructions will be of the same nature as the instructions that the Issuer would have given to the

Responsible Broker, if the Issuer was conducting the NCIB in reliance on the Exemptions. 30. All Common Shares acquired for the purposes of the Program by BMO Nesbitt on a day during the Program Term on

which Canadian Markets are open for trading (each, a “Trading Day”) must be acquired on Canadian Markets in accordance with the TSX Rules and any by-laws, rules, regulations or policies of any Canadian Markets upon which purchases are carried out (collectively, the “NCIB Rules”) that would be applicable to the Issuer in connection with the NCIB, provided that:

(a) the aggregate number of Common Shares to be acquired on Canadian Markets by BMO Nesbitt on each

Trading Day shall not exceed the maximum daily limit that is imposed upon the NCIB pursuant to the TSX Rules, determined with reference to an average daily trading volume that is based on the trading volume of the Common Shares on all Canadian Markets rather than being limited to the trading volume on the TSX only (the “Modified Maximum Daily Limit”), it being understood that the aggregate number of Common Shares to be acquired on the TSX by BMO Nesbitt on each Trading Day will not exceed the maximum daily limit that is imposed on the NCIB pursuant to the TSX Rules; and


BMO on any Canadian Markets pursuant to any pre-arranged trade. 31. The aggregate number of Common Shares acquired by BMO Nesbitt in connection with the Program:

(a) shall not exceed the Program Maximum; and (b) on Canadian Other Published Markets, shall not exceed that number of Common Shares remaining eligible for


32. On every Trading Day, BMO Nesbitt will purchase the Number of Common Shares. The “Number of Common

Shares” will be no greater than the least of: (a) the maximum number of Common Shares established in the instructions set out in the Program Agreement; (b) the Program Maximum less the aggregate number of Common Shares previously purchased by BMO Nesbitt

under the Program; (c) on a Trading Day where trading ceases on the TSX or some other event that would impair BMO Nesbitt's

ability to acquire Common Shares on Canadian Markets occurs (a “Market Disruption Event”), the number of Common Shares acquired by BMO Nesbitt on such Trading Day up until the time of the Market Disruption Event; and

(d) the Modified Maximum Daily Limit. The “Discounted Price” per Common Share will be equal to (i) the volume weighted average price of the Common Shares on the Canadian Markets on the Trading Day on which purchases were made less an agreed upon discount, or


October 12, 2017

(2017), 40 OSCB 8260

(ii) upon the occurrence of a Market Disruption Event, the volume weighted average price of the Common Shares on the Canadian Markets at the time of the Market Disruption Event less an agreed upon discount.

33. BMO Nesbitt will deliver to the Issuer that number of Inventory Shares equal to the number of Common Shares purchased by BMO Nesbitt on a Trading Day under the Program no later than the fourth Trading Day thereafter, and the Issuer will pay BMO Nesbitt a purchase price equal to the Discounted Price for each such Inventory Share. Each Inventory Share purchased by the Issuer under the Program will be cancelled upon delivery to the Issuer.

34. BMO Nesbitt will not sell any Inventory Shares to the Issuer unless BMO Nesbitt has purchased the equivalent number

of Common Shares on Canadian Markets under the Program. The number of Common Shares that are purchased by BMO Nesbitt on Canadian Markets on a Trading Day under the Program will be equal to the Number of Common Shares for such Trading Day. BMO Nesbitt will provide the Issuer with a daily written report of BMO Nesbitt's purchases, which report will indicate, inter alia, the aggregate number of Common Shares acquired under the Program, the Canadian Market on which such Common Shares were acquired, and the Modified Maximum Daily Limit.


Inventory Shares purchased under the Program); (b) prohibit the Responsible Broker from acquiring any Common Shares on its behalf; and (c) prohibit any Plan Trustee from undertaking any Plan Trustee Purchases, other than Exempted Plan Trustee Purchases.

36. All purchases of Common Shares under the Program will be made by BMO Nesbitt and neither of the BMO Entities will

engage in any hedging activity in connection with the conduct of the Program. 37. The Issuer will report its purchases of Common Shares under the Program to the TSX in accordance with the TSX

Rules. In addition, immediately following the completion of the Program, the Issuer will: (a) report the total number of Common Shares acquired under the Program to the TSX and the Commission; and (b) issue and file a press release that announces the completion of the Program and sets out the number of Common Shares acquired under the Program and the aggregate dollar amount paid for such Common Shares (the “Completion Press Release”).

38. The Issuer is of the view that: (a) it will be able to purchase Common Shares from BMO Nesbitt at a lower price than

the price at which it would be able to purchase an equivalent quantity of Common Shares under the NCIB in reliance on the Exemptions; and (b) the purchase of Common Shares pursuant to the Program is in the best interests of the Issuer and constitutes a desirable use of the Issuer's funds.

39. The entering into of the Program Agreement, the purchase of Common Shares by BMO Nesbitt in connection with the

Program, and the sale of Inventory Shares by BMO Nesbitt to the Issuer will not adversely affect the Issuer or the rights of any of the Issuer's security holders and it will not materially affect control of the Issuer.

40. The sale of Inventory Shares to the Issuer by BMO Nesbitt will not be a “distribution” (as defined in the Act). 41. The Issuer will be able to acquire the Inventory Shares from BMO Nesbitt without the Issuer being subject to the dealer

registration requirements of the Act. 42. At the time the Issuer and the BMO Entities enter into the Program Agreement, neither the Issuer, nor any member of

the Trading Products Group of BMO Nesbitt, nor any personnel of either of the BMO Entities that negotiated the Program Agreement or made, participated in the making of, or provided advice in connection with, the decision to enter into the Program Agreement and sell the Common Shares, will be aware of any “material change” or “material fact” (each as defined in the Act) with respect to the Issuer or the Common Shares that has not been generally disclosed (the “Undisclosed Information”).

43. The Issuer and each of the BMO Entities:



(b) will, prior to entering into the Program Agreement, (i) ensure that its systems are capable of adhering to, and

performing in accordance with, the requirements of the Program and this Order, and (ii) provide all necessary training and take all necessary actions to ensure that the persons administering and executing the purchases under the Program are aware of, and understand the terms of this Order.

AND UPON the Commission being satisfied that to do so would not be prejudicial to the public interest;


October 12, 2017

(2017), 40 OSCB 8261

IT IS ORDERED pursuant to section 6.1 of NI 62-104 that the Issuer be exempt from the Issuer Bid Requirements in respect of the purchase of Inventory Shares from BMO Nesbitt pursuant to the Program, provided that:

(a) at least two clear Trading Days prior to the commencement of the Program the Issuer issues and files the Commencement Press Release;

(b) all purchases of Common Shares under the Program are made on Canadian Markets by BMO Nesbitt, and

are: (i) made in accordance with the NCIB Rules applicable to the NCIB, as modified by paragraph 30 of this

Order; (ii) taken into account by the Issuer when calculating the maximum annual aggregate limits that are

imposed upon the NCIB in accordance with the TSX Rules, with those Common Shares purchased on Canadian Other Published Markets being taken into account by the Issuer when calculating the maximum aggregate limits that are imposed upon the Issuer in accordance with the Other Published Markets Exemption;

(iii) marked with such designation, as would be required by the applicable marketplace and UMIR for

trades made by an agent of the Issuer; and (iv) monitored by the BMO Entities on a continual basis for the purposes of ensuring compliance with the

terms of this Order, NCIB Rules, and applicable securities law; (c) during the Program Term, (i) the Issuer does not purchase, directly or indirectly, any Common Shares (other

than Inventory Shares purchased under the Program), (ii) no Common Shares are purchased on behalf of the Issuer by the Responsible Broker and (iii) no Plan Trustee Purchases (other than Exempted Plan Trustee Purchases) are undertaken by any Plan Trustee;

(d) the number of Inventory Shares transferred by BMO Nesbitt to the Issuer for purchase under the Program in

respect of a particular Trading Day is equal to the number of Common Shares purchased by BMO Nesbitt under the Program on Canadian Markets in respect of the Trading Day;

(e) no hedging activity is engaged in by the BMO Entities in connection with the conduct of the Program; (f) at the time of the commencement of the Program Term:

(i) the Common Shares are “highly liquid securities”, as that term is defined in section 1.1 of OSC Rule

48-501 and section 1.1 of UMIR; and (ii) none of the Issuer, any member of the Trading Products Group of BMO Nesbitt, or any personnel of

either of the BMO Entities that negotiated the Program Agreement or made, participated in the making of, or provided advice in connection with, the decision to enter into the Program Agreement and sell the Common Shares, was aware of any Undisclosed Information;

(g) no purchase instructions in respect of the Program are given by the Issuer to the BMO Entities and no

automatic securities purchase plan is entered into in respect of the Program at any time that the Issuer is aware of Undisclosed Information;

(h) the BMO Entities maintain records of all purchases of Common Shares that are made by BMO Nesbitt

pursuant to the Program, which will be available to the Commission and IIROC upon request; and (i) in addition to reporting its purchases of Common Shares under the Program to the TSX in accordance with

the TSX Rules, immediately following the completion of the Program, the Issuer will: (i) report the total number of Common Shares acquired under the Program to the TSX and the Commission, and (ii) issue and file the Completion Press Release.



October 12, 2017

(2017), 40 OSCB 8262

2.2.5 Avnel Gold Mining Limited Headnote National Policy 11-206 Process for Cease to be a Reporting Issuer Applications – The issuer ceased to be a reporting issuer under securities legislation. Applicable Legislative Provisions Securities Act, R.S.O. 1990, c. S.5, as am., s. 1(10)(a)(ii).

October 6, 2017


ONTARIO (THE JURISDICTION)

AND

IN THE MATTER OF

THE PROCESS FOR CEASE TO BE A REPORTING ISSUER

AND

IN THE MATTER OF

AVNEL GOLD MINING LIMITED (THE FILER)

ORDER

Background The securities regulator in the Jurisdiction has received an application from the Filer for an order under the securities legislation of the Jurisdiction of the principal regulator (the Legislation) that the Filer has ceased to be a reporting issuer in all jurisdictions of Canada in which it is a reporting issuer (the Order Sought). Under the Process for Cease to be a Reporting Issuer Applications (for a passport application):

(a) the Ontario Securities Commission is the principal regulator for this application; and

(b) the Filer has provided notice that sub-

section 4C.5(1) of Multilateral Instrument 11-102 Passport System (MI 11-102) is intended to be relied upon in British Columbia, Alberta, Saskatchewan, Mani-toba, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland.

Interpretation Terms defined in National Instrument 14-101 Definitions and MI 11-102 have the same meaning if used in this order, unless otherwise defined.

Representations This order is based on the following facts represented by the Filer: 1. the Filer is not an OTC reporting issuer under

Multilateral Instrument 51-105 Issuers Quoted in the U.S. Over-the-Counter Markets;

2. the outstanding securities of the Filer, including

debt securities, are beneficially owned, directly or indirectly, by fewer than 15 securityholders in each of the jurisdictions of Canada and fewer than 51 securityholders in total worldwide;

3. no securities of the Filer, including debt securities,

are traded in Canada or another country on a marketplace as defined in National Instrument 21-101 Marketplace Operation or any other facility for bringing together buyers and sellers of securities where trading data is publicly reported;

4. the Filer is applying for an order that the Filer has

ceased to be a reporting issuer in all of the jurisdictions of Canada in which it is a reporting issuer; and

5. the Filer is not in default of securities legislation in

any jurisdiction. Order Each of the Decision Makers is satisfied that the order meets the test set out in the Legislation for the principal regulator to make the order. The decision of the principal regulator under the Legislation is that the Order Sought is granted. “Sonny Randhawa” Deputy Director Corporate Finance Branch


October 12, 2017

(2017), 40 OSCB 8263

2.2.6 Asiamet Resources Limited National Policy 11-206 Process for Cease to be a Reporting Issuer Applications – Securities Act, s. 1(10) – Cease to be a reporting issuer in Ontario – The issuer’s securities are traded only on a market or exchange outside of Canada – Canadian residents own less than 2% of the issuer’s securities and represent less than 2% of the issuer’s total number of security holders; the issuer does not intend to do a public offering of its securities to Canadian residents, will not be a reporting issuer in a Canadian jurisdiction, is subject to the reporting requirements of UK securities laws, and all shareholders receive the same disclosure. Applicable Legislative Provisions Securities Act, R.S.O. 1990, c. S.5, as am., s. 1(10).

October 6, 2017

IN THE MATTER OF THE SECURITIES LEGISLATION OF BRITISH COLUMBIA AND ONTARIO

(the Jurisdictions)

AND

IN THE MATTER OF THE PROCESS FOR CEASE TO BE A REPORTING ISSUER APPLICATIONS

AND

IN THE MATTER OF

ASIAMET RESOURCES LIMITED (the Filer)

ORDER

Background 1 The securities regulatory authority or regulator (the Decision Maker) in each of the Jurisdictions has received an

application from the Filer for an order under the securities legislation of the Jurisdictions (the Legislation) that the Filer has ceased to be a reporting issuer under the Legislation in all jurisdictions of Canada in which it is a reporting issuer (the Order Sought). Under the Process for Cease to be a Reporting Issuer Applications (for a dual application):

(a) the British Columbia Securities Commission is the principal regulator for this application, (b) the Filer has provided notice that subsection 4C.5(1) of Multilateral Instrument 11-102 Passport

System (MI 11-102) is intended to be relied upon in Alberta, and (c) this order is the order of the principal regulator and evidences the decision of the securities

regulatory authority or regulator in Ontario.

Interpretation 2 Terms defined in National Instrument 14-101 Definitions have the same meaning if used in this order, unless otherwise

defined. Representations 3 This order is based on the following facts represented by the Filer:

1. the Filer is governed by the Bermuda Companies Act 1981 and its registered office is located in Bermuda, its head office is located in Australia and its operations offices are in Indonesia; the Filer’s records office is located at Unit 1 – 15782 Marine Drive, White Rock, British Columbia;


October 12, 2017

(2017), 40 OSCB 8264

2. the Filer is a reporting issuer in British Columbia, Alberta and Ontario (the Reporting Jurisdictions); 3. the Filer is a mineral exploration company active in Indonesia through Indonesian subsidiaries holding mineral

exploration licenses in Indonesia; 4. the Filer has no operations, employees, assets or premises in Canada, other than that its records office is

located in Canada; 5. the Filer’s main nexus to Canada is that one of the Filer’s directors is resident in Canada (Canadian Director)

and the Filer’s Corporate Secretary and Chief Financial Officer is resident in Canada (Canadian Officer); after the Filer ceases to be a reporting issuer in Canada the Corporate Secretary office will be performed by a United Kingdom resident and the Chief Financial Officer function will be performed by an Australian resident;

6. the authorized share capital of the Filer consists of 1,000,000,000 common shares (Shares), each with a par

value of US$0.01; 7. the Filer’s Shares are listed and posted for trading as depository interests through CREST (Depository

Interests) on the Alternative Investment Market (AIM) of the London Stock Exchange under the symbol “ARS”; the Filer has been trading on the AIM since 2008;

8. the Shares were listed on the TSX Venture Exchange (TSXV) under the trading symbol “ARS” but, at the

request of the Filer, were voluntarily delisted from the TSXV effective at the close of trading on February 28, 2017 (the Delisting Date);

9. the Filer is a designated foreign issuer under National Instrument 71-102 Continuous Disclosure and Other

Exemptions Relating to Foreign Issuers and is subject to the securities laws of the United Kingdom and the rules of the AIM;

10. the Filer is not in default of any of its obligations under the securities laws of the United Kingdom or the rules

of the AIM; 11. the Filer is not in default of any of its obligations under the securities laws of the Reporting Jurisdictions; 12. in support of the representations set forth in paragraphs 13 to 16 below concerning the percentage of

outstanding securities and the total number of security holders in Canada, the Filer sought and obtained information from the Filer’s registrar, Computershare Investor Services (Bermuda) Limited (Share Registrar), Computershare Investor Services PLC (Depository Interest Registrar) and analysis of the nominee holders provided by Orient Capital Corporation; the Filer undertook a thorough and diligent examination of the Filer’s share register and Depository Interest register for the purposes of determining the number, holdings, identity and geographic location of the direct and indirect holders of its outstanding Shares; the Filer believes that these inquiries were reasonable, given that its share register and the Depository Interest Registrar and the Registrar are the only official source of information on the Filer’s security holders;

13. based upon the searches conducted by the Share Registrar and the Depository Interest Registrar, as of

August 31, 2017, the Filer had: (a) 854,889,186 Shares outstanding to a total of 10,260 holders worldwide; (b) 35,082,200 share purchase options (Options) outstanding to purchase 35,082,200 Shares; and (c) 11,031,344 share purchase warrants (Warrants) outstanding to purchase 11,031,344 Shares;

14. based on the searches described in paragraph 12, at August 31, 2017, the Filer had: (a) 87 holders of Shares in Canada directly or indirectly beneficially holding 13,563,396 Shares,

representing 1.6% of the issued and outstanding Shares and less than 0.01% of the total holders of Shares worldwide;

(b) two holders of Options in Canada, the Canadian Director and the Canadian Officer, holding an

aggregate of 3,450,000 Options, representing 9.8% of the issued and outstanding Options and 8.0% of the total holders of Options worldwide;

15. none of the Warrants are held by Canadian residents;


October 12, 2017

(2017), 40 OSCB 8265

16. based on the foregoing, as of August 31, 2017, assuming full exercise of the Options held in Canada, residents of Canada do not: (a) directly or indirectly, beneficially own more than 2% of each class or series of outstanding securities

(including debt securities) of the Filer worldwide; and (b) directly or indirectly, comprise more than 2% of the total number of security holders of the Filer

worldwide.

17. the Filer is subject to all applicable requirements of (i) the corporate laws of Bermuda; (ii) the securities laws of the United Kingdom; and (iii) the rules and reporting requirements of the AIM;

18. in the last twelve months, the Filer has not conducted a prospectus offering in Canada, and since the Delisting

Date, has not taken steps to create a market for its securities in Canada; the Filer does not intend to conduct any offerings of its securities in Canada or to trade its securities in Canada on a marketplace as defined in National Instrument 21-101 Marketplace Operation;

19. the issuer only attracted a de minimis number of Canadian investors; during the twelve months prior to the

Delisting Date, the daily average volume of trading of the Shares on the TSXV accounted for 1.12% of the worldwide daily average volume of trading of the Shares on the TSXV and the AIM;

20. the Filer disseminated a news release dated September 12, 2017 announcing that it had submitted an

application to the Decision Makers for a decision that it is not a reporting issuer in the Reporting Jurisdictions and, if that decision is made, the Filer will no longer be a reporting issuer in any jurisdiction of Canada;

21. none of the Filer’s securities, including debt securities, are traded on a marketplace or listed or quoted on any

other market or exchange in Canada, and the Filer does not intend to have its securities listed, traded or quoted on such a marketplace in Canada;

22. the Shares of the Filer will remain listed on the AIM, and the Filer will be subject to the periodic and timely

disclosure requirements under the securities laws of the United Kingdom and the rules of the AIM; and 23. the Filer has provided an undertaking to the securities regulatory authority or regulator in each of the

Reporting Jurisdictions to concurrently deliver to its Canadian security holders all disclosure the Filer is required to deliver to United Kingdom-resident security holders under the securities laws of the United Kingdom and the rules of the AIM.

Order Each of the Decision Makers is satisfied that the order meets the test set out in the Legislation for the Decision Maker to make the order. The decision of the Decision Makers under the Legislation is that the Order Sought is granted. “John Hinze” Director, Corporate Finance British Columbia Securities Commission


October 12, 2017

(2017), 40 OSCB 8266

2.2.7 Sandvine Corporation – s. 1(6) of the OBCA Applicant deemed to have ceased to be offering its securities to the public under the Business Corporations Act (Ontario). Statutes Cited Business Corporations Act, R.S.O. 1990, c. B.16 as am., s. 1(6).

IN THE MATTER OF

THE BUSINESS CORPORATIONS ACT (ONTARIO), R.S.O. 1990, c. B.16, AS AMENDED

(the “OBCA”)

AND

IN THE MATTER OF SANDVINE CORPORATION

(THE “APPLICANT”)

ORDER Subsection 1(6) of the OBCA)

UPON the application of the Applicant to the Ontario Securities Commission (the “Commission”) for an order pursuant to subsection 1(6) of the OBCA to be deemed to have ceased to be offering its securities to the public; AND UPON the Applicant representing to the Commission that: 1. the Applicant is an “offering corporation” as defined in the OBCA and has an authorized capital consisting of an

unlimited number of common shares (“Common Shares”), of which 120,566,638 Common Shares are outstanding; 2. the Applicant’s registered address is located at 408 Albert Street, Waterloo, Ontario, N2L 3V3; 3. on September 21, 2017, all of the issued and outstanding Common Shares of the Applicant were purchased by PNI

Canada Acquireco Corp. (“PNI”) by way of a plan of arrangement (the “Arrangement”) entered into on July 17, 2017; 4. as a result of the Arrangement, all of the issued and outstanding Common Shares are beneficially owned, directly or

indirectly, by PNI and no other securities, including debt securities, of the Applicant are currently issued and outstanding;

5. the Applicant has no intention to seek public financing by way of an offering of securities; 6. the Applicant’s Common Shares were de-listed from the TSX effective the close of trading on September 22, 2017; and 7. on October 5, 2017, the Applicant was granted an order pursuant to subclause 1(10)(a)(ii) of the Securities Act

(Ontario) that it is not a reporting issuer in Ontario and is not a reporting issuer or the equivalent in any other jurisdiction of Canada in accordance with the simplified procedure set out in National Policy 11-206 Process for Cease to be a Reporting Issuer Applications.

AND UPON the Commission being satisfied to do so would not be prejudicial to the public interest; IT IS HEREBY ORDERED by the Commission pursuant to subsection 1(6) of the OBCA that the Applicant be deemed to have ceased to be offering its securities to the public. DATED at Toronto on this 6th day of October, 2017. “Janet Leiper” Commissioner Ontario Securities Commission “Deborah Leckman” Commissioner Ontario Securities Commission

October 12, 2017

(2017), 40 OSCB 8267

Chapter 4

Cease Trading Orders 4.1.1 Temporary, Permanent & Rescinding Issuer Cease Trading Orders

Company Name Date of Temporary Order

Date of Hearing

Date of Permanent Order

Date of Lapse/Revoke

THERE IS NOTHING TO REPORT THIS WEEK. Failure to File Cease Trade Orders

Company Name Date of Order Date of Revocation

Easy Technologies Inc. 05 October 2017

Kerr Mines Inc. 04 October 2017

Paladin Energy Ltd. 04 October 2017

Sears Canada Inc. 03 October 2017

ZoomMed Inc. 05 October 2017

4.2.1 Temporary, Permanent & Rescinding Management Cease Trading Orders

Company Name Date of Order Date of Lapse

THERE IS NOTHING TO REPORT THIS WEEK. 4.2.2 Outstanding Management & Insider Cease Trading Orders

Company Name Date of Order or Temporary Order

Date of Hearing

Date of Permanent Order

Date of Lapse/ Expire

Date of Issuer

Temporary Order

Performance Sports Group Ltd.

19 October 2016 31 October 2016 31 October 2016

Company Name Date of Order Date of Lapse

Katanga Mining Limited 15 August 2017

Canada House Wellness Group Inc. 13 September 2017

Cease Trading Orders

October 12, 2017

(2017), 40 OSCB 8268


October 12, 2017

(2017), 40 OSCB 8269

Chapter 6

Request for Comments 6.1.1 Proposed Amendments to National Instrument 94-101 Mandatory Central Counterparty Clearing of Derivatives

and Proposed Changes to Companion Policy 94-101 Mandatory Central Counterparty Clearing of Derivatives

CSA Notice and Request for Comment

Proposed Amendments to National Instrument 94-101

Mandatory Central Counterparty Clearing of Derivatives and Proposed Changes to Companion Policy 94-101

Mandatory Central Counterparty Clearing of Derivatives

October 12, 2017 Introduction The Canadian Securities Administrators (the CSA or we) are publishing the following, for a 90-day comment period expiring on January 10, 2018:

• proposed amendments (the Proposed Rule Amendments) to National Instrument 94-101 Mandatory Central Counterparty Clearing of Derivatives (the National Instrument), and

• proposed changes (the Proposed CP Changes) to Companion Policy 94-101 Mandatory Central

Counterparty Clearing of Derivatives (the CP). Together, the Proposed Rule Amendments and the Proposed CP Changes are referred to as the Proposed Amendments. We are issuing this notice to solicit comments on the Proposed Amendments. Background The CSA is proposing the Proposed Amendments based on consultations with and feedback from various market participants, and in order to more effectively and efficiently promote the underlying policy aims of the National Instrument. The National Instrument was published on January 19, 2017 and came into force on April 4, 2017 (with the exception of Saskatchewan where it came into force on April 5, 2017). The purpose of the National Instrument is to reduce counterparty risk in the over-the-counter (OTC) derivatives market by requiring certain counterparties to clear certain prescribed derivatives through a central clearing counterparty (the Clearing requirement). The Clearing requirement became effective for certain counterparties on the coming into force date of the National Instrument, and was initially scheduled to become effective for certain other counterparties on October 4, 2017. To facilitate the rule-making process for the Proposed Amendments, including this publication for comment, the CSA jurisdictions (except Ontario) have exempted from the Clearing requirement until August 20, 2018 those counterparties that would have been subject to the Clearing requirement on October 4, 2017.1 In Ontario, the Ontario Securities Commission has amended the National Instrument to extend the effective date of the Clearing requirement for those counterparties until August 20, 2018.2 Substance and Purpose of the Proposed Amendments The purpose of the Proposed Amendments is to refine the scope of counterparties to which the Clearing requirement applies and the types of derivatives that are subject to the Clearing requirement. The Proposed CP Changes correspond to the Proposed Rule Amendments.

1 Blanket Order 94-501, available on the website of the securities regulatory authority in the local jurisdiction. 2 See, in Ontario, Ontario Securities Commission, Amendment to National Instrument 94-101 Mandatory Central Counterparty Clearing of

Derivatives, published July 6, 2017.

Request for Comments

October 12, 2017

(2017), 40 OSCB 8270

Summary of the Proposed Rule Amendments Subsection 3(1) of the National Instrument currently requires a local counterparty to a transaction in a mandatory clearable derivative to submit it for clearing to a regulated clearing agency if one or more of the following apply:

• under paragraph 3(1)(a), the counterparty is a participant of the regulated clearing agency and subscribes to clearing services for the class of derivatives to which the mandatory clearable derivative belongs;

• under paragraph 3(1)(b), the counterparty is an affiliated entity of a participant referred to in paragraph 3(1)(a)

and has a month-end gross notional amount under all outstanding derivatives exceeding $1 billion, excluding derivatives to which paragraph 7(1)(a) applies;

• under paragraph 3(1)(c), the counterparty is a local counterparty in any jurisdiction of Canada, other than a

counterparty to which paragraph 3(1)(b) applies, and has had a month-end gross notional amount exceeding $500 billion combined with each affiliated entity that is a local counterparty in Canada, excluding derivatives to which paragraph 7(1)(a) applies.

Paragraphs 3(1)(b) and (c) are the subject of the Ontario amendment to the relevant effective date and the Blanket Order exemptions in all other jurisdictions, discussed above. The proposed amendments to paragraphs 3(1)(b) and (c) of the National Instrument would exclude from the Clearing requirement a trust or an investment fund that is an affiliated entity of either (i) a participant of a regulated clearing agency who subscribes to the clearing services in respect of a mandatory clearable derivative, or (ii) a local counterparty whose month-end gross notional amount under all outstanding derivatives, combined with each Canadian affiliated entity, exceeds $500 billion. As a result, those investment funds and trusts would not be subject to the Clearing requirement. Further, in calculating the gross notional amount outstanding for the purpose of the $500 billion threshold under paragraph 3(1)(c), the gross notional amount outstanding of an investment fund or a trust would no longer be aggregated with other affiliated entities. In addition, the Clearing requirement under paragraph 3(1)(c) would no longer apply to a local counterparty with a gross notional amount of outstanding derivatives of $1 billion or less excluding the notional amount of mandatory clearable derivatives to which paragraph 7(1)(a) applies. Finally, the proposed amendments relating to Appendix A of the National Instrument would remove overnight index swaps with variable notional type and forward rate agreements with variable notional type from the list of mandatory clearable derivatives as those are not currently offered for clearing by regulated clearing agencies. Local Matters Annex E to this notice is being published in any local jurisdiction where any additional information is relevant to that jurisdiction only. Contents of Annexes The following annexes form part of this CSA Notice:

Annex A Proposed Amendments to National Instrument 94-101 Mandatory Central Counterparty Clearing of Derivatives

Annex B Blackline of National Instrument 94-101 Mandatory Central Counterparty Clearing of Derivatives showing the Proposed Rule Amendments

Annex C Proposed Changes to Companion Policy 94-101 Mandatory Central Counterparty Clearing of Derivatives

Annex D Blackline of Companion Policy 94-101 Mandatory Central Counterparty Clearing of Derivatives showing the Proposed CP Changes

Annex E Local Matters

Request for Comments Please provide your comments in writing by January 10, 2018. We cannot keep submissions confidential because securities legislation in certain provinces requires publication of a summary of the written comments received during the comment period.


October 12, 2017

(2017), 40 OSCB 8271

In addition, all comments received will be posted on the websites of each of the Alberta Securities Commission at www.albertasecurities.com and the Autorité des marchés financiers at www.lautorite.qc.ca. Therefore, you should not include personal information directly in comments to be published. It is important that you state on whose behalf you are making the submission. Thank you in advance for your comments. Please address your comments to each of the following: Alberta Securities Commission Autorité des marchés financiers Financial and Consumer Services Commission (New Brunswick) Financial and Consumer Affairs Authority of Saskatchewan Manitoba Securities Commission Nova Scotia Securities Commission Nunavut Securities Office Office of the Superintendent of Securities, Newfoundland and Labrador Office of the Superintendent of Securities, Northwest Territories Office of the Yukon Superintendent of Securities Superintendent of Securities, Department of Justice and Public Safety, Prince Edward Island Please send your comments only to the following addresses. Your comments will be forwarded to the remaining jurisdictions:

Me Anne-Marie Beaudoin Corporate Secretary Autorité des marchés financiers 800, rue du Square-Victoria, 22e étage C.P. 246, tour de la Bourse Montréal (Québec) H4Z 1G3 Fax: 514-864-6381 [email protected]

Grace Knakowski Secretary Ontario Securities Commission 20 Queen Street West 22nd floor Toronto, Ontario M5H 3S8 Fax: 416-593-2318 [email protected]

Questions Please refer your questions to any of:

Lise Estelle Brault Co-Chair, CSA Derivatives Committee Senior Director, Derivatives Oversight Autorité des marchés financiers 514-395-0337, ext. 4481 [email protected]

Kevin Fine Co-Chairman, CSA Derivatives Committee Director, Derivatives Branch Ontario Securities Commission 416 593-8109 [email protected]

Paula White Deputy Director, Compliance and Oversight Manitoba Securities Commission 204-945-5195 [email protected]

Martin McGregor Legal Counsel, Corporate Finance Alberta Securities Commission 403-355-2804 [email protected]

Michael Brady Manager, Derivatives British Columbia Securities Commission 604-899-6561 [email protected] Wendy Morgan Senior Legal Counsel Financial and Consumer Services Commission (New Brunswick) 506-643-7202 [email protected]

Abel Lazarus Director, Corporate Finance Nova Scotia Securities Commission 902-424-6859

[email protected]

Liz Kutarna Deputy Director, Capital Markets, Securities Division Financial and Consumer Affairs Authority of Saskatchewan 306-787-5871 [email protected]


October 12, 2017

(2017), 40 OSCB 8272

ANNEX A

PROPOSED AMENDMENTS TO NATIONAL INSTRUMENT 94-101 MANDATORY CENTRAL COUNTERPARTY CLEARING OF DERIVATIVES

1. National Instrument 94-101 Mandatory Central Counterparty Clearing of Derivatives is amended by this

Instrument. 2. Subsection 1(1) is amended by adding the following definition:

“investment fund” has the meaning ascribed to it in National Instrument 81-106 Investment Fund Continuous Disclosure;.

3. Subsection 3(1) is amended by

(a) replacing paragraph (b) with the following:

(b) the counterparty

(i) is an affiliated entity of a participant referred to in paragraph (a), (ii) is not an investment fund or a trust, and (iii) has had, at any time after the date on which this Instrument comes into force, a month-end

gross notional amount under all outstanding derivatives exceeding $1 000 000 000 excluding derivatives to which paragraph 7(1)(a) applies;, and

(b) replacing paragraph (c) with the following:

(c) the counterparty

(i) is a local counterparty in any jurisdiction of Canada, (ii) is not an investment fund or a trust, (iii) has had, at any time after the date on which this Instrument comes into force, a month-end

gross notional amount under all outstanding derivatives, combined with each affiliated entity that is not an investment fund or a trust and that is a local counterparty in any jurisdiction of Canada, exceeding $500 000 000 000 excluding derivatives to which paragraph 7(1)(a) applies, and

(iv) has had, at any time after the date on which this Instrument comes into force, a month-end

gross notional amount under all outstanding derivatives exceeding $1 000 000 000 excluding derivatives to which paragraph 7(1)(a) applies..

4. Section 5 is amended by replacing “all” with “both”. 5. Subsection 7(1) is amended

(a) by deleting “the application of”, and (b) in paragraph (a) by replacing “if” with “and”.

6. Section 8 is amended (a) by deleting “the application of”, and (b) in paragraph (e) by replacing “is” with “was”.

7. Section 12 is amended by replacing “offers” with “offered”.


October 12, 2017

(2017), 40 OSCB 8273

8. Section 13 is amended (a) by replacing “paragraphs” with “paragraph”. (b) by replacing “(3)(1)(a)” with “3(1)(a)”.

9. Appendix A is replaced with the following:

APPENDIX A TO

NATIONAL INSTRUMENT 94-101 MANDATORY CENTRAL COUNTERPARTY CLEARING OF DERIVATIVES

MANDATORY CLEARABLE DERIVATIVES

(Subsection 1(1)) Interest Rate Swaps

Type Floating index Settlement currency

Maturity Settlement currency type

Optionality Notional type

Fixed-to-float CDOR CAD 28 days to 30 years Single currency No Constant or variable

Fixed-to-float LIBOR USD 28 days to 50 years Single currency No Constant or variable

Fixed-to-float EURIBOR EUR 28 days to 50 years Single currency No Constant or variable

Fixed-to-float LIBOR GBP 28 days to 50 years Single currency No Constant or variable

Basis LIBOR USD 28 days to 50 years Single currency No Constant or variable

Basis EURIBOR EUR 28 days to 50 years Single currency No Constant or variable

Basis LIBOR GBP 28 days to 50 years Single currency No Constant or variable

Overnight index swap

CORRA CAD 7 days to 2 years Single currency No Constant


FedFunds USD 7 days to 3 years Single currency No Constant


EONIA EUR 7 days to 3 years Single currency No Constant


SONIA GBP 7 days to 3 years Single currency No Constant

Forward Rate Agreements




Forward rate agreement

LIBOR USD 3 days to 3 years Single currency No Constant


EURIBOR EUR 3 days to 3 years Single currency No Constant


LIBOR GBP 3 days to 3 years Single currency No Constant

10. This Instrument comes into force on [insert date here].


October 12, 2017

(2017), 40 OSCB 8274

ANNEX B

BLACKLINE OF NATIONAL INSTRUMENT 94-101 MANDATORY CENTRAL COUNTERPARTY CLEARING OF DERIVATIVES SHOWING THE PROPOSED RULE AMENDMENTS

NATIONAL INSTRUMENT 94-101

MANDATORY CENTRAL COUNTERPARTY CLEARING OF DERIVATIVES

This Annex sets out a blackline showing the Proposed Rule Amendments to National Instrument 94-101 Mandatory Central Counterparty Clearing of Derivatives, as set out in Annex A.

PART 1

DEFINITIONS AND INTERPRETATION Definitions and interpretation 1. (1) In this Instrument

“investment fund” has the meaning ascribed to it in National Instrument 81-106 Investment Fund Continuous Disclosure; “local counterparty” means a counterparty to a derivative if, at the time of execution of the transaction, either of the following applies:

(a) the counterparty is a person or company, other than an individual, to which one or more of the

following apply: (i) the person or company is organized under the laws of the local jurisdiction; (ii) the head office of the person or company is in the local jurisdiction; (iii) the principal place of business of the person or company is in the local jurisdiction;

(b) the counterparty is an affiliated entity of a person or company referred to in paragraph (a) and the person or company is liable for all or substantially all the liabilities of the counterparty;

“mandatory clearable derivative” means a derivative within a class of derivatives listed in Appendix A; “participant” means a person or company that has entered into an agreement with a regulated clearing agency to access the services of the regulated clearing agency and is bound by the regulated clearing agency’s rules and procedures; “regulated clearing agency” means,

(a) in Alberta, New Brunswick, Newfoundland and Labrador, the Northwest Territories, Nova Scotia,

Nunavut, Prince Edward Island, Saskatchewan and Yukon, a person or company recognized or exempted from recognition as a clearing agency or clearing house pursuant to the securities legislation of any jurisdiction of Canada,

(b) in British Columbia, Manitoba and Ontario, a person or company recognized or exempted from

recognition as a clearing agency in the local jurisdiction, and (c) in Québec, a person recognized or exempted from recognition as a clearing house;

“transaction” means any of the following: (a) entering into a derivative or making a material amendment to, assigning, selling or otherwise

acquiring or disposing of a derivative; (b) the novation of a derivative, other than a novation with a clearing agency or clearing house.

(2) In this Instrument, a person or company is an affiliated entity of another person or company if one of them controls the other or each of them is controlled by the same person or company.


October 12, 2017

(2017), 40 OSCB 8275

(3) In this Instrument, a person or company (the first party) is considered to control another person or company (the second party) if any of the following apply:

(a) the first party beneficially owns or directly or indirectly exercises control or direction over securities of the

second party carrying votes which, if exercised, would entitle the first party to elect a majority of the directors of the second party unless the first party holds the voting securities only to secure an obligation;

(b) the second party is a partnership, other than a limited partnership, and the first party holds more than 50% of

the interests of the partnership; (c) the second party is a limited partnership and the general partner of the limited partnership is the first party; (d) the second party is a trust and a trustee of the trust is the first party.

(4) In this Instrument, in Alberta, British Columbia, New Brunswick, Newfoundland and Labrador, the Northwest Territories, Nova Scotia, Nunavut, Prince Edward Island, Saskatchewan and Yukon, “derivative” means a “specified derivative” as defined in Multilateral Instrument 91-101 Derivatives: Product Determination. Application 2. This Instrument applies to,

(a) in Manitoba,

(i) a derivative other than a contract or instrument that, for any purpose, is prescribed by any of sections 2, 4 and 5 of Manitoba Securities Commission Rule 91-506 Derivatives: Product Determination not to be a derivative, and

(ii) a derivative that is otherwise a security and that, for any purpose, is prescribed by section 3 of

Manitoba Securities Commission Rule 91-506 Derivatives: Product Determination not to be a security,

(b) in Ontario,

(i) a derivative other than a contract or instrument that, for any purpose, is prescribed by any of sections 2, 4 and 5 of Ontario Securities Commission Rule 91-506 Derivatives: Product Determination not to be a derivative, and

(ii) a derivative that is otherwise a security and that, for any purpose, is prescribed by section 3 of

Ontario Securities Commission Rule 91-506 Derivatives: Product Determination not to be a security, and

(c) in Québec, a derivative specified in section 1.2 of Regulation 91-506 respecting derivatives determination,

other than a contract or instrument specified in section 2 of that regulation.

In each other local jurisdiction, this Instrument applies to a derivative as defined in subsection 1(4) of this Instrument. This text box does not form part of this Instrument and has no official status.

PART 2

MANDATORY CENTRAL COUNTERPARTY CLEARING Duty to submit for clearing 3. (1) A local counterparty to a transaction in a mandatory clearable derivative must submit, or cause to be submitted, the mandatory clearable derivative for clearing to a regulated clearing agency that offers clearing services in respect of the mandatory clearable derivative, if one or more of the following applies to each counterparty:

(a) the counterparty

(i) is a participant of a regulated clearing agency that offers clearing services in respect of the mandatory clearable derivative, and


October 12, 2017

(2017), 40 OSCB 8276

(ii) subscribes to clearing services for the class of derivatives to which the mandatory clearable derivative belongs;

(b) the counterparty

(i) is an affiliated entity of a participant referred to in paragraph (a), (ii) is not an investment fund or a trust, and (iii) (ii) has had, at any time after the date on which this Instrument comes into force, a month-end gross

notional amount under all outstanding derivatives exceeding $1 000 000 000 excluding derivatives to which paragraph 7(1)(a) applies;

(c) the counterparty

(i) is a local counterparty in any jurisdiction of Canada, other than a counterparty to which paragraph (b)

applies, and (ii) is not an investment fund or a trust, (iii) (ii) has had, at any time after the date on which this Instrument comes into force, a month-end gross

notional amount under all outstanding derivatives, combined with each affiliated entity that is not an investment fund or a trust and that is a local counterparty in any jurisdiction of Canada, exceeding $500 000 000 000 excluding derivatives to which paragraph 7(1)(a) applies., and

(iv) has had, at any time after the date on which this Instrument comes into force, a month-end gross

notional amount under all outstanding derivatives exceeding $1 000 000 000 excluding derivatives to which paragraph 7(1)(a) applies.

(2) Unless paragraph (1)(a) applies, a local counterparty to which paragraph (1)(b) or (1)(c) applies is not required to

submit a mandatory clearable derivative for clearing to a regulated clearing agency if the transaction in the mandatory clearable derivative was executed before the 90th day after the end of the month in which the month-end gross notional amount first exceeded the amount specified in subparagraph (1)(b)(ii) or (1)(c)(ii), as applicable.

(3) Unless subsection (2) applies, a local counterparty to which subsection (1) applies must submit a mandatory clearable

derivative for clearing no later than (a) the end of the day of execution if the transaction is executed during the business hours of the regulated

clearing agency, or (b) the end of the next business day if the transaction is executed after the business hours of the regulated

clearing agency.

(4) A local counterparty to which subsection (1) applies must submit the mandatory clearable derivative for clearing in accordance with the rules of the regulated clearing agency, as amended from time to time.

(5) A counterparty that is a local counterparty solely pursuant to paragraph (b) of the definition of “local counterparty” in

section 1 is exempt from this section if the mandatory clearable derivative is submitted for clearing in accordance with the law of a foreign jurisdiction to which the counterparty is subject, set out in Appendix B.

Notice of rejection 4. If a regulated clearing agency rejects a mandatory clearable derivative submitted for clearing, the regulated clearing

agency must immediately notify each local counterparty to the mandatory clearable derivative. Public disclosure of clearable and mandatory clearable derivatives 5. A regulated clearing agency must do allboth of the following:

(a) publish a list of each derivative or class of derivatives for which the regulated clearing agency offers clearing services and state whether each derivative or class of derivatives is a mandatory clearable derivative;

(b) make the list accessible to the public at no cost on its website.


October 12, 2017

(2017), 40 OSCB 8277

PART 3 EXEMPTIONS FROM MANDATORY CENTRAL COUNTERPARTY CLEARING

Non-application 6. This Instrument does not apply to the following counterparties:

(a) the government of Canada, the government of a jurisdiction of Canada or the government of a foreign jurisdiction;

(b) a crown corporation for which the government of the jurisdiction where the crown corporation was constituted

is liable for all or substantially all the liabilities; (c) a person or company wholly owned by one or more governments referred to in paragraph (a) if the

government or governments are liable for all or substantially all the liabilities of the person or company; (d) the Bank of Canada or a central bank of a foreign jurisdiction; (e) the Bank for International Settlements; (f) the International Monetary Fund.

Intragroup exemption 7. (1) A local counterparty is exempt from the application of section 3, with respect to a mandatory clearable derivative, if all

of the following apply: (a) the mandatory clearable derivative is between a counterparty and an affiliated entity of the counterparty ifand

each of the counterparty and the affiliated entity are consolidated as part of the same audited consolidated financial statements prepared in accordance with “accounting principles” as defined in National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards;

(b) both counterparties to the mandatory clearable derivative agree to rely on this exemption; (c) the mandatory clearable derivative is subject to a centralized risk management program reasonably designed

to assist in monitoring and managing the risks associated with the derivative between the counterparties through evaluation, measurement and control procedures;

(d) there is a written agreement between the counterparties setting out the terms of the mandatory clearable

derivative between the counterparties.

(2) No later than the 30th day after a local counterparty first relies on subsection (1) in respect of a mandatory clearable derivative with a counterparty, the local counterparty must deliver electronically to the regulator or securities regulatory authority a completed Form 94-101F1 Intragroup Exemption.

(3) No later than the 10th day after a local counterparty becomes aware that the information in a previously delivered Form

94-101F1 Intragroup Exemption is no longer accurate, the local counterparty must deliver or cause to be delivered electronically to the regulator or securities regulatory authority an amended Form 94-101F1 Intragroup Exemption.

Multilateral portfolio compression exemption 8. A local counterparty is exempt from the application of section 3, with respect to a mandatory clearable derivative

resulting from a multilateral portfolio compression exercise, if all of the following apply: (a) the mandatory clearable derivative is entered into as a result of more than 2 counterparties changing or

terminating and replacing existing derivatives; (b) the existing derivatives do not include a mandatory clearable derivative entered into after the effective date on

which the class of derivatives became a mandatory clearable derivative; (c) the existing derivatives were not cleared by a clearing agency or clearing house; (d) the mandatory clearable derivative is entered into by the same counterparties as the existing derivatives;


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(e) the multilateral portfolio compression exercise iswas conducted by an independent third-party.

Recordkeeping 9. (1) A local counterparty to a mandatory clearable derivative that relied on section 7 or 8 with respect to a mandatory

clearable derivative must keep records demonstrating that the conditions referred to in those sections, as applicable, were satisfied.

(2) The records required to be maintained under subsection (1) must be kept in a safe location and in a durable form for a

period of

(a) except in Manitoba, 7 years following the date on which the mandatory clearable derivative expires or is terminated, and

(b) in Manitoba, 8 years following the date on which the mandatory clearable derivative expires or is terminated.

PART 4

MANDATORY CLEARABLE DERIVATIVES Submission of information on derivatives clearing services provided by a regulated clearing agency 10. No later than the 10th day after a regulated clearing agency first offers clearing services for a derivative or class of

derivatives, the regulated clearing agency must deliver electronically to the regulator or securities regulatory authority a completed Form 94-101F2 Derivatives Clearing Services, identifying the derivative or class of derivatives.

PART 5

EXEMPTION Exemption 11. (1) The regulator or the securities regulatory authority may grant an exemption to this Instrument, in whole or in part,

subject to such conditions or restrictions as may be imposed in the exemption. (2) Despite subsection (1), in Ontario, only the regulator may grant an exemption. (3) Except in Alberta and Ontario, an exemption referred to in subsection (1) is granted under the statute referred to in

Appendix B of National Instrument 14-101 Definitions opposite the name of the local jurisdiction.

PART 6 TRANSITION AND EFFECTIVE DATE

Transition – regulated clearing agency filing requirement 12. No later than May 4, 2017, a regulated clearing agency must deliver electronically to the regulator or securities

regulatory authority a completed Form 94-101F2 Derivatives Clearing Services, identifying all derivatives or classes of derivatives for which it offersoffered clearing services on April 4, 2017.

Transition – certain counterparties’ submission for clearing 13. A counterparty specified in paragraphsparagraph (3)(1)(b) or (c) to which paragraph (3)(1)(a) does not apply is not

required to submit a mandatory clearable derivative for clearing to a regulated clearing agency until October 4, 2017. Effective date 14. (1) This Instrument comes into force on April 4, 2017. (2) In Saskatchewan, despite subsection (1), if these regulations are filed with the Registrar of Regulations after April 4,

2017, these regulations come into force on the day on which they are filed with the Registrar of Regulations.


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APPENDIX A TO


MANDATORY CLEARABLE DERIVATIVES

(Subsection 1(1)) Interest Rate Swaps




Fixed-to-float CDOR CAD 28 days to 30 years Single currency No Constant or variable

Fixed-to-float LIBOR USD 28 days to 50 years Single currency No Constant or variable

Fixed-to-float EURIBOR EUR 28 days to 50 years Single currency No Constant or variable

Fixed-to-float LIBOR GBP 28 days to 50 years Single currency No Constant or variable

Basis LIBOR USD 28 days to 50 years Single currency No Constant or variable

Basis EURIBOR EUR 28 days to 50 years Single currency No Constant or variable

Basis LIBOR GBP 28 days to 50 years Single currency No Constant or variable


CORRA CAD 7 days to 2 years Single currency No Constant or variable


FedFunds USD 7 days to 3 years Single currency No Constant or variable


EONIA EUR 7 days to 3 years Single currency No Constant or variable


SONIA GBP 7 days to 3 years Single currency No Constant or variable

Forward Rate Agreements





LIBOR USD 3 days to 3 years Single currency No Constant or variable


EURIBOR EUR 3 days to 3 years Single currency No Constant or variable


LIBOR GBP 3 days to 3 years Single currency No Constant or variable


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APPENDIX B TO


LAWS, REGULATIONS OR INSTRUMENTS OF FOREIGN JURISDICTIONS

APPLICABLE FOR SUBSTITUTED COMPLIANCE (Subsection 3(5))

Foreign jurisdiction Laws, regulations or instruments

European Union Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories

United States of America Clearing Requirement and Related Rules, 17 C.F.R. pt. 50


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FORM 94-101F1 INTRAGROUP EXEMPTION

Type of Filing: INITIAL AMENDMENT Section 1 – Information on the entity delivering this Form 1. Provide the following information with respect to the entity delivering this Form: Full legal name: Name under which it conducts business, if different: Head office Address: Mailing address (if different): Telephone: Website: Contact employee Name and title: Telephone: Email: Other offices Address: Telephone: Email: Canadian counsel (if applicable) Firm name: Contact name: Telephone: Email: 2. In addition to providing the information required in item 1, if this Form is delivered for the purpose of reporting a name

change on behalf of the entity referred to in item 1, provide the following information: Previous full legal name: Previous name under which the entity conducted business: Section 2 – Combined notification on behalf of counterparties within the group to which the entity delivering this Form belongs 1. For the mandatory clearable derivatives to which this Form relates, provide all of the following information in the table

below: (a) the legal entity identifier of each counterparty in the same manner as required under the following instruments:

(i) in Alberta, British Columbia, New Brunswick, Newfoundland and Labrador, the Northwest Territories,

Nova Scotia, Nunavut, Prince Edward Island, Saskatchewan and Yukon, Multilateral Instrument 96-101 Trade Repositories and Derivatives Data Reporting,

(ii) in Manitoba, Manitoba Securities Commission Rule 91-507 Trade Repositories and Derivatives Data

Reporting, (iii) in Ontario, Ontario Securities Commission Rule 91-507 Trade Repositories and Derivatives Data

Reporting, and (iv) in Québec, Regulation 91-507 respecting Trade Repositories and Derivatives Data Reporting;


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(b) whether each counterparty is a local counterparty in a jurisdiction of Canada.

Pairs LEI of counterparty 1

Jurisdiction(s) of Canada in which

counterparty 1 is a local counterparty

LEI of counterparty 2

Jurisdiction(s) of Canada in which counterparty 2 is a

local counterparty

1

2. Describe the ownership and control structure of the counterparties identified in item 1. Section 3 – Certification I certify that I am authorized to deliver this Form on behalf of the entity delivering this Form and on behalf of the counterparties identified in Section 2 of this Form and that the information in this Form is true and correct. DATED at ____________ this ________ day of _________________, 20____ ________________________________________________________ (Print name of authorized person) ________________________________________________________ (Print title of authorized person) ________________________________________________________ (Signature of authorized person) _________________________________ (Email) _________________________________ (Phone number)


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FORM 94-101F2 DERIVATIVES CLEARING SERVICES

Type of Filing: INITIAL AMENDMENT Section 1 – Regulated clearing agency information 1. Full name of regulated clearing agency: 2. Contact information of person authorized to deliver this form Name and title: Telephone: Email: Section 2 – Description of derivatives 1. Identify each derivative or class of derivatives for which the regulated clearing agency offers clearing services in

respect of which a Form 94-101F2 has not previously been delivered. 2. For each derivative or class of derivatives referred to in item 1, describe all significant attributes of the derivative or

class of derivatives including (a) the standard practices for managing life-cycle events associated with the derivative or class of derivatives, as

defined in the following instruments: (i) in Alberta, British Columbia, New Brunswick, Newfoundland and Labrador, the Northwest Territories,

Nova Scotia, Nunavut, Prince Edward Island, Saskatchewan and Yukon, Multilateral Instrument 96-101 Trade Repositories and Derivatives Data Reporting;

(ii) in Manitoba, Manitoba Securities Commission Rule 91-507 Trade Repositories and Derivatives Data

Reporting; (iii) in Ontario, Ontario Securities Commission Rule 91-507 Trade Repositories and Derivatives Data

Reporting; (iv) in Québec, Regulation 91-507 respecting Trade Repositories and Derivatives Data Reporting,

(b) the extent to which the transaction is confirmable electronically, (c) the degree of standardization of the contractual terms and operational processes, (d) the market for the derivative or class of derivatives, including its participants, and (e) the availability of pricing and liquidity of the derivative or class of derivatives within Canada and internationally.

3. Describe the impact of providing clearing services for each derivative or class of derivatives referred to in item 1 on the regulated clearing agency’s risk management framework and financial resources, including the protection of the regulated clearing agency on the default of a participant and the effect of the default on the other participants.

4. Describe the impact, if any, on the regulated clearing agency’s ability to comply with its regulatory obligations should

the regulator or securities regulatory authority determine a derivative or class of derivatives referred to in item 1 to be a mandatory clearable derivative.

5. Describe the clearing services offered for each derivative or class of derivatives referred to in item 1. 6. If applicable, attach a copy of every notice the regulated clearing agency provided to its participants for consultation on

the launch of the clearing service for a derivative or class of derivatives referred to in item 1 and a summary of concerns received in response to the notice.


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Section 3 – Certification

CERTIFICATE OF REGULATED CLEARING AGENCY I certify that I am authorized to deliver this form on behalf of the regulated clearing agency named below and that the information in this form is true and correct. DATED at ____________ this ________ day of _________________, 20____ ________________________________________________________ (Print name of regulated clearing agency) ________________________________________________________ (Print name of authorized person) ________________________________________________________ (Print title of authorized person) ________________________________________________________ (Signature of authorized person)


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ANNEX C

PROPOSED CHANGES TO COMPANION POLICY 94-101 MANDATORY CENTRAL COUNTERPARTY CLEARING OF DERIVATIVES

1. Companion Policy 94-101 Mandatory Central Counterparty Clearing of Derivatives is changed by this

Document. 2. Subsection 3(1) is replaced with the following:

Subsection 3(1) – Duty to submit for clearing The duty to submit a mandatory clearable derivative for clearing to a regulated clearing agency only applies at the time the transaction is executed. If a derivative or class of derivatives is determined to be a mandatory clearable derivative after the date of execution of a transaction in that derivative or class of derivatives, we would not expect a local counterparty to submit the mandatory clearable derivative for clearing. Therefore, we would not expect a local counterparty to clear a mandatory clearable derivative entered into as a result of a counterparty exercising a swaption that was entered into before the effective date of the Instrument or the date on which the derivative became a mandatory clearable derivative. Similarly, we would not expect a local counterparty to clear an extendible swap that was entered into before the effective date of the Instrument or the date on which the derivative became a mandatory clearable derivative and extended in accordance with the terms of the contract after such date. However, if after a derivative or class of derivatives is determined to be a mandatory clearable derivative, there is another transaction in that same derivative, including a material amendment to a previous transaction (as discussed in subsection 1(1) above), that derivative will be subject to the mandatory central counterparty clearing requirement. Where a derivative is not subject to the mandatory central counterparty clearing requirement but the derivative is clearable through a regulated clearing agency, the counterparties have the option to submit the derivative for clearing at any time. For a complex swap with non-standard terms that regulated clearing agencies cannot accept for clearing, adherence to the Instrument would not require market participants to structure such derivative in a particular manner or disentangle the derivative in order to clear the component which is a mandatory clearable derivative if it serves legitimate business purposes. However, considering that it would not require disentangling, we would expect the component of a packaged transaction that is a mandatory clearable derivative to be cleared. For a local counterparty that is not a participant of a regulated clearing agency, we have used the phrase “cause to be submitted” to refer to the local counterparty’s obligation. In order to comply with subsection (1), a local counterparty would need to have arrangements in place with a participant for clearing services in advance of entering into a mandatory clearable derivative. A transaction in a mandatory clearable derivative is required to be cleared when at least one of the counterparties is a local counterparty and one or more of paragraphs (a), (b) or (c) apply to both counterparties. For example, a local counterparty under any of paragraphs (a), (b) or (c) must clear a mandatory clearable derivative entered into with another local counterparty under any of paragraphs (a), (b) or (c). As a further example, a local counterparty under any of paragraphs (a), (b) or (c) must also clear a mandatory clearable derivative with a foreign counterparty under paragraphs (a) or (b). For instance, a local counterparty that is an affiliated entity of a foreign participant would be subject to mandatory central counterparty clearing for a mandatory clearable derivative with a foreign counterparty that is an affiliated entity of another foreign participant considering that there is one local counterparty to the transaction and both counterparties meet the criteria under paragraph (b). An investment fund or a trust would not be subject to the Instrument unless the investment fund or the trust is a participant under paragraph (a). A local counterparty that has not had a month-end gross notional amount of outstanding derivatives exceeding the $1 billion threshold in subparagraph (b)(iii) or (c)(iv), for any month following the entry into force of the Instrument, would not be subject to the Instrument. Pursuant to paragraph (c) a local counterparty that is not an investment fund or a trust and that has had a month-end gross notional amount of outstanding derivatives that exceeds the $500 billion threshold in subparagraph (c)(iii) must clear a mandatory clearable derivative entered into with another counterparty that meets the criteria under paragraph (a), (b) or (c). In order to determine whether the $500 billion threshold in subparagraph (c)(iii) is exceeded, a local counterparty must add the gross notional amount of all outstanding derivatives of its affiliated entities that are also local counterparties, to its own. However, investments funds and trusts that are affiliated entities of the local counterparty are not included in the calculation.


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Where a local counterparty is a member of a group of affiliated entities that exceeds the $500 billion threshold but that local counterparty is not itself over the $1 billion threshold in subparagraph (c)(iv), it is not required to clear. The calculation of the gross notional amount outstanding under paragraphs (b) and (c) excludes derivatives with affiliated entities whose financial statements are prepared on a consolidated basis. A local counterparty that is a participant at a regulated clearing agency, but does not subscribe to clearing services for the class of derivatives to which the mandatory clearable derivative belongs would still be required to clear if it is subject to paragraph (c). A local counterparty subject to mandatory central counterparty clearing that engages in a mandatory clearable derivative is responsible for determining whether the other counterparty is also subject to mandatory central counterparty clearing. To do so, the local counterparty may rely on the factual statements made by the other counterparty, provided that it does not have reasonable grounds to believe that such statements are false. We would not expect that all the counterparties of a local counterparty provide their status as most counterparties would not be subject to the Instrument. However, a local counterparty cannot rely on the absence of a declaration from a counterparty to avoid the requirement to clear. Instead, when no information is provided by a counterparty, the local counterparty may use factual statements or available information to assess whether the mandatory clearable derivative is required to be cleared in accordance with the Instrument. We would expect counterparties subject to the Instrument to exercise reasonable judgement in determining whether a person or company may be near or above the thresholds set out in paragraphs (b) and (c). We would expect a counterparty subject to the Instrument to solicit confirmation from its counterparty where there is reasonable basis to believe that the counterparty may be near or above any of the thresholds. The status of a counterparty under this subsection should be determined before entering into a mandatory clearable derivative. We would not expect a local counterparty to clear a mandatory clearable derivative entered into after the Instrument came into effect, but before one of the counterparties was captured under one of paragraphs (a), (b) or (c) unless there is a material amendment to the derivative.

3. These changes become effective on [insert date here].


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ANNEX D BLACKLINE OF COMPANION POLICY 94-101

MANDATORY CENTRAL COUNTERPARTY CLEARING OF DERIVATIVES SHOWING THE PROPOSED CP CHANGES

COMPANION POLICY 94-101

MANDATORY CENTRAL COUNTERPARTY CLEARING OF DERIVATIVES

This Annex sets out a blackline showing the Proposed Changes to Companion Policy 94-101 Mandatory Central Counterparty Clearing of Derivatives, as set out in Annex C.

GENERAL COMMENTS Introduction This Companion Policy sets out how the Canadian Securities Administrators (the “CSA” or “we”) interpret or apply the provisions of National Instrument 94-101 Mandatory Central Counterparty Clearing of Derivatives (“NI 94-101” or the “Instrument”) and related securities legislation. The numbering of Parts and sections in this Companion Policy correspond to the numbering in NI 94-101. Any specific guidance on sections in NI 94-101 appears immediately after the section heading. If there is no guidance for a section, the numbering in this Companion Policy will skip to the next provision that does have guidance. SPECIFIC COMMENTS Unless defined in NI 94-101 or explained in this Companion Policy, terms used in NI 94-101 and in this Companion Policy have the meaning given to them in the securities legislation of the jurisdiction including National Instrument 14-101 Definitions. In this Companion Policy, “Product Determination Rule” means,

in Alberta, British Columbia, New Brunswick, Newfoundland and Labrador, the Northwest Territories, Nova Scotia, Nunavut, Prince Edward Island, Saskatchewan and Yukon, Multilateral Instrument 91-101 Derivatives: Product Determination, in Manitoba, Manitoba Securities Commission Rule 91-506 Derivatives: Product Determination, in Ontario, Ontario Securities Commission Rule 91-506 Derivatives: Product Determination, and in Québec, Regulation 91-506 respecting Derivatives Determination.

In this Companion Policy, “TR Instrument” means, in Alberta, British Columbia, New Brunswick, Newfoundland and Labrador, the Northwest Territories, Nova Scotia, Nunavut, Prince Edward Island, Saskatchewan and Yukon, Multilateral Instrument 96-101 Trade Repositories and Derivatives Data Reporting, in Manitoba, Manitoba Securities Commission Rule 91-507 Trade Repositories and Derivatives Data Reporting, in Ontario, Ontario Securities Commission Rule 91-507 Trade Repositories and Derivatives Data Reporting, and in Québec, Regulation 91-507 respecting Trade Repositories and Derivatives Data Reporting.

PART 1 DEFINITIONS AND INTERPRETATION

Subsection 1(1) – Definition of “participant” A “participant” of a regulated clearing agency is bound by the rules and procedures of the regulated clearing agency due to the contractual agreement with the regulated clearing agency.


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Subsection 1(1) – Definition of “regulated clearing agency” It is intended that only a “regulated clearing agency” that acts as a central counterparty for over-the-counter derivatives be subject to the Instrument. The purpose of paragraph (a) of this definition is to allow, for certain enumerated jurisdictions, a mandatory clearable derivative involving a local counterparty in one of the listed jurisdictions to be submitted to a clearing agency that is not yet recognized or exempted in the local jurisdiction, but that is recognized or exempted in another jurisdiction of Canada. Paragraph (a) does not supersede any provision of the securities legislation of a local jurisdiction with respect to any recognition requirements for a person or company that is carrying on the business of a clearing agency in the local jurisdiction. Subsection 1(1) – Definition of “transaction” The Instrument uses the term “transaction” rather than the term “trade” in part to reflect that “trade” is defined in the securities legislation of some jurisdictions as including the termination of a derivative. We do not think the termination of a derivative should trigger mandatory central counterparty clearing. Similarly, the definition of transaction in NI 94-101 excludes a novation resulting from the submission of a derivative to a clearing agency or clearing house as this is already a cleared transaction. Finally, the definition of “transaction” is not the same as the definition found in the TR Instrument as the latter does not include a material amendment since the TR Instrument expressly provides that an amendment must be reported. In the definition of “transaction”, the expression “material amendment” is used to determine whether there is a new transaction, considering that only new transactions will be subject to mandatory central counterparty clearing under NI 94-101. If a derivative that existed prior to the coming into force of NI 94-101 is materially amended after NI 94-101 is effective, that amendment will trigger the mandatory central counterparty clearing requirement, if applicable, as it would be considered a new transaction. A material amendment is one that changes information that would reasonably be expected to have a significant effect on the derivative’s attributes, including its notional amount, the terms and conditions of the contract evidencing the derivative, the trading methods or the risks related to its use, but excluding information that is likely to have an effect on the market price or value of its underlying interest. We will consider several factors when determining whether a modification to an existing derivative is a material amendment. Examples of a modification to an existing derivative that would be a material amendment include any modification which would result in a significant change in the value of the derivative, differing cash flows, a change to the method of settlement or the creation of upfront payments.

PART 2 MANDATORY CENTRAL COUNTERPARTY CLEARING

Subsection 3(1) – Duty to submit for clearing The duty to submit a mandatory clearable derivative for clearing to a regulated clearing agency only applies at the time the transaction is executed. If a derivative or class of derivatives is determined to be a mandatory clearable derivative after the date of execution of a transaction in that derivative or class of derivatives, we would not expect a local counterparty to submit the mandatory clearable derivative for clearing. Therefore, we would not expect a local counterparty to clear a mandatory clearable derivative entered into as a result of a counterparty exercising a swaption that was entered into before the effective date of the Instrument or the date on which the derivative became a mandatory clearable derivative. Similarly, we would not expect a local counterparty to clear an extendible swap that was entered into before the effective date of the Instrument or the date on which the derivative became a mandatory clearable derivative and extended in accordance with the terms of the contract after such date. However, if after a derivative or class of derivatives is determined to be a mandatory clearable derivative, there is another transaction in that same derivative, including a material amendment to a previous transaction (as discussed in subsection 1(1) above), that derivative will be subject to the mandatory central counterparty clearing requirement. Where a derivative is not subject to the mandatory central counterparty clearing requirement but the derivative is clearable through a regulated clearing agency, the counterparties have the option to submit the derivative for clearing at any time. For a complex swap with non-standard terms that regulated clearing agencies cannot accept for clearing, adherence to the Instrument would not require market participants to structure such derivative in a particular manner or disentangle the derivative in order to clear the component which is a mandatory clearable derivative if it serves legitimate business purposes. However, considering that it would not require disentangling, we would expect the component of a packaged transaction that is a mandatory clearable derivative to be cleared. For a local counterparty that is not a participant of a regulated clearing agency, we have used the phrase “cause to be submitted” to refer to the local counterparty’s obligation. In order to comply with subsection (1), a local counterparty would need to have arrangements in place with a participant for clearing services in advance of entering into a mandatory clearable derivative.


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A transaction in a mandatory clearable derivative is required to be cleared when at least one of the counterparties is a local counterparty and one or more of paragraphs (a), (b) or (c) apply to both counterparties. For example, a local counterparty under any of paragraphs (a), (b) or (c) must clear a mandatory clearable derivative entered into with another local counterparty under any of paragraphs (a), (b) or (c). As a further example, a local counterparty under any of paragraphs (a), (b) or (c) must also clear a mandatory clearable derivative with a foreign counterparty under paragraphs (a) or (b). For instance, a local counterparty that is an affiliated entity of a foreign participant would be subject to mandatory central counterparty clearing for a mandatory clearable derivative with a foreign counterparty that is an affiliated entity of another foreign participant considering that there is one local counterparty to the transaction and both counterparties respectmeet the criteria under paragraph (b). An investment fund or a trust would not be subject to the Instrument unless the investment fund or the trust is a participant under paragraph (a). A local counterparty that has not had a month-end gross notional amount of outstanding derivatives exceeding the 1 billion threshold in paragraphssubparagraph (b)(iii) or (c)(iv), for any month following the entry into force of the Instrument, would not be subject to the Instrument. Pursuant to paragraph (c) a local counterparty that is not an investment fund or a trust and that has had a month-end gross notional amount of outstanding derivatives that exceeds the 500 billion threshold in subparagraph (c)(iii) must clear all its subsequent transactions in a mandatory clearable derivative entered into with another counterparty that meets the criteria under one or more of paragraphs (a), (b), or (c). In order to determine whether the 500 billion threshold in subparagraph (c)(iii) is exceeded, a local counterparty must add the gross notional amount of all outstanding derivatives of its affiliated entities that are also local counterparties, to its own. However, investments funds and trusts that are affiliated entities of the local counterparty are not included in the calculation. Where a local counterparty is a member of a group of affiliated entities that exceeds the 500 billion threshold but that local counterparty is not itself over the 1 billion threshold in subparagraph (c)(iv), it is not required to clear. The calculation of the gross notional amount outstanding under paragraphs (b) and (c) excludes derivatives with affiliated entities whose financial statements are prepared on a consolidated basis, which would be exempted under section 7 if they were mandatory clearable derivatives.In addition, a local counterparty determines whether it exceeds the threshold in paragraph (c) by adding the gross notional amount of all outstanding derivatives of its affiliated entities that are also local counterparties, to its own. A local counterparty that is a participant at a regulated clearing agency, but does not subscribe to clearing services for the class of derivatives to which the mandatory clearable derivative belongs would still be required to clear if it is subject to paragraph (c). A local counterparty subject to mandatory central counterparty clearing that engages in a mandatory clearable derivative is responsible for determining whether the other counterparty is also subject to mandatory central counterparty clearing. To do so, the local counterparty may rely on the factual statements made by the other counterparty, provided that it does not have reasonable grounds to believe that such statements are false. We would not expect that all the counterparties of a local counterparty provide their status as most counterparties would not be subject to the Instrument. However, a local counterparty cannot rely on the absence of a declaration from a counterparty to avoid the requirement to clear. Instead, when no information is provided by a counterparty, the local counterparty may use factual statements or available information to assess whether the mandatory clearable derivative is required to be cleared in accordance with the Instrument. We would expect counterparties subject to the Instrument to exercise reasonable judgement in determining whether a person or company may be near or above the thresholds set out in paragraphs (b) and (c). We would expect a counterparty subject to the Instrument to solicit confirmation from its counterparty where there is reasonable basis to believe that the counterparty may be near or above any of the thresholds. The status of a counterparty under this subsection should be determined before entering into a mandatory clearable derivative. We would not expect a local counterparty to clear a mandatory clearable derivative entered into after the Instrument came into effect, but before one of the counterparties was captured under one of paragraphs (a), (b) or (c) unless there is a material amendment to the derivative. Subsection 3(2) – 90-day transition This subsection provides that only transactions in mandatory clearable derivatives executed on or after the 90th day after the end of the month in which the local counterparty first exceeded the threshold are subject to subsection 3(1). We do not intend that transactions executed between the 1st day on which the local counterparty became subject to subsection 3(1) and the 90th day be back-loaded after the 90th day.


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Subsection 3(3) – Submission to a regulated clearing agency We would expect that a transaction subject to mandatory central counterparty clearing be submitted to a regulated clearing agency as soon as practicable, but no later than the end of the day on which the transaction was executed or if the transaction occurs after business hours of the regulated clearing agency, the next business day. Subsection 3(5) – Substituted compliance Substituted compliance is only available to a local counterparty that is a foreign affiliated entity of a counterparty organized under the laws of the local jurisdiction or with a head office or principal place of business in the local jurisdiction and that is responsible for all or substantially all the liabilities of the affiliated entity. The local counterparty would still be subject to the Instrument, but its mandatory clearable derivatives, as per the definition under the Instrument, may be cleared at a clearing agency pursuant to a foreign law listed in Appendix B if the counterparty is subject to and compliant with that foreign law. Despite the ability to clear pursuant to a foreign law listed in Appendix B, the local counterparty is still required to fulfill the other requirements in the Instrument, as applicable. These include the retention period for the record keeping requirement and the submission of a completed Form 94-101F1 Intragroup Exemption to the regulator or securities regulatory authority in a jurisdiction of Canada when relying on an exemption regarding mandatory clearable derivatives entered into with an affiliated entity.

PART 3 EXEMPTIONS FROM MANDATORY CENTRAL COUNTERPARTY CLEARING

Section 6 – Non-application A mandatory clearable derivative involving a counterparty that is an entity referred to in section 6 is not subject to the requirement under section 3 to submit a mandatory clearable derivative for clearing even if the other counterparty is otherwise subject to it. The expression “government of a foreign jurisdiction” in paragraph (a) is interpreted as including sovereign and sub-sovereign governments. Section 7 – Intragroup exemption The Instrument does not require an outward-facing transaction in a mandatory clearable derivative entered into by a foreign counterparty that meets paragraph 3(1)(a) or (b) to be cleared in order for the foreign counterparty and its affiliated entity that is a local counterparty subject to the Instrument to rely on this exemption. However, we would expect a local counterparty to not abuse this exemption in order to evade mandatory central counterparty clearing. It would be considered evasion if the local counterparty uses a foreign affiliated entity or another member of its group to enter into a mandatory clearable derivative with a foreign counterparty that meets paragraph 3(1)(a) or (b) and then do a back-to-back transaction or enter into the same derivative relying on the intragroup exemption where the local counterparty would otherwise have been required to clear the mandatory clearable derivative if it had entered into it directly with the non-affiliated counterparty. Subsection 7(1) – Requisite conditions for intragroup exemption The intragroup exemption is based on the premise that the risk created by mandatory clearable derivatives entered into between counterparties in the same group is expected to be managed in a centralized manner to allow for the risk to be identified and managed appropriately. This subsection sets out the conditions that must be met for the counterparties to use the intragroup exemption for a mandatory clearable derivative. The expression “consolidated financial statements” in paragraph (a) is interpreted as financial statements in which the assets, liabilities, equity, income, expenses and cash flows of each of the counterparty and the affiliated entity are consolidated as part of a single economic entity. Affiliated entities may rely on paragraph (a) for a mandatory clearable derivative as soon as they meet the criteria to consolidate their financial statements together. Indeed, we would not expect affiliated entities to wait until their next financial statements are produced to benefit from this exemption if they will be consolidated. If the consolidated financial statements referred to in paragraph 7(1)(a) are not prepared in accordance with IFRS, Canadian GAAP or U.S. GAAP, we would expect that the consolidated financial statements be prepared in accordance with the generally


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(2017), 40 OSCB 8291

accepted accounting principles of a foreign jurisdiction where one or more of the affiliated entities has a significant connection, such as where the head office or principal place of business of one or both of the affiliated entities, or their parent, is located. Paragraph (c) refers to a system of risk management policies and procedures designed to monitor and manage the risks associated with a mandatory clearable derivative. We expect that such procedures would be regularly reviewed. We are of the view that counterparties relying on this exemption may structure their centralized risk management according to their unique needs, provided that the program reasonably monitors and manages risks associated with non-centrally cleared derivatives. We would expect that, for a risk management program to be considered centralized, the evaluation, measurement and control procedures would be applied by a counterparty to the mandatory clearable derivative or an affiliated entity of both counterparties to the derivative. Paragraph (d) refers to the terms governing the trading relationship between the affiliated entities for the mandatory clearable derivative that is not cleared as a result of the intragroup exemption. We would expect that the written agreement be dated and signed by the affiliated entities. An ISDA master agreement, for instance, would be acceptable. Subsection 7(2) – Submission of Form 94-101F1 Within 30 days after two affiliated entities first rely on the intragroup exemption in respect of a mandatory clearable derivative, a local counterparty must deliver, or cause to be delivered, to the regulator or securities regulatory authority a completed Form 94-101F1 Intragroup Exemption (“Form 94-101F1”) to notify the regulator or securities regulatory authority that the exemption is being relied upon. The information provided in the Form 94-101F1 will aid the regulator or securities regulatory authority in better understanding the legal and operational structure allowing counterparties to benefit from the intragroup exemption. The parent or the entity responsible to perform the centralized risk management for the affiliated entities using the intragroup exemption may deliver the completed Form 94-101F1 on behalf of the affiliated entities. For greater clarity, a completed Form 94-101F1 could be delivered for the group by including each pairing of counterparties that seek to rely on the intragroup exemption. One completed Form 94-101F1 is valid for every mandatory clearable derivative between any pair of counterparties listed on the completed Form 94-101F1 provided that the requirements set out in subsection (1) are complied with. Subsection 7(3) – Amendments to Form 94-101F1 Examples of changes to the information provided that would require an amended Form 94-101F1 include: (i) a change in the control structure of one or more of the counterparties listed in Form 94-101F1, and (ii) the addition of a new local jurisdiction for a counterparty. This form may also be delivered by an agent. Section 8 – Multilateral portfolio compression exemption A multilateral portfolio compression exercise involves more than two counterparties who wholly change or terminate some or all of their existing derivatives submitted for inclusion in the exercise and replace those derivatives with, depending on the methodology employed, other derivatives whose combined notional amount, or some other measure of risk, is less than the combined notional amount, or some other measure of risk, of the derivatives replaced by the exercise. The purpose of a multilateral portfolio compression exercise is to reduce operational or counterparty credit risk by reducing the number or notional amounts of outstanding derivatives between counterparties and the aggregate gross number or notional amounts of outstanding derivatives. Under paragraph (c), the existing derivatives submitted for inclusion in the exercise were not cleared either because they did not include a mandatory clearable derivative or because they were entered into before the class of derivatives became a mandatory clearable derivative or because the counterparty was not subject to the Instrument. We would expect a local counterparty involved in a multilateral portfolio compression exercise to comply with its credit risk tolerance levels. To do so, we expect a participant to the exercise to set its own counterparty, market and cash payment risk tolerance levels so that the exercise does not alter the risk profiles of each participant beyond a level acceptable to the participant. Consequently, we would expect existing derivatives that would be reasonably likely to significantly increase the risk exposure of the participant to not be included in the multilateral portfolio compression exercise in order for this exemption to be available. We would generally expect that a mandatory clearable derivative resulting from the multilateral portfolio compression exercise would have the same material terms as the derivatives that were replaced with the exception of reducing the number or notional amount of outstanding derivatives.


October 12, 2017

(2017), 40 OSCB 8292

Section 9 – Recordkeeping We would generally expect that reasonable supporting documentation kept in accordance with section 9 would include complete records of any analysis undertaken by the local counterparty to demonstrate it satisfies the conditions necessary to rely on the intragroup exemption under section 7 or the multilateral portfolio compression exemption under section 8, as applicable. A local counterparty subject to the mandatory central counterparty clearing requirement is responsible for determining whether, given the facts available, an exemption is available. Generally, we would expect a local counterparty relying on an exemption to retain all documents that show it properly relied on the exemption. It is not appropriate for a local counterparty to assume an exemption is available. Counterparties using the intragroup exemption under section 7 should have appropriate legal documentation between them and detailed operational material outlining the risk management techniques used by the overall parent entity and its affiliated entities with respect to the mandatory clearable derivatives benefiting from the exemption.

PART 4 MANDATORY CLEARABLE DERIVATIVES

and

PART 6

TRANSITION AND EFFECTIVE DATE Section 10 – Submission of Form 94-101F2 & Section 12 – Transition for the submission of Form 94-101F2 A regulated clearing agency must deliver a Form 94-101F2 Derivatives Clearing Services (“Form 94-101F2”) to identify all derivatives for which it provides clearing services within 30 days of the coming into force of the Instrument pursuant to section 12. A new derivative or class of derivatives added to the offering of clearing services after the Instrument is in force is declared through a Form 94-101F2 within 10 days of the launch of such service pursuant to section 10. Each regulator or securities regulatory authority has the power to determine by rule or otherwise which derivative or class of derivatives will be subject to mandatory central counterparty clearing. Furthermore, the CSA may consider the information required by Form 94-101F2 to determine whether a derivative or class of derivatives will be subject to mandatory central counterparty clearing. In the course of determining whether a derivative or class of derivatives will be subject to mandatory central counterparty clearing, the factors we will consider include the following:

(e) the derivative is available to be cleared on a regulated clearing agency; (f) the level of standardization of the derivative, such as the availability of electronic processing, the existence of

master agreements, product definitions and short form confirmations; (g) the effect of central clearing of the derivative on the mitigation of systemic risk, taking into account the size of

the market for the derivative and the available resources of the regulated clearing agency to clear the derivative;

(h) whether mandating the derivative or class of derivatives to be cleared would bring undue risk to regulated

clearing agencies; (i) the outstanding notional amount of the counterparties transacting in the derivative or class of derivatives, the

current liquidity in the market for the derivative or class of derivatives, the concentration of participants active in the market for the derivative or class of derivatives, and the availability of reliable and timely pricing data;

(j) the existence of third-party vendors providing pricing services; (k) with regards to a regulated clearing agency, the existence of an appropriate rule framework, and the existence

of capacity, operational expertise and resources, and credit support infrastructure to clear the derivative on terms that are consistent with the material terms and trading conventions on which the derivative is traded;

(l) whether a regulated clearing agency would be able to manage the risk of the additional derivatives that might

be submitted due to the mandatory central counterparty clearing requirement determination;


October 12, 2017

(2017), 40 OSCB 8293

(m) the effect on competition, taking into account appropriate fees and charges applied to clearing, and whether mandating clearing of the derivative could harm competition;

(n) alternative derivatives or clearing services co-existing in the same market; (o) the public interest.


October 12, 2017

(2017), 40 OSCB 8294

FORM 94-101F1 INTRAGROUP EXEMPTION

Submission of information on intragroup transactions by a local counterparty In paragraph (a) of item 1 in section 2, we refer to information required under section 28 of the TR Instrument. We intend to keep the forms delivered by or on behalf of a local counterparty under the Instrument confidential in accordance with the provisions of the applicable legislation. We are of the view that the forms generally contain proprietary information, and that the cost and potential risks of disclosure for the counterparties to an intragroup transaction outweigh the benefit of the principle requiring that forms be made available for public inspection. While we intend for Form 94-101F1 and any amendments to it to be kept generally confidential, if the regulator or securities regulatory authority considers that it is in the public interest to do so, it may require the public disclosure of a summary of the information contained in such form, or amendments to it.


October 12, 2017

(2017), 40 OSCB 8295

FORM 94-101F2 DERIVATIVES CLEARING SERVICES

Submission of information on clearing services of derivatives by the regulated clearing agency Paragraphs (a), (b) and (c) of item 2 in section 2 address the potential for a derivative or class of derivatives to be a mandatory clearable derivative given its level of standardization in terms of market conventions, including legal documentation, processes and procedures, and whether pre- to post- transaction operations are carried out predominantly by electronic means. The standardization of economic terms is a key input in the determination process. In paragraph (a) of item 2 in section 2, “life-cycle events” has the same meaning as in section 1 of the TR Instrument. Paragraphs (d) and (e) of item 2 in section 2 provide details to assist in assessing the market characteristics such as the activity (volume and notional amount) of a particular derivative or class of derivatives, the nature and landscape of the market for that derivative or class of derivatives and the potential impact its determination as a mandatory clearable derivative could have on market participants, including the regulated clearing agency. Assessing whether a derivative or class of derivatives should be a mandatory clearable derivative may involve, in terms of liquidity and price availability, considerations that are different from, or in addition to, the considerations used by the regulator or securities regulatory authority in permitting a regulated clearing agency to offer clearing services for a derivative or class of derivatives. Stability in the availability of pricing information will also be an important factor considered in the determination process. Metrics, such as the total number of transactions and aggregate notional amounts and outstanding positions, can be used to justify the confidence and frequency with which the pricing of a derivative or class of derivatives is calculated. We expect that the data presented cover a reasonable period of time of no less than 6 months. Suggested information to be provided on the market includes:

(c) statistics regarding the percentage of activity of participants on their own behalf and for customers, (d) average net and gross positions including the direction of positions (long or short), by type of market

participant submitting mandatory clearable derivatives directly or indirectly, and (e) average trading activity and concentration of trading activity among participants by type of market participant

submitting mandatory clearable derivatives directly or indirectly to the regulated clearing agency.


October 12, 2017

(2017), 40 OSCB 8296

ANNEX E LOCAL MATTERS – ONTARIO

Legislative Authority for Rule Making The proposed amendments to National Instrument 94-101 Mandatory Central Counteraparty Clearing of Derivatives (the “National Instrument”) will come into force under the rulemaking authority provided under subparagraph 143(1) of the Securities Act. Subparagraph 35(iii) authorizes the Ontario Securities Commission to make rules that make requirements in respect of margin, collateral, capital, clearing and settlement. Alternatives Considered by Commission No alternatives were considered. Anticipated Costs and Benefits We believe that the impact of the proposed amendments is to reduce the costs of compliance with the National Instrument and do not result in a material burden on market participants.

October 12, 2017

(2017), 40 OSCB 8297

Chapter 7

Insider Reporting

The following is a weekly summary of insider transactions by insiders of Ontario reporting issuers in SEDI ® (the System for Electronic Disclosure by Insiders).1 The weekly summary contains insider transactions reported during the 7-day period ending Sunday at 11:59 p.m. (i.e. the Sunday prior to the Bulletin Issue date).2

Guide to Codes

Relationship of Insider to Issuer (Rel=n) 1 Issuer 2 Subsidiary of Issuer 3 10% Security Holder of Issuer 4 Director of Issuer 5 Senior Officer of Issuer 6 Director or Senior Officer of 10% Security Holder 7 Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) 8 Deemed Insider – 6 Months before becoming Insider

Nature of Transaction (T/O)

00 Opening Balance-Initial SEDI Report 10 Acquisition or disposition in the public market 11 Acquisition or disposition carried out privately 15 Acquisition or disposition under a prospectus 16 Acquisition or disposition under a prospectus exemption 22 Acquisition or disposition pursuant to a take-over bid, merger or acquisition 30 Acquisition or disposition under a purchase/ ownership plan 35 Stock dividend 36 Conversion or exchange 37 Stock split or consolidation 38 Redemption, retraction, cancellation, repurchase 40 Short sale 45 Compensation for property 46 Compensation for services 47 Acquisition or disposition by gift 48 Acquisition by inheritance or disposition by bequest 50 Grant of options 51 Exercise of options 52 Expiration of options 53 Grant of warrants 54 Exercise of warrants 55 Expiration of warrants 56 Grant of rights 57 Exercise of rights 59 Exercise for cash 70 Acquisition or disposition (writing) of third party derivative 71 Exercise of third party derivative 72 Other settlement of third party 73 Expiration of third party derivative 90 Change in nature of ownership 97 Other 99 Correction of Information

Note: The asterisk in the “Date/Month End Holding” column indicates the insider disagreed with the system calculated balance when the

transaction was reported.

1 SEDI® is a registered trademark owned by CDS INC.

2 ©CDS INC.

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8298

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price

Date/Month End Holdings

Acquired/ Disposed

ABcann Global Corporation Common Shares Fishman, Barry 5 01/10/2017 00 304,117

ABcann Global Corporation Common Shares Fishman, Barry 5 02/10/2017 46 1,479,117 1,175,000

ABcann Global Corporation Options Fishman, Barry 5 01/10/2017 00 1,250,000

Aberdeen International Inc. Common Shares Miller, III, Lloyd I. 3 02/10/2017 10 0.113 8,735,000 12,000



Abitibi Royalties Inc. Common Shares Abitibi Royalties Inc. 1 22/09/2017 38 9.1086 1,400 1,400

Abitibi Royalties Inc. Common Shares Abitibi Royalties Inc. 1 28/09/2017 38 9.2 1,500 100

Abitibi Royalties Inc. Common Shares Abitibi Royalties Inc. 1 29/09/2017 38 100 -1,400

Abitibi Royalties Inc. Common Shares Abitibi Royalties Inc. 1 04/10/2017 38 0 -100

Abitibi Royalties Inc. Common Shares Ball, Ian 4, 5 03/10/2017 51 2.18 115,007 3,940

Abitibi Royalties Inc. Common Shares Ball, Ian 4, 5 03/10/2017 11 9.05 116,503 1,496

Abitibi Royalties Inc. Common Shares Ball, Ian 4, 5 04/10/2017 10 9.47 116,603 100




Abitibi Royalties Inc. Options Ball, Ian 4, 5 28/09/2017 51 60,000 -3,940

Abitibi Royalties Inc. Common Shares Doyle, Louis 4 06/10/2017 11 9.44 3,209 353

Abitibi Royalties Inc. Common Shares Mullan, Glenn J 4, 6, 5 03/10/2017 51 0.55 98,664 7,128

Abitibi Royalties Inc. Common Shares Mullan, Glenn J 4, 6, 5 03/10/2017 11 9.05 97,168 -1,496

Abitibi Royalties Inc. Common Shares Mullan, Glenn J 4, 6, 5 06/10/2017 51 0.55 98,175 1,007

Abitibi Royalties Inc. Common Shares Mullan, Glenn J 4, 6, 5 06/10/2017 11 9.44 97,822 -353

Abitibi Royalties Inc. Options Mullan, Glenn J 4, 6, 5 28/09/2017 51 190,928 -7,128

Abitibi Royalties Inc. Options Mullan, Glenn J 4, 6, 5 04/10/2017 51 189,921 -1,007

Acasta Enterprises Inc. Class B Shares Swartz, Jay 4 19/06/2017 00

Acasta Enterprises Inc. Class B Shares Swartz, Jay 4 29/09/2017 11 94,105 94,105

Acasta Enterprises Inc. Warrants Swartz, Jay 4 19/06/2017 00

Acasta Enterprises Inc. Warrants Swartz, Jay 4 29/09/2017 11 5,646 5,646

Acasta Enterprises Inc. Class B Shares Young, Michael D'Arcy 4 19/06/2017 00

Acasta Enterprises Inc. Class B Shares Young, Michael D'Arcy 4 29/09/2017 11 94,105 94,105

Acasta Enterprises Inc. Warrants Young, Michael D'Arcy 4 19/06/2017 00

Acasta Enterprises Inc. Warrants Young, Michael D'Arcy 4 29/09/2017 11 5,646 5,646

Advantage Oil & Gas Ltd. Rights Deferred Share Units

Angevine, Jill Terilee 4 30/09/2017 56 20,141 799


Balog, Stephen 4 30/09/2017 56 29,780 666


Fagerheim, Grant Bradley 4 30/09/2017 56 28,406 799


Haggis, Paul 4 30/09/2017 56 33,594 733


McIntosh, Ronald A 4 30/09/2017 56 45,798 1,066

Advantagewon Oil Corp. Common Shares Darakjian, David 6 29/09/2017 10 0.095 20,176,978 -65,000



Advantagewon Oil Corp. Common Shares Ewart, Jason Gordon 6 29/09/2017 10 0.095 20,176,978 -65,000



Advantagewon Oil Corp. Common Shares Fountain Asset Corp. 3 29/09/2017 10 0.095 20,176,978 -65,000



Ag Growth International Inc. Rights Deferred Compensation Plan

Giesselman, Janet 4 01/10/2017 56 3,952 262


Lambert, William Allen 4 01/10/2017 56 11,628 382


Moore, Malcolm 4 01/10/2017 56 3,323 251


White, David 4 01/10/2017 56 7,877 251

Agellan Commercial Real Estate Investment Trust

Units Barazzuol, Renzo 6 27/09/2017 10 11.798 1,106,320 46,600

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8299



Acquired/ Disposed










Units Manji, Salim 6 27/09/2017 10 11.798 1,106,320 46,600










Units Manji, Samir Aziz 6 27/09/2017 10 11.798 1,106,320 46,600








Units Manji, Samir Aziz 6 03/10/2017 10 11.88 19,900




Units Sandpiper GP Inc. 3 27/09/2017 10 11.798 1,106,320 46,600









AGF Management Limited Common Shares Class B AGF EMPLOYEE BENEFIT PLAN TRUST

2 02/10/2017 10 8.075 382,855 100,000

AGF Management Limited Common Shares ESOP - Cash

BASARABA, Adrian 5 30/09/2017 30 7.39 25,900 1,608

AGF Management Limited Common Shares ESOP - RRSP

BASARABA, Adrian 5 30/09/2017 30 7.11 4,247 47

AGF Management Limited Common Shares ESOP - Select Plan

BASARABA, Adrian 5 30/09/2017 30 7.11 1,789 20

AGF Management Limited Common Shares ESP Vested

BASARABA, Adrian 5 30/09/2017 30 7.11 6,505 72

AGF Management Limited Common Shares Class B Camilli, Kathleen Mary 4 02/10/2017 10 6.47 39,800 200

AGF Management Limited Common Shares Class B Camilli, Kathleen Mary 4 02/10/2017 10 6.46 42,400 2,600

AGF Management Limited Common Shares Class B Camilli, Kathleen Mary 4 05/10/2017 10 6.4061 43,400 1,000


CAMMARERI, ROSE 5 30/09/2017 30 7.36 33,068 1,330

AGF Management Limited Common Shares ESOP - RRSP

CAMMARERI, ROSE 5 30/09/2017 30 7.11 61 1


CAMMARERI, ROSE 5 30/09/2017 30 7.11 9,699 108


Goldring, Judy 4, 5 30/09/2017 30 7.35 47,500 1,751

AGF Management Limited Common Shares ESOP - Select Plan

Goldring, Judy 4, 5 30/09/2017 30 7.11 4,550 51


Goldring, Judy 4, 5 30/09/2017 30 7.11 19,061 212


MCCREADIE, KEVIN ANDREW

5 30/09/2017 30 7.4 27,636 2,094

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8300



Acquired/ Disposed


MCCREADIE, KEVIN ANDREW

5 30/09/2017 30 7.11 65,093 724

AGT Food and Ingredients Inc. (formerly, Alliance Grain Traders Inc.)

Common Shares Al-Katib, Murad 3, 4, 5 03/10/2017 10 24.802 573,633 857


Common Shares Al-Katib, Murad 3, 4, 5 03/10/2017 10 24.802 574,061 428


Common Shares Bourassa, Gaetan Michael 5 03/10/2017 10 24.802 50,680 454


Common Shares Bourassa, Gaetan Michael 5 03/10/2017 10 24.802 50,907 227


Common Shares Ireland, Lori Ann 5 03/10/2017 10 24.802 62,340 169


Common Shares Ireland, Lori Ann 5 03/10/2017 10 24.802 62,424 84

Aida Minerals Corp. Common Shares Tolbert, Robin S. 4 24/05/2017 45 0.1 800,000 50,000

Aida Minerals Corp. Common Shares Tolbert, Robin S. 4 24/05/2017 97 0.1 900,000 100,000

Aida Minerals Corp. Common Shares Tolbert, Robin S. 4 27/09/2017 10 0.05 337,500 -562,500

Aim Explorations Ltd. Common Shares Balderson, Geoffrey 4, 5 30/04/2015 97 550,000 -550,000

Aim Explorations Ltd. Common Shares Balderson, Geoffrey 4, 5 13/03/2017 37 275,000 -275,000

Aim Explorations Ltd. Options Balderson, Geoffrey 4, 5 03/03/2017 52 200,000

Aim Explorations Ltd. Options Balderson, Geoffrey 4, 5 03/03/2017 52 400,000 200,000

Aimia Inc. Deferred Share Units Brown, Robert Ellis 4 01/10/2017 56 2.56 140,381 15,723

Aimia Inc. Deferred Share Units Doroniuk, Roman 4 01/10/2017 56 2.56 55,925 4,883

Aimia Inc. Deferred Share Units Fortier, Michael M 4 01/10/2017 56 2.56 101,845 15,625

Aimia Inc. Deferred Share Units Gardner, Thomas David 4 01/10/2017 56 2.56 22,969 7,324

Aimia Inc. Deferred Share Units Griffin, Emma Kate 4 01/10/2017 56 2.56 40,791 9,766

Aimia Inc. Deferred Share Units Kreidler, Robert Christopher 4 01/10/2017 56 2.56 15,955 4,883

Aimia Inc. Deferred Share Units McEwan, William Gerard 4 01/10/2017 56 2.56 32,760 9,668

Aimia Inc. Deferred Share Units Port, Douglas D. 4 01/10/2017 56 2.56 62,348 7,324

Air Canada Deferred Share Units Clark, Christie James Beckett

4 02/10/2017 56 13,234 758

Air Canada Deferred Share Units Green, Michael 4 02/10/2017 56 23,918 758

Air Canada Deferred Share Units Huot, Jean Marc 4 02/10/2017 56 207,217 701

Air Canada Deferred Share Units PAQUIN, MADELEINE 4 02/10/2017 56 30,293 1,314

Air Canada Deferred Share Units Romanow, Roy 4 02/10/2017 56 114,914 701

Air Canada Share Units (Long-Term Incentive Plan)

Smith, Benjamin M. 7 02/10/2017 59 26.12 189,300 -4,000

Air Canada Deferred Share Units Sorensen, Vagn 4 02/10/2017 56 1,942

Air Canada Deferred Share Units Sorensen, Vagn 4 02/10/2017 56 1,942

Air Canada Deferred Share Units Sorensen, Vagn 4 16/11/2006 00

Air Canada Deferred Share Units Sorensen, Vagn 4 02/10/2017 56 1,942 1,942

Air Canada Deferred Share Units Taylor, Kathleen 4 02/10/2017 56 18,779 1,385

Air Canada Deferred Share Units Verschuren, Annette Marie 4 02/10/2017 56 41,264 758

Air Canada Deferred Share Units Wilson, Michael M. 4 02/10/2017 56 52,021 1,942

AIRBOSS OF AMERICA CORP.

Rights - Deferred Stock Units

Hagerman, Robert 4 30/09/2017 56 1,007 531



Matthews, Mary 4 30/09/2017 56 4,513 764



McLeish, Robert 4 30/09/2017 56 6,254 1,082



Robbins, Brian Andrew 4 02/10/2017 56 9,151 1,719



Watson, Alan JD 4 30/09/2017 56 3,891 753

Akita Drilling Ltd. Non-Voting Shares Charlton, Loraine 4 02/10/2017 30 7.09 12,268 113

Akita Drilling Ltd. Non-Voting Shares Charlton, Loraine 4 03/10/2017 30 7.15 12,512 244

Akita Drilling Ltd. Non-Voting Shares Coleman, Raymond 5 29/09/2017 30 7.26 20,714 353

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8301



Acquired/ Disposed




Akita Drilling Ltd. Non-Voting Shares Dease, Colin 5 03/10/2017 30 7.15 7,673 349

Akita Drilling Ltd. Non-Voting Shares Dease, Colin 5 06/10/2017 30 6.95 7,749 76

Akita Drilling Ltd. Non-Voting Shares Hensel, Fred 5 29/09/2017 30 7.26 31,386 234




Akita Drilling Ltd. Non-Voting Shares Kushner, Craig 5 02/10/2017 30 7.09 15,327 149

Akita Drilling Ltd. Non-Voting Shares Kushner, Craig 5 03/10/2017 30 7.15 15,676 349

Akita Drilling Ltd. Non-Voting Shares Mohan, Harish 4 02/10/2017 30 7.09 4,535 54

Akita Drilling Ltd. Non-Voting Shares Mohan, Harish 4 03/10/2017 30 7.15 4,779 244

Akita Drilling Ltd. Non-Voting Shares Reynolds, Darcy 5 29/09/2017 30 7.26 3,938 104




Akita Drilling Ltd. Non-Voting Shares RICHARDSON, DALE 4 02/10/2017 30 7.09 35,372 115

Akita Drilling Ltd. Non-Voting Shares RICHARDSON, DALE 4 03/10/2017 30 7.15 35,616 244

Akita Drilling Ltd. Non-Voting Shares Ruud, Karl 4 02/10/2017 30 7.09 43,581 149

Akita Drilling Ltd. Non-Voting Shares Ruud, Karl 4 03/10/2017 30 7.15 43,930 349

Akita Drilling Ltd. Non-Voting Shares Southern-Heathcott, Linda A.

4, 6 02/10/2017 30 7.09 24,456 115

Akita Drilling Ltd. Non-Voting Shares Southern-Heathcott, Linda A.

4, 6 03/10/2017 30 7.15 24,700 244

Akita Drilling Ltd. Non-Voting Shares Southern, Nancy C. 4, 6 02/10/2017 30 7.09 25,737 115

Akita Drilling Ltd. Non-Voting Shares Southern, Nancy C. 4, 6 03/10/2017 30 7.15 25,981 244

Akita Drilling Ltd. Non-Voting Shares Spitznagel, Curt Perry 4 02/10/2017 30 7.09 10,328 115

Akita Drilling Ltd. Non-Voting Shares Spitznagel, Curt Perry 4 03/10/2017 30 7.15 10,572 244

Akita Drilling Ltd. Non-Voting Shares Wilmot, Harry 4 02/10/2017 30 7.09 2,420 29

Akita Drilling Ltd. Non-Voting Shares Wilmot, Harry 4 03/10/2017 30 7.15 2,664 244

Akita Drilling Ltd. Non-Voting Shares WILSON, Charles W. 4 02/10/2017 30 7.09 19,520 96

Akita Drilling Ltd. Non-Voting Shares WILSON, Charles W. 4 03/10/2017 30 7.15 19,764 244

Alabama Graphite Corp. Common Shares Pamplin, Ann-Marie Michelle

8 28/09/2017 10 0.14 27,000 500


8 02/10/2017 10 0.15 30,500 3,500


8 02/10/2017 10 0.145 33,000 2,500


8 03/10/2017 10 0.2 35,000 2,000


8 03/10/2017 10 0.18 44,000 9,000


8 03/10/2017 10 0.185 47,000 3,000


8 03/10/2017 10 0.19 53,000 6,000


8 03/10/2017 10 0.18 56,000 3,000


8 04/10/2017 10 0.17 70,000 14,000


8 28/09/2017 10 0.14 73,000 9,500


8 29/09/2017 10 0.14 78,000 5,000


8 02/10/2017 10 0.15 83,000 5,000


8 02/10/2017 10 0.145 85,000 2,000


8 05/10/2017 10 0.17 90,000 5,000


8 05/10/2017 10 0.175 93,000 3,000

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8302



Acquired/ Disposed

Alderon Iron Ore Corp. Rights DSUs Ashby, Ian R. 4 30/09/2017 56 0.2644 607,823 14,419

Alderon Iron Ore Corp. Rights DSUs Furey, Andrew John 4 30/09/2017 56 0.2644 20,539 13,001

Alderon Iron Ore Corp. Rights DSUs LOADER, WILLIAM ADRIAN

4 30/09/2017 56 0.2644 629,120 17,256

Alderon Iron Ore Corp. Rights DSUs Porter, David James 4 30/09/2017 56 0.2644 732,832 17,256

Alderon Iron Ore Corp. Rights DSUs Wang, Jinhui 4 30/09/2017 56 0.2644 535,296 13,001

Alexandria Minerals Corporation

Common Shares Patil, Priya 4 05/10/2017 10 0.055 100,000 100,000

Algold Resources Ltd. Common Shares Milmeister, Darin 4 29/09/2017 10 0.165 200,000 100,000

Algonquin Power & Utilities Corp.

Rights Deferred Share Units

Ball, Christopher James 4 30/09/2017 56 13.19 43,623 2,155



Barnes, Melissa Stapleton 4 30/09/2017 56 13.19 7,876 1,564



Laney, Randy David 4 30/09/2017 56 13.19 3,951 1,516



Moore, Kenneth 4 30/09/2017 56 13.19 133,221 6,994



Saidi, Masheed Hegi 4 30/09/2017 56 13.19 17,555 1,772



Samil, Dilek 4 30/09/2017 56 13.19 18,001 1,778



Steeves, George Lester 4 30/09/2017 56 13.19 52,843 2,199

Alianza Minerals Ltd. (formerly Tarsis Resources Ltd.)

Warrants Blythe, Marc Girthon 4, 5 03/10/2017 55 0.4 0 -15,000


Warrants Brown, Mark Thomas 4 03/10/2017 55 0.4 1,491,607 -15,000


Common Shares Lindsay, Craig Thomas 4 10/11/2008 00


Common Shares Lindsay, Craig Thomas 4 02/10/2017 10 0.105 460,000 15,000


Options Lindsay, Craig Thomas 4 03/10/2017 52 0.4 290,000 -10,000

Alimentation Couche-Tard Inc.

Unité d'action différée Bourque, Nathalie 4 29/09/2017 35 58.33 17,594 27


Unité d'action différée D'Amours, Jacques 4 29/09/2017 35 58.33 5,344 8


Unité d'action différée Élie, Jean André 4 29/09/2017 35 58.33 32,561 50


Unité d'action différée Fortin, Richard 4, 6, 7, 5 29/09/2017 35 58.33 19,001 30


Unité d'action différée Kau, Mélanie 4 29/09/2017 35 58.33 64,923 100


Unité d'action différée Leroux, Monique F. 4 29/09/2017 35 58.33 3,686 6


Unité d'action différée Plourde, Réal 4, 6, 7, 5 29/09/2017 35 58.33 5,273 8


Unité d'action différée Rabinowicz, Daniel 5 29/09/2017 35 58.33 4,576 7


Unité d'action différée Turmel, Jean 4 29/09/2017 35 58.33 99,480 153

Alliance Growers Corp. Common Shares Lambert, Ian Davidson 4 05/10/2017 10 0.1 574,500 -20,000





Almonty Industries Inc. Common Shares Gutschlag, Thomas Joerg 4, 6 28/09/2017 10 0.61 15,365,790 7,000




ALQ Gold Corp. Common Shares Boddy, Brandon 4 03/08/2017 00

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8303



Acquired/ Disposed

ALQ Gold Corp. Common Shares Boddy, Brandon 4 03/08/2017 16 0.075 500,000 500,000

AltaGas Ltd. Rights Restricted Units (RU)

Clements, Paul Carson 7 29/09/2017 30 1,346 33

AltaGas Ltd. Rights Restricted Units (RU)

Clements, Paul Carson 7 29/09/2017 59 27.99 750 -596

AltaGas Ltd. Rights Deferred Share Unit (DSU)

Cornhill, David Wallace 4 02/10/2017 56 28.05 15,000 5,000

Altiplano Minerals Ltd. Common Shares Williamson, John 3, 4 02/10/2017 10 0.135 2,679,847 1,500




Altiplano Minerals Ltd. Common Shares Yaseniuk, Jeremy 4 03/10/2017 10 0.15 583,666 11,000

Altius Minerals Corporation Common Shares Lace, Roger 7 27/09/2017 10 11.745 30,000 10,000

Altus Group Limited Common Shares Probyn, Alex 7 27/09/2017 51 19.29 -2,333

Altus Group Limited Common Shares Probyn, Alex 7 27/09/2017 10 31.277 19,487 -2,333

Altus Group Limited Common Shares Probyn, Alex 7 27/09/2017 51 23.85 -2,333

Altus Group Limited Common Shares Probyn, Alex 7 27/09/2017 10 31.309 17,154 -2,333

Altus Group Limited Common Shares Probyn, Alex 7 27/09/2017 51 19.29 19,487 2,333

Altus Group Limited Common Shares Probyn, Alex 7 27/09/2017 51 23.85 21,820 2,333

Altus Group Limited Options Probyn, Alex 7 27/09/2017 51 19.29 15,971 -2,333

Altus Group Limited Options Probyn, Alex 7 27/09/2017 51 23.85 13,638 -2,333

American Core Sectors Dividend Fund

Trust Units American Core Sectors Dividend Fund

1 29/09/2017 38 10.7 3,671,284 900

Americas Silver Corporation Rights Deferred Share Units

Davidson, Alexander John 4 30/09/2017 56 60,670 4,346


Edwards, Alan R. 4 30/09/2017 56 40,760 599


Kipp, Bradley Robert 4 30/09/2017 56 54,732 3,297


Pridham, Gordon E. 4 30/09/2017 56 35,741 629


RIVERA RABA, MANUEL ALBERTO

4 02/08/2017 00


RIVERA RABA, MANUEL ALBERTO

4 30/09/2017 56 472 472


Waisberg, Lorie 4 30/09/2017 56 38,523 824

Amerigo Resources Ltd Common Shares Toor, Nauman (Nick) 3 28/09/2017 10 0.75 20,733,300 53,500

Aquila Resources Inc. Common Shares Lynott, Jeffrey Stephen 7 02/10/2017 00

Aquila Resources Inc. Convertible Preferred Shares

Lynott, Jeffrey Stephen 7 02/10/2017 00

Aquila Resources Inc. Options Lynott, Jeffrey Stephen 7 02/10/2017 00 250,000

Aquila Resources Inc. Rights Restricted Share Units

Lynott, Jeffrey Stephen 7 02/10/2017 00

Aquila Resources Inc. Warrants Lynott, Jeffrey Stephen 7 02/10/2017 00

Aralez Pharmaceuticals Inc. Common Shares Tursi, James Patrick 5 01/10/2017 57 2.29 94,538 29,000

Aralez Pharmaceuticals Inc. Common Shares Tursi, James Patrick 5 02/10/2017 10 2.5018 84,578 -9,960

Aralez Pharmaceuticals Inc. Restricted Share Units Tursi, James Patrick 5 01/10/2017 57 2.29 172,772 -29,000

Arbutus Biopharma Corporation

Common Shares Sofia, Michael Joseph 5 03/10/2017 10 1,553,403 -10,000

ARC Resources Ltd. Deferred Share Units (DSU) (Cash based only)

Collyer, David Ralph 4 30/09/2017 56 6,341 1,864


Dielwart, John Patrick 4 30/09/2017 56 40,898 1,991


Dyment, Fred J. 4 30/09/2017 56 39,088 1,991


Hearn, Timothy James 4 30/09/2017 56 35,022 1,991


Houck, James Curtis 4 30/09/2017 56 44,385 2,323


Kvisle, Harold N. 4 30/09/2017 56 75,074 5,859


O'Neill, Kathleen M. 4 30/09/2017 56 51,887 2,767

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8304



Acquired/ Disposed


Pinder, Herbert 4 30/09/2017 56 66,705 3,318


Sembo, William, George 4 30/09/2017 56 22,912 1,864


Smith, Nancy Lynn 4 30/09/2017 56 18,320 3,106

Arctic Star Exploration Corp. Common Shares Jassal, Brijender (Binny) Jassal

5 04/10/2017 54 0.08 1,180,333 500,000

Arctic Star Exploration Corp. Common Shares Jassal, Brijender (Binny) Jassal

5 04/10/2017 10 0.08 680,333 -500,000

Arctic Star Exploration Corp. Warrants Jassal, Brijender (Binny) Jassal

5 04/10/2017 54 0.08 0 -500,000

Argex Titanium Inc. Warrants Alnaimi, Mazen 3, 4, 5 02/10/2017 53 25,772,354 2,916,666

Aritzia Inc. Options MacIver, David John 5 03/10/2017 51 4.9 258,551 -59,316



Aritzia Inc. Subordinate Voting Shares

MacIver, David John 5 03/10/2017 51 4.9 59,316 59,316


MacIver, David John 5 03/10/2017 10 14.313 0 -59,316









Arizona Mining Inc. Common Shares Whelan, Thomas S. 5 20/09/2017 00 10,000

Arizona Mining Inc. Common Shares Whelan, Thomas S. 5 03/10/2017 10 3.21 30,000 20,000

Arizona Mining Inc. Common Shares Whelan, Thomas S. 5 04/10/2017 10 3.46 40,000 10,000

Artis Real Estate Investment Trust

Deferred Units Jack, Bruce William James 4 02/10/2017 56 13.22 5,656 3,064


Deferred Units Martens, Cornelius 4, 5 02/10/2017 56 13.22 4,521 453


Deferred Units Rimer, Ronald Albert 4 02/10/2017 56 13.22 20,920 2,600


Deferred Units Ryan, Patrick Gowan 4 02/10/2017 56 13.22 30,881 2,090


Deferred Units Ryan, Patrick Gowan 4 02/10/2017 56 13.22 31,391 510


Deferred Units Thielmann, Victor 4 02/10/2017 56 13.22 4,521 453


Deferred Units Townsend, Kenneth 4 02/10/2017 56 13.22 4,521 453


Deferred Units Warkentin, Edward 4, 5 02/10/2017 56 13.22 4,521 453

Ascendant Resources Inc. Warrants Shefsky, Stephen 4 04/10/2017 10 0.2 314,700 100,000

Astorius Resources Ltd. Common Shares Brown, Arthur 4, 5 04/10/2017 10 0.085 1,649,000 27,000

Astorius Resources Ltd. Common Shares Brown, Arthur 4, 5 05/10/2017 10 0.085 1,677,000 28,000

ATCO LTD. Non-Voting Shares Class I Charlton, Loraine M. 7 30/09/2017 10 45.6 1,926 13

ATCO LTD. Non-Voting Shares Class I Francis, Robert, B 7 30/09/2017 10 45.6 1,100 7

Athabasca Oil Corporation Deferred Share Units Begley, Bryan 4 30/09/2017 56 0.97 243,667 14,820

Athabasca Oil Corporation Deferred Share Units ECKHARDT, Ronald John 4 30/09/2017 56 0.97 395,903 25,773

Athabasca Oil Corporation Deferred Share Units Fierro, Carlos Antonio 4 30/09/2017 56 0.97 341,855 12,887

Atlantic Power Corporation Common Shares Atlantic Power Corporation 1 29/08/2017 38 2.35 12,291 12,291



Atlantic Power Corporation Common Shares Atlantic Power Corporation 1 30/08/2017 38 2.3 30,391 400

Atlantic Power Corporation Common Shares Atlantic Power Corporation 1 31/08/2017 38 2.9263 31,191 800




Insider Reporting

October 12, 2017

(2017), 40 OSCB 8305



Acquired/ Disposed




Atlantic Power Corporation Common Shares Atlantic Power Corporation 1 27/09/2017 38 0 -93,391

Atlantic Power Corporation Convertible Debentures Convertible Deb. 6% Convertible Unsecured Subordinated Deb.

Atlantic Power Corporation 1 29/08/2017 38 99 $6,000 $6,000

Atlantic Power Corporation Convertible Debentures Convertible Deb. 6% Convertible Unsecured Subordinated Deb.

Atlantic Power Corporation 1 29/09/2017 38 $0 -$6,000

Atlantic Power Corporation Preferred Shares Series 1 Atlantic Power Corporation 1 25/07/2008 00

Atlantic Power Corporation Preferred Shares Series 1 Atlantic Power Corporation 1 28/06/2017 38 15.5 85,806 85,806


Atlantic Power Corporation Preferred Shares Series 1 Atlantic Power Corporation 1 31/07/2017 38 0 -171,612


Atlantic Power Corporation Preferred Shares Series 1 Atlantic Power Corporation 1 30/09/2017 38 0 -78,388

Atlantic Power Corporation Deferred Share Units Duncan, Richard Foster 4 30/09/2017 56 133,915 9,849

Atlantic Power Corporation Deferred Share Units Gerstein, Irving Russell 4 30/09/2017 56 101,162 8,333

Atlantic Power Corporation Deferred Share Units Howell, Kevin 4 30/09/2017 56 71,468 6,566

Atlantic Power Corporation Deferred Share Units Ladhani, Holli 4 30/09/2017 56 136,855 6,818

Atlantic Power Corporation Deferred Share Units Palter, Gilbert Samuel 4 30/09/2017 56 59,133 6,061

Aton Resources Inc. Common Shares OU MOONRIDER 3 02/10/2017 10 0.04 38,834,154 159,000

Aton Resources Inc. Common Shares OU MOONRIDER 3 03/10/2017 10 0.04 39,134,154 300,000

AuRico Metals Inc. Deferred Share Units Day, Anne 4 03/10/2017 56 358,963 7,106

AuRico Metals Inc. Deferred Share Units McCluskey, John 4 03/10/2017 56 320,059 7,106

AuRico Metals Inc. Deferred Share Units Perry, Scott Graeme 4 03/10/2017 56 358,963 7,106

AuRico Metals Inc. Deferred Share Units Spiteri, Joseph George 4 03/10/2017 56 317,373 2,487

AuRico Metals Inc. Deferred Share Units Stairs, Janice Alayne 4 03/10/2017 56 328,467 3,553

Aurora Cannabis Inc. Options Battley, Cam 5 29/09/2017 50 2.76 1,175,000 175,000

Aurora Cannabis Inc. Options Battley, Cam 5 29/09/2017 56 1,368,116 193,116

Aurora Cannabis Inc. Options Belot, Neil 5 29/09/2017 50 2.76 1,050,000 175,000

Aurora Cannabis Inc. Options Belot, Neil 5 29/09/2017 56 1,243,116 193,116

Aurora Cannabis Inc. Options Booth, Terry 4 29/09/2017 50 2.76 1,850,000 250,000

Aurora Cannabis Inc. Options Booth, Terry 4 29/09/2017 56 2,147,101 297,101

Aurora Cannabis Inc. Options Cleiren, Allan John 5 29/09/2017 50 2.76 1,175,000 175,000

Aurora Cannabis Inc. Options Cleiren, Allan John 5 29/09/2017 56 1,351,887 176,887

Aurora Cannabis Inc. Common Shares Del Moral, Jose 4 18/05/2017 97 2.3 3,489,075 279,189

Aurora Cannabis Inc. Common Shares Del Moral, Jose 4 28/08/2017 97 2.135 2,310,200 821,125

Aurora Cannabis Inc. Options Del Moral, Jose 4 29/09/2017 50 2.76 400,000 50,000

Aurora Cannabis Inc. Options Del Moral, Jose 4 29/09/2017 56 450,000 50,000

Aurora Cannabis Inc. Options Dobler, Stephen 4 29/09/2017 50 2.76 1,775,000 175,000

Aurora Cannabis Inc. Options Dobler, Stephen 4 29/09/2017 56 1,968,116 193,116

Aurora Cannabis Inc. Common Shares Dyck, Jason Ronald Bradley 4 05/10/2017 10 3 1,889,215 -217,500

Aurora Cannabis Inc. Options Dyck, Jason Ronald Bradley 4 29/09/2017 50 2.76 175,000 175,000

Aurora Cannabis Inc. Options Dyck, Jason Ronald Bradley 4 29/09/2017 56 350,000 175,000

Aurora Cannabis Inc. Options Ibbott, William Glen 5 29/09/2017 50 2.76 1,425,000 175,000

Aurora Cannabis Inc. Options Ibbott, William Glen 5 29/09/2017 56 1,603,774 178,774

Aurora Cannabis Inc. Options MacPherson, Dieter 5 29/09/2017 50 2.76 300,000 50,000

Aurora Cannabis Inc. Options MacPherson, Dieter 5 29/09/2017 56 350,000 50,000

Aurora Cannabis Inc. Options RIVERA, NILDA 5 29/09/2017 50 2.76 125,000 50,000

Aurora Cannabis Inc. Options RIVERA, NILDA 5 29/09/2017 56 175,000 50,000

Aurora Cannabis Inc. Common Shares Singer, Michael 4 28/09/2017 51 0.46 146,329 100,000

Aurora Cannabis Inc. Common Shares Singer, Michael 4 28/09/2017 10 121,329 -25,000



Aurora Cannabis Inc. Options Singer, Michael 4 28/09/2017 51 1,050,000 -100,000

Aurora Cannabis Inc. Options Singer, Michael 4 29/09/2017 50 1,225,000 175,000

Aurora Cannabis Inc. Options Singer, Michael 4 29/09/2017 56 1,400,000 175,000

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8306



Acquired/ Disposed

Aurora Cannabis Inc. Options Szweras, Adam Kelley 4 29/09/2017 56 940,000 175,000

Aurora Cannabis Inc. Options Whitehead, Nicholas 5 29/09/2017 50 2.76 300,000 50,000

Aurora Cannabis Inc. Options Whitehead, Nicholas 5 29/09/2017 56 350,000 50,000

Aurora Cannabis Inc. Options Wilson, Debra 5 29/09/2017 50 2.76 300,000 50,000

Aurora Cannabis Inc. Options Wilson, Debra 5 29/09/2017 56 350,000 50,000

Aurvista Gold Corporation Common Shares McCarvill, Gerald Patrick 4, 6 03/10/2017 10 0.29 6,808,335 64,000

Automodular Corporation (formerly Algonquin Mercantile)

Common Shares Automodular Corporation 1 01/09/2017 38 2.35 200 200

Automodular Corporation (formerly Algonquin Mercantile)

Common Shares Automodular Corporation 1 01/09/2017 38 2.35 0 -200

Automotive Properties Real Estate Investment Trust

Deferred Units Forbes, Louis Marie 4 30/09/2017 56 1,795 1,565


Deferred Units Lazier, Francis Stuart 4 30/09/2017 56 8,151 1,509


Deferred Units Morrison, John Rennie 4 30/09/2017 56 9,017 1,677

AXMIN Inc. (formerly Asquith Resources Inc.)

Options weill, david de jongh 4 25/09/2017 50 0.05 1

AXMIN Inc. (formerly Asquith Resources Inc.)

Options weill, david de jongh 4 25/09/2017 50 0.05 2,250,000 1,200,000

Ballard Power Systems Inc. Units Deferred Share Units

Bourne, Ian Alexander 4 30/09/2017 56 5.85 286,491 3,205


Hayhurst, Douglas Palmer 4 30/09/2017 56 5.85 180,880 2,243


Le, Duy-Loan 4 30/09/2017 56 5.85 7,482 1,923


Roche, James Norman 4 30/09/2017 56 5.85 46,390 2,243


Sutcliffe, Ian Douglas 4 30/09/2017 56 5.85 74,191 1,923


Woodruff, Janet Patricia 4 30/09/2017 56 5.85 4,931 1,923

Bank of Montreal Common Shares Bank of Montreal 1 05/09/2017 38 89.086 200,000 200,000




Bank of Montreal Common Shares Bank of Montreal 1 12/09/2017 38 600,000 -200,000







Bank of Montreal Common Shares Bank of Montreal 1 15/09/2017 38 0 -50,000

Bank of Montreal Common Shares Rotenberg, Joanna Michelle 5 29/09/2017 51 60.11 2,000 2,000

Bank of Montreal Common Shares Rotenberg, Joanna Michelle 5 29/09/2017 10 94.81 0 -2,000

Bank of Montreal Options Rotenberg, Joanna Michelle 5 29/09/2017 51 60.11 62,988 -2,000

Bank of Nova Scotia, The Common Shares McNamara, Kyle 5 04/10/2017 51 47.75 10,104 3,036

Bank of Nova Scotia, The Common Shares McNamara, Kyle 5 04/10/2017 10 80.535 7,068 -3,036

Bank of Nova Scotia, The Options McNamara, Kyle 5 04/10/2017 51 47.75 61,882 -3,036

Barker Minerals Ltd. Common Shares Doyle, Colleen 5 27/09/2017 10 0.01 -100,000

Barker Minerals Ltd. Common Shares Doyle, Colleen 5 27/09/2017 10 0.01 109,039 -10,000



Barker Minerals Ltd. Common Shares Doyle, Louis Eric 4, 5 27/09/2017 10 0.01 200,047 -10,000



Barkerville Gold Mines Ltd. Common Shares OBRADOVICH, THOMAS JOHN

4 28/09/2017 16 0.8 977,000 100,000

Barkerville Gold Mines Ltd. Common Shares Prychidny, Morris 4 28/09/2017 16 0.8 437,250 100,000

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8307



Acquired/ Disposed

Barkerville Gold Mines Ltd. Common Shares Sabine, John William 4 28/09/2017 16 0.8 115,132 62,500

Barkerville Gold Mines Ltd. Common Shares St-Germain, Andree 4 28/09/2017 16 0.8 39,500 12,500

Barkerville Gold Mines Ltd. Common Shares Tinajero, Andres 5 28/09/2017 16 0.8 400,000 100,000

Barrick Gold Corporation Rights Deferred Share Units (cash settled)

Cisneros, Gustavo Alfredo 4 30/09/2017 56 16.31 110,013 3,066


Cisneros, Gustavo Alfredo 4 30/09/2017 30 17.14 110,200 187


Clow, Graham G. 4 30/09/2017 56 16.31 12,461 2,299


Clow, Graham G. 4 30/09/2017 30 17.14 12,479 18


Doer, Gary Albert 4 30/09/2017 56 16.31 12,461 2,299


Doer, Gary Albert 4 30/09/2017 30 17.14 12,479 18


Evans, John Michael 4 30/09/2017 56 16.31 51,915 3,066


Evans, John Michael 4 30/09/2017 30 17.14 52,000 85


Greenspun, Brian Lee 4 30/09/2017 56 16.31 38,936 2,299


Greenspun, Brian Lee 4 30/09/2017 30 17.14 39,000 64


Harvey, Joseph Brett 4 30/09/2017 56 16.31 82,424 3,066


Harvey, Joseph Brett 4 30/09/2017 30 17.14 82,562 138


Lockhart, Nancy 4 30/09/2017 56 16.31 54,942 3,066


Lockhart, Nancy 4 30/09/2017 30 17.14 55,033 91


Marcet, Pablo 4 30/09/2017 56 16.31 9,714 3,066


Marcet, Pablo 4 30/09/2017 30 17.14 9,726 12


Moyo, Dambisa 4 30/09/2017 56 16.31 52,092 2,299


Moyo, Dambisa 4 30/09/2017 30 17.14 52,179 87


Munk, Anthony 4 30/09/2017 56 16.31 98,349 3,066


Munk, Anthony 4 30/09/2017 30 17.14 98,515 166


Prichard, John Robert Stobo 4 30/09/2017 56 16.31 23,058 3,066


Prichard, John Robert Stobo 4 30/09/2017 30 17.14 23,093 35


Shapiro, Steven J. 4 30/09/2017 56 16.31 78,383 3,066


Shapiro, Steven J. 4 30/09/2017 30 17.14 78,514 131


Thornton, John Lawson 4, 5 30/09/2017 30 17.14 1,140 2


Thrasher, Ernie Leo 4 30/09/2017 56 16.31 54,942 3,066


Thrasher, Ernie Leo 4 30/09/2017 30 17.14 55,033 91

Baylin Technologies Inc. Deferred Share Units Day, Stockwell 4 29/09/2017 56 53,852 1,260

Baylin Technologies Inc. Deferred Share Units Jones, Douglas Aubrey 4 29/09/2017 56 45,915 630

Baylin Technologies Inc. Deferred Share Units Reiter, Barry 4 29/09/2017 56 76,173 1,680

Baylin Technologies Inc. Deferred Share Units SIMMONDS, DONALD E. 4 29/09/2017 56 53,852 1,260

Baylin Technologies Inc. Deferred Share Units Wolkin, Harold Morton 4 29/09/2017 56 70,135 1,680

Bear Creek Mining Corporation

Options Hawkshaw, Anthony Grant 4, 5 26/09/2017 00


Options Hawkshaw, Anthony Grant 4, 5 03/10/2017 50 1,000,000 1,000,000

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8308



Acquired/ Disposed


Common Shares Tweddle, Frank R. 4 04/10/2017 10 2.07 137,000 5,000

BELLUS Health Inc. Common Shares Larochelle, Pierre 4 25/05/2012 00

BELLUS Health Inc. Common Shares Larochelle, Pierre 4 02/10/2017 10 0.36 275,000 275,000

Benton Resources Inc. Options Harper, William Sinclair 4 15/08/2017 52 300,000 -300,000

Berkley Renewables Inc. Common Shares Jensen, Peter 2 03/10/2017 10 0.05 104,000 88,000

BeWhere Holdings Inc. Common Shares Kohler, Mark William 4 29/09/2017 51 0.195 172,500 65,000

BeWhere Holdings Inc. Options Kohler, Mark William 4 29/09/2017 51 0.195 285,000 -65,000

Biomark Diagnostics Inc. Common Shares Biomark Technologies Inc. 3 29/01/2015 11 0.4 62,500

Biomark Diagnostics Inc. Common Shares Biomark Technologies Inc. 3 29/01/2015 11 0.4 62,500

Biomark Diagnostics Inc. Common Shares Biomark Technologies Inc. 3 29/01/2015 11 0.4 39,937,500 -62,500

Biomark Diagnostics Inc. Common Shares Bux Investments Ltd. 3 18/02/2015 00

Biomark Diagnostics Inc. Common Shares Bux Investments Ltd. 3 18/02/2015 00

Biomark Diagnostics Inc. Common Shares Bux Investments Ltd. 3 20/09/2017 16 0.1 1,000,000

Biomark Diagnostics Inc. Common Shares Bux Investments Ltd. 3 20/09/2017 16 0.1 1,000,000

Biomark Diagnostics Inc. Warrants Bux Investments Ltd. 3 18/02/2015 00

Biomark Diagnostics Inc. Warrants Bux Investments Ltd. 3 18/02/2015 00

Biomark Diagnostics Inc. Warrants Bux Investments Ltd. 3 20/09/2017 16 500,000

Biomark Diagnostics Inc. Warrants Bux Investments Ltd. 3 20/09/2017 16 500,000

Biomark Diagnostics Inc. Common Shares Bux, Rashid 4 30/10/2014 00

Biomark Diagnostics Inc. Common Shares Bux, Rashid 4 18/02/2015 16 0.5 200,000 200,000

Biomark Diagnostics Inc. Common Shares Bux, Rashid 4 20/09/2017 16 0.1 1,200,000 1,000,000

Biomark Diagnostics Inc. Warrants Bux, Rashid 4 30/10/2014 00

Biomark Diagnostics Inc. Warrants Bux, Rashid 4 20/09/2017 16 500,000 500,000

Biomark Diagnostics Inc. Common Shares GRG CONSULTING LTD. 7 15/09/2017 00

Biomark Diagnostics Inc. Common Shares GRG CONSULTING LTD. 7 15/09/2017 00

Biomark Diagnostics Inc. Common Shares GRG CONSULTING LTD. 7 20/09/2017 16 0.1 750,000

Biomark Diagnostics Inc. Common Shares GRG CONSULTING LTD. 7 20/09/2017 16 0.1 750,000

Biomark Diagnostics Inc. Warrants GRG CONSULTING LTD. 7 15/09/2017 00

Biomark Diagnostics Inc. Warrants GRG CONSULTING LTD. 7 15/09/2017 00

Biomark Diagnostics Inc. Warrants GRG CONSULTING LTD. 7 20/09/2017 16 375,000

Biomark Diagnostics Inc. Warrants GRG CONSULTING LTD. 7 20/09/2017 16 375,000

Biomark Diagnostics Inc. Common Shares HUANG, GUOYU 5 15/06/2017 00 189,500

Biomark Diagnostics Inc. Common Shares HUANG, GUOYU 5 20/09/2017 16 0.1 939,500 750,000

Biomark Diagnostics Inc. Warrants HUANG, GUOYU 5 15/06/2017 00

Biomark Diagnostics Inc. Warrants HUANG, GUOYU 5 20/09/2017 16 375,000 375,000

Birchcliff Energy Ltd. Common Shares Bosman, Myles 5 18/01/2005 00

Birchcliff Energy Ltd. Common Shares Bosman, Myles 5 05/10/2017 10 5.56 5,700 5,700

Birchcliff Energy Ltd. Common Shares Carlsen, Christopher Andrew

5 03/10/2017 10 5.745 9,925 3,000

Birchcliff Energy Ltd. Common Shares Carlsen, Christopher Andrew

5 04/10/2017 10 5.47 11,425 1,500

Birchcliff Energy Ltd. Common Shares Schulich, Seymour 3 03/10/2017 10 5.63 15,000,000 -10,000,000

Birchcliff Energy Ltd. Common Shares Tonken, Aaron Jeffery 4, 5 03/10/2017 10 5.76 17,710 3,400

Bird Construction Inc. Deferred Share Units Brooks, Karyn Anne 4 29/09/2017 56 4,641 2,110

Bird Construction Inc. Deferred Share Units Doyle, Donald Gregory 4 29/09/2017 56 41,221 2,500

Bird Construction Inc. Deferred Share Units DuPont, Bonnie Dianne Rose

4 29/09/2017 56 34,999 1,198

Bird Construction Inc. Deferred Share Units Messier, Luc Jean-Francois 4 29/09/2017 56 6,757 2,110

Bird Construction Inc. Deferred Share Units Munkley, Ronald David 4 29/09/2017 56 32,429 2,008

Bird Construction Inc. Deferred Share Units Thorsteinson, Arni Clayton 4 29/09/2017 56 33,914 2,109

Bird River Resources Inc. Common Shares Tokarsky, John Victor 5 29/09/2017 00

Black Diamond Group Limited

Options Geisel, Richard 5 15/09/2017 00


Options Geisel, Richard 5 22/09/2017 50 60,000 60,000


Rights RSU Geisel, Richard 5 15/09/2017 00


Rights RSU Geisel, Richard 5 22/09/2017 56 20,000 20,000

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8309



Acquired/ Disposed


Common Shares Haynes, Trevor 4, 5 02/10/2017 10 2.02 2,278,775 10,000


Options RIDLEY, MICHAEL LENARD

5 11/09/2017 00


Options RIDLEY, MICHAEL LENARD

5 12/09/2017 50 120,000 120,000


Rights RSU RIDLEY, MICHAEL LENARD

5 11/09/2017 00


Rights RSU RIDLEY, MICHAEL LENARD

5 12/09/2017 56 40,000 40,000

BlackBerry Limited (formerly Research In Motion Limited)

Common Shares Beard, Martin James 5 28/09/2017 57 139,899 17,196


Common Shares Beard, Martin James 5 28/09/2017 10 11.148 148,898 8,999


Common Shares Beard, Martin James 5 29/09/2017 57 255,044 106,146


Common Shares Beard, Martin James 5 29/09/2017 10 11.309 196,707 -58,337


Performance Restricted Share Units

Beard, Martin James 5 29/09/2017 56 208,598 20,124



Beard, Martin James 5 29/09/2017 38 135,286 -73,312


Restricted Share Units Beard, Martin James 5 28/09/2017 57 140,133 -17,196


Restricted Share Units Beard, Martin James 5 29/09/2017 56 153,549 13,416


Restricted Share Units Beard, Martin James 5 29/09/2017 57 47,403 -106,146


Common Shares Capelli, Steven 5 01/10/2016 00


Common Shares Capelli, Steven 5 29/09/2017 57 62,972 62,972


Common Shares Capelli, Steven 5 29/09/2017 10 11.309 28,366 -34,606



Capelli, Steven 5 29/09/2017 56 384,000 100,626


Restricted Share Units Capelli, Steven 5 29/09/2017 56 256,000 67,084


Restricted Share Units Capelli, Steven 5 29/09/2017 57 193,028 -62,972


Common Shares Chennakeshu, Sandeep 5 28/09/2017 57 398,821 21,164


Common Shares Chennakeshu, Sandeep 5 28/09/2017 10 11.148 389,917 -8,904


Restricted Share Units Chennakeshu, Sandeep 5 28/09/2017 57 21,164 -21,164


Debentures 3.75% Convertible Unsecured due November 13, 2020

Fairfax Financial Holdings Limited

3 13/11/2013 00




3 28/09/2017 90 129.76 $15,379,000 $15,379,000




3 13/11/2013 00




3 28/09/2017 90 129.76 $13,073,000 $13,073,000




3 28/09/2017 90 129.76 $26,738,000 -$15,379,000




3 28/09/2017 90 129.76 $13,665,000 -$13,073,000


Common Shares Ho, Sai Yuen (Billy) 5 28/09/2017 57 154,722 18,518


Common Shares Ho, Sai Yuen (Billy) 5 28/09/2017 10 11.148 147,742 -6,980

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8310



Acquired/ Disposed


Common Shares Ho, Sai Yuen (Billy) 5 29/09/2017 57 175,703 27,961







Ho, Sai Yuen (Billy) 5 29/09/2017 56 262,826 53,667



Ho, Sai Yuen (Billy) 5 29/09/2017 38 207,842 -54,984


Restricted Share Units Ho, Sai Yuen (Billy) 5 28/09/2017 57 77,965 -18,518


Restricted Share Units Ho, Sai Yuen (Billy) 5 29/09/2017 56 113,743 35,778


Restricted Share Units Ho, Sai Yuen (Billy) 5 29/09/2017 57 85,782 -27,961


Common Shares White-Ivy, Nita 5 28/09/2017 57 163,560 9,920


Common Shares White-Ivy, Nita 5 28/09/2017 10 11.148 158,368 -5,192


Common Shares White-Ivy, Nita 5 29/09/2017 57 172,873 14,505


Common Shares White-Ivy, Nita 5 29/09/2017 10 11.309 164,896 -7,977



White-Ivy, Nita 5 29/09/2017 56 136,748 26,833



White-Ivy, Nita 5 29/09/2017 38 109,256 -27,492


Restricted Share Units White-Ivy, Nita 5 28/09/2017 57 41,217 -9,920


Restricted Share Units White-Ivy, Nita 5 29/09/2017 56 59,106 17,889


Restricted Share Units White-Ivy, Nita 5 29/09/2017 57 44,601 -14,505


Common Shares Wiese, Carl James 5 28/09/2017 57 175,305 105,820


Common Shares Wiese, Carl James 5 28/09/2017 10 11.148 133,997 -41,308


Common Shares Wiese, Carl James 5 29/09/2017 57 154,988 20,991


Common Shares Wiese, Carl James 5 29/09/2017 10 11.309 145,712 -9,276



Wiese, Carl James 5 29/09/2017 56 161,541 67,083


Restricted Share Units Wiese, Carl James 5 28/09/2017 57 168,792 -105,820


Restricted Share Units Wiese, Carl James 5 29/09/2017 56 213,514 44,722


Restricted Share Units Wiese, Carl James 5 29/09/2017 57 192,523 -20,991


Common Shares Zipperstein, Steven 5 28/09/2017 57 426,282 47,619


Common Shares Zipperstein, Steven 5 28/09/2017 10 11.148 408,339 -17,943


Common Shares Zipperstein, Steven 5 29/09/2017 57 486,852 78,513




Common Shares Zipperstein, Steven 5 02/10/2017 51 7.86 482,809 27,035




Options Zipperstein, Steven 5 02/10/2017 51 7.86 0 -27,035



Zipperstein, Steven 5 29/09/2017 56 688,343 120,750

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8311



Acquired/ Disposed



Zipperstein, Steven 5 29/09/2017 38 505,060 -183,283


Restricted Share Units Zipperstein, Steven 5 28/09/2017 57 201,698 -47,619


Restricted Share Units Zipperstein, Steven 5 29/09/2017 56 282,198 80,500


Restricted Share Units Zipperstein, Steven 5 29/09/2017 57 203,685 -78,513

Blue Ribbon Income Fund (formerly Citadel Diversified Investment Trust)

Trust Units Blue Ribbon Income Fund 1 05/09/2017 38 9.48 2,500 2,500


Trust Units Blue Ribbon Income Fund 1 05/09/2017 38 9.48 0 -2,500






























Trust Units Blue Ribbon Income Fund 1 26/09/2017 38 9.7 100 100


Trust Units Blue Ribbon Income Fund 1 26/09/2017 38 9.7 0 -100





Insider Reporting

October 12, 2017

(2017), 40 OSCB 8312



Acquired/ Disposed









BlueRush Media Group Corp. Common Shares Taylor, Stephen Baxter 4 03/10/2017 10 0.085 122,000 1,000

BlueRush Media Group Corp. Common Shares Taylor, Stephen Baxter 4 03/10/2017 10 0.09 155,000 33,000

BMTC Group Inc. Common Shares Groupe BMTC Inc. 1 07/09/2017 38 12.28 12,000 12,000

BMTC Group Inc. Common Shares Groupe BMTC Inc. 1 07/09/2017 38 0 -12,000

BMTC Group Inc. Common Shares Groupe BMTC Inc. 1 22/09/2017 38 12.26 80,000 80,000

BMTC Group Inc. Common Shares Groupe BMTC Inc. 1 22/09/2017 38 0 -80,000

BNK Petroleum Inc. Common Shares Harrington Global Limited 3 02/10/2017 10 0.3119 28,080,000 293,000




BNK Petroleum Inc. Common Shares Harrington Global Opportunities Fund Limited

3 02/10/2017 10 0.3119 28,080,000 293,000


3 03/10/2017 10 0.3148 28,106,000 26,000


3 04/10/2017 10 0.315 28,107,500 1,500


3 05/10/2017 10 0.3245 28,368,500 261,000

Bombardier Inc. Deferred Stock Units/Unités d'actions différées

Beaudoin, Laurent 4, 5 02/10/2017 56 2.1656 292,119 21,541


Bissonnette, Joanne 4 02/10/2017 56 335,686 10,770


Bombardier, J.R. André 3, 4, 5 02/10/2017 56 567,558 21,541


Brooks, Martha 4 02/10/2017 56 447,803 10,770


Fontaine, Jean-Louis 4, 5 02/10/2017 56 565,870 21,541


Henningsen, August W. 4 02/10/2017 56 145,364 21,541


Marcouiller, Pierre 4 02/10/2017 56 44,950 23,695


Pandit, Vikram S. 4 02/10/2017 56 292,668 10,770


Pichette, Patrick 4 02/10/2017 56 364,114 11,847


Represas, Carlos 4 02/10/2017 56 391,107 10,770


Tyler, Antony N. 4 02/10/2017 56 41,468 21,541


Weder di Mauro, Beatrice 4 02/10/2017 56 145,364 21,541

Bombardier Inc. Options Zoratti, Alessandro 7 14/09/2017 00 520,549

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8313



Acquired/ Disposed

Bombardier Inc. Performance Share Units/Unites d'actions liees au rendement

Zoratti, Alessandro 7 14/09/2017 00 187,655

Bombardier Inc. Restricted Share Units/Unités d'actions incessibles


Bombardier Inc. Subordinate Voting Shares Classe B/ Class B Shares ( Subordinate Voting)


Bonavista Energy Corporation

Common Shares Jensen, Bruce Wayne 5 01/10/2017 57 2.99 207,125 10,425


Restricted Share Awards (RSA)

Jensen, Bruce Wayne 5 01/10/2017 57 2.99 128,240 -15,000


Common Shares Ranger, Colin 5 01/10/2017 57 2.99 96,023 3,554


Restricted Share Awards (RSA)

Ranger, Colin 5 01/10/2017 57 2.99 64,986 -6,000

Bonterra Energy Corp. Options Curtis, Brad Allen 5 30/09/2017 52 20.46 127,000 -55,000

Bonterra Energy Corp. Options Curtis, Brad Allen 5 30/09/2017 52 34.61 62,000 -65,000

Bonterra Energy Corp. Common Shares Fink, George Frederick 3, 4, 5 29/09/2017 10 16.429 3,185,199 5,000

Bonterra Energy Corp. Common Shares Fink, George Frederick 3, 4, 5 02/10/2017 10 16.291 3,190,199 5,000

Bonterra Energy Corp. Options Fink, George Frederick 3, 4, 5 30/09/2017 52 34.61 62,000 -65,000

Bonterra Energy Corp. Options Jarock, Randy M. 4 30/09/2017 52 20.46 55,000 -25,000

Bonterra Energy Corp. Options Jarock, Randy M. 4 30/09/2017 52 34.61 25,000 -30,000

Bonterra Energy Corp. Options Neumann, Adrian 5 30/09/2017 52 20.46 -55,000

Bonterra Energy Corp. Options Neumann, Adrian 5 30/09/2017 52 20.46 -55,000

Bonterra Energy Corp. Options Neumann, Adrian 5 30/09/2017 52 20.46 127,000 -55,000

Bonterra Energy Corp. Options Neumann, Adrian 5 30/09/2017 52 34.61 62,000 -65,000

Bonterra Energy Corp. Options Thompson, Robb Douglas 5 02/10/2017 52 34.61 117,000 -65,000

Bonterra Energy Corp. Options Thompson, Robb Douglas 5 02/10/2017 52 20.46 62,000 -55,000

Bonterra Energy Corp. Options Tourigny, Rodger 4 30/01/2016 52 49.76 115,000 -30,000



Braveheart Resources Inc. Common Shares Murray, Robert Brian 3, 4, 5 28/09/2017 10 0.085 452,100 -199,000

Braveheart Resources Inc. Common Shares Murray, Robert Brian 3, 4, 5 29/09/2017 10 0.085 100,000

Braveheart Resources Inc. Common Shares Murray, Robert Brian 3, 4, 5 29/09/2017 10 0.085 100,000

Braveheart Resources Inc. Common Shares Murray, Robert Brian 3, 4, 5 29/09/2017 10 0.85 552,100 100,000

Brisio Innovations Inc. Common Shares Andreola, Gianpaolo Fabrisio

4 06/10/2017 10 0.2 1,689,166 40,000

Brookfield Asset Management Inc.

Deferred Share Units Allan, Elyse 4 29/09/2017 30 40.71 7,315 25


Deferred Share Units Allan, Elyse 4 29/09/2017 56 40.71 8,297 982


Deferred Share Units Braly, Angela F. 4 29/09/2017 30 40.71 11,302 39


Deferred Share Units Braly, Angela F. 4 29/09/2017 56 40.71 12,376 1,074


Preferred Shares Class A Series 28


1 02/10/2017 38 17.6 2,800 2,800




1 03/10/2017 38 17.6 4,700 1,900




1 04/10/2017 38 17.497 8,862 4,162




1 04/10/2017 38 0 -8,862




1 04/10/2017 38 26.24 1,475 1,475




1 04/10/2017 38 0 -1,475




1 30/05/2003 00




1 02/10/2017 38 25.81 3,835 3,835

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8314



Acquired/ Disposed




1 03/10/2017 38 25.821 7,670 3,835




1 04/10/2017 38 25.89 11,505 3,835




1 04/10/2017 38 0 -11,505


Deferred Share Units Coutu, Marcel R. 4 29/09/2017 30 50.63 42,050 103


Deferred Share Units Coutu, Marcel R. 4 29/09/2017 30 40.71 42,089 39


Deferred Share Units Coutu, Marcel R. 4 29/09/2017 56 40.71 43,317 1,228


Deferred Share Units Ferreira, Murilo 4 29/09/2017 30 40.71 173 1


Deferred Share Units Ferreira, Murilo 4 29/09/2017 56 40.71 1,186 1,013


Deferred Share Units Kempston Darkes, V. Maureen

4 29/09/2017 30 50.63 50,771 137



4 29/09/2017 30 40.71 50,805 34



4 29/09/2017 56 40.71 51,312 507


Deferred Share Units Kerr, David Wylie 4, 6 29/09/2017 30 50.63 28,054 65






Deferred Share Units McKenna, Frank 4 29/09/2017 30 50.63 149,338 311


Deferred Share Units McKenna, Frank 4 29/09/2017 30 40.71 149,533 195


Deferred Share Units McKenna, Frank 4 29/09/2017 56 40.71 152,604 3,071


Deferred Share Units Miranda Robredo, Rafael 4 29/09/2017 30 40.71 173 1


Deferred Share Units Miranda Robredo, Rafael 4 29/09/2017 56 40.71 1,186 1,013


Deferred Share Units Nasr, Youssef 8 29/09/2017 30 50.63 21,681 40






Deferred Share Units O'Donnell, Augustine Thomas

4 29/09/2017 30 50.63 22,178 14



4 29/09/2017 30 40.71 22,240 62



4 29/09/2017 56 40.71 23,254 1,014


Deferred Share Units Seek, Ngee Huat 4 29/09/2017 30 50.63 25,679 26


Deferred Share Units Seek, Ngee Huat 4 29/09/2017 30 40.71 25,741 62


Deferred Share Units Seek, Ngee Huat 4 29/09/2017 56 40.71 26,754 1,013


Deferred Share Units Taylor, Diana 4 29/09/2017 30 50.63 28,347 37


Deferred Share Units Taylor, Diana 4 29/09/2017 30 40.71 28,407 60


Deferred Share Units Taylor, Diana 4 29/09/2017 56 40.71 29,420 1,013

Brookfield Renewable Partners L.P.

Deferred Share Units Christie, Douglas 7 29/09/2017 30 5,965 51


Deferred Share Units Christie, Douglas 7 29/09/2017 30 5,997 32

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8315



Acquired/ Disposed


Deferred Share Units Deschatelets, Julian 7 29/09/2017 30 318 4

BRP Inc. Subordinate Voting Shares

Bekenstein, Joshua 4 28/09/2017 11 78,706 78,706


Bekenstein, Joshua 4 28/09/2017 47 0 -78,706


BRP Inc. 1 06/09/2017 38 39.989 19,800 19,800


BRP Inc. 1 07/09/2017 38 40.457 39,600 19,800


BRP Inc. 1 08/09/2017 38 39.755 59,400 19,800


BRP Inc. 1 11/09/2017 38 39.726 79,200 19,800


BRP Inc. 1 12/09/2017 38 40.709 99,000 19,800


BRP Inc. 1 13/09/2017 38 40.736 118,800 19,800


BRP Inc. 1 14/09/2017 38 40.719 138,600 19,800


BRP Inc. 1 15/09/2017 38 40.7 158,400 19,800


BRP Inc. 1 18/09/2017 38 40.948 178,200 19,800


BRP Inc. 1 19/09/2017 38 40.839 198,000 19,800


BRP Inc. 1 20/09/2017 38 40.813 217,100 19,100


BRP Inc. 1 21/09/2017 38 41.016 236,900 19,800


BRP Inc. 1 22/09/2017 38 42.974 256,700 19,800


BRP Inc. 1 25/09/2017 38 45.134 276,500 19,800


BRP Inc. 1 29/09/2017 38 0 -276,500

Bryant Resources Inc. Warrants Windt, J. Bradley 3, 4, 5 03/07/2013 00

Bryant Resources Inc. Warrants Windt, J. Bradley 3, 4, 5 03/07/2013 00

BSM Technologies Inc. Common Shares BSM Technologies Inc. 1 01/09/2017 38 1.46 33,100 10,000




















BSM Technologies Inc. Common Shares BSM Technologies Inc. 1 29/09/2017 38 16,000 -220,027

BTB Real Estate Investment Trust

Parts différées Ducharme, Lucie 4 30/09/2017 46 4.706 10,005 1,860

BTB Real Estate Investment Trust

Parts différées Ducharme, Lucie 4 30/09/2017 35 4.706 10,190 185

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8316



Acquired/ Disposed

Cadillac Ventures Inc. Common Shares Brewster, Norman 5 04/10/2017 10 0.045 6,793,120 15,000

Cadillac Ventures Inc. Common Shares Brewster, Norman 5 06/10/2017 10 0.05 6,813,120 20,000

CAE Inc. Deferred Share Units Billson, Margaret 4 30/09/2017 56 21.55 18,685 1,869

CAE Inc. Common Shares CAE INC. 1 01/09/2017 38 20.54 25,000 25,000

















CAE Inc. Common Shares CAE INC. 1 29/09/2017 38 20.35 0 -229,900

CAE Inc. Deferred Share Units Fortier, Michael M 4 30/09/2017 56 21.55 53,990 2,177

CAE Inc. Deferred Share Units Hankinson, James Floyd 4 30/09/2017 56 21.55 144,548 2,132

CAE Inc. Common Shares Leontidis, Nick 5 26/09/2017 10 20.771 -7

CAE Inc. Common Shares Leontidis, Nick 5 26/09/2017 10 20.771 61,433 -207

CAE Inc. Common Shares Leontidis, Nick 5 26/09/2017 10 20.775 -3,400

CAE Inc. Common Shares Leontidis, Nick 5 26/09/2017 10 20.775 57,975 -3,458

CAE Inc. Deferred Share Units MacGibbon, Alan 4 30/09/2017 56 21.55 22,367 2,237

CAE Inc. Deferred Share Units Manley, John Paul 4 30/09/2017 56 21.55 102,003 2,330

CAE Inc. Deferred Share Units Olivier, François 4 30/09/2017 56 21.55 4,292 1,757

CAE Inc. Deferred Share Units Schoomaker, Peter J. 4 30/09/2017 56 21.55 92,064 2,289

CAE Inc. Deferred Share Units Stevens, Andrew John 4 30/09/2017 56 21.55 48,445 2,397

CAE Inc. Deferred Share Units Stevenson, Katharine Berghuis

4 30/09/2017 56 21.55 104,587 2,341

Canadian Metals Inc. Common Shares Nardella, Luigi 4 19/09/2017 00 20,846

Canadian Metals Inc. Convertible Debentures Nardella, Luigi 4 19/09/2017 00 $5,000

Canadian Metals Inc. Convertible Debentures 10% unsecured due December 31, 2020

Nardella, Luigi 4 19/09/2017 00 $10,000

Canadian Metals Inc. Options Nardella, Luigi 4 19/09/2017 00

Canadian Metals Inc. Options Nardella, Luigi 4 02/10/2017 50 0.075 200,000 200,000

Canadian National Railway Company

Common Shares Canadian National Railway Company

1 01/09/2017 38 81.196 34,979



1 01/09/2017 38 81.196 257,030 84,979



1 05/09/2017 38 80.311 256,562 85,916



1 06/09/2017 38 81.431 255,629 84,734



1 07/09/2017 38 170,650 -84,979



1 07/09/2017 38 84,734 -85,916



1 07/09/2017 38 81.429 169,470 84,736



1 08/09/2017 38 84,736 -84,734



1 08/09/2017 38 81.482 169,414 84,678



1 11/09/2017 38 84,678 -84,736

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8317



Acquired/ Disposed



1 11/09/2017 38 81.697 171,584 86,906



1 12/09/2017 38 86,906 -84,678



1 12/09/2017 38 81.922 173,573 86,667



1 13/09/2017 38 86,667 -86,906



1 13/09/2017 38 80.9 174,429 87,762



1 14/09/2017 38 87,762 -86,667



1 14/09/2017 38 80.968 175,450 87,688



1 15/09/2017 38 87,688 -87,762



1 15/09/2017 38 81.322 174,995 87,307



1 18/09/2017 38 87,307 -87,688



1 18/09/2017 38 81.745 173,673 86,366



1 19/09/2017 38 86,366 -87,307



1 19/09/2017 38 82.25 172,201 85,835



1 20/09/2017 38 85,835 -86,366



1 20/09/2017 38 82.131 171,795 85,960



1 21/09/2017 38 85,960 -85,835



1 21/09/2017 37 82.63 85,441



1 21/09/2017 38 82.63 171,401 85,441



1 22/09/2017 38 85,441 -85,960



1 25/09/2017 38 0 -85,441



1 25/09/2017 38 81.96 86,139 86,139



1 25/09/2017 38 100.52 171,639 85,500



1 26/09/2017 38 85,500 -86,139



1 26/09/2017 38 101.27 170,400 84,900



1 27/09/2017 38 84,900 -85,500



1 27/09/2017 38 103.01 168,300 83,400



1 28/09/2017 38 83,400 -84,900



1 28/09/2017 38 103.63 166,300 82,900



1 29/09/2017 38 82,900 -83,400



1 29/09/2017 38 103.69 165,800 82,900



1 02/10/2017 38 82,900 -82,900



1 03/10/2017 38 0 -82,900

Canadian Natural Resources Limited

Common Shares Andersen, Troy John Peter 5 08/05/2017 00

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8318



Acquired/ Disposed


Common Shares Andersen, Troy John Peter 5 03/10/2017 51 28.06 1,425 1,425


Common Shares Andersen, Troy John Peter 5 03/10/2017 10 42.26 0 -1,425


Options Andersen, Troy John Peter 5 03/10/2017 51 28.06 122,783 -1,425


Common Shares Best, Catherine May 4 02/10/2017 46 41.809 31,228 1,000


Common Shares Cusson, Réal, Michel 5 03/10/2017 10 28.74 726,615 15,000


Common Shares Cusson, Réal, Michel 5 03/10/2017 10 42.334 711,615 -15,000


Options Cusson, Réal, Michel 5 03/10/2017 51 -15,000


Options Cusson, Réal, Michel 5 03/10/2017 51 285,000 -15,000


DSU Faithfull, Timothy W. 4 02/10/2017 46 41.809 28,000 1,000


Common Shares Filmon, Gary 4 02/10/2017 46 41.809 18,990 1,000


Common Shares Fong, Christopher Lee 4 02/10/2017 46 41.809 29,588 1,000


Common Shares Giffin, Gordon D. 4 02/10/2017 46 41.809 65,821 1,000


Common Shares Gobert, Wilfred Arthur 4 02/10/2017 46 41.809 29,884 1,000


Common Shares Laing, Ronald Keith 5 28/09/2017 51 34.96 11,825 4,000


Common Shares Laing, Ronald Keith 5 28/09/2017 10 42.54 7,825 -4,000


Options Laing, Ronald Keith 5 28/09/2017 51 34.96 322,500 -4,000


DSU McKenna, Frank 4 02/10/2017 46 41.809 34,010 1,000


Common Shares Tuer, David 4 02/10/2017 46 41.809 78,508 1,000


Common Shares Verschuren, Annette Marie 4 02/10/2017 46 41.809 12,257 1,000

Canadian Oil Recovery & Remediation Enterprises Ltd.

Common Shares Lorenzo, John Michael 4 29/09/2017 10 0.025 15,446,686 15,000

Canadian Oil Recovery & Remediation Enterprises Ltd.

Common Shares Lorenzo, John Michael 4 04/10/2017 10 0.025 15,463,686 17,000

Canadian Pacific Railway Limited

Rights DSU Baird, John Russell 4 30/09/2017 56 205.64 2,985 285


Common Shares Canadian Pacific Railway Limited

1 01/09/2017 38 193.94 188,800 8,800



1 01/09/2017 38 167,100 -21,700



1 05/09/2017 38 192.31 186,200 19,100



1 05/09/2017 38 181,700 -4,500



1 06/09/2017 38 193.77 191,700 10,000



1 06/09/2017 38 181,700 -10,000



1 07/09/2017 38 193.46 187,100 5,400



1 07/09/2017 38 159,200 -27,900



1 08/09/2017 38 193.66 160,400 1,200



1 08/09/2017 38 150,400 -10,000



1 11/09/2017 38 193.95 156,300 5,900

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8319



Acquired/ Disposed



1 11/09/2017 38 150,900 -5,400



1 12/09/2017 38 149,700 -1,200



1 13/09/2017 38 192.28 174,700 25,000



1 13/09/2017 38 168,800 -5,900



1 14/09/2017 38 193.54 179,100 10,300



1 15/09/2017 38 193.16 189,100 10,000



1 15/09/2017 38 164,100 -25,000



1 18/09/2017 38 153,800 -10,300



1 19/09/2017 38 143,800 -10,000


Rights DSU Courville, Isabelle 4 30/09/2017 56 205.64 6,149 161


Rights DSU Denham, Gillian H. (Jill) 4 30/09/2017 56 205.64 1,255 285


Rights DSU Fatt, William Robert 4 30/09/2017 56 205.64 1,415 322


Rights DSU MACDONALD, REBECCA 4 30/09/2017 56 205.64 8,900 322


Rights DSU Paull, Matthew 4 30/09/2017 56 166.24 3,008 353


Rights DSU Peverett, Jane Leslie 4 30/09/2017 56 205.64 988 322


Rights DSU Reardon, Andrew Fitzpatrick 4 30/09/2017 56 166.24 9,919 594


Rights DSU Trafton II, Gordon T. 4 30/09/2017 56 166.24 1,127 353

Canadian Real Estate Investment Trust

Units Real Estate Investment Trust Units

Brough, John A. 4 29/09/2017 10 46.17 151 -1,410

Canadian Tire Corporation, Limited

Deferred Share Units Anderson, Eric Thomas 4 30/09/2017 56 152.78 153


Deferred Share Units Anderson, Eric Thomas 4 30/09/2017 56 152.78 153


Deferred Share Units Anderson, Eric Thomas 4 30/09/2017 56 152.78 1,273 381


Deferred Share Units Boivin, Pierre 4 30/09/2017 56 152.78 5,142 277


Non-Voting Shares Class A


1 02/10/2017 38 156.79 21,000




1 02/10/2017 38 156.79 21,000




1 02/10/2017 38 -21,000




1 02/10/2017 38 -21,000




1 02/10/2017 38 156.53 21,000 21,000




1 02/10/2017 38 0 -21,000




1 03/10/2017 38 156.44 21,000




1 03/10/2017 38 156.44 21,000




1 03/10/2017 38 155.76 21,000 21,000




1 03/10/2017 38 0 -21,000




1 04/10/2017 38 156.44 21,000 21,000

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8320



Acquired/ Disposed




1 04/10/2017 38 0 -21,000




1 05/10/2017 38 156.79 21,000 21,000




1 05/10/2017 38 0 -21,000




1 06/10/2017 38 156.52 21,000 21,000




1 06/10/2017 38 0 -21,000


Deferred Share Units Derbyshire, Mark Elwin 4 30/09/2017 56 152.78 1,903 303


Deferred Share Units Furlong, John Aloysius Francis

4 30/09/2017 56 152.78 5,564 146


Deferred Share Units L'Heureux, Claude R. 4 30/09/2017 56 152.78 281


Deferred Share Units L'Heureux, Claude R. 4 30/09/2017 56 152.78 281


Deferred Share Units L'Heureux, Claude R. 4 30/09/2017 56 152.78 11,015 281


Deferred Share Units Murray, Donald Allan 4 30/09/2017 56 152.78 504 291


Deferred Share Units Price, Timothy Robert 4 30/09/2017 56 152.78 17,334 196


Deferred Share Units von Hahn, Anatol 4 30/09/2017 56 152.78 2,667 321

Canadian Western Bank Common Shares Bibby, Andrew John 4 20/12/2016 10 30.89 200



Canadian Western Bank Common Shares Bibby, Andrew John 4 29/09/2017 30 32.8 8,869 64

Canadian Western Bank Common Shares Bibby, Andrew John 4 29/09/2017 30 32.8 1,084 7

Canadian Western Bank Options Halliwell, Michael Norman 5 10/03/2017 50 104,977 10,205

Canadian Western Bank Rights Performance Share Units

Halliwell, Michael Norman 5 30/09/2017 30 8,025 244

Canadian Western Bank Rights Restricted Share Units

Halliwell, Michael Norman 5 30/09/2017 56 11,477 3,664


Halliwell, Michael Norman 5 30/09/2017 59 7,797 -3,680

Canadian Western Bank Common Shares Shore, Lester 5 01/10/2017 00 1,232

Canadian Western Bank Options Shore, Lester 5 01/10/2017 00 43,011


Shore, Lester 5 01/10/2017 00 7,401

CANADIAN ZINC CORPORATION

Rights Deferred Share Unit

Nickerson, Dave 4 02/10/2017 56 0.205 340,402 30,487



Potvin, Jean-Charles 4 02/10/2017 46 0.205 148,513 30,487



SWALLOW, MALCOLM JOHN ALEXANDER

4 02/10/2017 46 0.205 126,129 30,487



Ward, Ian Richard 4 30/09/2017 46 0.205 148,513 30,487



Warwick, John Michael 4 30/09/2017 46 148,513 30,487

Canarc Resource Corp. Common Shares Canarc Resource Corp. 1 02/10/2017 10 0.0843 408,000 140,000

Cannabis Wheaton Income Corp.

Common Shares Lickver, Michael David 5 02/10/2017 36 15,000 15,000


Special Warrants Lickver, Michael David 5 02/10/2017 36 0 -15,000


Warrants Lickver, Michael David 5 02/10/2017 36 4,656,528 15,000


Common Shares McKay, Ian Gerard 4 26/04/2017 00


Common Shares McKay, Ian Gerard 4 02/10/2017 36 100,000 100,000


Special Warrants McKay, Ian Gerard 4 02/10/2017 36 0 -100,000

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8321



Acquired/ Disposed


Warrants McKay, Ian Gerard 4 26/04/2017 00


Warrants McKay, Ian Gerard 4 02/10/2017 36 100,000 100,000


Common Shares McNamee, Bradley 5 05/05/2017 00


Common Shares McNamee, Bradley 5 02/10/2017 36 250,000 250,000


Special Warrants McNamee, Bradley 5 02/10/2017 36 0 -250,000


Warrants McNamee, Bradley 5 05/05/2017 00


Warrants McNamee, Bradley 5 02/10/2017 36 250,000 250,000


Common Shares Rifici, Charles 4, 6, 5 02/10/2017 36 4,590,000 3,640,000


Special Warrants Rifici, Charles 4, 6, 5 02/10/2017 36 0 -3,640,000


Warrants Rifici, Charles 4, 6, 5 21/03/2017 00


Warrants Rifici, Charles 4, 6, 5 02/10/2017 36 3,640,000 3,640,000

CanniMed Therapeutics Inc. Common Shares Holbrook, Larry 5 03/10/2017 10 10.25 81,000 -5,000

CannTrust Holdings Inc. Common Shares Dan, Aubrey 4 11/08/2011 00

CannTrust Holdings Inc. Common Shares Dan, Aubrey 4 06/10/2017 10 4.55 4,557


CannTrust Holdings Inc. Common Shares Dan, Aubrey 4 06/10/2017 10 4.557 4,557 4,557









CannTrust Holdings Inc. Common Shares Litwin, Mark 4, 5 05/10/2017 10 4.1 1,799,247 -122,375

CannTrust Holdings Inc. Common Shares Sanders, Mitchell J. 4 05/10/2017 10 4.06 1,214,116 -41,000

Canso Select Opportunities Fund

Units Class A Canso Investment Counsel Ltd.

7 04/10/2017 10 10.7 334,000 1,000

CanWel Building Materials Group Ltd.

Common Shares Code, James Salter 5 02/10/2017 36 5.85 55,243 5,128


Subscription Receipts Code, James Salter 5 02/10/2017 36 5.85 0 -5,128


Common Shares Doman, Amar 4 02/10/2017 37 5.85 12,660,370 854,701


Subscription Receipts Doman, Amar 4 02/10/2017 36 5.85 0 -854,701


Common Shares Donaldson, Thomas Gerard 4 02/10/2017 36 5.85 95,022 5,000


Subscription Receipts Donaldson, Thomas Gerard 4 02/10/2017 36 5.85 0 -5,000


Common Shares Fleiser, Sam 4 02/10/2017 36 5.85 13,675 13,675


Subscription Receipts Fleiser, Sam 4 02/10/2017 36 5.85 0 -13,675


Common Shares Marshall, Stephen William 4, 5 02/10/2017 36 5.85 145,750 27,000


Subscription Receipts Marshall, Stephen William 4, 5 02/10/2017 36 5.85 0 -27,000


Common Shares Seguin, Marc 4 02/10/2017 36 5.85 89,668 25,641


Subscription Receipts Seguin, Marc 4 02/10/2017 36 5.85 0 -25,641

Cardero Resource Corp. Common Shares Kopple, Robert Charles 3 27/09/2017 11 10 2,250,000

Cardero Resource Corp. Common Shares Kopple, Robert Charles 3 27/09/2017 11 10 2,250,000

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8322



Acquired/ Disposed

Cardiome Pharma Corp. Common Shares Archibald, Jennifer 5 27/09/2017 10 2.54 9,533 -1,125

Cardiome Pharma Corp. Common Shares Archibald, Jennifer 5 27/09/2017 10 2.57 8,933 -600





Cardiome Pharma Corp. Common Shares Archibald, Jennifer 5 27/09/2017 10 2.53 0 -2,359





Carrus Capital Corporation Common Shares Shynkaryk, Chester 5 02/10/2017 10 1.55 15,000 -2,500

Carrus Capital Corporation Common Shares Shynkaryk, Chester 5 02/10/2017 10 1.55 140,000 -10,000

Cartier Iron Corporation (Formerly Northfield Metals Inc.)

Common Shares LARSEN, THOMAS 4, 5 02/10/2017 10 0.085 167,000 12,000

Cascadero Copper Corporation

Common Shares Lewis, Sharon Leigh 5 05/10/2017 10 0.08 204,000 -125,000

CCL Industries Inc. Rights Deferred Share Units

Block, Paul J. 4 30/09/2017 56 59.68 78,237 151


Galifi, Vincent Joseph 4 30/09/2017 56 59.68 2,232 104


Guillet, Edward 4 30/09/2017 56 59.68 68,602 132


Keller-Hobson, Kathleen 4 30/09/2017 56 59.68 6,527 13


Lang, Erin Melissa 4 30/09/2017 56 59.68 2,154 38


Lang, Stuart W. 4 30/09/2017 56 59.68 30,681 59


Muzyka, Douglas W. 4 30/09/2017 56 59.68 3,102 89


Peddie, Tom 4 30/09/2017 56 59.68 155,639 299


Shapansky, Mandy 4 30/09/2017 56 59.68 8,555 17

Celestica Inc. Deferred Share Units DiMaggio, Dan 4 02/10/2017 56 12.38 164,760 3,710

Celestica Inc. Deferred Share Units Etherington, William 4 02/10/2017 56 12.38 376,114 7,270

Celestica Inc. Deferred Share Units Gross, Thomas 4 02/10/2017 56 12.38 12,898 3,710

Celestica Inc. Deferred Share Units Koellner, Laurette 4 02/10/2017 56 12.38 188,706 4,013

Celestica Inc. Deferred Share Units Onex Corporation 3 30/09/2017 56 12.38 190,784 4,746

Celestica Inc. Deferred Share Units Perry, Carol Susan 4 02/10/2017 56 12.38 95,346 4,745

Celestica Inc. Deferred Share Units Ryan, Eamon James 4 02/10/2017 56 12.38 240,144 3,787

Celestica Inc. Deferred Share Units Wilson, Michael M. 4 02/10/2017 56 12.38 160,451 4,948

Centerra Gold Inc. Rights Restricted Share Units

Connor, Richard Webster 4 30/09/2017 56 8.95 3,087 3,087


Kubatov, Eduard 4 30/09/2017 56 8.95 3,087 3,087


Kyshtobaev, Nurlan 4 30/09/2017 56 8.95 3,087 3,087


Lang, Stephen A. 5 30/09/2017 56 8.95 58,831 6,494


Parrett, Michael S. 4 30/09/2017 56 8.95 48,613 3,087

Centerra Gold Inc. Common Shares Perron, Jacques 4 30/09/2017 57 8.95 96,419 1,543


Perron, Jacques 4 30/09/2017 56 8.95 3,087 3,087


Perron, Jacques 4 30/09/2017 57 8.95 1,544 -1,543


Perron, Jacques 4 30/09/2017 59 8.95 0 -1,544


Pressler, Sheryl 4 30/09/2017 56 8.95 3,087 3,087

Centerra Gold Inc. Deferred Share Units Rogers, Terry Vernon 6 30/09/2017 56 8.95 64,866 617

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8323



Acquired/ Disposed


Rogers, Terry Vernon 6 30/09/2017 56 8.95 2,470 2,470


Sagynov, Bektur 4 30/09/2017 56 8.95 3,087 3,087

Centerra Gold Inc. Deferred Share Units Walter, Bruce V. 4 30/09/2017 56 8.95 93,347 5,029

Cervus Equipment Corporation

Common Shares Bell, Don 4 17/07/2017 30 11.06 10,966 68


Common Shares Bell, Don 4 28/09/2017 10 13.7 0 -3,156


Common Shares Cervus Equipment Corporation

1 25/09/2017 38 21,319 -2,600


Common Shares Cervus Equipment Corporation

1 29/09/2017 38 0 -21,319

CGI Group Inc. Rights Performance Share Units

Baticle, Jean-Michel 5 06/03/2013 00


Baticle, Jean-Michel 5 01/10/2017 56 64.7 7,913 7,913


Boulanger, François 5 16/01/2003 00


Boulanger, François 5 01/10/2017 56 64.7 13,366 13,366


Boyajian, Mark 5 19/05/2015 00


Boyajian, Mark 5 01/10/2017 56 64.7 7,355 7,355


Dube, Benoit 5 29/04/2008 00


Dube, Benoit 5 01/10/2017 56 64.7 6,390 6,390


Forman, Stuart 5 25/02/2015 00


Forman, Stuart 5 01/10/2017 56 64.7 1,250 1,250


Godin, Julie 4 03/08/2009 00


Godin, Julie 4 01/10/2017 56 64.7 7,039 7,039


Godin, Serge 3, 4 01/10/2017 56 64.7 632,440 163,773


Gorber, Lorne Shawn 5 24/11/2005 00


Gorber, Lorne Shawn 5 01/10/2017 56 64.7 2,284 2,284


Henderson, Dave 5 19/05/2015 00


Henderson, Dave 5 01/10/2017 56 64.7 8,328 8,328

CGI Group Inc. Options Hurlebaus, Timothy 5 01/10/2017 00 61,487


Hurlebaus, Timothy 5 01/10/2017 00


Hurlebaus, Timothy 5 01/10/2017 56 64.7 6,426 6,426

CGI Group Inc. Subordinate Voting Shares Classe A

Hurlebaus, Timothy 5 01/10/2017 00 7,940


Keating, Michael John 5 30/05/2017 00


Keating, Michael John 5 01/10/2017 56 64.7 1,922 1,922


Linder, Kevin Morris 5 01/10/2014 00


Linder, Kevin Morris 5 01/10/2017 56 64.7 1,380 1,380

CGI Group Inc. Options Mattackal, George Jacob 5 01/10/2017 00 39,382


Mattackal, George Jacob 5 01/10/2017 00


Mattackal, George Jacob 5 01/10/2017 56 64.7 2,689 2,689

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8324



Acquired/ Disposed

CGI Group Inc. Subordinate Voting Shares Classe A

Mattackal, George Jacob 5 01/10/2017 00 836


McCuaig, Douglas 5 11/06/2004 00


McCuaig, Douglas 5 01/10/2017 56 64.7 7,197 7,197


Nikku, Heikki 5 19/05/2015 00


Nikku, Heikki 5 01/10/2017 56 64.7 6,881 6,881


Perron, Steve 5 01/07/2016 00


Perron, Steve 5 01/10/2017 56 64.7 1,170 1,170


Rocheleau, Daniel 5 16/01/2003 00


Rocheleau, Daniel 5 01/10/2017 56 64.7 2,580 2,580


Schindler, George Donald 4, 5 15/09/2004 00


Schindler, George Donald 4, 5 01/10/2017 56 64.7 42,016 42,016


THORN, STEPHEN MARK 5 01/10/2016 00


THORN, STEPHEN MARK 5 01/10/2017 56 64.7 5,979 5,979


Vigeant, Guy 5 01/10/2016 00


Vigeant, Guy 5 01/10/2017 56 64.7 1,380 1,380

Chartwell Retirement Residences

Deferred Units Bastarache, Lise 4 30/09/2017 46 14.919 69,079 1,874


Rights Restricted Trust Units

Binions, W. Brent 4, 5 30/09/2017 30 14.961 170,898 1,635



Boulakia, Jonathan 5 30/09/2017 30 14.961 41,228 394



Chateauvert, Sheri Lynn 5 30/09/2017 30 14.961 42,222 404


Deferred Units Davis, Virginia Ann 4 30/09/2017 46 14.919 2,300 1,236


Deferred Units Harris, Michael Deane 4 30/09/2017 46 14.919 250,110 6,209


Deferred Units Kuzmicki, Andre 7 30/09/2017 46 14.919 151,165 3,890


Deferred Units Robinson, Sidney P H 4 30/09/2017 46 14.919 190,095 4,463


Deferred Units Sallows, Sharon 4 30/09/2017 46 14.919 106,520 3,246



Sullivan, Karen Leslie 5 30/09/2017 30 14.961 46,268 443


Deferred Units Thomas, John Huw 4 30/09/2017 46 14.919 79,024 3,401



Volodarski, Vlad 5 30/09/2017 30 14.961 46,916 449

Chesswood Group Limited Common Shares Steiner, Frederick William 7 29/09/2017 10 12.05 75,000 -25,000

Choice Properties Real Estate Investment Trust

Rights Deferred Units Adams, Kerry Dawn 4 29/09/2017 30 37,040 512


Rights Deferred Units Adams, Kerry Dawn 4 02/10/2017 56 38,300 1,260


Rights Deferred Units Clark, Christie James Beckett

4, 6 29/09/2017 30 7,026 93


Rights Deferred Units Clark, Christie James Beckett

4, 6 02/10/2017 56 8,163 1,137


Rights Deferred Units Eadie, Graeme McAlilster 4 29/09/2017 30 2,205 26


Rights Deferred Units Eadie, Graeme McAlilster 4 02/10/2017 56 3,351 1,146

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8325



Acquired/ Disposed


Rights Deferred Units Felman, Michelle 4 30/09/2017 30 46,140 635


Rights Deferred Units Felman, Michelle 4 02/10/2017 56 48,413 2,273


Rights Deferred Units Graham, Anthony R. 7 30/09/2017 30 1,842 18


Rights Deferred Units Graham, Anthony R. 7 02/10/2017 56 4,456 2,614


Rights Deferred Units Kitt, Michael 4 30/09/2017 30 51,707 711


Rights Deferred Units Kitt, Michael 4 02/10/2017 56 54,227 2,520


Rights Deferred Units Sullivan, Daniel Francis 4 30/09/2017 30 28,958 398


Rights Deferred Units Sullivan, Daniel Francis 4 02/10/2017 56 30,379 1,421


Rights Deferred Units Weiss, Paul Raymond 4 30/09/2017 30 26,885 371


Rights Deferred Units Weiss, Paul Raymond 4 02/10/2017 56 27,833 948


Rights Deferred Units Weston, Willard Galen Garfield

4, 6 30/09/2017 30 51,621 719

Chorus Aviation Inc. Deferred Share Units Collins, Gary 4 30/09/2017 56 8.41 144,257 892

Chorus Aviation Inc. Deferred Share Units Cramm, Karen 4 30/09/2017 56 8.41 79,227 1,427

Chorus Aviation Inc. Deferred Share Units Falconer, Richard Douglas 4 30/09/2017 56 8.41 76,228 2,081

Chorus Aviation Inc. Deferred Share Units Hannahs, R. Stephen 4 30/09/2017 56 8.41 25,988 2,051

Chorus Aviation Inc. Deferred Share Units Isaacs, Sydney John 4, 7 30/09/2017 56 8.41 79,544 892

Chorus Aviation Inc. Deferred Share Units McCoy, Richard H. 4 30/09/2017 56 8.41 213,897 3,864

Chorus Aviation Inc. Deferred Share Units Morin, Marie-Lucie 4, 5 30/09/2017 56 8.41 10,149 1,174

Chorus Aviation Inc. Rights (Ongoing Long-Term Incentive Plan)

Slevin, Una 7 18/09/2017 00 3,382

CI Financial Corp. Common Shares CI Financial Corp. 1 01/09/2017 38 27.364 39,300 39,300

CI Financial Corp. Common Shares CI Financial Corp. 1 01/09/2017 38 0 -39,300





























Insider Reporting

October 12, 2017

(2017), 40 OSCB 8326



Acquired/ Disposed











CKR Carbon Corporation Common Shares Inwentash, Sheldon 4, 5 29/09/2017 10 0.06 662,000 -338,000

CKR Carbon Corporation Common Shares Inwentash, Sheldon 4, 5 29/09/2017 10 0.055 0 -662,000

Clarke Inc. Common Shares Clarke Inc. 1 12/09/2017 38 9.33 700 700

Clarke Inc. Common Shares Clarke Inc. 1 12/09/2017 38 9.33 700

Clarke Inc. Common Shares Clarke Inc. 1 12/09/2017 38 9.33 700

Clarke Inc. Common Shares Clarke Inc. 1 14/09/2017 38 -700

Clarke Inc. Common Shares Clarke Inc. 1 14/09/2017 38 -700

Clarke Inc. Common Shares Clarke Inc. 1 30/09/2017 38 0 -700

Clarocity Corporation (formerly, Zaio Corporation)

Common Shares StableView Asset Management

3 27/09/2017 16 0.12 28,684,599 1,995,888

Cliffside Capital Ltd. Common Shares Bharucha, Yazdi 5 29/08/2017 90 150,000 -850,000

Cliffside Capital Ltd. Common Shares Bharucha, Yazdi 5 03/02/2015 00

Cliffside Capital Ltd. Common Shares Bharucha, Yazdi 5 29/08/2017 90 850,000 850,000

Co-operators General Insurance Company

Preferred Shares Class A Series B

Daniel, Kevin 7 30/09/2017 30 100 1,722 1



Guglietti, Lisa 5 01/10/2017 30 100 2,183 435



Hanna, Paul 7 30/09/2017 30 100 947 1



McCombie, Richard Allen 7 30/09/2017 30 100 3,392 4

CORAL GOLD RESOURCES LTD.

Common Shares Andrews, Ronald D. 4 04/10/2017 10 0.27 467,500 5,000


Common Shares Robertson, Gary Ralph 4 05/10/2017 51 0.3 575,000 75,000


Options Robertson, Gary Ralph 4 05/10/2017 51 0.3 350,000 -75,000

Corby Spirit and Wine Limited (formerly Corby Distilleries Limited)

Common Shares Class A Cote, Stephane 5 25/08/2017 30 21.605 6,779 232


Common Shares Class A Cote, Stephane 5 22/09/2017 30 21.641 6,899 120


Common Shares Class A Holub, Paul 5 25/08/2017 30 21.605 21,782 285


Common Shares Class A Holub, Paul 5 22/09/2017 30 21.641 21,853 71


Common Shares Class A Llewellyn, Robert 4 22/09/2017 30 21.641 2,995 168


Common Shares Class A Lussier, Donald Vincent 4 22/09/2017 30 21.641 4,473 168


Common Shares Class A McCarthy, George 4 22/09/2017 30 21.641 22,568 248


Common Shares Class A Nielsen, Patricia 4 22/09/2017 30 21.641 21,112 168


Common Shares Class A O'Driscoll, Roland Patrick 4, 5 25/08/2017 30 21.605 14,078 234

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8327



Acquired/ Disposed


Common Shares Class A O'Driscoll, Roland Patrick 4, 5 22/09/2017 30 21.641 14,193 115


Common Shares Class A Sanchez Villarreal, Antonio 4, 5 25/08/2017 30 21.605 2,030 166


Common Shares Class A Sanchez Villarreal, Antonio 4, 5 22/09/2017 30 21.641 2,115 85


Common Shares Class A Valencia, Marc Andrew 5 25/08/2017 30 21.605 24,477 285


Common Shares Class A Valencia, Marc Andrew 5 22/09/2017 30 21.641 24,624 147

Corridor Resources Inc. Deferred Share Unit (DSU)

McKee, James Simon 4 30/09/2017 56 199,378 16,481

Corsa Coal Corp. Common Shares Scott, Robert 4 07/12/2016 37 51,880 -985,720





Corsa Coal Corp. Common Shares Scott, Robert 4 11/09/2017 10 0 -4,680

Corsa Coal Corp. Common Shares Scott, Robert 4 19/07/2016 10 1,893,000 -7,000

Corsa Coal Corp. Common Shares Scott, Robert 4 07/12/2016 37 94,650 -1,798,350

Corsa Coal Corp. Options Scott, Robert 4 07/12/2015 52 5,285,000 -1,075,000

Corsa Coal Corp. Options Scott, Robert 4 07/12/2016 37 -739,500 -6,374,500

Corsa Coal Corp. Options Scott, Robert 4 07/12/2016 99 281,750 1,021,250

Corus Entertainment Inc. Non-Voting Shares Class B

Shaw, Bradley 3 30/09/2017 30 12.612 813 19


Shaw, Bradley 3 30/09/2017 30 12.612 308 8


Shaw, Bradley 3 30/09/2017 30 12.612 308 8


Shaw, Bradley 3 30/09/2017 30 12.612 308 8


Shaw, Bradley 3 30/09/2017 30 12.612 308 8


Shaw, Bradley 3 30/09/2017 30 12.612 154 4


Shaw, Jim 3 30/09/2017 30 12.612 1,466 11


Shaw, Jim 3 30/09/2017 30 12.612 88 6


Shaw, Jim 3 30/09/2017 30 12.612 60 7


Shaw, JR 3 30/09/2017 30 12.612 9,144 102


Shaw, Julie Marie 4 30/09/2017 30 12.612 8,779 84


Shaw, Julie Marie 4 30/09/2017 30 12.612 370 8


Shaw, Julie Marie 4 30/09/2017 30 12.612 370 8


Shaw, Julie Marie 4 30/09/2017 30 12.612 481 10

CounterPath Corporation Common Shares Carothers, Todd 5 02/10/2017 30 2.7016 10,627 98

CounterPath Corporation Common Shares Jones, Donovan 4, 5 02/10/2017 30 3.3459 83,720 136

CounterPath Corporation Common Shares Karp, David Lawrence 5 02/10/2017 30 3.3459 26,301 136

Crescent Point Energy Corp. Deferred Share Units Amirault, Rene 4 01/10/2017 56 42,883 7,267

Crescent Point Energy Corp. Common Shares Bannister, Peter 4 01/10/2017 57 566,174 2,936

Crescent Point Energy Corp. Common Shares Bannister, Peter 4 01/10/2017 97 564,763 -1,411

Crescent Point Energy Corp. Deferred Share Units Bannister, Peter 4 01/10/2017 56 41,959 509

Crescent Point Energy Corp. Restricted Share Units Bannister, Peter 4 01/10/2017 56 22,831 7,622

Crescent Point Energy Corp. Restricted Share Units Bannister, Peter 4 01/10/2017 57 19,895 -2,936

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8328



Acquired/ Disposed

Crescent Point Energy Corp. Common Shares Cillis, Laura Ann 4 01/10/2017 57 5,408 2,519

Crescent Point Energy Corp. Common Shares Cillis, Laura Ann 4 01/10/2017 97 4,198 -1,210

Crescent Point Energy Corp. Restricted Share Units Cillis, Laura Ann 4 01/10/2017 56 22,800 7,267

Crescent Point Energy Corp. Restricted Share Units Cillis, Laura Ann 4 01/10/2017 57 20,281 -2,519

Crescent Point Energy Corp. Common Shares Eade, Mark Gordon 5 01/10/2017 57 30,062 24,000

Crescent Point Energy Corp. Common Shares Eade, Mark Gordon 5 01/10/2017 97 18,542 -11,520

Crescent Point Energy Corp. Restricted Share Units Eade, Mark Gordon 5 01/10/2017 57 38,000 -24,000

Crescent Point Energy Corp. Common Shares Gillard, D. Hugh 4 01/10/2017 57 54,292 2,936

Crescent Point Energy Corp. Common Shares Gillard, D. Hugh 4 01/10/2017 97 52,881 -1,411

Crescent Point Energy Corp. Deferred Share Units Gillard, D. Hugh 4 01/10/2017 56 37,005 7,267

Crescent Point Energy Corp. Restricted Share Units Gillard, D. Hugh 4 01/10/2017 57 12,028 -2,936

Crescent Point Energy Corp. Deferred Share Units Goldthorpe, Edward 4 01/10/2017 56 10,841 7,266

Crescent Point Energy Corp. Common Shares Heinemann, Robert Frederick

4 01/10/2017 57 12,157 2,456

Crescent Point Energy Corp. Common Shares Heinemann, Robert Frederick

4 01/10/2017 97 10,977 -1,180

Crescent Point Energy Corp. Restricted Share Units Heinemann, Robert Frederick

4 01/10/2017 56 19,991 7,267

Crescent Point Energy Corp. Restricted Share Units Heinemann, Robert Frederick

4 01/10/2017 57 17,535 -2,456

Crescent Point Energy Corp. Deferred Share Units Jackson, Michael Sidney 4 01/10/2017 56 8,535 2,286

Crescent Point Energy Corp. Restricted Share Units Jackson, Michael Sidney 4 01/10/2017 56 12,291 7,267

Crescent Point Energy Corp. Common Shares MacDonald, Tamara 5 01/10/2017 57 391,934 17,411

Crescent Point Energy Corp. Common Shares MacDonald, Tamara 5 01/10/2017 97 383,576 -8,358

Crescent Point Energy Corp. Common Shares MacDonald, Tamara 5 04/10/2017 10 9.9 374,523 -9,053

Crescent Point Energy Corp. Restricted Share Units MacDonald, Tamara 5 01/10/2017 57 59,332 -17,411

Crescent Point Energy Corp. Common Shares Munroe, Barbara Elaine 4 01/10/2017 57 2,062 1,440

Crescent Point Energy Corp. Common Shares Munroe, Barbara Elaine 4 01/10/2017 97 1,370 -692

Crescent Point Energy Corp. Deferred Share Units Munroe, Barbara Elaine 4 01/10/2017 56 14,805 9,451

Crescent Point Energy Corp. Restricted Share Units Munroe, Barbara Elaine 4 01/10/2017 57 10,297 -1,440

Crescent Point Energy Corp. Common Shares ROMANZIN, GERALD A. 4 01/10/2017 57 2,476 2,476

Crescent Point Energy Corp. Common Shares ROMANZIN, GERALD A. 4 01/10/2017 97 1,286 -1,190

Crescent Point Energy Corp. Deferred Share Units ROMANZIN, GERALD A. 4 01/10/2017 56 39,543 5,743

Crescent Point Energy Corp. Restricted Share Units ROMANZIN, GERALD A. 4 01/10/2017 56 12,829 1,525

Crescent Point Energy Corp. Restricted Share Units ROMANZIN, GERALD A. 4 01/10/2017 57 10,353 -2,476

Crescent Point Energy Corp. Common Shares Smith, Clifford Neil 5 01/10/2017 57 389,833 7,592

Crescent Point Energy Corp. Common Shares Smith, Clifford Neil 5 01/10/2017 97 386,188 -3,645

Crescent Point Energy Corp. Restricted Share Units Smith, Clifford Neil 5 01/10/2017 57 70,016 -7,592

Crown Capital Partners Inc. Common Shares Crown Capital Partners Inc. 1 29/09/2017 10 9.82 5,900 5,900

Crown Capital Partners Inc. Common Shares Crown Capital Partners Inc. 1 03/10/2017 38 0 -5,900

CT Real Estate Investment Trust

Deferred Units Hollister, Brenton Vaughn 4 30/09/2017 56 13.785 8,117 453


Deferred Units Laidley, David Howard 4 30/09/2017 56 13.785 38,665 1,977


Deferred Units Martini, Anna 4 30/09/2017 56 13.785 28,224 1,523


Deferred Units O'Bryan, John Charles 4 30/09/2017 56 13.785 20,050 1,433

Currency Exchange International, Corp.

Common Shares Bhavsar, Chirag Jashvantlal 4 27/09/2017 51 7.5 10,200 2,000

Currency Exchange International, Corp.

Options Bhavsar, Chirag Jashvantlal 4 27/09/2017 51 7.5 11,687 -2,000

CWC Energy Services Corp. Common Shares CWC Energy Services Corp.

1 29/09/2017 38 0 -1,441,500


1 03/10/2017 10 0.2 4,000


1 03/10/2017 10 0.2 4,000


1 03/10/2017 10 0.2 4,000 4,000

Delphi Energy Corp. Common Shares Batteke, Hugo 5 30/09/2017 30 1.17 424,826 5,006

Delphi Energy Corp. Common Shares BEHR, John 5 30/09/2017 30 1.17 117,998 4,479

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8329



Acquired/ Disposed

Delphi Energy Corp. Common Shares Behrman, Mark Dwayne 5 30/09/2017 30 1.17 29,449 5,826

Delphi Energy Corp. Common Shares Galvin, Michael 5 30/09/2017 30 1.17 138,069 5,245

Delphi Energy Corp. Common Shares Hume, Rod Allan 5 30/09/2017 30 1.17 387,396 5,826

Delphi Energy Corp. Common Shares Reid, David James 4, 5 30/09/2017 30 1.17 924,526 7,283

Diagnos Inc. Common Shares Coffin, Tristram 4 02/10/2017 10 0.11 460,500 10,000

Difference Capital Financial Inc.

Common Shares Difference Capital Financial Inc.

1 28/09/2017 38 3.42 35,620 4,900

Diversified Royalty Corp. Common Shares Haber, Lawrence P. 4, 5 29/06/2011 00

Diversified Royalty Corp. Common Shares Haber, Lawrence P. 4, 5 06/02/2017 90 220,100 220,100

Diversified Royalty Corp. Common Shares Haber, Lawrence P. 4, 5 29/05/2017 90 240,227 20,127

Diversified Royalty Corp. Common Shares Haber, Lawrence P. 4, 5 06/02/2017 90 0 -220,100

Diversified Royalty Corp. Common Shares Haber, Lawrence P. 4, 5 29/05/2017 90 0 -20,127

DNI Metals Inc. Common Shares Carter, John 4 29/08/2017 00 675,000

DNI Metals Inc. Common Shares Carter, John 4 28/09/2017 10 0.08 575,000 -100,000

DNI Metals Inc. Common Shares Carter, John 4 28/09/2017 10 0.081 11,000 -564,000

DNI Metals Inc. Common Shares Carter, John 4 28/09/2017 10 0.08 682,000 671,000

DNI Metals Inc. Common Shares Carter, John 4 28/09/2017 16 0.16 1,353,000 671,000

DNI Metals Inc. Common Shares Carter, John 4 29/09/2017 50 0.16 300,000

DNI Metals Inc. Common Shares Carter, John 4 29/09/2017 50 0.16 300,000

Dollarama Inc. Common Shares Dollarama Inc. 1 13/09/2017 38 135.87 8,000 8,000




Dollarama Inc. Common Shares Dollarama Inc. 1 20/09/2017 38 137 34,200 6,400



Dollarama Inc. Common Shares Dollarama Inc. 1 25/09/2017 38 136.92 44,800 800

Dollarama Inc. Common Shares Dollarama Inc. 1 25/09/2017 38 132 194,800 150,000





Dollarama Inc. Common Shares Dollarama Inc. 1 29/09/2017 38 0 -231,000

Dolly Varden Silver Corporation

Common Shares Hecla Mining Company 3 03/10/2017 11 0.55 5,557,626 79,539

Dorel Industries Inc. Rights Deferred Share Units

Benedetti, Alain 4 18/08/2017 35 30.9 32,106 388

Dorel Industries Inc. Performance Share Units Braunstein, Norman 5 18/08/2017 35 30.73 109

Dorel Industries Inc. Performance Share Units Braunstein, Norman 5 18/08/2017 35 30.73 8,987 109

Dorel Industries Inc. Performance Share Units Braunstein, Norman 5 29/09/2017 97 2,291

Dorel Industries Inc. Performance Share Units Braunstein, Norman 5 29/09/2017 97 11,278 2,291

Dorel Industries Inc. RESTRICTED SHARE UNIT

Braunstein, Norman 5 18/08/2017 35 30.73 1,544 18

Dorel Industries Inc. Rights Executive Deferred Share Units

Braunstein, Norman 5 18/08/2017 35 30.86 11,932 144


Cohen, Dian 4 18/08/2017 35 30.9 27,365 330


Cohen, Dian 4 29/09/2017 56 29.72 27,661 296


CORMIER, MICHELLE ANN

4 18/08/2017 35 30.9 4,663 56



4 29/09/2017 56 29.72 5,350 687


Duchesne, Rupert 4 18/08/2017 35 30.9 27,131 327


Duchesne, Rupert 4 29/09/2017 56 29.72 28,275 1,144

Dorel Industries Inc. Performance Share Units Rana, Franco 5 18/08/2017 35 30.73 188

Dorel Industries Inc. Performance Share Units Rana, Franco 5 18/08/2017 35 30.73 188

Dorel Industries Inc. Performance Share Units Rana, Franco 5 18/08/2017 35 30.73 15,465 188

Dorel Industries Inc. Performance Share Units Rana, Franco 5 29/09/2017 97 -1,241

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8330



Acquired/ Disposed

Dorel Industries Inc. Performance Share Units Rana, Franco 5 29/09/2017 97 14,224 -1,241


Rana, Franco 5 18/08/2017 35 30.73 2,514 31


Rana, Franco 5 18/08/2017 35 30.86 10,644 129

Dorel Industries Inc. Performance Share Units Schwartz, Alan 3, 4, 5 18/08/2017 35 30.73 360

Dorel Industries Inc. Performance Share Units Schwartz, Alan 3, 4, 5 18/08/2017 35 30.73 29,657 360

Dorel Industries Inc. Performance Share Units Schwartz, Alan 3, 4, 5 29/09/2017 97 -2,380

Dorel Industries Inc. Performance Share Units Schwartz, Alan 3, 4, 5 29/09/2017 97 27,277 -2,380


Schwartz, Alan 3, 4, 5 18/08/2017 35 30.73 4,820 58


Schwartz, Alan 3, 4, 5 18/08/2017 35 30.86 3,249 39

Dorel Industries Inc. Performance Share Units Schwartz, Jeffrey 3, 4, 5 18/08/2017 35 30.73 360

Dorel Industries Inc. Performance Share Units Schwartz, Jeffrey 3, 4, 5 18/08/2017 35 30.73 29,657 360

Dorel Industries Inc. Performance Share Units Schwartz, Jeffrey 3, 4, 5 29/09/2017 97 -2,380

Dorel Industries Inc. Performance Share Units Schwartz, Jeffrey 3, 4, 5 29/09/2017 97 27,277 -2,380


Schwartz, Jeffrey 3, 4, 5 18/08/2017 35 30.73 4,820 58


Schwartz, Jeffrey 3, 4, 5 18/08/2017 35 30.86 17,629 213

Dorel Industries Inc. Performance Share Units Schwartz, Martin 3, 4, 5 18/08/2017 35 30.73 360

Dorel Industries Inc. Performance Share Units Schwartz, Martin 3, 4, 5 18/08/2017 35 30.73 360

Dorel Industries Inc. Performance Share Units Schwartz, Martin 3, 4, 5 18/08/2017 35 30.73 29,657 360

Dorel Industries Inc. Performance Share Units Schwartz, Martin 3, 4, 5 29/09/2017 97 -2,380

Dorel Industries Inc. Performance Share Units Schwartz, Martin 3, 4, 5 29/09/2017 97 27,277 -2,380


Schwartz, Martin 3, 4, 5 18/08/2017 35 30.73 4,820 58

Dorel Industries Inc. Performance Share Units Segel, Jeffrey 3, 4, 5 18/08/2017 35 30.73 360

Dorel Industries Inc. Performance Share Units Segel, Jeffrey 3, 4, 5 18/08/2017 35 30.73 29,657 360

Dorel Industries Inc. Performance Share Units Segel, Jeffrey 3, 4, 5 29/09/2017 97 -2,380

Dorel Industries Inc. Performance Share Units Segel, Jeffrey 3, 4, 5 29/09/2017 97 -2,380

Dorel Industries Inc. Performance Share Units Segel, Jeffrey 3, 4, 5 29/09/2017 97 27,277 -2,380


Segel, Jeffrey 3, 4, 5 18/08/2017 35 30.73 4,820 58


Segel, Jeffrey 3, 4, 5 18/08/2017 35 30.86 13,893 168


Tousson, Maurice 4 18/08/2017 35 30.9 40,492 488

Dorel Industries Inc. Performance Share Units Woods, Peter 5 18/08/2017 35 30.73 117

Dorel Industries Inc. Performance Share Units Woods, Peter 5 18/08/2017 35 30.73 9,626 117

Dorel Industries Inc. Performance Share Units Woods, Peter 5 29/09/2017 97 -6,279

Dorel Industries Inc. Performance Share Units Woods, Peter 5 29/09/2017 97 3,347 -6,279


Woods, Peter 5 18/08/2017 35 30.73 2,042 25


Woods, Peter 5 18/08/2017 35 30.86 9,567 116


Woods, Peter 5 18/08/2017 97 9,211 -356

Dorel Industries Inc. Performance Share Units Wyse, Edward 5 18/08/2017 35 30.73 62

Dorel Industries Inc. Performance Share Units Wyse, Edward 5 18/08/2017 35 30.73 5,123 62

Dorel Industries Inc. Performance Share Units Wyse, Edward 5 29/09/2017 97 -421

Dorel Industries Inc. Performance Share Units Wyse, Edward 5 29/09/2017 97 4,702 -421


Wyse, Edward 5 18/08/2017 35 30.73 784 9


Wyse, Edward 5 18/08/2017 35 30.86 4,199 50

Dream Global Real Estate Investment Trust

Rights Deferred Trust Units

Bhatia, Rajan Sacha 4 30/09/2017 56 11.09 17,845 631



BIERBAUM, DETLEF 4 30/09/2017 56 11.09 72,887 2,254



Jackman, Duncan Newton Rowell

4 30/09/2017 56 11.09 72,155 1,014

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8331



Acquired/ Disposed



Koss, Johann Olav 4 30/09/2017 56 11.09 37,042 563



Sullivan, John 4 30/09/2017 56 11.09 57,663 563

Dream Hard Asset Alternatives Trust

Deferred Trust Units Bhalla, Amar 4 30/09/2017 56 6.04 9,633 2,276


Deferred Trust Units Eaton, James George 4 30/09/2017 56 6.04 58,813 3,311


Deferred Trust Units Ferstman, Joanne Shari 7 30/09/2017 56 6.04 53,168 1,862

Dream Industrial Real Estate Investment Trust

Deferred Trust Units Mulroney, Benedict Martin Paul

4 30/09/2017 56 9.15 50,250 820


Deferred Trust Units Schiff, Vicky Lee 4 30/09/2017 56 9.15 7,154 683


Deferred Trust Units Segal, Leerom 4 30/09/2017 56 9.15 58,336 683


Deferred Trust Units Sera, Maria Vincenza 4, 7 30/09/2017 56 9.15 99,569 2,185


Deferred Trust Units Wiseman, Sheldon 4 30/09/2017 56 9.15 47,081 1,229

Dream Office Real Estate Investment Trust

Rights deferred trust units BIERBAUM, DETLEF 4 30/09/2017 56 21.15 23,091 709


Rights deferred trust units Charter, Donald Kinloch 4, 6 30/09/2017 56 21.15 48,475 957


Trust Units Series A Cooper, Michael 4, 7, 5 29/09/2017 10 20.994 2,324,447 133,200


Trust Units Series A Cooper, Michael 4, 7, 5 06/10/2017 10 21 2,356,747 32,300


Trust Units Series A Dream Asset Management Corporation

5 29/09/2017 10 20.994 2,324,447 133,200


Trust Units Series A Dream Asset Management Corporation

5 06/10/2017 10 21 2,356,747 32,300


Trust Units Series A Dream Office Real Estate Investment Trust

1 13/09/2017 38 20.648 54,249 54,249



1 13/09/2017 38 0 -54,249



1 14/09/2017 38 20.791 54,249 54,249



1 14/09/2017 38 0 -54,249



1 18/09/2017 38 21.08 54,249 54,249



1 18/09/2017 38 0 -54,249



1 20/09/2017 38 21.327 54,249 54,249



1 20/09/2017 38 0 -54,249



1 21/09/2017 38 21.259 921,287 921,287



1 21/09/2017 38 0 -921,287



1 25/09/2017 38 21.392 54,249 54,249



1 25/09/2017 38 0 -54,249



1 26/09/2017 38 21.233 54,249 54,249



1 26/09/2017 38 0 -54,249


Rights deferred trust units Ferstman, Joanne Shari 4 30/09/2017 56 21.15 58,161 827


Rights deferred trust units GOODALL, ROBERT 4 30/09/2017 56 21.15 56,145 709


Rights deferred trust units Koss, Johann Olav 4 30/09/2017 56 21.15 3,999 591

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8332



Acquired/ Disposed


Rights deferred trust units Leitch, Kellie 4 30/09/2017 56 21.15 13,964 591


Rights deferred trust units MacIndoe, Karine 4 30/09/2017 56 21.15 16,796 898

DREAM Unlimited Corp. Deferred Share Units Ferstman, Joanne Shari 4 30/09/2017 56 7.24 51,283 5,004

DREAM Unlimited Corp. Deferred Share Units Gateman, Richard N. 4, 7 30/09/2017 56 7.24 39,267 1,381

DREAM Unlimited Corp. Deferred Share Units Jackman, Duncan Newton Rowell

4 30/09/2017 56 7.24 7,881 1,208

DREAM Unlimited Corp. Deferred Share Units Koss, Jennifer 4 30/09/2017 56 7.24 36,599 1,381

DREAM Unlimited Corp. Deferred Share Units Sera, Maria Vincenza 4, 7 30/09/2017 56 7.24 41,547 1,553

Drone Delivery Canada Corp. (formerly Asher Resources Corporation)

Options Buzbuzian, Richard 3, 4, 5 03/10/2017 50 1,001,250 225,000


Options Colacitti, Gregory 5 03/10/2017 50 875,000 225,000


Options DI BENEDETTO, PAUL 5 03/10/2017 50 875,000 225,000


Options Di Benedetto, Tony 4, 5 03/10/2017 50 875,000 225,000

Dundee Precious Metals Inc. Rights Deferred Share Units

Gillin, Robert Peter Charles 4 29/09/2017 56 2.7 189,342 10,735


Goodman, Jonathan Carter 4 29/09/2017 56 2.7 505,200 7,573


Kinsman, Jeremy 4 29/09/2017 56 2.7 85,041 4,576


Montalvo, Juanita 4 29/09/2017 56 2.7 30,736 10,734


Nixon, Peter 4 29/09/2017 56 2.7 105,947 5,808


Tawil, Marie-Anne 4 29/09/2017 56 2.7 84,557 10,735


Walsh, Anthony P. 3 29/09/2017 56 2.7 119,001 7,655


Young, Donald Walter 4 29/09/2017 56 2.7 74,450 4,576

Dynex Power Inc. Common Shares Vacher, Clive Graham 4, 5 28/09/2017 10 0.12 1,282,500 500

Dynex Power Inc. Common Shares Vacher, Clive Graham 4, 5 28/09/2017 10 0.125 1,302,500 20,000

Dynex Power Inc. Common Shares Vacher, Clive Graham 4, 5 29/09/2017 10 0.125 1,307,500 5,000

Echelon Financial Holdings Inc.

Deferred Share Units Falle, James Bernard 4 09/05/2017 00


Deferred Share Units Falle, James Bernard 4 04/10/2017 56 896 896


Deferred Share Units Thomson, David Alexander 4 09/05/2017 00


Deferred Share Units Thomson, David Alexander 4 04/10/2017 56 708 708


Deferred Share Units Wallace, Murray 4 04/10/2017 56 2,398 2,264

ECN Capital Corp. Common Shares WIMSATT, JOHN 5 29/09/2017 10 3.99 399,000 124,000

eCobalt Solutions Inc. (formerly Formation Metals Inc.)

Common Shares Varley, Floyd D. 5 07/07/2017 00 2,790


Common Shares Varley, Floyd D. 5 29/09/2017 10 1.15 17,790 15,000


Options Stock Option Plan Varley, Floyd D. 5 07/07/2017 00


Options Stock Option Plan Varley, Floyd D. 5 02/10/2017 50 1.17 93,750


Options Stock Option Plan Varley, Floyd D. 5 02/10/2017 50 1.17 375,000 375,000

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8333



Acquired/ Disposed

Eguana Technologies Inc. Common Shares DHCT II Luxembourg S.a.r.l. 3 28/09/2017 16 0.2 1,250,000

Eguana Technologies Inc. Common Shares DHCT II Luxembourg S.a.r.l. 3 28/09/2017 16 0.2 1,250,000

Eguana Technologies Inc. Common Shares DHCT II Luxembourg S.a.r.l. 3 28/09/2017 16 0.2 58,018,920 1,250,000

Eguana Technologies Inc. Warrants DHCT II Luxembourg S.a.r.l. 3 28/09/2017 16 625,000



Eguana Technologies Inc. Warrants DHCT II Luxembourg S.a.r.l. 3 28/09/2017 16 1,875,000 625,000

Elcora Advanced Materials Corp.

Common Shares Choquette, Denis 4 03/10/2017 10 0.17 102,000 2,000

Element Fleet Management Corp. (formerly Element Financial Corporation)

Common Shares Element Fleet Management Corp.

1 06/09/2017 38 8.9406 517,700 517,700



1 06/09/2017 38 0 -517,700



1 07/09/2017 38 8.9406 466,100 466,100



1 07/09/2017 38 0 -466,100



1 08/09/2017 38 8.9406 517,700 517,700



1 08/09/2017 38 0 -517,700



1 11/09/2017 38 8.9406 432,600 432,600



1 11/09/2017 38 0 -432,600



1 12/09/2017 38 8.9406 3,200 3,200



1 12/09/2017 38 0 -3,200



1 13/09/2017 38 8.9406 308,700 308,700



1 13/09/2017 38 0 -308,700



1 14/09/2017 38 8.9406 1,900 1,900



1 14/09/2017 38 0 -1,900



1 15/09/2017 38 8.9406 29,700 29,700



1 15/09/2017 38 0 -29,700



1 18/09/2017 38 8.9406 416,500 416,500



1 18/09/2017 38 0 -416,500



1 19/09/2017 38 8.9406 271,700 271,700



1 19/09/2017 38 0 -271,700

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8334



Acquired/ Disposed



1 20/09/2017 38 8.9406 189,200 189,200



1 20/09/2017 38 0 -189,200



1 21/09/2017 38 8.9406 2,300 2,300



1 21/09/2017 38 0 -2,300

Emera Incorporated Common Shares Bragg, James Lee 4 03/05/2010 00

Emera Incorporated Common Shares Bragg, James Lee 4 04/10/2017 10 47.6 8,200 8,200



Emera Incorporated Common Shares Bragg, James Lee 4 04/10/2017 10 47.585 12,950 100



Emera Incorporated Common Shares Bragg, James Lee 4 04/10/2017 10 47.565 15,750 100

Emera Incorporated DSU Bragg, James Lee 4 30/09/2017 56 12,043 236

Emera Incorporated DSU Bragg, James Lee 4 30/09/2017 30 12,174 131

Emera Incorporated DSU Chrominska, Sylvia Dolores 4 30/09/2017 56 25,731 1,091

Emera Incorporated DSU Chrominska, Sylvia Dolores 4 30/09/2017 30 26,003 272

Emera Incorporated DSU Demone, Henry 4 30/09/2017 56 12,351 1,154

Emera Incorporated DSU Demone, Henry 4 30/09/2017 30 12,475 124

Emera Incorporated DSU Edgeworth, Allan Leslie 4 30/09/2017 56 47,702 1,271

Emera Incorporated DSU Edgeworth, Allan Leslie 4 30/09/2017 30 48,215 513

Emera Incorporated DSU Eisenhauer, James Daniel 4 30/09/2017 56 41,647 1,187

Emera Incorporated DSU Eisenhauer, James Daniel 4 30/09/2017 30 42,095 448

Emera Incorporated DSU Greer, Sandra 7 30/09/2017 30 6,428 70

Emera Incorporated DSU Greer, Sandra 7 30/09/2017 56 6,900 472

Emera Incorporated DSU Iorio, Pam 7 30/09/2017 56 984 570

Emera Incorporated DSU Iorio, Pam 7 30/09/2017 30 989 5

Emera Incorporated DSU Ivany, Raymond Edmund 7 30/09/2017 56 17,479 511

Emera Incorporated DSU Ivany, Raymond Edmund 7 30/09/2017 30 17,666 187

Emera Incorporated DSU Law, Rhea 7 30/09/2017 56 984 570

Emera Incorporated DSU Law, Rhea 7 30/09/2017 30 989 5

Emera Incorporated DSU Loewen, Lynn 4 30/09/2017 56 19,446 1,232

Emera Incorporated DSU Loewen, Lynn 4 30/09/2017 30 19,647 201

Emera Incorporated DSU McLennan, John T. 7 30/09/2017 56 81,386 1,138

Emera Incorporated DSU McLennan, John T. 7 30/09/2017 30 82,273 887

Emera Incorporated Common Shares Muldoon, Daniel 5 04/10/2017 51 21.58 11,277 8,200

Emera Incorporated Common Shares Muldoon, Daniel 5 04/10/2017 51 21.99 19,777 8,500

Emera Incorporated Common Shares Muldoon, Daniel 5 04/10/2017 10 47.334 3,077 -16,700

Emera Incorporated Options Muldoon, Daniel 5 04/10/2017 51 107,800 -8,200

Emera Incorporated Options Muldoon, Daniel 5 04/10/2017 51 99,300 -8,500

Emera Incorporated Common Shares O'Connor, Wayne David 5 04/10/2017 10 47.36 4,223 -2,121

Emera Incorporated DSU Pether, Donald Allison 4 30/09/2017 56 38,616 1,251

Emera Incorporated DSU Pether, Donald Allison 4 30/09/2017 30 39,029 413

Emera Incorporated DSU Ramil, John 4 30/09/2017 56 5,373 1,328

Emera Incorporated DSU Ramil, John 4 30/09/2017 30 5,418 45

Emera Incorporated DSU Rosen, Andrea Sarah 4 30/09/2017 56 48,799 1,252

Emera Incorporated DSU Rosen, Andrea Sarah 4 30/09/2017 30 49,324 525

Emera Incorporated DSU Rounding, Marie Catherine 7 30/09/2017 56 19,589 153

Emera Incorporated DSU Rounding, Marie Catherine 7 30/09/2017 30 19,804 215

Emera Incorporated DSU Sergel, Richard 4 30/09/2017 56 12,535 694

Emera Incorporated DSU Sergel, Richard 4 30/09/2017 30 12,666 131

Emera Incorporated DSU SHEPPARD, Mary Jacqueline

4 30/09/2017 56 51,166 2,221

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8335



Acquired/ Disposed

Emera Incorporated DSU SHEPPARD, Mary Jacqueline

4 30/09/2017 30 51,707 541

Emera Incorporated Common Shares Tower, Nancy Gail 5 27/09/2017 51 21.58 35,149 9,400

Emera Incorporated Options Tower, Nancy Gail 5 27/09/2017 51 248,900 -9,400

Enbridge Inc. Common Shares Gruending, Colin Kenneth 5 02/10/2017 51 24000 24,000

Enbridge Inc. Common Shares Gruending, Colin Kenneth 5 02/10/2017 51 20.21 35,840 24,000

Enbridge Inc. Common Shares Gruending, Colin Kenneth 5 02/10/2017 10 52.22 11,840 -24,000

Enbridge Inc. Options $20.21 ($40.42) - February 19, 2018 Expiry

Gruending, Colin Kenneth 5 02/10/2017 51 20.21 26,000 -24,000

Enbridge Inc. Common Shares Yu, Vernon Dai-Chung 5 02/10/2017 51 20.21 33,930 13,179

Enbridge Inc. Common Shares Yu, Vernon Dai-Chung 5 02/10/2017 10 52.07 20,751 -13,179

Enbridge Inc. Common Shares Yu, Vernon Dai-Chung 5 02/10/2017 51 20.21 30,972 10,221

Enbridge Inc. Options $20.21 ($40.42) - February 19, 2018 Expiry

Yu, Vernon Dai-Chung 5 02/10/2017 51 20.21 46,800 -23,400

Encana Corporation Shareholder Appreciation Rights

Kimmitt, Russell Paul 7 04/10/2017 59 4.06 101,442 -5,169

Endeavour Mining Corporation

Deferred Share Units (Cash payment on Redemption)

Askew, James 4 20/07/2017 00



Askew, James 4 03/10/2017 56 20 2,125 2,125



Beckett, Michael E. 4, 5 03/10/2017 56 20.004 64,138 1,750


Options Carroll, Morgan Denis 5 29/09/2017 59 22.6 58,187 -9,845


Options Carroll, Morgan Denis 5 04/10/2017 59 10.94 48,847 -9,340



Cockerill, Ian 4 03/10/2017 56 20 31,410 1,500



Colom, Olivier Romain Michel

4 03/10/2017 56 20 4,877 1,250


Common Shares LA MANCHA HOLDING S.A.R.L.

3 27/11/2015 00



3 27/11/2015 00



3 29/09/2017 11 22.58 30,493,201 1,666,897



Mahler, Livia 4 03/10/2017 56 20 2,556 850



McManus, Wayne W. 4 03/10/2017 56 20 41,139 1,150

Enercare Inc. (formerly The Consumers' Waterheater Income Fund)

Deferred Share Units Pantelidis, James 4 30/09/2017 56 170,505 1,686


Deferred Share Units Pearce, Roy 4 30/09/2017 56 750


Deferred Share Units Pearce, Roy 4 30/09/2017 56 69,508 751

Enerflex Ltd. Common Shares Boswell, Robert Stephen 4 29/09/2017 30 14.981 37,299 465

Enerflex Ltd. Rights Deferred Share Units (cash settled)

Boswell, Robert Stephen 4 30/09/2017 46 18.7 15,097 468


Cormier Jackson, Maureen Ellen

4 30/09/2017 46 18.7 1,889 936


Dunn, William Byron 4 30/09/2017 46 18.7 61,654 2,072


Marshall, H. Stanley 4 30/09/2017 46 18.7 62,238 2,096


Reinhart, Kevin Jerome 4 30/09/2017 46 18.7 1,889 936

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8336



Acquired/ Disposed


Savidant, Stephen James 4 30/09/2017 46 18.7 107,336 3,262


Weill, Michael 4 30/09/2017 46 18.7 34,166 936


WESLEY, HELEN JUNE 4 30/09/2017 46 18.7 40,583 1,858

Ensign Energy Services Inc. Rights Deferred Share Units (Common Shares)

Howe, James Brian 4 29/09/2017 56 7.2179 3,314 1,108


Howe, James Brian 4 05/10/2017 30 6.8773 3,352 38


Kangas, Leonard 4 29/09/2017 56 7.2179 41,176 1,108


Kangas, Leonard 4 05/10/2017 30 6.8773 41,875 699


Moomjian, Jr., Cary A. 4 29/09/2017 56 7.2179 31,558 2,771


Moomjian, Jr., Cary A. 4 05/10/2017 30 6.8773 32,060 502


Schroeder, John G. 4 29/09/2017 56 7.2179 56,904 2,771


Schroeder, John G. 4 05/10/2017 30 6.8773 57,849 945

Ensign Energy Services Inc. Common Shares Skirka, Kenneth John 4 29/09/2017 46 7.2175 65,980 2,768


Surkan, Gail Donelda 4 29/09/2017 56 7.2179 13,417 2,771


Surkan, Gail Donelda 4 05/10/2017 30 6.8773 13,603 186

Ensign Energy Services Inc. Common Shares Whitham, Barth Edward 4 29/09/2017 46 7.2175 62,670 2,768

Enterprise Group, Inc. Common Shares JAROSZUK, LEONARD 4, 5 04/10/2017 10 0.32 3,629,777 11,500

Enterprise Group, Inc. Common Shares JAROSZUK, LEONARD 4, 5 05/10/2017 10 0.33 3,643,777 14,000

Epsilon Energy Ltd. Common Shares AZVALOR ASSET MANAGEMENT SGIIC

3 04/10/2017 10 5,106,634 1,600

Equitable Group Inc. Common Shares Leland, Brian 7 29/09/2017 51 56.1 1,000

Equitable Group Inc. Common Shares Leland, Brian 7 29/09/2017 51 29.32 1,265 1,000

Equitable Group Inc. Common Shares Leland, Brian 7 29/09/2017 10 56.1 265 -1,000

Equitable Group Inc. Options Options granted Leland, Brian 7 29/09/2017 51 56.1 -1,000

Equitable Group Inc. Options Options granted Leland, Brian 7 29/09/2017 51 29.32 9,386 -1,000

Equitable Group Inc. Common Shares Wilson, Timothy James 5 02/10/2017 51 29.32 2,504 500

Equitable Group Inc. Common Shares Wilson, Timothy James 5 02/10/2017 10 56.94 2,004 -500

Equitable Group Inc. Common Shares Wilson, Timothy James 5 04/10/2017 51 29.32 3,004 1,000

Equitable Group Inc. Common Shares Wilson, Timothy James 5 04/10/2017 10 56.02 2,004 -1,000

Equitable Group Inc. Options Options granted Wilson, Timothy James 5 02/10/2017 51 29.32 72,777 -500

Equitable Group Inc. Options Options granted Wilson, Timothy James 5 04/10/2017 51 29.32 71,777 -1,000

Erdene Resource Development Corporation


Akerley, Peter 4, 5 30/09/2017 56 0.72 788,486 5,000



Biolik, Anna 4 30/09/2017 56 0.72 25,123 4,167



BURTON, WILLIAM B. 4 30/09/2017 56 0.72 281,189 4,167



Byrne, John Philip 4 30/09/2017 56 0.72 281,189 4,167



Cowan, John Christopher 4 30/09/2017 56 0.72 520,442 3,472



Croft, Thomas Layton 4 30/09/2017 56 0.72 91,600 4,167



MacDonald, Kenneth 4 30/09/2017 56 0.72 415,031 3,966



Mosher, David Vaughn 4 30/09/2017 46 0.72 25,123 4,167



Webster, Philip L. 4 30/09/2017 56 0.72 281,189 4,167

Espial Group Inc. Common Shares Espial Group Inc 1 01/09/2017 38 2.1 124,200 800

Espial Group Inc. Common Shares Espial Group Inc 1 01/09/2017 38 2.12 128,200 4,000


Insider Reporting

October 12, 2017

(2017), 40 OSCB 8337



Acquired/ Disposed







Espial Group Inc. Common Shares Espial Group Inc 1 11/09/2017 38 2 12,700 400



Espial Group Inc. Common Shares Espial Group Inc 1 12/09/2017 38 2 13,500 300

















Espial Group Inc. Common Shares Espial Group Inc 1 29/09/2017 38 0 -105,000

Esrey Energy Ltd Common Shares Lee, Horng Dih 5 05/10/2017 00 52,917

Esrey Energy Ltd Common Shares Lee, Horng Dih 5 05/10/2017 00 40,590

Esrey Energy Ltd Options Lee, Horng Dih 5 05/10/2017 00 573,000

Esrey Energy Ltd Common Shares Marcet, Pablo 4 05/10/2017 00 6,332

Esrey Energy Ltd Options Marcet, Pablo 4 05/10/2017 00

Esrey Energy Ltd Options Marcet, Pablo 4 05/10/2017 50 0.15 555,000 555,000

Euromax Resources Ltd. Deferred Phantom Units (DPUs)

Konig, Martyn 4, 5 30/09/2017 46 1,657,203 75,854


Matkaluk, Randal John 4 03/10/2017 46 1,111,452 50,570


Morgan-Wynne, Timothy 4 30/09/2017 46 1,095,061 50,570


Threlkeld, Raymond Wesley 4 03/10/2017 46 229,608 50,570

European Dividend Growth Fund

Units European Dividend Growth Fund

1 11/09/2017 38 9.55 2,000 2,000



1 11/09/2017 38 9.55 0 -2,000



1 14/09/2017 38 9.66 1,600 1,600



1 14/09/2017 38 9.66 0 -1,600



1 25/09/2017 38 9.67 2,800 2,800



1 25/09/2017 38 9.67 0 -2,800



1 26/09/2017 38 9.61 3,000 3,000



1 26/09/2017 38 9.61 0 -3,000

Evrim Resources Corp. Common Shares Liyanage, Mahesh Nalinda 5 04/10/2017 10 0.25 125,000 8,000

Excellon Resources Inc. Deferred Share Units Curtis, Laurence Wilson 4 04/10/2017 56 2.03 108,119 6,466

Excellon Resources Inc. Deferred Share Units Dimitrov, Daniella Elena 4 04/10/2017 56 113,764 8,128

Excellon Resources Inc. Deferred Share Units Fernandez Mena, Oliver 4 04/10/2017 56 2.03 289,492 5,665

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8338



Acquired/ Disposed

Excellon Resources Inc. Deferred Share Units Fortier, André Y. 4 04/10/2017 56 2.03 440,533 4,618

Excellon Resources Inc. Common Shares Sprott, Eric S. 3 27/09/2017 10 1.983 4,464,996 136,200




Exchange Income Corporation

Common Shares Exchange Income Corporation

1 29/09/2017 38 34.933 16,500 5,000

Exco Technologies Limited Common Shares Schroers, William Peter 5 29/09/2017 10 9.76 78,400 -1,600

EXPLOR RESOURCES INC. Common Shares Dupont, Chris 4, 5 29/09/2017 10 0.065 2,043,697 58,000

Explorex Resources Inc. Common Shares BELLA, JEROME , MICHAEL

4 04/10/2017 10 0.22 10,000 -60,000

Explorex Resources Inc. Common Shares Schellenberg, Gary David Albert

4 05/10/2017 10 0.22 96,167 -15,500


4 04/10/2017 10 0.22 102,000 -82,000


4 04/10/2017 10 0.2 127,500 25,500


4 05/10/2017 10 0.22 125,000 -2,500

Extendicare Inc. Common Shares Extendicare Inc. 1 05/09/2017 38 9.249 81,500 11,500

Extendicare Inc. Common Shares Extendicare Inc. 1 29/09/2017 38 0 -81,500

Feronia Inc. Common Shares Straight KKM 2 Limited 3 25/09/2017 00

Fiera Capital Corporation (formerly Fiera Sceptre Inc.)

Special Shares Class B Voting

FIERA CAPITAL S.E.C. 3 02/10/2017 36 19,444,490 -304,013


Subordinate Voting Shares Class A

FIERA CAPITAL S.E.C. 3 02/10/2017 36 703,384 304,013



FIERA CAPITAL S.E.C. 3 06/10/2017 10 14.59 695,390 -7,994



FIERA CAPITAL S.E.C. 3 06/10/2017 10 14.6 690,989 -4,401

Finning International Inc. Common Shares Cummings, David William 5 29/09/2017 10 28.5 28,673 9,500

First Quantum Minerals Ltd Units Deferred Share Adams, Andrew Bell 4 02/10/2017 46 18,253 1,015

First Quantum Minerals Ltd Common Shares Brunner, Paul 4 29/09/2017 30 11.237 78,554 1,055

First Quantum Minerals Ltd Units Deferred Share Harding, Robert J 4 02/10/2017 30 13.831 16,831 1,014

First Quantum Minerals Ltd Common Shares Hogenson, Kathleen Applegate

4 29/09/2017 30 13.93 6,830 3,336


4 29/09/2017 30 13.92 8,581 1,751


4 29/09/2017 30 13.91 8,640 59

First Quantum Minerals Ltd Units Deferred Share Schady, Martin Guillaume Reitz

4 02/10/2017 30 13.831 48,048 1,014

First Quantum Minerals Ltd Common Shares St. George, Peter 4 29/09/2017 30 13.93 497,064 664



Five Star Diamonds Limited Common Shares Waraich, Aneel Singh 4 04/10/2017 10 0.265 2,008,599 30,000

Flaherty & Crumrine Investment Grade Fixed Income Fund

Trust Units Flaherty & Crumrine Investment Grade Fixed Income Fund

1 07/09/2017 38 13.05 3,000 3,000



1 07/09/2017 38 13.05 0 -3,000



1 08/09/2017 38 13.07 2,900 2,900



1 08/09/2017 38 13.07 0 -2,900



1 25/09/2017 38 13.11 2,200 2,200



1 25/09/2017 38 13.11 0 -2,200

Foraco International SA Common Shares Foraco International SA 1 01/09/2017 38 0.38 341,823 1,639

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8339



Acquired/ Disposed













Fortuna Silver Mines Inc. Common Shares Ganoza Durant, Jorge A. 4 02/10/2017 10 4.5096 157,800 131,800

Franco-Nevada Corporation Common Shares Harquail, David 4, 5 29/09/2017 90 150,000 50,000

Franco-Nevada Corporation Common Shares Harquail, David 4, 5 29/09/2017 90 977,209 -50,000

Frankly Inc. (formerly WB III Acquisition Corp.)

Common Shares Hyun, Choong Sik 4 02/10/2017 36 882 882

Frankly Inc. (formerly WB III Acquisition Corp.)

Rights RSU Plan Hyun, Choong Sik 4 02/10/2017 36 882 -882

Freehold Royalties Ltd. Deferred Share Units BUGEAUD, GARY RONALD JOSEPH

4 15/09/2017 30 12,853 138

Freehold Royalties Ltd. Common Shares Canadian National Railway Company, Administrator of the CN Trust Funds

3 30/09/2017 46 14.74 5,631,157 55,000

Freehold Royalties Ltd. Deferred Share Units HARRISON, PETER T 4 15/09/2017 30 20,356 219

Freehold Royalties Ltd. Deferred Share Units Kay, J. Douglas 4 15/09/2017 30 8,031 87

Freehold Royalties Ltd. Deferred Share Units Korpach, Arthur Neil 4 15/09/2017 30 22,971 247

Freehold Royalties Ltd. Deferred Share Units MacKenzie, Susan Mary 4 15/09/2017 30 15,955 172

Freehold Royalties Ltd. Deferred Share Units Romanow, Marvin F. 4 15/09/2017 30 16,869 181

Freehold Royalties Ltd. Deferred Share Units Walsh, Aidan Murphy 4 15/09/2017 30 19,202 206

Friday Night Inc. Common Shares Bleackley, Joseph 8 16/08/2017 10 0.25 120,000












Friday Night Inc. Convertible Debentures 10%, with a maturity date of August 16, 2019

Bleackley, Joseph 8 05/09/2017 00 $30,000


Bleackley, Joseph 8 04/10/2017 16 1000 $55,000 $25,000


Bleackley, Joseph 8 05/09/2017 00 $25,000


Bleackley, Joseph 8 04/10/2017 16 1000 $75,000 $50,000

Friday Night Inc. Warrants exercisable at $0.25 per share until October 4, 2019

Bleackley, Joseph 8 05/09/2017 00


Bleackley, Joseph 8 04/10/2017 16 1000 100,000


Bleackley, Joseph 8 04/10/2017 16 1000 100,000 100,000

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8340



Acquired/ Disposed




Bleackley, Joseph 8 04/10/2017 16 1000 200,000


Bleackley, Joseph 8 04/10/2017 16 1000 200,000 200,000

Friday Night Inc. Warrants exercisable at $0.35 per share until August 16, 2019



Bleackley, Joseph 8 05/09/2017 00 120,000




Bleackley, Joseph 8 05/09/2017 00 100,000


Sutton, Brayden Robert 4, 5 05/10/2017 15 1000 $52,550 $50


Sutton, Brayden Robert 4, 5 15/05/2017 00


Sutton, Brayden Robert 4, 5 04/10/2017 16 1000 $50,000 $50,000




Sutton, Brayden Robert 4, 5 04/10/2017 16 1000 $25,000 $25,000


Sutton, Brayden Robert 4, 5 15/05/2017 00 200,000




Sutton, Brayden Robert 4, 5 04/10/2017 16 1000 200,000 200,000




Sutton, Brayden Robert 4, 5 04/10/2017 16 1000 100,000 100,000

Frontenac Mortgage Investment Corporation

Common Shares Cruickshank, Kevin 5 03/10/2017 15 30 14,421 63

Frontenac Mortgage Investment Corporation

Common Shares REISER, DAWN 5 03/10/2017 15 30 1,219 19

Gabriel Resources Ltd. Rights DSUs Cramer, Dag Lars 4 05/10/2017 56 326,444 13,596

Gabriel Resources Ltd. Rights DSUs Gusenbauer, Alfred 4 05/10/2017 56 326,444 13,596

Gabriel Resources Ltd. Rights DSUs Hulley, Keith Robert 4 05/10/2017 56 373,405 22,659

Gabriel Resources Ltd. Rights DSUs Kirk, Harry Wayne 4 05/10/2017 56 339,771 15,862

Gabriel Resources Ltd. Options Natbony, William 4 05/10/2017 50 370,829 37,779

Gabriel Resources Ltd. Rights DSUs Peat, David W. 4 05/10/2017 56 343,936 16,570

Gabriel Resources Ltd. Options Segsworth, Walter Thomas 4 05/10/2017 50 0.46 595,829 37,779

Gabriel Resources Ltd. Rights DSUs Stairs, Janice Alayne 4 05/10/2017 56 99,027 16,753

Galane Gold Ltd. Options Brodie, Nicholas 4, 5 04/10/2017 52 0.88 2,500,000 -450,000

Gazit-Globe Ltd. Common Shares Gazit-Globe Ltd. 1 28/09/2017 10 33.94 360,544 42,044

Gazit-Globe Ltd. Common Shares Gazit-Globe Ltd. 1 01/10/2017 10 33.8 482,544 122,000

Gazit-Globe Ltd. Common Shares Segal, Dori 4, 6 26/09/2017 10 11.8 811,200 1,200

Gazit-Globe Ltd. Common Shares Segal, Dori 4, 6 28/09/2017 10 12.01 811,600 400

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8341



Acquired/ Disposed

Gazit-Globe Ltd. Common Shares Segal, Dori 4, 6 29/09/2017 10 12.01 811,800 200

GDI Integrated Facility Services Inc.

Deferred Share Units Boychuk, Michael T. 4 30/09/2017 56 6,007 701


Deferred Share Units GALLOWAY, DAVID ALEXANDER

4 30/09/2017 56 11,249 1,227


Deferred Share Units Leimert, Murray 4 30/09/2017 56 6,426 1,163


Deferred Share Units Roy, Richard G 4 30/09/2017 56 10,739 1,179


Deferred Share Units Youngman, Carl 4 30/09/2017 56 8,316 920

Gear Energy Ltd. Common Shares Olson, Kevin 4 28/09/2017 51 0.71 1,962,650 75,000

Gear Energy Ltd. Common Shares Olson, Kevin 4 28/09/2017 10 0.79 1,887,650 -75,000

Gear Energy Ltd. Options Olson, Kevin 4 28/09/2017 51 0.71 300,000 -75,000

Genius Properties Ltd. Common Shares Goulet, Guy 4, 5 26/09/2017 10 0.158 1,000

Genius Properties Ltd. Common Shares Goulet, Guy 4, 5 26/09/2017 10 0.164 2,669,044 16,000

Genius Properties Ltd. Common Shares Goulet, Guy 4, 5 04/10/2017 10 0.144 2,698,044 26,000

Genworth MI Canada Inc. Common Shares Genworth Financial, Inc. 3 28/09/2017 90 36,878,951 261,400

Genworth MI Canada Inc. Common Shares Genworth Financial, Inc. 3 28/09/2017 90 13,458,911 55,000

Genworth MI Canada Inc. Common Shares Genworth Financial, Inc. 3 01/09/2017 38 36.11 420,485 -10,782



Genworth MI Canada Inc. Common Shares Genworth Financial, Inc. 3 28/09/2017 90 55,000 -261,400

Genworth MI Canada Inc. Common Shares Genworth Financial, Inc. 3 28/09/2017 90 0 -55,000

Genworth MI Canada Inc. Common Shares Genworth MI Canada Inc. 1 01/09/2017 38 36.06 18,882 18,882

Genworth MI Canada Inc. Common Shares Genworth MI Canada Inc. 1 01/09/2017 38 0 -18,882





George Weston Limited Common Shares George Weston Limited 1 01/09/2017 38 106.8 25,000 25,000

George Weston Limited Common Shares George Weston Limited 1 15/09/2017 38 0 -25,000

GFG Resources Inc. Common Shares Awde, Jonathan Charles Timothy

4 28/09/2017 10 0.5693 3,394,476 15,000


4 29/09/2017 10 0.61 3,420,976 26,500


4 03/10/2017 10 0.65 3,425,976 5,000


4 03/10/2017 10 0.64 3,430,976 5,000


4 04/10/2017 10 0.67 3,450,976 20,000

GFG Resources Inc. Options De Jong, Stephen Edward 4 21/10/2016 00

GFG Resources Inc. Options De Jong, Stephen Edward 4 17/03/2017 50 1.09 150,000 150,000

GFG Resources Inc. Options Downey, Patrick 4 21/10/2016 00

GFG Resources Inc. Options Downey, Patrick 4 17/03/2017 50 1.09 250,000 250,000

Gibson Energy Inc. Common Shares Campbell, Darryl Richard 7 02/10/2017 57 17.76 50,044 11,079

Gibson Energy Inc. Restricted Share Units Campbell, Darryl Richard 7 02/10/2017 57 17.76 33,450 -10,683

GIGA Metals Corporation Options Davis, Lyle Roy 4 04/10/2017 50 0.4 305,000 100,000

GIGA Metals Corporation Warrants Jarvis, Mark Clayton 4, 5 28/08/2017 37 0.1 3,453,226 -2,200,000

GIGA Metals Corporation Common Shares Usher-Jones, Brian 3 29/09/2017 10 0.32 3,044,895 -75,000

Gildan Activewear Inc. Deferred Share Units (DSUs)

Anderson, William D. 4 11/09/2017 35 31.4 48,176 143


Anderson, William D. 4 01/10/2017 56 30.9 49,188 1,012


Berg, Donald 4 11/09/2017 35 31.4 14,470 43


Berg, Donald 4 01/10/2017 56 30.9 15,950 1,480

Gildan Activewear Inc. Common Shares Chamandy, Glenn J. 4, 5 06/10/2017 57 39.52 401,992 47,435

Gildan Activewear Inc. Restricted Share Units Chamandy, Glenn J. 4, 5 06/10/2017 57 39.52 68,381 -101,596

Gildan Activewear Inc. Common Shares Corsano, Anthony Frank 7 06/10/2017 57 39.52 9,437 2,437

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8342



Acquired/ Disposed

Gildan Activewear Inc. Restricted Share Units Corsano, Anthony Frank 7 06/10/2017 57 39.52 10,225 -5,034


Cunningham, Shirley Elizabeth

4 11/09/2017 35 31.4 798 2


Cunningham, Shirley Elizabeth

4 01/10/2017 56 30.9 2,012 1,214

Gildan Activewear Inc. Common Shares Gildan Activewear Inc. 1 31/08/2017 38 39.2 131,732

Gildan Activewear Inc. Common Shares Gildan Activewear Inc. 1 31/08/2017 38 39.2 394,596 131,132









Gildan Activewear Inc. Common Shares Gildan Activewear Inc. 1 14/09/2017 38 37.172 1,050,128 65,300










Gildan Activewear Inc. Common Shares Gildan Activewear Inc. 1 28/09/2017 38 0 -1,639,328




Goodman, Russell Andrew 4 11/09/2017 35 31.4 27,937 83




Heller, George Jason 4 11/09/2017 35 31.4 59,894 178


Heller, George Jason 4 01/10/2017 56 30.9 61,253 1,359

Gildan Activewear Inc. Common Shares Hoffman, Michael 7 06/10/2017 57 39.52 54,719 14,968

Gildan Activewear Inc. Restricted Share Units Hoffman, Michael 7 06/10/2017 57 39.52 13,415 -24,782

Gildan Activewear Inc. Common Shares Iliopoulos, Peter 5 06/10/2017 57 39.52 26,782 1,865

Gildan Activewear Inc. Restricted Share Units Iliopoulos, Peter 5 06/10/2017 57 39.52 9,380 -3,995

Gildan Activewear Inc. Common Shares Lavoie, Nicolas 5 06/10/2017 57 39.52 3,188 1,864

Gildan Activewear Inc. Restricted Share Units Lavoie, Nicolas 5 06/10/2017 57 39.52 9,402 -3,993

Gildan Activewear Inc. Common Shares Lehman, Eric Ralph 5 06/10/2017 57 39.52 45,965 12,651

Gildan Activewear Inc. Restricted Share Units Lehman, Eric Ralph 5 06/10/2017 57 39.52 13,415 -24,782


Martin-Vachon, Anne 4 11/09/2017 35 31.4 12,335 37


Martin-Vachon, Anne 4 01/10/2017 56 30.9 13,549 1,214

Gildan Activewear Inc. Common Shares Masi, Benito 5 06/10/2017 57 39.52 152,987 24,710

Gildan Activewear Inc. Restricted Share Units Masi, Benito 5 06/10/2017 57 39.52 13,416 -24,782


O'Brien, Sheila 4 11/09/2017 35 31.4 73,264 218


O'Brien, Sheila 4 01/10/2017 56 30.9 73,870 606

Gildan Activewear Inc. Common Shares Roiter, Jonathan 5 06/10/2017 57 39.52 17,960 1,953

Gildan Activewear Inc. Restricted Share Units Roiter, Jonathan 5 06/10/2017 57 39.52 10,009 -4,184


VALDES-FAULI, Gonzalo 4 11/09/2017 35 31.4 38,219 113


VALDES-FAULI, Gonzalo 4 01/10/2017 56 30.9 38,826 607

Gildan Activewear Inc. Common Shares Ward, Chuckie J. 7 06/10/2017 57 39.52 23,133 2,217

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8343



Acquired/ Disposed

Gildan Activewear Inc. Restricted Share Units Ward, Chuckie J. 7 06/10/2017 57 39.52 9,376 -4,227

Glacier Media Inc. Common Shares Smysnuik, Orest 5 27/09/2017 10 0.65 177,478 1,000



Glance Technologies Inc. Common Shares Green, Penny Olga 3, 4, 6, 5 28/09/2017 10 0.5 11,400,061 -20,000












Glance Technologies Inc. Common Shares Green, Penny Olga 3, 4, 6, 5 28/09/2017 10 0.485 10,975,061 25,000






Glance Technologies Inc. Common Shares Griffin, Desmond 3, 4, 5 04/10/2017 10 0.75 15,185,832 -40,000









Glance Technologies Inc. Common Shares Griffin, Desmond 3, 4, 5 05/10/2017 10 1.02 14,824,332 -500

Glance Technologies Inc. Common Shares Timlick, Larry 4 28/09/2017 10 0.48 72,000 -33,000

Glance Technologies Inc. Common Shares Timlick, Larry 4 28/09/2017 10 0.475 71,828 -172

Glenbriar Technologies Inc. Common Shares Matheson, Robert Donald 4, 7, 5 04/10/2017 11 0.02 0 -8,123,782

Glenbriar Technologies Inc. Common Shares Tijman, Brian 4 04/10/2017 11 0.02 0 -8,583,235

Global Blockchain Technologies Corp. (formerly Carrus Capital Corporation)

Common Shares Shynkaryk, Chester 5 04/10/2017 10 1.91 12,000 -3,000











Global Healthcare Income & Growth Fund

Units Global Healthcare Income & Growth Fund

1 05/09/2017 38 9.03 3,000 3,000



1 05/09/2017 38 9.03 0 -3,000



1 06/09/2017 38 9.02 3,000 3,000



1 06/09/2017 38 9.02 0 -3,000

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8344



Acquired/ Disposed



1 07/09/2017 38 8.96 3,000 3,000



1 07/09/2017 38 8.96 0 -3,000



1 11/09/2017 38 9.06 3,000 3,000



1 11/09/2017 38 9.06 0 -3,000



1 13/09/2017 38 9.08 2,100 2,100



1 13/09/2017 38 9.08 0 -2,100



1 14/09/2017 38 9.1 600 600



1 14/09/2017 38 9.1 0 -600



1 20/09/2017 38 9.05 3,000 3,000



1 20/09/2017 38 9.05 0 -3,000



1 21/09/2017 38 9 3,000 3,000



1 21/09/2017 38 9 0 -3,000



1 27/09/2017 38 8.95 1,100 1,100



1 27/09/2017 38 8.95 0 -1,100



1 28/09/2017 38 8.93 3,000 3,000



1 28/09/2017 38 8.93 0 -3,000



1 29/09/2017 38 8.87 3,000 3,000



1 29/09/2017 38 8.87 0 -3,000

Global Li-Ion Graphite Corp. Common Shares Walsh, Jason 4 27/09/2017 10 0.51 1,165,723 5,000




Global Li-Ion Graphite Corp. Common Shares Walsh, Jason 4 29/09/2017 10 0.54 12,500

Global Li-Ion Graphite Corp. Common Shares Walsh, Jason 4 29/09/2017 10 0.54 1,170,223 -12,500



Global Real Estate Dividend Growers Corp.

Common Shares Equity Shares

Global Real Estate Dividend Growers Corp.

1 29/09/2017 38 7.9815 3,884,617 2,700

Global UAV Technologies Ltd. (formerly Alta Vista Ventures Ltd.)

Common Shares Rogers, James 4 02/06/2017 00


Common Shares Rogers, James 4 04/10/2017 10 0.075 7,000 7,000









Globalance Dividend Growers Corp.

Common Shares Equity Shares

Globalance Dividend Growers Corp.

1 29/09/2017 38 8.53 3,254,707 800

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8345



Acquired/ Disposed

Globex Mining Enterprises Inc.

Common Shares Marrelli, Carmelo 5 21/09/2017 00


Options Marrelli, Carmelo 5 21/09/2017 00


Common Shares Newbury, Andrew 5 21/09/2017 00


Options Newbury, Andrew 5 21/09/2017 00

Glorious Creation Limited Common Shares Kong, Yuk Kan 3, 4, 5 29/09/2017 11 0.2 11,913,745 450,001

Gluskin Sheff + Associates Inc.

Deferred Share Units Beeston, Paul 5 30/09/2017 56 37,453 1,806


Deferred Share Units Davis, Virginia Ann 4 30/09/2017 56 10,531 903


Deferred Share Units Gobert, Wilfred Arthur 4 30/09/2017 56 37,946 1,471


Deferred Share Units Halperin, Stephen 4 30/09/2017 56 19,889 1,471


Deferred Share Units Lockhart, Nancy 4 30/09/2017 56 21,725 1,806


Common Shares Morris, David Roy 5 03/10/2017 97 3,722 -2,837


Common Shares Morris, David Roy 5 03/10/2017 97 17,270 2,837


Deferred Share Units Themens, Pierre-Andre 4 30/09/2017 56 38,711 1,472

goeasy Ltd. (formerly, easyhome Ltd.)

Deferred Share Unit Plan Appel, David Harry 4 30/09/2017 56 54,262 114


Deferred Share Unit Plan Appel, David Harry 4 30/09/2017 56 54,929 667


Deferred Share Unit Plan Basian, Karen 4 30/09/2017 56 14,685 114


Deferred Share Unit Plan Basian, Karen 4 30/09/2017 56 15,352 667


Deferred Share Unit Plan Doniz, Susan 4 30/09/2017 56 2,310 114


Deferred Share Unit Plan Johnson, Donald Kenneth 3, 4 30/09/2017 56 61,239 114


Deferred Share Unit Plan Johnson, Donald Kenneth 3, 4 30/09/2017 56 907


Deferred Share Unit Plan Johnson, Donald Kenneth 3, 4 30/09/2017 56 62,197 958


Deferred Share Unit Plan Morrison, Sean 4 30/09/2017 56 4,762 114


Deferred Share Unit Plan Thomson, David J. 4 30/09/2017 56 20,873 114


Deferred Share Unit Plan Thomson, David J. 4 30/09/2017 56 21,228 355

Golden Dawn Minerals Inc. Common Shares Wiese, Wolfgang 4, 5 29/09/2017 10 0.28 6,786,074 19,500

Golden Leaf Holdings Ltd. Warrants Yeoman, Gary 4 28/06/2017 00

Golden Leaf Holdings Ltd. Warrants Yeoman, Gary 4 05/09/2017 53 0.28 47,600 47,600

Golden Leaf Holdings Ltd. Common Shares Zipfel, Gary Gene 4 19/07/2017 00 29,552,521

Golden Leaf Holdings Ltd. Warrants Zipfel, Gary Gene 4 19/07/2017 00

Golden Leaf Holdings Ltd. Warrants Zipfel, Gary Gene 4 05/09/2017 53 0.28 714,000 714,000

Golden Predator Mining Corp.

Options Goldfarb, Richard 4 29/09/2017 00 225,000


Options Harris, William 4 03/10/2017 00 225,000


Options Hayes, Gregory Donald 4, 5 30/09/2017 50 0.91 610,000 150,000

Golden Share Resources Corporation

Options Guilbaud, Christian 4 06/10/2017 52 1.5 410,001 -16,666


Common Shares Zeng, Nick Nianqing 4, 5 27/09/2017 10 0.115 1,860,000 15,000


Common Shares Zeng, Nick Nianqing 4, 5 04/10/2017 10 0.115 1,866,000 6,000

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8346



Acquired/ Disposed

Goldman Sachs U.S. Income Builder Trust

Units Class A Goldman Sachs U.S. Income Builder Trust

1 05/09/2017 38 7.88 3,000 3,000



1 05/09/2017 38 7.88 0 -3,000



1 07/09/2017 38 7.86 3,000 3,000



1 07/09/2017 38 7.86 0 -3,000



1 12/09/2017 38 7.85 3,000 3,000



1 12/09/2017 38 7.85 0 -3,000



1 14/09/2017 38 7.83 300 300



1 14/09/2017 38 7.83 0 -300



1 18/09/2017 38 7.83 2,700 2,700



1 18/09/2017 38 7.83 0 -2,700



1 19/09/2017 38 7.89 3,000 3,000



1 19/09/2017 38 7.89 0 -3,000



1 20/09/2017 38 7.89 3,000 3,000



1 20/09/2017 38 7.89 0 -3,000



1 22/09/2017 38 7.88 1,600 1,600



1 22/09/2017 38 7.88 0 -1,600



1 26/09/2017 38 7.91 900 900



1 26/09/2017 38 7.91 0 -900



1 27/09/2017 38 7.92 500 500



1 27/09/2017 38 7.92 0 -500



1 29/09/2017 38 8.03 3,000 3,000



1 29/09/2017 38 8.03 0 -3,000

Goldmoney Inc. (formerly BitGold Inc.)

Common Shares Fray, steve 5 25/08/2017 00


Options Fray, steve 5 25/08/2017 00 45,000


Warrants Fray, steve 5 25/08/2017 00


Common Shares Mennega, Paul Michael 5 28/08/2017 00


Options Mennega, Paul Michael 5 28/08/2017 00 69,046


Warrants Mennega, Paul Michael 5 28/08/2017 00

Gran Colombia Gold Corp. 2020 Debentures Gran Colombia Gold Corp. 1 08/09/2017 10 0.875 $12,000

Gran Colombia Gold Corp. 2020 Debentures Gran Colombia Gold Corp. 1 08/09/2017 38 0.875 $12,000 $12,000

Gran Colombia Gold Corp. 2020 Debentures Gran Colombia Gold Corp. 1 15/09/2017 10 0.8796 $12,000



Gran Colombia Gold Corp. 2020 Debentures Gran Colombia Gold Corp. 1 19/09/2017 38 $12,000 -$24,000

Gran Colombia Gold Corp. 2020 Debentures Gran Colombia Gold Corp. 1 25/09/2017 38 $0 -$12,000

Gran Colombia Gold Corp. 2020 Debentures Extended to 2024

Iacono, Serafino 3, 4, 6, 5 06/08/2010 00

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8347



Acquired/ Disposed


Iacono, Serafino 3, 4, 6, 5 22/09/2017 90 $6,267,428 $6,267,428


Iacono, Serafino 3, 4, 6, 5 22/09/2017 90 $0 -$6,267,428

Gran Colombia Gold Corp. Common Shares Iacono, Serafino 3, 4, 6, 5 06/08/2010 00

Gran Colombia Gold Corp. Common Shares Iacono, Serafino 3, 4, 6, 5 22/09/2017 90 1,106,733 1,106,733

Gran Colombia Gold Corp. Common Shares Iacono, Serafino 3, 4, 6, 5 22/09/2017 90 0 -1,106,733

Gran Colombia Gold Corp. Warrants Iacono, Serafino 3, 4, 6, 5 06/08/2010 00

Gran Colombia Gold Corp. Warrants Iacono, Serafino 3, 4, 6, 5 22/09/2017 90 50,000 50,000

Gran Colombia Gold Corp. Warrants Iacono, Serafino 3, 4, 6, 5 22/09/2017 90 0 -50,000

Gran Colombia Gold Corp. 2020 Debentures Miller, III, Lloyd I. 3 03/10/2017 10 0.93 $8,121,707 $1,240,000

Gran Colombia Gold Corp. 2020 Debentures Miller, III, Lloyd I. 3 05/10/2017 10 0.94 $8,191,613 $69,906

Gran Colombia Gold Corp. 2020 Debentures Miller, III, Lloyd I. 3 03/10/2017 10 0.928 $69,906 -$1,000,000

Gran Colombia Gold Corp. 2020 Debentures Miller, III, Lloyd I. 3 05/10/2017 10 0.939 $0 -$69,906

Gran Colombia Gold Corp. 2020 Debentures Miller, III, Lloyd I. 3 03/10/2017 10 0.928 $595 -$240,000

Gran Tierra Energy Inc. Options Dey, Peter James 4 01/10/2017 50 2.28 108,184 3,389

Gran Tierra Energy Inc. Rights Deferred Stock Units

Dey, Peter James 4 01/10/2017 56 71,120 13,410

Gran Tierra Energy Inc. Options Hazell, Evan James 4 01/10/2017 50 2.28 108,184 3,389


Hazell, Evan James 4 01/10/2017 56 66,887 9,791


Hodgins, Robert Bruce 4 01/10/2017 56 77,899 11,403

Gran Tierra Energy Inc. Options Royal, Ronald William 4 01/10/2017 50 2.28 108,184 3,389


Royal, Ronald William 4 01/10/2017 56 100,595 14,725


Scott, Sondra 4 19/09/2017 00


Scott, Sondra 4 01/10/2017 56 6,990 6,990

Gran Tierra Energy Inc. Options Smith, David Paul 4 01/10/2017 50 2.28 108,184 3,389


Smith, David Paul 4 01/10/2017 56 31,682 4,638

Gran Tierra Energy Inc. Common Shares Wade, Brooke Nelson 4 24/06/2015 00

Gran Tierra Energy Inc. Common Shares Wade, Brooke Nelson 4 24/06/2015 00

Gran Tierra Energy Inc. Common Shares Wade, Brooke Nelson 4 29/09/2017 10 2.307 242,600 242,600

Gran Tierra Energy Inc. Common Shares Wade, Brooke Nelson 4 29/09/2017 10 2.3 371,300 -121,300

Gran Tierra Energy Inc. Common Shares Wade, Brooke Nelson 4 29/09/2017 10 2.284 250,000 -121,300

Gran Tierra Energy Inc. Options Wade, Brooke Nelson 4 01/10/2017 50 2.28 108,184 3,389


Wade, Brooke Nelson 4 01/10/2017 56 100,595 14,725

Granite Real Estate Investment Trust

Trust Units (traded as a component of stapled units)


1 27/09/2017 38 49.984 24,400 24,400




1 27/09/2017 38 0 -24,400




1 28/09/2017 38 49.961 12,200 12,200




1 28/09/2017 38 0 -12,200

Granite REIT Inc. Deferred Share Units Aghar, Peter 4 15/06/2017 00

Granite REIT Inc. Deferred Share Units Aghar, Peter 4 29/09/2017 56 50.18 598 598

Granite REIT Inc. Deferred Share Units Clow, Donald Everett 4 29/09/2017 56 50.18 2,336 648

Granite REIT Inc. Deferred Share Units Daal, Remco 4 15/06/2017 00

Granite REIT Inc. Deferred Share Units Daal, Remco 4 29/09/2017 56 50.18 548 548

Granite REIT Inc. Common Shares (traded as a component of stapled units)

Granite REIT Inc. 1 27/09/2017 38 49.984 24,400 24,400


Granite REIT Inc. 1 27/09/2017 38 0 -24,400

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8348



Acquired/ Disposed


Granite REIT Inc. 1 28/09/2017 38 49.961 12,200 12,200


Granite REIT Inc. 1 28/09/2017 38 0 -12,200

Granite REIT Inc. Deferred Share Units Manji, Samir Aziz 4 15/06/2017 00

Granite REIT Inc. Deferred Share Units Manji, Samir Aziz 4 29/09/2017 56 50.18 548 548

Granite REIT Inc. Deferred Share Units Marshall, Kelly John 4 15/06/2017 00

Granite REIT Inc. Deferred Share Units Marshall, Kelly John 4 29/09/2017 56 50.18 1,046 1,046

Granite REIT Inc. Deferred Share Units Mawani, Al 4 15/06/2017 00

Granite REIT Inc. Deferred Share Units Mawani, Al 4 29/09/2017 56 50.18 697 697

Granite REIT Inc. Deferred Share Units Miller, Gerald 4 29/09/2017 35 50.18 8,162 249

Great-West Lifeco Inc. Deferred Share Units Barrett, Deborah Jean 4 30/09/2017 56 35.562 1,152 923

Great-West Lifeco Inc. Deferred Share Units Bibeau, Marc A. 6 30/09/2017 30 35.91 2,958 30

Great-West Lifeco Inc. Deferred Share Units Coutu, Marcel R. 4 30/09/2017 56 35.631 36,495 1,788

Great-West Lifeco Inc. Deferred Share Units Desmarais, André 4 30/09/2017 56 35.91 153,354 1,550

Great-West Lifeco Inc. Deferred Share Units Desmarais, Olivier 7 30/09/2017 56 35.604 11,622 890

Great-West Lifeco Inc. Deferred Share Units Desmarais, Paul III 7 30/09/2017 56 35.604 10,309 800

Great-West Lifeco Inc. Deferred Share Units Desmarais, Paul Jr. 4 30/09/2017 56 35.714 33,951 775

Great-West Lifeco Inc. Deferred Share Units Doer, Gary Albert 4 30/09/2017 56 35.578 2,071 369

Great-West Lifeco Inc. Deferred Share Units Fuller, David 4 30/09/2017 56 35.562 1,089 860

Great-West Lifeco Inc. Deferred Share Units Généreux, Claude 4 30/09/2017 56 35.588 18,928 2,223

Great-West Lifeco Inc. Common Shares Great-West Lifeco Inc. 1 30/09/2017 38 34.679 130,454 130,454

Great-West Lifeco Inc. Common Shares Great-West Lifeco Inc. 1 30/09/2017 38 0 -130,454

Great-West Lifeco Inc. Common Shares Great-West Lifeco U.S. Holdings, L.P.

2 30/09/2017 10 35.623 81,387 81,387

Great-West Lifeco Inc. Common Shares Great-West Lifeco U.S. Holdings, L.P.

2 30/09/2017 10 35.601 0 -81,387

Great-West Lifeco Inc. Deferred Share Units Hosek, Chaviva Milada 4 30/09/2017 56 35.69 20,606 556

Great-West Lifeco Inc. Deferred Share Units Jackson, John David Allan 4 30/09/2017 56 35.619 7,221 421

Great-West Lifeco Inc. Deferred Share Units Mahon, Paul 5 30/09/2017 56 35.622 70,986 1,873

Great-West Lifeco Inc. Deferred Share Units McArthur, Susan J. 4 30/09/2017 56 35.591 3,625 385

Great-West Lifeco Inc. Deferred Share Units Orr, Robert Jeffrey 4, 6 30/09/2017 56 35.701 167,236 4,168

Great-West Lifeco Inc. Deferred Share Units Plessis-Bélair, Michel 6 30/09/2017 30 35.91 28,408 287

Great-West Lifeco Inc. Deferred Share Units Qureshi, Rima 4 30/09/2017 56 35.578 2,071 369

Great-West Lifeco Inc. Deferred Share Units Raymond, Donald Michael 4 30/09/2017 56 35.564 583 354

Great-West Lifeco Inc. Deferred Share Units Reynolds, Robert Lloyd 7 30/09/2017 56 35.605 6,693 503

Great-West Lifeco Inc. Deferred Share Units Rousseau, Henri-Paul 4, 6 30/09/2017 56 35.676 22,848 691

Great-West Lifeco Inc. Deferred Share Units Royer, Raymond 4 30/09/2017 56 35.704 71,184 1,735

Great-West Lifeco Inc. Deferred Share Units Ryan, Thomas Timothy, Jr. 4 30/09/2017 56 35.602 29,854 2,389

Great-West Lifeco Inc. Deferred Share Units Selitto, Jerome John 4 30/09/2017 56 35.631 11,223 548

Great-West Lifeco Inc. Deferred Share Units Szathmary, Emoke Jolan Erzsebet

6 30/09/2017 30 35.91 33,583 340

Great-West Lifeco Inc. Deferred Share Units Tretiak, Gregory Dennis 4, 6 30/09/2017 56 35.635 14,938 687

Great-West Lifeco Inc. Deferred Share Units Vanaselja, Siim A. 4 30/09/2017 56 35.594 17,463 1,728

Great-West Lifeco Inc. Deferred Share Units Walsh, Brian, E. 4 30/09/2017 56 35.687 74,435 2,045

Greenfields Petroleum Corporation

Common Shares - New Harkins, John Wilfrid Hugh 4, 5 03/10/2017 10 0.122 5,439,674 4,000


Common Shares Perez-Bello, Jose 5 01/06/2017 00 4,209


Options Perez-Bello, Jose 5 01/06/2017 00 45,000

GTA Resources and Mining Inc.

Common Shares Clausi, Peter Michael 4, 5 28/09/2017 10 0.04 325,723 15,000

GTA Resources and Mining Inc.

Common Shares Crawford, Brian Lorne 4, 5 29/09/2017 10 0.04 482,112 50,000

Guyana Goldfields Inc. Common Shares Caldwell, Scott Andrew 4 02/10/2017 10 4.1 489,357 15,000

Hamilton Thorne Ltd. Common Shares Edwards, Keith 5 02/10/2017 51 0.63 12,500 12,500

Hamilton Thorne Ltd. Common Shares Edwards, Keith 5 02/10/2017 51 0.22 37,500 25,000

Hamilton Thorne Ltd. Options Edwards, Keith 5 02/10/2017 50 0.22 225,000 -25,000

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8349



Acquired/ Disposed

Hamilton Thorne Ltd. Options Edwards, Keith 5 02/10/2017 50 0.63 237,500 12,500

Hammond Power Solutions Inc.


Baldwin, Douglas 4 29/09/2017 56 2,482 17



FitzGibbon, David Joseph 4 29/09/2017 56 2,482 17



GRANOVSKY, DAHRA 4 29/09/2017 56 4,666 25



HAMMOND, BILL 6 29/09/2017 56 2,482 17



HUETHER, CHRIS 5 29/09/2017 56 2,482 17



Jaques, Frederick Maurice 4 29/09/2017 56 6,851 32



MACADAM, DON 4 29/09/2017 56 2,482 17



Robinson, Grant Cameron 4 29/09/2017 56 2,482 17



Waterman, Richard Stanley 4 29/09/2017 56 17



Waterman, Richard Stanley 4 29/09/2017 56 2,482 17

Heron Resources Limited Common Shares Dennis, Stephen Bruce 4 02/10/2017 10 0.065 1,794,286 230,000

High Arctic Energy Services Inc.


Hodgson, James Robert 4 08/08/2017 00

High Arctic Energy Services Inc.


Hodgson, James Robert 4 30/09/2017 56 5,000 5,000

Holloway Lodging Corporation

Common Shares Holloway Lodging Corporation

1 07/09/2017 30 5.45 100 100



1 21/09/2017 30 5.35 65,100 65,000



1 30/09/2017 38 0 -65,100


Convertible Debentures HLC.DB 6.25% due Feb 28, 2020


1 05/09/2017 38 $30,000 -$37,000




1 07/09/2017 30 0.95 $45,000 $15,000




1 08/09/2017 30 0.95 $55,000 $10,000




1 22/09/2017 30 0.955 $61,000 $6,000




1 25/09/2017 30 0.9644 $76,000 $15,000




1 26/09/2017 30 0.95 $82,000 $6,000




1 27/09/2017 30 0.9599 $150,000 $68,000




1 27/09/2017 30 0.95 $156,000 $6,000




1 28/09/2017 30 0.9569 $171,000 $15,000




1 30/09/2017 38 $15,000 -$156,000


Convertible Debentures HLC.DB.A 7.50% due Sep 30, 2018


1 26/09/2017 30 0.9899 $2,000 $2,000




1 27/09/2017 30 0.9899 $7,000 $5,000

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8350



Acquired/ Disposed




1 30/09/2017 38 $0 -$7,000

Home Capital Group Inc. Rights Deferred Share Units

Beaurivage, Jacqueline 4 28/09/2017 56 13.9 8,751 899

Home Capital Group Inc. Options Bissada, Yousry 4, 5 28/09/2017 50 48,941 48,941


Bissada, Yousry 4, 5 03/08/2017 00

Home Capital Group Inc. Rights Restricted Share Units

Bissada, Yousry 4, 5 03/08/2017 00


Bissada, Yousry 4, 5 28/09/2017 56 13.9 14,881 14,881


Blowes, Robert 4 28/09/2017 56 13.9 4,068 395


Eprile, Brenda 4 28/09/2017 56 13.9 4,818 2,258


Haggis, Paul 4 28/09/2017 56 13.9 1,941 1,941


Hibben, Alan Roy 4 28/09/2017 56 13.9 1,980 1,980


Hibben, Alan Roy 4 28/09/2017 56 13.9 16,368 14,388

Home Capital Group Inc. Options Kotush, Bradley William 5 01/09/2017 00

Home Capital Group Inc. Options Kotush, Bradley William 5 28/09/2017 50 5,606 5,606


Kotush, Bradley William 5 01/09/2017 00


Kotush, Bradley William 5 28/09/2017 56 13.9 3,406 3,406


Lamoureux, Claude 4 28/09/2017 56 13.9 1,265 1,265


Lisson, James 4 28/09/2017 56 13.9 889 889


Sallows, Sharon 4 28/09/2017 56 13.9 1,301 1,301


Then, Bonita Joan 4, 5 28/09/2017 56 13.9 47,683 46,770

Horizonte Minerals PLC Common Shares Fisher, William J. 4 28/09/2017 10 0.01 200,000

Horizonte Minerals PLC Common Shares Fisher, William J. 4 28/09/2017 10 0.01 200,000

Hudbay Minerals Inc. (formerly HudBay Minerals Inc.)

Common Shares Blazo, Adrienne 5 27/09/2017 00

Hudbay Minerals Inc. (formerly HudBay Minerals Inc.)

Rights Share Units Blazo, Adrienne 5 27/09/2017 00

Hudson's Bay Company Common Shares Watros, Donald William 5 28/09/2017 10 10.602 795,672 -71,200



Hydro One Limited Rights (Deferred Share Units)

Hinds, James David 4 29/09/2017 56 13,678 1,761

Hydro One Limited Rights (Deferred Share Units)

Hinds, James David 4 29/09/2017 56 13,794 116

IBC Advanced Alloys Corp. Common Shares Hampson, Christopher Geoffrey

4 09/08/2017 10 0.3625 218,000 -57,000

IBC Advanced Alloys Corp. Special Warrants Hampson, Christopher Geoffrey

4 24/05/2016 11 0.5 275,000 275,000

IBC Advanced Alloys Corp. Special Warrants Hampson, Christopher Geoffrey

4 26/05/2016 00

IBEX TECHNOLOGIES INC. Common Shares Miller, III, Lloyd I. 3 06/08/2004 00

IBEX TECHNOLOGIES INC. Common Shares Miller, III, Lloyd I. 3 29/09/2017 97 712,350 712,350

IBEX TECHNOLOGIES INC. Common Shares Miller, III, Lloyd I. 3 06/08/2004 00

IBEX TECHNOLOGIES INC. Common Shares Miller, III, Lloyd I. 3 29/09/2017 97 712,350 712,350

IBEX TECHNOLOGIES INC. Common Shares Miller, III, Lloyd I. 3 29/09/2017 97 1,589,000 -1,424,700

IBI Group Inc. Rights Deferred Unit Bird, Jane Marie 4 30/09/2017 56 7.39 59,321 3,535

IBI Group Inc. Rights Deferred Unit Nobrega, Michael Joseph 4 30/09/2017 56 7.39 7,599 4,190

IBI Group Inc. Rights Deferred Unit Reid, John Oliver 4 30/09/2017 56 7.39 7,768 4,055

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8351



Acquired/ Disposed

IBI Group Inc. Rights Deferred Unit Richmond, Dale Elson 4 30/09/2017 56 7.39 257,331 6,675

IDM Mining Ltd. (Formerly Revolution Resources Corp.)

Common Shares Horsley, Nigel Alexander 8 05/10/2017 10 0.13 250,000 20,000

IGM Financial Inc. Deferred Share Units Bibeau, Marc A. 4 31/07/2017 30 41.96 27,925 359

IGM Financial Inc. Deferred Share Units Bibeau, Marc A. 4 30/09/2017 56 42.11 623

IGM Financial Inc. Deferred Share Units Bibeau, Marc A. 4 30/09/2017 56 42.11 623

IGM Financial Inc. Deferred Share Units Bibeau, Marc A. 4 30/09/2017 56 42.11 28,548 623

IGM Financial Inc. Deferred Share Units Carney, Jeffrey 4 31/07/2017 30 41.96 11,447 142

IGM Financial Inc. Deferred Share Units Carney, Jeffrey 4 30/09/2017 56 42.11 12,017 570

IGM Financial Inc. Deferred Share Units Coutu, Marcel R. 4 31/07/2017 30 41.96 8,656 104

IGM Financial Inc. Deferred Share Units Coutu, Marcel R. 4 30/09/2017 56 42.11 9,267 611

IGM Financial Inc. Deferred Share Units Desmarais, André 4, 6 31/07/2017 30 41.96 58,473 772

IGM Financial Inc. Deferred Share Units Desmarais, Olivier 7 31/07/2017 30 41.96 6,579 80

IGM Financial Inc. Deferred Share Units Desmarais, Olivier 7 30/09/2017 56 42.11 6,996 417

IGM Financial Inc. Deferred Share Units Desmarais, Paul III 7 31/07/2017 30 41.96 6,592 82

IGM Financial Inc. Deferred Share Units Desmarais, Paul III 7 30/09/2017 56 42.11 7,037 445

IGM Financial Inc. Deferred Share Units Desmarais, Paul Jr. 4 31/07/2017 30 41.96 29,102 382

IGM Financial Inc. Deferred Share Units Desmarais, Paul Jr. 4 30/09/2017 56 42.11 29,408 306

IGM Financial Inc. Deferred Share Units Doer, Gary Albert 4 31/07/2017 30 41.96 1,162 12

IGM Financial Inc. Deferred Share Units Doer, Gary Albert 4 30/09/2017 56 42.11 1,496 334

IGM Financial Inc. Deferred Share Units Doniz, Susan 7 30/09/2017 56 42.11 519 375

IGM Financial Inc. Deferred Share Units Généreux, Claude 4 31/07/2017 30 41.96 2,275 27

IGM Financial Inc. Deferred Share Units Généreux, Claude 4 30/09/2017 56 42.11 2,916 641

IGM Financial Inc. Deferred Share Units Hodgson, Sharon 4 31/07/2017 30 41.96 4,016 47

IGM Financial Inc. Deferred Share Units Hodgson, Sharon 4 30/09/2017 56 42.11 4,412 396

IGM Financial Inc. Deferred Share Units MacLeod, Sharon 7 30/09/2017 56 42.11 755 611

IGM Financial Inc. Deferred Share Units McArthur, Susan J. 4 31/07/2017 30 42.11 16


IGM Financial Inc. Deferred Share Units McArthur, Susan J. 4 31/07/2017 30 41.96 1,547 16



IGM Financial Inc. Deferred Share Units McArthur, Susan J. 4 30/09/2017 56 42.11 1,832 285

IGM Financial Inc. Deferred Share Units McCallum, John S. 4 31/07/2017 30 41.96 42,254 550

IGM Financial Inc. Deferred Share Units McCallum, John S. 4 30/09/2017 56 42.11 42,862 608

IGM Financial Inc. Deferred Share Units Orr, Robert Jeffrey 4, 6 31/07/2017 30 41.96 81,993 1,066

IGM Financial Inc. Deferred Share Units Orr, Robert Jeffrey 4, 6 30/09/2017 56 42.11 83,257 1,264

IGM Financial Inc. Deferred Share Units Parisien, Jacques 4 31/07/2017 30 41.96 126

IGM Financial Inc. Deferred Share Units Parisien, Jacques 4 31/07/2017 30 41.96 126

IGM Financial Inc. Deferred Share Units Parisien, Jacques 4 31/07/2017 30 41.96 10,352 127

IGM Financial Inc. Deferred Share Units Parisien, Jacques 4 30/09/2017 56 42.11 11,017 665

IGM Financial Inc. Deferred Share Units Plessis-Bélair, Michel 4 31/07/2017 30 41.96 12,371 164

IGM Financial Inc. Deferred Share Units Rousseau, Henri-Paul 4, 6 31/07/2017 30 41.96 9,510 123

IGM Financial Inc. Deferred Share Units Rousseau, Henri-Paul 4, 6 30/09/2017 56 42.11 9,733 223

IGM Financial Inc. Deferred Share Units Tretiak, Gregory Dennis 4, 6 31/07/2017 30 41.96 5,243 66

IGM Financial Inc. Deferred Share Units Tretiak, Gregory Dennis 4, 6 30/09/2017 56 42.11 5,702 459

Immunovaccine Inc. Deferred Share Units Dawe, Wade K. 4 30/09/2017 56 1.11 74,476 8,446

Immunovaccine Inc. Deferred Share Units Hall, James Willis 4 30/09/2017 56 1.11 102,216 18,018

Immunovaccine Inc. Deferred Share Units Pisano, Wayne 4 30/09/2017 56 1.11 91,610 14,358

Immunovaccine Inc. Deferred Share Units SCARDINO, ALBERT JAMES

4 30/09/2017 56 1.11 98,952 16,892

Immunovaccine Inc. Deferred Share Units Sheldon, Andrew J. 4 30/09/2017 56 1.11 117,425 14,640

Immunovaccine Inc. Deferred Share Units Smithers, Alfred 4 30/09/2017 56 1.11 72,845 7,883

Imperial Oil Limited Rights Deferred Share Units

Hoeg, Krystyna 4 30/09/2017 56 30,243 879


MINTZ, JACK MAURICE 4 30/09/2017 56 26,140 862


Sutherland, David Stewart 4 30/09/2017 56 23,579 852


Whittaker, Sheelagh 4 30/09/2017 56 52,644 591

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8352



Acquired/ Disposed


Young, Victor Leyland 4 30/09/2017 56 13,137 53

Imvescor Restaurant Group Inc.

Deferred Share Units Forsayeth, Michael Peter 4 04/10/2017 56 3.72 46,322 278


Deferred Share Units Hennessey, Frank 4, 5 04/10/2017 56 3.72 50,938 306


Deferred Share Units LaBerge, Anne-Marie 4 04/10/2017 56 3.72 9,063 54


Deferred Share Units O'Connor, Gary William 4 04/10/2017 56 3.72 16,031 96


Deferred Share Units Raymond, Pierre 4 04/10/2017 56 3.72 42,042 252


Deferred Share Units Seigneur, François-Xavier 4 04/10/2017 56 3.72 73,984 444


Deferred Share Units Sgro, David Daniel 4 04/10/2017 56 3.72 12,993 78


Deferred Share Units Sugrue, Patrick Howard 4 04/10/2017 56 3.72 47,452 285


Deferred Share Units Zaarour, Roula 4 04/10/2017 56 3.72 10,229 61

Industrial Alliance Insurance and Financial Services inc.

unités d'actions différées (uda)-differed shared units (dsa)

Bourgon, Jocelyne 4, 5 30/09/2017 56 57.03 9,032 1,017



Chicoyne, Denyse 4 30/09/2017 56 57.03 7,066 534



Coallier, Robert 4 30/09/2017 56 57.03 1,177 86



Côté, Agathe 4 30/09/2017 56 57.03 2,177 363



Griffin, Emma Kate 4 30/09/2017 56 57.03 58 47



Hanley, Michael 4 30/09/2017 56 57.03 2,600 281



Lamoureux, Claude 4 30/09/2017 56 57.03 13,175 530



Têtu, Louis 4 30/09/2017 56 57.03 2,465 373

Innergex Renewable Energy Inc.

Unités d'actions différées (UAD)/Deferred Shares Units (DSU)

Francisci, Nathalie 4 05/10/2017 56 1,810 902



Gagnon, Richard 4 05/10/2017 56 1,810 902



McGuinty, Dalton 4 05/10/2017 56 7,345 902



Mercier, Monique 4 05/10/2017 56 5,889 1,354

Inovalis Real Estate Investment Trust

Exchangeable Securities Inovalis S.A. 3 30/09/2017 46 10.12 2,084,047 92,857

Input Capital Corp. Common Shares Warsaba, Patricia 5 29/09/2017 51 1.62 126,315 100,000

Input Capital Corp. Options Warsaba, Patricia 5 29/09/2017 51 1 0 -100,000

Inter Pipeline Ltd. Rights Restricted Share Units

Neufeld, Cory Wade 5 05/10/2017 57 25.85 18,085 -2,000

Interfor Corporation Rights DSUs HERBERT, PAUL 4 30/09/2017 56 24,954 1,578

Interfor Corporation Rights DSUs HULL, JEANE 4 30/09/2017 56 23,930 1,263

Interfor Corporation Rights DSUs Lynch, Peter Matthew 4 30/09/2017 56 78,842 947

Interfor Corporation Rights DSUs MacDougall, Gordon H 4 30/09/2017 56 78,842 947

Interfor Corporation Rights DSUs McMillan, James Eddie 4 30/09/2017 56 41,654 947

Interfor Corporation Rights DSUs Milroy, Thomas Voysey 4 30/09/2017 56 10,151 1,578

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8353



Acquired/ Disposed

Interfor Corporation Rights DSUs Platt, Gillian L. 4 30/09/2017 56 4,310 947

Interfor Corporation Rights DSUs Sauder, E. Lawrence 4, 5 30/09/2017 56 63,545 1,894

Interfor Corporation Rights DSUs Whitehead, Douglas William Geoffrey

4 30/09/2017 56 33,722 947

International Battery Metals Ltd. (formerly, Rheingold Exploration Corp.)

Common Shares Anderson, Logan Bruce 4 06/10/2017 10 1.21 35,000 -50,000

InterRent Real Estate Investment Trust

Deferred Units Amirault, Paul 4 30/09/2017 56 127,516 2,563


Deferred Units Bouzanis, Paul 4 30/09/2017 56 91,826 3,204


Deferred Units Clancy, Michael Robert 5 30/09/2017 56 11,189 1,533


Deferred Units Leslie, Ronald A. 4 30/09/2017 56 113,564 3,191


Deferred Units Pangborn, Cheryl Anne 4 19/06/2017 00


Deferred Units Pangborn, Cheryl Anne 4 30/09/2017 56 2,349 2,349


Deferred Units Stone, Victor Reginald 4 30/09/2017 55 98,699 4,171

Intrinsyc Technologies Corporation

Common Shares Intrinsyc Technologies Corporation

1 02/10/2017 00



1 04/10/2017 10 1.81 2,000 2,000



1 04/10/2017 38 1.81 0 -2,000



1 05/10/2017 10 1.7 5,000 5,000



1 05/10/2017 38 1.7 0 -5,000



1 06/10/2017 10 1.8 1,000 1,000



1 06/10/2017 38 1.8 0 -1,000

Inventronics Limited Common Shares MONETTE, SERGE 3 03/10/2017 10 0.16 187,600 500

Inventus Mining Corp. Common Shares Sprott, Eric S. 3 04/10/2017 10 0.38 3,549,833 -111,500

Invictus MD Strategies Corp. Common Shares The K2 Principal Fund L.P. 3 02/10/2017 10 1.2116 5,615,200 -48,800




Jaguar Mining Inc. Common Shares Sprott, Eric S. 3 27/09/2017 11 0.327 6,545,455 2,000,000

Jamieson Wellness Inc. Options Holtham, Angela Frances 4 01/09/2017 00

Jamieson Wellness Inc. Options Holtham, Angela Frances 4 29/09/2017 50 7,899 7,899

Jamieson Wellness Inc. Options Tafler, Jason 4 26/09/2017 00

Jamieson Wellness Inc. Options Tafler, Jason 4 29/09/2017 50 7,899 7,899

Jericho Oil Corporation (fka Dakar Resource Corp.)

Common Shares Williamson, Brian 7 01/10/2017 46 175,000 25,000

Journey Energy Inc. Common Shares Boklaschuk, Brett 1 01/10/2017 57 71,316 20,669

Journey Energy Inc. Common Shares Boklaschuk, Brett 1 01/10/2017 57 72,376 1,060

Journey Energy Inc. Rights Performance Share Unit

Boklaschuk, Brett 1 01/10/2017 57 40,770 -4,890


Boklaschuk, Brett 1 01/10/2017 56 69,770 29,000

Journey Energy Inc. Rights Restricted Share Unit

Boklaschuk, Brett 1 01/10/2017 57 38,700 -39,645


Boklaschuk, Brett 1 01/10/2017 56 96,700 58,000

Journey Energy Inc. Common Shares Crone, Howard James 4 01/10/2017 57 46,509 4,071


Crone, Howard James 4 01/10/2017 57 -5,209


Crone, Howard James 4 01/10/2017 57 0 -5,208


Crone, Howard James 4 01/10/2017 56 30,000 30,000

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8354



Acquired/ Disposed

Journey Energy Inc. Common Shares Gilewicz, Gerald 5 01/10/2017 57 87,456 47,920

Journey Energy Inc. Common Shares Gilewicz, Gerald 5 01/10/2017 57 90,832 3,376


Gilewicz, Gerald 5 01/10/2017 57 50,845 -8,100


Gilewicz, Gerald 5 01/10/2017 56 88,845 38,000


Gilewicz, Gerald 5 01/10/2017 57 48,200 -47,750


Gilewicz, Gerald 5 01/10/2017 56 124,200 76,000


Hamilton, Glenn A. 4 20/06/2017 00


Hamilton, Glenn A. 4 01/10/2017 56 30,000 30,000

Journey Energy Inc. Common Shares Journey Energy Inc. 1 27/09/2017 38 1.7 1,259,900 1,259,900

Journey Energy Inc. Common Shares Journey Energy Inc. 1 27/09/2017 38 0 -1,259,900


Laustsen, Dana Bruce 4 19/06/2014 00


Laustsen, Dana Bruce 4 01/10/2017 56 30,000 30,000

Journey Energy Inc. Common Shares Moore, Terry John 5 01/10/2017 57 167,646 24,225

Journey Energy Inc. Common Shares Moore, Terry John 5 01/10/2017 57 169,185 1,539


Moore, Terry John 5 01/10/2017 57 42,293 -7,100


Moore, Terry John 5 01/10/2017 56 71,293 29,000


Moore, Terry John 5 01/10/2017 57 40,050 -42,100


Moore, Terry John 5 01/10/2017 56 98,050 58,000

Journey Energy Inc. Common Shares Polini, Anthony Victor 5 01/10/2017 57 66,944 27,252

Journey Energy Inc. Common Shares Polini, Anthony Victor 5 01/10/2017 57 68,375 1,431


Polini, Anthony Victor 5 01/10/2017 57 40,770 -6,600


Polini, Anthony Victor 5 01/10/2017 56 69,770 29,000


Polini, Anthony Victor 5 01/10/2017 57 38,700 -40,500


Polini, Anthony Victor 5 01/10/2017 56 96,700 58,000


Shay, Ryan 4 24/05/2017 00


Shay, Ryan 4 01/10/2017 56 30,000 30,000

Journey Energy Inc. Common Shares Verge, Alexander G. 4, 5 27/09/2017 10 1.71 300,000

Journey Energy Inc. Common Shares Verge, Alexander G. 4, 5 27/09/2017 10 1.7 1,844,495 300,000

Journey Energy Inc. Common Shares Verge, Alexander G. 4, 5 01/10/2017 57 1,901,789 57,294

Journey Energy Inc. Common Shares Verge, Alexander G. 4, 5 01/10/2017 57 1,906,624 4,835


Verge, Alexander G. 4, 5 01/10/2017 57 64,500 -11,600


Verge, Alexander G. 4, 5 01/10/2017 56 114,500 50,000


Verge, Alexander G. 4, 5 01/10/2017 57 58,750 -57,050


Verge, Alexander G. 4, 5 01/10/2017 56 158,750 100,000

Karnalyte Resources Inc. Common Shares Matson, Peter David 4 28/09/2017 10 0.62 509,900 5,000

Killam Apartment Real Estate Investment Trust

Trust Units Watson, Wayne 4 04/10/2017 10 13.21 3,686 250

Kinaxis Inc. Common Shares Carreiro, Paul 5 03/10/2017 00

Kinaxis Inc. Options Carreiro, Paul 5 03/10/2017 00



Kingsway Financial Services Inc.

Common Shares Baqar, Hassan Raza 5 29/09/2017 10 6.0886 35,690 162

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8355



Acquired/ Disposed


Common Shares Fitzgerald, John Taylor Maloney Fitzgerald

4, 5 29/09/2017 10 6.0886 367,279 272


Common Shares Hickey, William A. 5 29/09/2017 10 6.0886 72,574 246


Common Shares Stilwell, Joseph David 4 29/09/2017 10 6.0995 311,053 1,386


Common Shares Stilwell, Joseph David 4 29/09/2017 10 6.0995 2,516,704 8,714


Common Shares Swets, Jr., Larry Gene 3, 4, 5 29/09/2017 10 6.0886 704,416 341

Kinross Gold Corporation Rights Deferred Share Units

Atkinson, Ian 4 30/09/2017 46 5.29 39,592 5,671


Brough, John A. 4 30/09/2017 46 5.29 257,963 13,941

Kinross Gold Corporation Common Shares Etter, Gregory Van 5 03/10/2017 10 4.22 4,134 -4,551


Huxley, John M.H. 4 30/09/2017 46 5.29 222,449 6,498


Lethbridge, Ave Gabriella 4 30/09/2017 46 5.29 117,859 11,578


McLeod-Seltzer, Catherine 4 30/09/2017 46 5.29 186,091 6,026


Oliver, John Edwin 4, 5 30/09/2017 46 5.29 375,421 10,515


Osborne, Kelly 4 30/09/2017 46 5.29 91,365 11,342


Power, Una Marie 4 30/09/2017 46 5.29 254,191 5,789

Knight Therapeutics Inc. Common Shares Khouri, Amal 5 15/06/2017 30 9.83 100,172 627

Knight Therapeutics Inc. Common Shares Khouri, Amal 5 15/06/2017 30 100,282 110

Knight Therapeutics Inc. Common Shares Khouri, Amal 5 15/09/2017 30 8.72 100,991 709

Knight Therapeutics Inc. Common Shares Khouri, Amal 5 15/09/2017 30 101,094 103

Knight Therapeutics Inc. Common Shares Sakhia, Samira 4, 5 15/09/2017 30 8.72 19,006 810

Kontrol Energy Corp. Common Shares Del Vasto, Claudio 4 29/09/2017 54 0.3 577,160 100,000

Kontrol Energy Corp. Warrants Del Vasto, Claudio 4 29/09/2017 54 0.3 24,000 -100,000

Kontrol Energy Corp. Common Shares Smith, Steve 4, 5 02/10/2017 16 0.6 921,810 25,000

Kontrol Energy Corp. Warrants Smith, Steve 4, 5 02/10/2017 53 0.8 75,000 25,000

KYC Technology Inc Common Shares Wettreich, Daniel 3 11/09/2017 00

KYC Technology Inc Common Shares Wettreich, Daniel 3 11/09/2017 00 1,296,754

KYC Technology Inc Common Shares Wettreich, Daniel 3 05/10/2017 11 0.04 1,596,754 300,000

LEAGOLD MINING CORPORATION

Deferred Share Units Ball, Russell David 4 03/10/2017 56 2.518 65,843 7,446


Deferred Share Units Campbell, Gordon 4 03/10/2017 56 2.518 75,064 7,446


Deferred Share Units Clark, Wesley Kanne 4 03/10/2017 56 2.518 77,120 7,446


Deferred Share Units Garel-Jones, Tristan William, Armand, Thomas

4 03/10/2017 56 2.518 60,555 7,446


Deferred Share Units Giustra, Frank 4 03/10/2017 56 2.518 77,120 7,446


Deferred Share Units Rodriguez, Miguel 4 03/10/2017 56 2.518 77,120 7,446

LiCo Energy Metals Inc. Common Shares LOEWEN, RON 3 28/09/2017 10 0.105 9,573,581 -61,000



Lightning Ventures Inc. Common Shares Rainwater, Donald 4, 6, 5 28/09/2017 11 7,901,391

Lightning Ventures Inc. Common Shares Rainwater, Donald 4, 6, 5 28/09/2017 11 7,901,391

Linamar Corporation Options Bennett, Ronald Dale 4 03/10/2017 51 14.7 0 -2,400

Linamar Corporation Common Shares McDougall, Kenneth 5 03/10/2017 10 78.74 3,769 -2,500

LIONS GATE ENTERTAINMENT CORP.

Common Shares Class A Voting

Barge, James 5 04/10/2017 46 38,913 3,125



Barge, James 5 04/10/2017 30 32.2 37,282 -1,631


Non-Voting Shares Class B

Barge, James 5 30/09/2017 30 31.79 -13,045

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8356



Acquired/ Disposed



Barge, James 5 30/09/2017 30 31.79 -13,045



Barge, James 5 30/09/2017 30 31.79 122,743 -13,045



Barge, James 5 04/10/2017 46 125,868 3,125



Barge, James 5 04/10/2017 30 30.85 124,237 -1,631


Options Barge, James 5 04/10/2017 56 38.76 194,380 21,495


Options Barge, James 5 04/10/2017 56 37.47 194,380 21,495


Rights Share Appreciation Barge, James 5 04/10/2017 56 25.22 531,250 106,250



Crawford, Gordon 4 01/10/2017 46 32.12 171,343 476



Crawford, Gordon 4 01/10/2017 46 30.82 206,453 496



Evrensel, Arthur 4 01/10/2017 46 32.12 23,580 255



Evrensel, Arthur 4 01/10/2017 30 32.12 23,562 -18



Evrensel, Arthur 4 01/10/2017 46 30.82 23,640 266



Evrensel, Arthur 4 01/10/2017 30 30.82 23,621 -19



Fine, Emily 4 01/10/2017 46 32.12 2,591 520



Fine, Emily 4 01/10/2017 46 30.82 2,664 542



Goldsmith, Brian 5 30/09/2017 30 33.45 -4,892



Goldsmith, Brian 5 30/09/2017 30 33.45 -4,892



Goldsmith, Brian 5 30/09/2017 30 33.45 74,681 -4,892



Goldsmith, Brian 5 04/10/2017 46 84,056 9,375



Goldsmith, Brian 5 04/10/2017 30 32.2 79,164 -4,892



Goldsmith, Brian 5 30/09/2017 30 31.79 -4,982



Goldsmith, Brian 5 30/09/2017 30 31.79 -4,982



Goldsmith, Brian 5 30/09/2017 30 31.79 74,641 -4,892



Goldsmith, Brian 5 04/10/2017 46 84,016 9,375



Goldsmith, Brian 5 04/10/2017 30 30.85 79,124 -4,892


Options Goldsmith, Brian 5 04/10/2017 56 39.16 230,310 16,582


Options Goldsmith, Brian 5 04/10/2017 56 37.86 230,310 16,582


Options Goldsmith, Brian 5 04/10/2017 56 1


Options Goldsmith, Brian 5 04/10/2017 56 1



Paterson, G. Scott 4 01/10/2017 46 32.12 550



Paterson, G. Scott 4 01/10/2017 46 32.12 550



Paterson, G. Scott 4 01/10/2017 30 32.12 -138



Paterson, G. Scott 4 01/10/2017 30 32.12 -138

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8357



Acquired/ Disposed



Paterson, G. Scott 4 01/10/2017 46 32.12 550



Paterson, G. Scott 4 01/10/2017 46 32.12 550



Paterson, G. Scott 4 01/10/2017 30 32.12 -138



Paterson, G. Scott 4 01/10/2017 30 32.12 -138



Paterson, G. Scott 4 01/10/2017 46 32.12 121,829 550



Paterson, G. Scott 4 01/10/2017 30 32.12 121,691 -138



Paterson, G. Scott 4 01/10/2017 46 30.82 573



Paterson, G. Scott 4 01/10/2017 46 30.82 573



Paterson, G. Scott 4 01/10/2017 30 30.82 -143



Paterson, G. Scott 4 01/10/2017 30 30.82 -143



Paterson, G. Scott 4 01/10/2017 46 30.82 121,918 573



Paterson, G. Scott 4 01/10/2017 30 30.82 121,775 -143



Rachesky, Dr. Mark H. 3, 4, 6 01/10/2017 46 32.12 34,232 564



Rachesky, Dr. Mark H. 3, 4, 6 01/10/2017 46 30.82 34,396 587



Simm, Daryl 4 01/10/2017 46 32.12 38,216 266



Simm, Daryl 4 01/10/2017 46 30.82 38,290 277



SIMMONS, HARDWICK 4 01/10/2017 46 32.12 46,479 299



SIMMONS, HARDWICK 4 01/10/2017 46 30.82 46,560 311

Loblaw Companies Limited Common Shares Loblaw Companies Limited 1 05/09/2017 38 65.205 888,200 128,000

Loblaw Companies Limited Common Shares Loblaw Companies Limited 1 06/09/2017 38 65.104 1,016,200 128,000








Loblaw Companies Limited Common Shares Loblaw Companies Limited 1 15/09/2017 38 256,000 -1,771,800











Loblaw Companies Limited Common Shares Loblaw Companies Limited 1 29/09/2017 38 741,950 -926,000

Logistec Corporation Subordinate Voting Shares Class B

LOGISTEC CORPORATION

1 06/09/2017 38 37.26 500 500



1 21/09/2017 38 38.15 600 100



1 29/09/2017 38 0 -600

Lotus Ventures Inc. Common Shares Borys Busby, Miriam 3 02/10/2017 10 0.29 4,607,335 -1,500

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8358



Acquired/ Disposed



LXRandCo, Inc. (formerly Gibraltar Growth Corporation)

Options di PRATA, Camillo 5 25/09/2015 00






Options di PRATA, Camillo 5 09/06/2017 50 3,754 3,754


Options di PRATA, Camillo 5 09/06/2017 50 20,027 16,273


Options di PRATA, Camillo 5 02/10/2017 38 19,751 -276


Class B Shares Gibraltar & Company, Inc. 3 02/10/2017 38 588,642 -8,240


Options Inamura, Masami 4 02/10/2017 38 3,088 -43


Class B Shares Izawa, Kei 4 09/06/2009 00


Class B Shares Izawa, Kei 4 09/06/2017 00 458,408


Class B Shares Izawa, Kei 4 02/10/2017 38 452,078 -6,330


Options Izawa, Kei 4 09/06/2009 00


Options Izawa, Kei 4 09/06/2017 00 20,027


Options Izawa, Kei 4 02/10/2017 38 19,751 -276


Class B Shares Mannella, Frederick 4 02/10/2017 38 3,966,884 -55,623


Options Mannella, Frederick 4 02/10/2017 38 19,751 -276


Class B Shares Mannella, Luc 4 02/10/2017 38 64,278 -897


Options Mannella, Luc 4 02/10/2017 38 16,049 -225


Options San Juan, Javier 4 25/09/2015 00






Options San Juan, Javier 4 09/06/2017 50 32,488 32,488

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8359



Acquired/ Disposed


Options San Juan, Javier 4 02/10/2017 38 32,039 -449


Class B Shares Stepak, Jeremy 5 25/09/2015 00


Class B Shares Stepak, Jeremy 5 09/06/2017 00

MacDonald, Dettwiler and Associates Ltd.

(DSUs, DRSUs, SARs) Chookaszian, Dennis 4 30/09/2017 46 17,465 567


(DSUs, DRSUs, SARs) Garver, Lori 4 30/09/2017 46 3,046 492


(DSUs, DRSUs, SARs) Kehler, Robert 4 30/09/2017 46 1,923 487


(DSUs, DRSUs, SARs) Kenning, Brian Graham 4 30/09/2017 46 11,854 539


(DSUs, DRSUs, SARs) O'Rourke Isham, Joanne 4 30/09/2017 46 1,923 487


(DSUs, DRSUs, SARs) Phillips, Robert L. 4 30/09/2017 46 27,743 788


(DSUs, DRSUs, SARs) Zahler, Eric 4 30/09/2017 46 7,011 895

Mag One Products Inc. Common Shares Skalbania, Nelson Mathew 4 28/09/2017 11 0.2 -1,500,000

Mag One Products Inc. Common Shares Skalbania, Nelson Mathew 4 29/09/2017 11 0.2 996,000 -1,500,000

Mag One Products Inc. Common Shares Skalbania, Nelson Mathew 4 02/10/2017 10 0.4 846,000 -150,000

Magna International Inc. Rights Deferred Share Units

Bonham, Scott Barclay 4 10/05/2012 00


Bonham, Scott Barclay 4 06/10/2017 99 49,298 49,298

Magna International Inc. Units Deferred Share Units

Bonham, Scott Barclay 4 15/09/2017 35 51.01 47,724 256






Bonham, Scott Barclay 4 06/10/2017 99 0 -49,298


Bowie, Peter Guy 4 10/05/2012 00


Bowie, Peter Guy 4 06/10/2017 99 37,179 37,179


Bowie, Peter Guy 4 15/09/2017 35 51.01 36,022 193


Bowie, Peter Guy 4 30/09/2017 56 53.38 36,359 337


Bowie, Peter Guy 4 01/10/2017 56 53.38 37,179 820


Bowie, Peter Guy 4 06/10/2017 99 0 -37,179


Chan, Mary Shio 4 10/08/2017 00


Chan, Mary Shio 4 06/10/2017 99 2,175 2,175


Chan, Mary Shio 4 15/09/2017 35 51.01 526 3


Chan, Mary Shio 4 30/09/2017 56 53.38 901 375


Chan, Mary Shio 4 01/10/2017 56 53.38 2,175 1,274


Chan, Mary Shio 4 06/10/2017 99 0 -2,175


Judge, Barbara Thomas 4 20/09/2007 00


Judge, Barbara Thomas 4 06/10/2017 99 120,225 120,225

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8360



Acquired/ Disposed


Judge, Barbara Thomas 4 15/09/2017 35 51.01 118,759 637


Judge, Barbara Thomas 4 30/09/2017 56 53.38 119,171 412


Judge, Barbara Thomas 4 01/10/2017 56 53.38 120,225 1,054


Judge, Barbara Thomas 4 06/10/2017 99 0 -120,225


Lauk, Kurt 4 04/05/2011 00


Lauk, Kurt 4 06/10/2017 99 27,834 27,834


Lauk, Kurt 4 15/09/2017 35 51.01 27,413 147


Lauk, Kurt 4 01/10/2017 56 53.38 27,834 421


Lauk, Kurt 4 06/10/2017 99 0 -27,834

Magna International Inc. Common Shares Magna International Inc. 1 01/09/2017 38 60.976 759,261 59,500


Magna International Inc. Common Shares Magna International Inc. 1 01/09/2017 38 562,735 -250,000









































Insider Reporting

October 12, 2017

(2017), 40 OSCB 8361



Acquired/ Disposed
















Niekamp, Cynthia 4 08/05/2014 00


Niekamp, Cynthia 4 06/10/2017 99 7,319 7,319


Niekamp, Cynthia 4 15/09/2017 35 51.01 6,898 37


Niekamp, Cynthia 4 01/10/2017 56 53.38 7,319 421


Niekamp, Cynthia 4 06/10/2017 99 0 -7,319


RUH, WILLIAM ANTHONY 4 11/05/2017 00


RUH, WILLIAM ANTHONY 4 06/10/2017 99 2,849 2,849


RUH, WILLIAM ANTHONY 4 15/09/2017 35 51.01 1,917 10






RUH, WILLIAM ANTHONY 4 06/10/2017 99 0 -2,849


Samarasekera, Indira Vasanti

4 08/05/2014 00



4 06/10/2017 99 20,979 20,979



4 15/09/2017 35 51.01 19,673 106



4 30/09/2017 56 53.38 20,160 487



4 01/10/2017 56 53.38 20,979 819



4 06/10/2017 99 0 -20,979


Worrall, Lawrence 4 07/11/2005 00


Worrall, Lawrence 4 06/10/2017 99 52,884 52,884


Worrall, Lawrence 4 15/09/2017 35 51.01 52,463 281


Worrall, Lawrence 4 01/10/2017 56 53.38 52,884 421


Worrall, Lawrence 4 06/10/2017 99 0 -52,884


Young, William 4 04/05/2011 00


Young, William 4 06/10/2017 99 86,158 86,158


Young, William 4 15/09/2017 35 51.01 83,816 449

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8362



Acquired/ Disposed


Young, William 4 01/10/2017 56 53.38 86,158 2,342


Young, William 4 06/10/2017 99 0 -86,158

Magnum Goldcorp Inc. Common Shares Evans, Daniel Bernard 4 10/05/2016 11 2,447,804 917,804

Magnum Goldcorp Inc. Common Shares Evans, Daniel Bernard 4 10/05/2016 11 511,865 511,865

Magnum Goldcorp Inc. Common Shares Evans, David Herbert 4 10/05/2016 11 3,617,385 1,867,385

Magnum Goldcorp Inc. Common Shares Evans, David Herbert 4 02/08/2011 00

Magnum Goldcorp Inc. Common Shares Evans, David Herbert 4 10/05/2016 11 134,559 134,559

Magnum Goldcorp Inc. Common Shares Mason, Douglas Lawrence 4 28/09/2017 10 0.055 2,658,985 50,000



Mainstreet Equity Corp. Common Shares Mainstreet Equity Corp 1 01/09/2017 38 37 4,060,802 100

Mainstreet Equity Corp. Common Shares Mainstreet Equity Corp 1 01/09/2017 38 37 4,060,702 -100

Mainstreet Equity Corp. Common Shares Mainstreet Equity Corp 1 05/09/2017 38 37 4,061,761 1,059

Mainstreet Equity Corp. Common Shares Mainstreet Equity Corp 1 05/09/2017 38 37 4,060,702 -1,059

Mainstreet Equity Corp. Common Shares Mainstreet Equity Corp 1 07/09/2017 38 36.989 4,061,761 1,059

Mainstreet Equity Corp. Common Shares Mainstreet Equity Corp 1 07/09/2017 38 36.989 4,060,702 -1,059



Mainstreet Equity Corp. Common Shares Mainstreet Equity Corp 1 12/09/2017 38 36.91 4,061,402 700

Mainstreet Equity Corp. Common Shares Mainstreet Equity Corp 1 12/09/2017 38 36.91 4,060,702 -700

















Mainstreet Health Investments Inc. (formerly, Kingsway Arms Retirement Residences Inc.)


amadori, dan peter 4 30/09/2017 56 8,375 1,746



Benbow, Bradley 4 30/09/2017 56 16,176 3,683



Hawkins, Shaun 4 30/09/2017 56 21,460 4,408



Turner, Thomas Richard 4 30/09/2017 56 6,664 1,431

Manitex Capital Inc. Options Saviuk, Steve 4, 6, 5 05/09/2017 52 0 -500,000

Manitex Capital Inc. Options Saviuk, Steve 4, 6, 5 29/09/2017 50 0.42 600,000 600,000

Manitok Energy Inc. Common Shares Geremia, Massimo Mario 5 03/10/2017 30 0.0652 368,969 27,593

Manitok Energy Inc. Common Shares Jerhoff, Timothy Franklin 5 03/10/2017 30 0.0652 345,909 25,869

Manitok Energy Inc. Common Shares Martin, Donald Robert 5 03/10/2017 30 0.0652 321,946 24,144

Manitok Energy Inc. Common Shares PERRY, RODGER DEAN 5 03/10/2017 30 0.0652 287,101 21,845

Manulife Financial Corporation

Deferred Share Units Ambrose, Ronalee Hope 4 30/09/2017 46 25.22 617 617

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8363



Acquired/ Disposed


Deferred Share Units Caron, Joseph Peter 4 30/09/2017 46 25.22 39,403 925


Deferred Share Units Caron, Joseph Peter 4 30/09/2017 30 39,732 329


Deferred Share Units Cassaday, John M. 4 30/09/2017 46 25.22 153,533 1,499


Deferred Share Units Cassaday, John M. 4 30/09/2017 30 154,822 1,289


Deferred Share Units Dabarno, Susan Fay 4 30/09/2017 46 25.22 3,580 382


Deferred Share Units Dabarno, Susan Fay 4 30/09/2017 30 3,609 29


Deferred Share Units DeWolfe, Richard B. 4 30/09/2017 30 138,199 1,158


Deferred Share Units Fraser, Sheila Sarah Margaret

4 30/09/2017 46 25.22 47,721 925


Deferred Share Units Fraser, Sheila Sarah Margaret

4 30/09/2017 30 48,120 399


Deferred Share Units Helms, Luther Sherman 4 30/09/2017 46 25.22 85,965 1,215


Deferred Share Units Helms, Luther Sherman 4 30/09/2017 30 86,686 721


Deferred Share Units Helms, Luther Sherman 4 30/09/2017 46 25.22 2,443


Deferred Share Units Helms, Luther Sherman 4 30/09/2017 46 25.22 2,443


Deferred Share Units Hsieh, Tsun-Yan 4 30/09/2017 46 25.22 71,164 2,443


Deferred Share Units Hsieh, Tsun-Yan 4 30/09/2017 30 71,753 589


Deferred Share Units Jenkins, P. Thomas 4 30/09/2017 46 25.22 34,349 2,542


Deferred Share Units Jenkins, P. Thomas 4 30/09/2017 30 34,626 277


Deferred Share Units Kimmet, Pamela O'Brien 4 30/09/2017 46 25.22 7,298 925


Deferred Share Units Kimmet, Pamela O'Brien 4 30/09/2017 30 7,355 57


Deferred Share Units Lindsay, Donald Richard 4 30/09/2017 46 25.22 51,257 1,184


Deferred Share Units Lindsay, Donald Richard 4 30/09/2017 30 51,684 427


Common Shares Lorentz, Paul 5 01/10/2017 97 5,360 1,240


Common Shares Lorentz, Paul 5 01/10/2017 97 0 -1,148


Options Lorentz, Paul 5 01/10/2017 97 306,843 241,571


Rights Performance Share Units (PSU)

Lorentz, Paul 5 01/03/2006 00 36,351


Rights Restricted Share Units (RSU)

Lorentz, Paul 5 01/03/2006 00 36,351


Deferred Share Units Palmer, John Ralph Vernon 4 30/09/2017 46 25.22 75,583 925


Deferred Share Units Palmer, John Ralph Vernon 4 30/09/2017 30 76,217 634


Deferred Share Units Prieur, Claude. James 4 30/09/2017 46 25.22 63,355 3,159


Deferred Share Units Prieur, Claude. James 4 30/09/2017 30 63,848 493


Deferred Share Units Rosen, Andrea Sarah 4 30/09/2017 46 25.22 79,551 2,431


Deferred Share Units Rosen, Andrea Sarah 4 30/09/2017 30 80,211 660


Common Shares Thomson, Warren A. 5 19/09/2017 30 24.3 38,160 318

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8364



Acquired/ Disposed


Common Shares Thomson, Warren A. 5 19/09/2017 30 24.3 10,224 85


Deferred Share Units Webster, Lesley Daniels 4 30/09/2017 46 25.22 40,986 925


Deferred Share Units Webster, Lesley Daniels 4 30/09/2017 30 41,328 342

Maple Leaf Foods Inc. Common Shares Maple Leaf Foods Inc. 1 29/09/2017 38 33.928 29,700 29,700

Maple Leaf Foods Inc. Common Shares Maple Leaf Foods Inc. 1 29/09/2017 38 0 -29,700

Maple Leaf Foods Inc. Common Shares Maple Leaf Foods Inc. 1 02/10/2017 38 34 1,600 1,600

Maple Leaf Foods Inc. Common Shares Maple Leaf Foods Inc. 1 02/10/2017 38 0 -1,600

Maple Leaf Foods Inc. Common Shares McCain, Michael Harrison 4, 5 17/05/2017 90 176,300

Maple Leaf Foods Inc. Common Shares McCain, Michael Harrison 4, 5 17/05/2017 90 46,983,606 176,300

Maple Leaf Foods Inc. Rights PSU - Performance Share Units settled with market shares

Young, Richard 5 01/10/2017 56 22,490 6,100

Marathon Gold Corporation Options Borst, Robbert Hans 7 02/10/2017 00 200,000

Marathon Gold Corporation Common Shares Faught, George D. 4 04/10/2017 10 1.05 847,450 50,000

Maricann Group Inc. Options Langille, Scott 5 02/10/2017 00

Maricann Group Inc. Options Langille, Scott 5 02/10/2017 50 1.52 250,000 250,000

Mason Graphite Inc. Common Shares Marcotte, Simon 5 03/10/2017 10 2.13 1,361,800 1,300

Mason Graphite Inc. Common Shares Neill, Alastair 4 05/10/2017 51 0.6 32,560 10,000

Mason Graphite Inc. Options Neill, Alastair 4 05/10/2017 51 0.6 390,000 -10,000

Matamec Explorations Inc. Options Biron, François 5 28/08/2015 00

Matamec Explorations Inc. Options Biron, François 5 08/09/2017 00

Maxar Technologies Ltd. Common Shares Zahler, Eric 4 05/10/2017 22 73.4 1,313 313

MBN Corporation Units MBN Corporation 1 04/10/2017 38 5.9 300 300

MBN Corporation Units MBN Corporation 1 04/10/2017 38 0 -300

MCAN Mortgage Corporation Common Shares Bouganim, Jeffrey Joseph 5 29/09/2017 30 15.111 6,686 138

MCAN Mortgage Corporation Common Shares Bouganim, Jeffrey Joseph 5 29/09/2017 30 15.111 2,889 59

MCAN Mortgage Corporation Performance Share Units Bouganim, Jeffrey Joseph 5 29/09/2017 30 15.487 14,594 120

MCAN Mortgage Corporation Performance Share Units Bouganim, Jeffrey Joseph 5 29/09/2017 30 15.487 14,773 179

MCAN Mortgage Corporation Restricted Share Units Bouganim, Jeffrey Joseph 5 29/09/2017 30 15.487 7,109 143

MCAN Mortgage Corporation Common Shares Cuthbert, Verna 4 05/10/2017 30 15.111 6,050 125

MCAN Mortgage Corporation Deferred Share Units Jandrisits, William John 4, 7, 5 29/09/2017 30 15.49 1,170

MCAN Mortgage Corporation Deferred Share Units Jandrisits, William John 4, 7, 5 29/09/2017 30 15.49 57,789 1,170

MCAN Mortgage Corporation Deferred Share Units Jandrisits, William John 4, 7, 5 30/09/2017 30 15.49 1,170

MCAN Mortgage Corporation Performance Deferred Share Units

Jandrisits, William John 4, 7, 5 29/09/2017 30 15.487 20,010 203

MCAN Mortgage Corporation Performance Deferred Share Units

Jandrisits, William John 4, 7, 5 29/09/2017 30 15.487 20,216 206

MCAN Mortgage Corporation Performance Share Units Jandrisits, William John 4, 7, 5 29/09/2017 30 15.487 3,036 62

MCAN Mortgage Corporation Restricted Share Units Jandrisits, William John 4, 7, 5 29/09/2017 30 15.487 254

MCAN Mortgage Corporation Restricted Share Units Jandrisits, William John 4, 7, 5 29/09/2017 30 15.487 12,533 254

MCAN Mortgage Corporation Restricted Share Units Jandrisits, William John 4, 7, 5 30/09/2017 30 15.487 254

MCAN Mortgage Corporation Common Shares Lai, Paco 5 29/09/2017 35 15.111 1,360 30

MCAN Mortgage Corporation Common Shares Lai, Paco 5 03/10/2017 30 15.194 1,526 166

MCAN Mortgage Corporation Performance Share Units Lum, Jeffrey 5 29/09/2017 30 15.487 6,886 64

MCAN Mortgage Corporation Performance Share Units Lum, Jeffrey 5 29/09/2017 30 15.487 6,962 76

MCAN Mortgage Corporation Performance Share Units Lum, Jeffrey 5 30/09/2017 30 15.487 65

Mediagrif Interactive Technologies Inc.

Common Shares Anglaret, Stéphane 5 30/09/2017 30 22,085 236


Common Shares Bourque, Paul 5 30/09/2017 30 24,257 103


Common Shares Delaney, Eric 5 30/09/2017 30 2,110 71


Common Shares Hallak, Hélène 5 30/09/2017 30 70,392 136


Common Shares Moquin, Suzanne 5 30/09/2017 30 1,605 117


Common Shares Rousseau, Camil 5 30/09/2017 30 13,775 102

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8365



Acquired/ Disposed


Common Shares Roy, Claude 3, 4, 5 30/09/2017 30 44,631 379


Common Shares Stam, Jean-Michel 5 30/09/2017 30 16,059 348


Common Shares Technologies Interactives Mediagrif Inc.

1 11/09/2017 38 13.45 200 200



1 11/09/2017 38 13.45 0 -200



1 11/09/2017 38 13.44 300 300



1 11/09/2017 38 13.44 0 -300



1 11/09/2017 38 13.11 200 200



1 11/09/2017 38 13.11 0 -200



1 12/09/2017 38 13.22 100 100



1 12/09/2017 38 13.22 0 -100



1 13/09/2017 38 13.39 500 500



1 13/09/2017 38 13.39 0 -500



1 13/09/2017 38 13.5 200 200



1 13/09/2017 38 13.5 0 -200



1 14/09/2017 38 13.44 400 400



1 14/09/2017 38 13.44 0 -400



1 14/09/2017 38 13.49 400 400



1 14/09/2017 38 13.49 0 -400



1 14/09/2017 38 13.5 200 200



1 14/09/2017 38 13.5 0 -200



1 15/09/2017 38 13.43 200 200



1 15/09/2017 38 13.43 0 -200



1 15/09/2017 38 13.45 1,000 1,000



1 15/09/2017 38 13.45 0 -1,000



1 15/09/2017 38 13.5 200 200



1 15/09/2017 38 13.5 0 -200



1 18/09/2017 38 13.3 300 300



1 18/09/2017 38 13.3 0 -300



1 18/09/2017 38 13.34 400 400



1 18/09/2017 38 13.34 0 -400



1 18/09/2017 38 13.4 300 300



1 18/09/2017 38 13.4 0 -300



1 18/09/2017 38 13.45 300 300

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8366



Acquired/ Disposed



1 18/09/2017 38 13.45 0 -300



1 19/09/2017 38 13.45 600 600



1 19/09/2017 38 13.45 0 -600



1 19/09/2017 38 13.48 100 100



1 19/09/2017 38 13.48 0 -100



1 19/09/2017 38 13.49 700 700



1 19/09/2017 38 13.49 0 -700



1 19/09/2017 38 13.5 400 400



1 19/09/2017 38 13.5 0 -400



1 20/09/2017 38 13.5 25,000 25,000



1 20/09/2017 38 13.5 0 -25,000



1 21/09/2017 38 13.45 300 300



1 21/09/2017 38 13.45 0 -300



1 21/09/2017 38 13.47 400 400



1 21/09/2017 38 13.47 0 -400



1 21/09/2017 38 13.5 300 300



1 21/09/2017 38 13.5 0 -300



1 21/09/2017 38 13.51 300 300



1 21/09/2017 38 13.51 0 -300



1 21/09/2017 38 13.58 100 100



1 21/09/2017 38 13.58 0 -100



1 22/09/2017 38 13.5 300 300



1 22/09/2017 38 13.5 0 -300



1 22/09/2017 38 13.52 100 100



1 22/09/2017 38 13.52 0 -100



1 25/09/2017 38 13.57 400 400



1 25/09/2017 38 13.57 0 -400



1 26/09/2017 38 13.48 500 500



1 26/09/2017 38 13.48 0 -500



1 27/09/2017 38 13.43 1,100 1,100



1 27/09/2017 38 13.43 0 -1,100



1 28/09/2017 38 13.5 300 300



1 28/09/2017 38 13.5 0 -300

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8367



Acquired/ Disposed



1 28/09/2017 38 13.48 100 100



1 28/09/2017 38 13.48 0 -100



1 28/09/2017 38 13.41 600 600



1 28/09/2017 38 13.41 0 -600



1 28/09/2017 38 13.4 300 300



1 28/09/2017 38 13.4 0 -300



1 28/09/2017 38 13.35 100 100



1 28/09/2017 38 13.35 0 -100



1 29/09/2017 38 13.36 300 300



1 29/09/2017 38 13.36 0 -300



1 29/09/2017 38 13.42 100 100



1 29/09/2017 38 13.42 0 -100



1 29/09/2017 38 13.44 100 100



1 29/09/2017 38 13.44 0 -100



1 29/09/2017 38 13.46 300 300



1 29/09/2017 38 13.46 0 -300



1 29/09/2017 38 13.5 300 300



1 29/09/2017 38 13.5 0 -300

Memex Inc. Common Shares Chafee, Robert Edward 4 26/09/2017 11 0.16 1,990,601 156,250

Memex Inc. Common Shares Chafee, Robert Edward 4 26/09/2017 53 0.25 78,125

Memex Inc. Common Shares Chafee, Robert Edward 4 26/09/2017 53 0.25 78,125

Memex Inc. Warrants Chafee, Robert Edward 4 21/11/2013 00

Memex Inc. Warrants Chafee, Robert Edward 4 26/09/2017 16 78,125 78,125

Mercer International Inc. Common Shares Lee, Jimmy S.H. 4, 5 02/10/2017 10 11.812 2,105,548 -10,000



Methanex Corporation Rights Deferred Share Units

Arnell, Douglas James 4 30/09/2017 56 2,815 355

Methanex Corporation Common Shares Methanex Corporation 1 01/09/2017 38 63.968 25,000 25,000

















Insider Reporting

October 12, 2017

(2017), 40 OSCB 8368



Acquired/ Disposed




Methanex Corporation Common Shares Methanex Corporation 1 29/09/2017 38 0 -695,400


Poole, Albert Terence 4 30/09/2017 56 62,497 473


Warmbold, Benita Marie 4 30/09/2017 56 3,142 473

Metro inc. Unités d'actions différées/Deferred Stock Units

Bertrand, Maryse 4 30/09/2017 56 41.944 5,515 323


Bertrand, Maryse 4 30/09/2017 35 40.06 5,536 21


Coyles, Stephanie 4 30/09/2017 56 41.944 6,646 619


Coyles, Stephanie 4 30/09/2017 35 40.06 6,670 24


DESERRES, MARC 4 30/09/2017 56 41.944 40,642 351


DESERRES, MARC 4 30/09/2017 35 40.06 40,805 163


Dussault, Claude 4 30/09/2017 56 41.944 35,629 316


Dussault, Claude 4 30/09/2017 35 40.06 35,772 143






GUAY, Marc 4 30/09/2017 56 41.944 3,285 466


GUAY, Marc 4 30/09/2017 35 40.06 3,296 11


HAUB, Christian W.E. 4 30/09/2017 56 41.944 49,312 605


HAUB, Christian W.E. 4 30/09/2017 35 40.06 49,510 198


Labonté, Michel 4 30/09/2017 56 41.944 33,334 364


Labonté, Michel 4 30/09/2017 35 40.06 33,468 134


Magee, Christine 4 30/09/2017 56 41.944 4,070 619


Magee, Christine 4 30/09/2017 35 40.06 4,084 14


Nadeau, Marie-Jose 4 30/09/2017 56 41.944 35,361 182


Nadeau, Marie-Jose 4 30/09/2017 35 40.06 35,504 143

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8369



Acquired/ Disposed


Raymond, Réal 4 30/09/2017 35 40.06 32,030 129


Raymond, Réal 4 30/09/2017 56 41.944 32,715 685


Rivard, Line 4 30/09/2017 56 41.944 11,026 619


Rivard, Line 4 30/09/2017 35 40.06 11,068 42

Middlefield Healthcare & Life Sciences Dividend Fund

Trust Units Middlefield Healthcare & Life Sciences Dividend Fund

1 29/09/2017 38 9.8025 75,000 8,700



1 03/10/2017 38 9.8133 76,500 1,500



1 04/10/2017 38 9.93 76,600 100

Middlefield Healthcare & Wellness Dividend Fund

Trust Units Brasseur, Jeremy 6 02/10/2017 10 9.6967 12,000 3,000


Trust Units Brasseur, Jeremy 6 03/10/2017 10 9.675 14,000 2,000


Trust Units Middlefield Healthcare & Wellness Dividend Fund

1 29/09/2017 38 9.7418 521,900 3,400



1 02/10/2017 38 9.7016 531,300 9,400



1 03/10/2017 38 9.688 533,800 2,500



1 04/10/2017 38 9.7225 539,800 6,000

Millennial Lithium Corp. Common Shares Abasov, Farhad 5 26/09/2017 15 1.25 186,666 120,000

Millennial Lithium Corp. Options Abasov, Farhad 5 04/10/2017 50 1.41 760,000 260,000

Millennial Lithium Corp. Warrants Abasov, Farhad 5 26/09/2017 15 1.5 80,000 60,000

Millennial Lithium Corp. Options Bowering, Andrew William 4, 5 04/10/2017 50 1.41 732,500 100,000

Millennial Lithium Corp. Options Harris, Graham 4 04/10/2017 50 1.41 662,500 200,000

Millennial Lithium Corp. Options Lacroix, Richard Joseph 4 04/10/2017 50 1.41 200,000 100,000

Minco Gold Corporation Common Shares Cai, Ken 4, 5 04/10/2017 11 1,188,784 983,784

MINCO SILVER CORPORATION

Common Shares Cai, Ken 4, 5 04/10/2017 11 3,885,600 3,885,600

Mineral Mountain Resources Ltd.

Common Shares Baker, Bradley 4 29/09/2017 10 0.2 360,000 10,000






Common Shares bertram, marshall 4, 5 02/10/2017 10 0.18 1,374,360 10,000

MINT Income Fund Trust Units MINT Income Fund 1 29/09/2017 38 6.6256 66,107,240 7,800

MINT Income Fund Trust Units MINT Income Fund 1 02/10/2017 10 6.6507 66,101,840 -5,400



Mitel Networks Corporation Common Shares McBee, Richard 4, 5 02/10/2017 51 5.16 320,397 52,750

Mitel Networks Corporation Common Shares McBee, Richard 4, 5 02/10/2017 10 8.39 267,647 -52,750

Mitel Networks Corporation Options McBee, Richard 4, 5 02/10/2017 51 5.16 897,750 -52,750

Mogo Finance Technology Inc.

Options Feller, David Marshall 3, 4, 5 27/09/2017 50 433,333 50,000


Common Shares Feller, Erin 7 29/09/2017 10 3.99 46,133 1,300


Common Shares Feller, Erin 7 29/09/2017 10 4.02 54,833 8,700


Options Feller, Gregory Dean 4, 5 27/09/2017 50 416,667 50,000

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8370



Acquired/ Disposed


Options Groh, Thomas 5 27/09/2017 50 90,417 5,000


Options Liston, Thomas Craig 4 27/09/2017 50 90,000 15,000


Options Mohamed, Minhas 4 27/09/2017 50 90,000 15,000


Options Patterson, Ronald Thomas 4 27/09/2017 50 98,333 15,000


Options Skakun, Lisa 5 27/09/2017 50 156,250 25,000


Options Varshney, Praveen 4 27/09/2017 50 81,667 15,000

Monarques Gold Corporation (formerly know as MONARQUES RESOURCES INC.)

Common Shares Lacoste, Jean-Marc 4, 5 02/10/2017 51 0.25 420,000 400,000


Options Lacoste, Jean-Marc 4, 5 02/10/2017 51 0.25 1,890,000 -400,000


Common Shares Lavergne, Marc-André 5 02/10/2017 00 4,000


Common Shares Mines Richmont inc. 3 02/10/2017 00 40,348,203

Moovly Media Inc. Common Shares Boddy, Brandon 4 26/06/2017 16 0.15 985,667 200,000

Moovly Media Inc. Warrants Boddy, Brandon 4 26/06/2017 16 960,000 200,000

Morguard Corporation Common Shares King, David 4 28/09/2017 10 183 82,056 -200



Mountain Lake Minerals Inc. Common Shares Fleming, William James 4 02/10/2017 10 0.065 2,081,000 51,000

Namaste Technologies Inc. (formerly Next Gen Metals Inc.)

Common Shares Dollinger, Sean 4, 5 26/02/2016 00


Common Shares Dollinger, Sean 4, 5 03/10/2017 10 0.025 40,000


Common Shares Dollinger, Sean 4, 5 03/10/2017 10 0.025 40,000


Common Shares Dollinger, Sean 4, 5 03/10/2017 10 0.235 40,000 40,000


Common Shares Dollinger, Sean 4, 5 04/10/2017 10 0.235 82,500 42,500

Nemaska Lithium Inc. Common Shares Biron, François 4 27/09/2017 10 1.42 -125,000

Nemaska Lithium Inc. Common Shares Biron, François 4 27/09/2017 10 1.41 265,000 -35,000

Nemaska Lithium Inc. Common Shares Biron, François 4 28/09/2017 10 1.42 175,000 -90,000

Nevada Zinc Corporation Common Shares Norvista Capital Corporation 3 05/10/2017 10 0.21 9,713,499 10,000

Nevada Zinc Corporation Common Shares Norvista Capital Corporation 3 05/10/2017 10 0.2 9,728,499 15,000

New Age Metals Inc. (formerly Pacific North West Capital Corp.)

Common Shares Barr, Harry 4, 5 28/09/2017 10 0.06 4,245,655 50,000

New Flyer Industries Inc. Deferred Share Units Cochran, Phyllis Elaine 4 02/10/2017 56 8,712 381

New Flyer Industries Inc. Deferred Share Units Edwards, Larry Dean 7 02/10/2017 56 13,831 381

New Flyer Industries Inc. Common Shares Gray, Adam L. 4 02/10/2017 57 51.12 721,785 763

New Flyer Industries Inc. Restricted Share Units Hoeg, Krystyna 4 02/10/2017 56 12,379 763

New Flyer Industries Inc. Deferred Share Units Marinucci, Giovanni (John) 4 02/10/2017 56 13,831 381

New Flyer Industries Inc. Restricted Share Units Nunes, Paulo Cezar 4 02/10/2017 56 4,154 381

New Flyer Industries Inc. Common Shares Sardo, Vincent James 4 02/10/2017 57 18,319 381

New Flyer Industries Inc. Restricted Share Units Sardo, Vincent James 4 02/10/2017 56 381 381

New Flyer Industries Inc. Restricted Share Units Sardo, Vincent James 4 02/10/2017 57 0 -381

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8371



Acquired/ Disposed

New Flyer Industries Inc. Common Shares Smith, Paul Warren Dennis 5 26/09/2017 10 50.25 125,698 -10,000

New Flyer Industries Inc. Common Shares Smith, Paul Warren Dennis 5 28/09/2017 10 51.55 115,698 -10,000

New Flyer Industries Inc. Deferred Share Units Tobin, Brian Vincent 4 02/10/2017 56 21,756 687

New Look Vision Group Inc. (formerly New Look Eyewear Inc.)

Common Shares Class A Amiel, Antoine 4, 6, 5 30/09/2017 35 31.34 110,581 5


Common Shares Class A Amiel, Antoine 4, 6, 5 03/10/2017 90 1,137 -109,444


Common Shares Class A Amiel, Antoine 4, 6, 5 30/09/2017 35 31.34 74,497 354


Common Shares Class A Amiel, Antoine 4, 6, 5 03/10/2017 90 183,941 109,444


Common Shares Class A Bennett, William John 4, 6, 5 30/09/2017 35 31.34 2,181 10


Common Shares Class A Bennett, William John 4, 6, 5 30/09/2017 35 31.34 626,200 2,982


Common Shares Class A Cherney, Richard 4 30/09/2017 30 31.34 14,287 58


Common Shares Class A DeBono, Emanuel J. 5 30/09/2017 35 31.34 4,172 17


Common Shares Class A Pearson, Charles Emmett 4, 6 30/09/2017 35 31.34 150,570 716


Common Shares Class A Pearson, Charles Emmett 4, 6 30/09/2017 35 31.34 150,570 716

New Pacific Metals Corp. (formerly New Pacific Holdings Corp.)

Common Shares Neal, Gordon 6 30/09/2016 00


Common Shares Neal, Gordon 6 05/10/2017 10 1.4 11,400 11,400


Common Shares Silvercorp Metals Inc. 3 24/05/2012 10 0.6913 10,554,200 100,000


Common Shares Silvercorp Metals Inc. 3 02/10/2017 10 1.3 10,805,100 900


Common Shares Silvercorp Metals Inc. 3 28/09/2017 10 1.3 25,249,500 225,600

Newrange Gold Corp. Common Shares Wang, Paul 4 23/09/2010 00 1,000

Newrange Gold Corp. Common Shares Wang, Paul 4 23/06/2016 50 0.055 106,000 105,000

Newrange Gold Corp. Common Shares Wang, Paul 4 22/09/2017 51 0.05 196,000 90,000

Nexco Resources Inc. Common Shares Coltura, Robert 5 04/10/2017 11 300,000 -900,000

NexgenRx Inc. Options Corcoran, Thomas 4 29/09/2017 50 0.23 924,997 150,000

NexgenRx Inc. Options Corcoran, Thomas 4 29/09/2017 52 0.25 150,000 -774,997

NexgenRx Inc. Common Shares Crossett, Paul Everett 3 04/10/2017 10 0.225 5,505,500 1,500

NexgenRx Inc. Common Shares Crossett, Paul Everett 3 06/10/2017 10 0.2225 5,563,500 58,000

Nexus Real Estate Investment Trust

Trust Units ERA Holdings Limited Partnership

8 03/10/2017 10 2.01 -5,000



8 03/10/2017 10 2.01 -5,000



8 03/10/2017 10 2.01 733,291 -5,000



8 04/10/2017 10 2 -45,000



8 04/10/2017 10 2 -45,000



8 04/10/2017 10 2 688,291 -45,000

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8372



Acquired/ Disposed



8 05/10/2017 10 2.01 -5,000



8 05/10/2017 10 2.01 -5,000



8 05/10/2017 10 2.01 683,291 -5,000

Nighthawk Gold Corp. Common Shares Byron, Michael 4, 5 04/10/2017 10 0.71 320,355 32,000

Nighthawk Gold Corp. Common Shares Leskovec, Michael George 5 02/10/2017 10 0.76 11,400 7,800

Nighthawk Gold Corp. Common Shares Prychidny, Morris 4 04/10/2017 10 0.72 551,475 60,000

Nighthawk Gold Corp. Common Shares Ramcharan, Suzette Nadine 5 02/10/2017 10 0.76 73,000 13,000

Noront Resources Ltd. Options common shares Abolins, Uldis 4 06/10/2017 52 0 -200,000

Noront Resources Ltd. Options common shares Diges, Carmen Lydia 5 06/10/2017 52 0 -575,000

Noront Resources Ltd. Options common shares Feeney, Michael Kevin 5 06/10/2017 52 0 -350,000

Noront Resources Ltd. Options common shares Jobin, Joanne 5 06/10/2017 52 0 -280,000

Noront Resources Ltd. Options common shares Niemi, Jeremy Karl 5 06/10/2017 52 0 -495,000

North American Energy Partners Inc.

Convertible Debentures Ferron, Martin Robert 4, 5 04/10/2017 10 97.625 $1,532,000 $200,000


Deferred Share Units McIntosh, Ronald A 4 30/09/2017 56 225,270 4,970


Deferred Share Units Oehmig, William C. 4 30/09/2017 56 278,644 6,312


Deferred Share Units Pinney, Bryan Daniel 4 30/09/2017 56 92,605 6,660


Deferred Share Units Stan, Thomas Paul 4 30/09/2017 56 17,069 3,405


Deferred Share Units Thornton, Jay 4 30/09/2017 56 100,686 6,064

Northfield Capital Corporation

Common Shares CLASS A RESTRICTED VOTING

Northfield Capital Corporation

1 25/09/2017 38 25.6 18,400 11,700

Northland Power Inc. Deferred Share Units (DSU)

Gilmour, Barry Kenneth 4 30/09/2017 56 22.03 22,887 1,214

Northland Power Inc. Deferred Share Units (DSU)


Northland Power Inc. Common Shares Temerty, James C. 3, 4, 5 18/09/2017 30 22.487 98,742 172

Northland Power Inc. Common Shares Temerty, James C. 3, 4, 5 18/09/2017 30 22.487 887,176 3,536

Northland Power Inc. Common Shares Temerty, James C. 3, 4, 5 18/09/2017 30 22.487 11,304 45

Northland Power Inc. Common Shares Temerty, James C. 3, 4, 5 18/09/2017 30 22.487 44,492,750 33,293

NorthWest Healthcare Properties Real Estate Investment Trust

Deferred Units Barkin, Martin 4 30/09/2017 56 11.38 32,566 1,055


Deferred Units Baron, Robert 4 30/09/2017 56 11.38 110,441 1,758


Deferred Units Loudon, Colin 4 30/09/2017 56 11.38 24,218 1,758


Deferred Units Naylor, Christopher David (David)

6 30/09/2017 56 11.38 55,717 1,758


Deferred Units Petersen, Brian Kenneth 4 30/09/2017 56 11.38 25,616 1,758

Nova Leap Health Corp. Common Shares Dobbin, Christopher Donald 4 06/10/2017 16 0.2 2,375,000 1,000,000

Nova Leap Health Corp. Warrants Dobbin, Christopher Donald 4 06/10/2017 16 0.35 1,187,500 500,000

NOVAGOLD RESOURCES INC.

Common Shares DEISLEY, DAVID LEE 5 10/07/2017 30 4.5 713,768 247











Insider Reporting

October 12, 2017

(2017), 40 OSCB 8373



Acquired/ Disposed


Common Shares HENNESSEY, MELANIE 5 07/07/2017 30 5.79 331,451 168










Common Shares HENNESSEY, MELANIE 5 21/09/2017 30 5.59 174




Common Shares Lang, Gregory Anthony 5 10/07/2017 30 4.5 1,274,236 528












Common Shares Ottewell, David 5 10/07/2017 30 4.5 488,803 264












Common Shares Rimelman, Ronald 5 10/07/2017 30 4.5 89,695 188












Common Shares Williams, Richard 5 10/07/2017 30 4.5 230,635 204











Novelion Therapeutics Inc. Options Bruhn, Suzanne Louise 4 01/10/2017 00

Novelion Therapeutics Inc. Options Bruhn, Suzanne Louise 4 02/10/2017 50 9,600 9,600

Novo Resources Corp. Common Shares 2176423 Ontario Ltd. 3 29/09/2017 10 6.15 10,162,554 34,700

Novo Resources Corp. Common Shares Sprott, Eric S. 3 29/09/2017 10 6.15 10,162,554 34,700

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8374



Acquired/ Disposed

Novra Technologies Inc. Common Shares Wintemute, Peter 4 20/06/2003 00

Novra Technologies Inc. Common Shares Wintemute, Peter 4 29/09/2017 51 0.12 24,000 24,000

Novra Technologies Inc. Options Wintemute, Peter 4 29/09/2017 51 0.12 96,000 -24,000

Nubian Resources Ltd. Common Shares Class A voting

Walter, Martin 3 26/09/2017 10 0.25 2,444,500 29,500


Walter, Martin 3 26/09/2017 10 0.24 2,455,000 10,500


Walter, Martin 3 26/09/2017 10 0.235 2,465,000 10,000


Walter, Martin 3 27/09/2017 10 0.275 2,469,500 4,500


Walter, Martin 3 27/09/2017 10 0.28 2,476,500 7,000

NUVISTA ENERGY LTD. Common Shares Deferred Share Units

ECKHARDT, Ronald John 4 29/09/2017 56 24,843 1,882


KARKKAINEN, PENTTI OLAVI

4 29/09/2017 56 28,218 2,290


MacPhail, Keith A.J. 4, 5 29/09/2017 56 7.73 33,214 3,283


Shaw, Brian Gordon 4 29/09/2017 56 21,285 1,378


Zawalsky, Grant A. 4 29/09/2017 56 19,328 896

NXGold Ltd. Common Shares McPherson, Travis 5 03/10/2017 10 0.22 155,000 10,000

NXGold Ltd. Common Shares McPherson, Travis 5 03/10/2017 10 0.24 10,000

NXGold Ltd. Common Shares McPherson, Travis 5 03/10/2017 10 0.24 160,000 5,000

NXT Energy Solutions Inc. Rights Liszicasz, George 3, 4, 5 18/05/2005 00

NXT Energy Solutions Inc. Rights Liszicasz, George 3, 4, 5 04/10/2017 56 15,202,490 15,202,490

NXT Energy Solutions Inc. Rights Stewart, Beverly Jayne 5 18/05/2016 00

NXT Energy Solutions Inc. Rights Stewart, Beverly Jayne 5 04/10/2017 56 11,000 11,000

NXT Energy Solutions Inc. Rights Stewart, Beverly Jayne 5 18/05/2016 00

NXT Energy Solutions Inc. Rights Stewart, Beverly Jayne 5 04/10/2017 56 11,000

NXT Energy Solutions Inc. Rights Stewart, Beverly Jayne 5 04/10/2017 56 11,000

NXT Energy Solutions Inc. Rights Tilson, John 4 24/02/2015 00

NXT Energy Solutions Inc. Rights Tilson, John 4 04/10/2017 56 2,833,748 2,833,748

NXT Energy Solutions Inc. Rights Wilcox, Bruce G. 4 08/06/2015 00

NXT Energy Solutions Inc. Rights Wilcox, Bruce G. 4 04/10/2017 56 184,400 184,400

Oceanus Resources Corporation

Common Shares Anaka, Michael T. 4 28/09/2017 00 30,500


Common Shares Holmes, Glenn 4, 5 28/09/2017 10 0.27 1,639,507 1,000


Common Shares Holmes, Glenn 4, 5 28/09/2017 10 0.265 1,646,007 6,500

Olympia Financial Group Inc. Common Shares Skauge, Rick 3, 4, 5 02/10/2017 10 34.24 14,801 77

Oncolytics Biotech Inc. Rights Restricted Share Units

Holtham, Angela Frances 4 30/09/2017 56 265,758 10,877


Pisano, Wayne 4 30/09/2017 56 391,781 9,562


Seizinger, Bernd Robert 4 30/09/2017 56 331,328 17,212

OneCap Investment Corporation

Common Shares Goldcorp Inc. 3 29/09/2017 00


Common Shares Goldcorp Inc. 3 29/09/2017 36 3,478,261 3,478,261


Warrants Goldcorp Inc. 3 29/09/2017 00


Warrants Goldcorp Inc. 3 29/09/2017 36 3,478,261 3,478,261


Common Shares Gosselin, Réjean 4, 5 25/08/2017 00


Common Shares Gosselin, Réjean 4, 5 04/10/2017 10 0.155 50,000 50,000



Insider Reporting

October 12, 2017

(2017), 40 OSCB 8375



Acquired/ Disposed







ONEnergy Inc. Deferred Share Units Letwin, Stephen Joseph James

4, 5 06/10/2017 56 0.375 345,886 30,667

OneREIT (formerly Retrocom Real Estate Investment Trust)

Units Cheung, Raymond 4 04/10/2017 22 4.275 0 -4,000


Class B Limited Partnership Units

Goldhar, Mitchell 3 04/10/2017 22 0 -5,176,522



Goldhar, Mitchell 3 04/10/2017 22 0 -1,765,075



Goldhar, Mitchell 3 04/10/2017 22 0 -672,410











Class B Units, Series 1 of RMM Limited Partnership I

Goldhar, Mitchell 3 04/10/2017 22 30.51 0 -965,291


Class B Units, Series 2 of RMM Limited Partnership I



Class C Units, Series 1 of RMM Limited Partnership I



Class C Units, Series 2 of RMM Limited Partnership I



Special Voting Units Goldhar, Mitchell 3 04/10/2017 22 0 -5,176,522




Special Voting Units Goldhar, Mitchell 3 04/10/2017 22 0 -672,410










Units Goldhar, Mitchell 3 04/10/2017 22 4.275 0 -4,929,600

ONEX CORPORATION Rights Deferred Share Units (cash settled)

Casey, Daniel C. 4 29/09/2017 56 96.29 87,719 177


Etherington, William 4 29/09/2017 56 96.29 61,117 177

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8376



Acquired/ Disposed


Godsoe, Peter Cowperthwaite

4 29/09/2017 56 96.29 89,572 212


Goldhar, Mitchell 4 29/09/2017 56 96.29 4,727 162


Gouin, Serge 4 29/09/2017 56 96.29 89,877 212


Huffington, Arianna 4 29/09/2017 56 96.29 14,879 162


McCoy, John Bonnet 4 29/09/2017 56 96.29 81,523 211

ONEX CORPORATION Subordinate Voting Shares

Onex Corporation 1 06/09/2017 10 94.98 2,200 2,200


Onex Corporation 1 06/09/2017 38 0 -2,200






Onex Corporation 1 07/09/2017 38 1,719 -24,900








Onex Corporation 1 08/09/2017 38 3,319 -23,200




Prichard, John Robert Stobo 4 29/09/2017 56 96.29 84,181 199


Reisman, Heather M. 4 29/09/2017 56 96.29 75,778 162


Thorsteinson, Arni Clayton 4 29/09/2017 56 96.29 110,848 415

Orca Gold Inc. Common Shares Clark, Richard Peter 4, 5 02/10/2017 10 0.5658 6,256,347 98,500

Orca Gold Inc. Common Shares Clark, Richard Peter 4, 5 03/10/2017 10 0.5616 6,369,347 113,000

Orezone Gold Corporation Common Shares Downey, Patrick 4 03/10/2017 10 0.65 1,175,200 40,000

Organic Garage Ltd. Warrants Crupi, Christopher 4 30/09/2017 55 352,000 30,000

Organic Potash Corporation Common Shares Balanovskaya, Olga 5 29/09/2017 10 0.01 396,000 -154,000



Organic Potash Corporation Common Shares Balanovskaya, Olga 5 06/10/2017 10 0.01 0 -66,000

Orla Mining Ltd. Common Shares Lassonde, Pierre 3 02/10/2017 10 1.2 16,874,900 147,800

Orsu Metals Corporation Common Shares Stefanovich, Sergei 4 18/05/2017 00

Orsu Metals Corporation Common Shares Stefanovich, Sergei 4 02/10/2017 11 3,725,809 3,725,809

Orsu Metals Corporation Common Shares Stefanovich, Sergei 4 02/10/2017 11 3,378,067 -3,725,809

ORTHO REGENERATIVE TECHNOLOGIES INC.

Common Shares Wright, Tom ES 4 26/09/2017 00 100,000


Options Wright, Tom ES 4 26/09/2017 00 100,000


Warrants Wright, Tom ES 4 26/09/2017 00 50,000

OSISKO GOLD ROYALTIES LTD

Common Shares Bertrand, Françoise 4 24/11/2014 00

OSISKO GOLD ROYALTIES LTD

Common Shares Bertrand, Françoise 4 02/10/2017 10 16.04 1,200 1,200

Osisko Mining Inc. (formerly Oban Mining Corporation)

Common Shares Burzynski, John Feliks 4, 5 05/10/2017 16 4.2 2,507,467 32,600


Common Shares Coates, Bryan A. 6 05/10/2017 16 4.2 387,780 40,800


Common Shares Gaumond, André 6 05/10/2017 16 4.2 51,650 1,650

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8377



Acquired/ Disposed


Common Shares Hayes, John Philip 5 05/10/2017 16 6.14 94,453 4,100


Common Shares OSISKO GOLD ROYALTIES LTD

3 05/10/2017 16 4.2 30,402,034 850,000


Common Shares OSISKO GOLD ROYALTIES LTD

3 05/10/2017 11 4.2 32,302,034 1,900,000


Common Shares Roosen, Sean 3, 4 05/10/2017 16 4.2 1,128,666 48,900


Common Shares Vizquerra, Jose 5 05/10/2017 16 4.2 3,169,941 1,000,000


Common Shares Vizquerra, Jose 5 05/10/2017 16 4.2 160,811 8,000


Common Shares Wares, Robert 4 05/10/2017 16 4.2 828,385 35,000

Otis Gold Corp. Common Shares Lee-Barber, Christopher Geoffrey

3 03/10/2017 10 0.3279 16,900,000 100,000

Otis Gold Corp. Common Shares Lee-Barber, Christopher Geoffrey

3 06/10/2017 10 0.3194 16,950,000 50,000

Otis Gold Corp. Common Shares Ranta, Donald Eli 4 15/09/2008 00 40,000

Otis Gold Corp. Common Shares Ranta, Donald Eli 4 28/09/2017 11 0.15 165,000 125,000

Otis Gold Corp. Common Shares Ranta, Donald Eli 4 28/09/2017 10 0.3 98,000 -67,000

Otis Gold Corp. Options Ranta, Donald Eli 4 28/09/2017 51 0.15 520,000 -125,000

Outrider Energy Corp. Warrants Windt, J. Bradley 3, 4, 5 26/03/2015 37 -1,947,500

Outrider Energy Corp. Warrants Windt, J. Bradley 3, 4, 5 26/03/2015 37 -1,947,500

P2P Info Inc. Common Shares Zhang, Yan 4, 5 05/10/2017 11 0.005 5,626,256 5,308,256

P2P Info Inc. Common Shares Zhou, Ying 3, 4, 5 05/10/2017 11 0.005 23,742,266 21,200,926

Pacific Insight Electronics Corp.

Common Shares McLaughlin, Stuart 4 08/09/2000 00


Common Shares McLaughlin, Stuart 4 27/09/2017 90 186,500 186,500


Common Shares McLaughlin, Stuart 4 27/09/2017 90 43,578 -172,422


Common Shares McLaughlin, Stuart 4 27/09/2017 90 0 -14,078


Options McLaughlin, Stuart 4 27/09/2017 90 0 -90,000


Options McLaughlin, Stuart 4 08/09/2000 00


Options McLaughlin, Stuart 4 27/09/2017 90 90,000 90,000


Warrants McLaughlin, Stuart 4 08/09/2000 00


Warrants McLaughlin, Stuart 4 27/09/2017 90 100,000 100,000


Warrants McLaughlin, Stuart 4 27/09/2017 90 0 -100,000

Painted Pony Energy Ltd. Rights Performance Share Units (Cash Settled)

Aylesworth, William Derek 5 02/10/2017 56 42,000


Aylesworth, William Derek 5 02/10/2017 56 63,000 42,000

Painted Pony Energy Ltd. Rights Deferred Share Units

Beitel, Paul 4, 6 29/09/2017 56 34,007 8,371

Painted Pony Energy Ltd. Common Shares Kessy, Richard 5 01/10/2017 00 20,000

Painted Pony Energy Ltd. Options Kessy, Richard 5 01/10/2017 00

Painted Pony Energy Ltd. Options Kessy, Richard 5 02/10/2017 50 3.52 600,000 600,000


Kessy, Richard 5 01/10/2017 00


Kessy, Richard 5 02/10/2017 56 108,000


Kessy, Richard 5 02/10/2017 56 108,000 108,000

Pan Global Resources Inc. Common Shares Kerzner, brian 4 02/10/2017 10 0.15 1,215,000 51,000




Insider Reporting

October 12, 2017

(2017), 40 OSCB 8378



Acquired/ Disposed

Pancontinental Gold Corporation (formerly, Pancontinental Uranium Corporation)

Common Shares Whalen, Donald Alexander 4 04/10/2017 10 0.045 3,727,000 10,000







Panoro Minerals Ltd. Common Shares Boden, William John 4 26/09/2017 10 0.315 12,061,620 3,000

Panoro Minerals Ltd. Common Shares Boden, William John 4 02/10/2017 10 0.32 12,068,620 7,000

Paramount Resources Ltd. Restricted Share Units HAN, MICHAEL S. 5 01/12/2014 00

Paramount Resources Ltd. Restricted Share Units HAN, MICHAEL S. 5 05/10/2017 56 24.439 3,176 3,176

Paramount Resources Ltd. Restricted Share Units Kinvig, Paul Robert 5 01/12/2008 00

Paramount Resources Ltd. Restricted Share Units Kinvig, Paul Robert 5 05/10/2017 56 24.439 1,920 1,920

Paramount Resources Ltd. Restricted Share Units Kohut, Michael G 5 14/09/2017 00

Paramount Resources Ltd. Restricted Share Units Kohut, Michael G 5 05/10/2017 56 24.439 3,520 3,520

Paramount Resources Ltd. Restricted Share Units Lee, Bernard K. 5 26/06/2003 00

Paramount Resources Ltd. Restricted Share Units Lee, Bernard K. 5 05/10/2017 56 24.439 5,244 5,244

Paramount Resources Ltd. Restricted Share Units Ockenden, Matthew G. 5 06/06/2016 00

Paramount Resources Ltd. Restricted Share Units Ockenden, Matthew G. 5 05/10/2017 56 24.439 2,290 2,290

Paramount Resources Ltd. Restricted Share Units Purdy, Darrel S. 5 01/06/2006 00

Paramount Resources Ltd. Restricted Share Units Purdy, Darrel S. 5 05/10/2017 56 24.439 1,908 1,908

Paramount Resources Ltd. Common Shares Class A Riddell, Clayton H. 3, 4, 5 05/10/2017 46 24.439 51,081 50,000

Paramount Resources Ltd. Common Shares Class A Riddell, James H. T. 4, 5 05/10/2017 46 24.439 1,149,990 100,000

Paramount Resources Ltd. Restricted Share Units Shier, E. Mitchell 5 17/01/2009 00

Paramount Resources Ltd. Restricted Share Units Shier, E. Mitchell 5 05/10/2017 56 24.439 4,802 4,802

Paramount Resources Ltd. Restricted Share Units Tahmazian, Phillip G. 5 18/03/2013 00

Paramount Resources Ltd. Restricted Share Units Tahmazian, Phillip G. 5 05/10/2017 56 24.439 2,708 2,708

Paramount Resources Ltd. Restricted Share Units Williams, John B. 5 14/09/2017 00

Paramount Resources Ltd. Restricted Share Units Williams, John B. 5 05/10/2017 56 24.439 3,640 3,640

Paramount Resources Ltd. Restricted Share Units Wittenberg, Joerg 5 01/01/2008 00

Paramount Resources Ltd. Restricted Share Units Wittenberg, Joerg 5 05/10/2017 56 24.439 2,894 2,894

Paramount Resources Ltd. Restricted Share Units Yester, Gail 5 14/09/2017 00

Paramount Resources Ltd. Restricted Share Units Yester, Gail 5 05/10/2017 56 24.439 2,592 2,592

Parex Resources Inc. Common Shares Parex Resources Inc. 1 19/09/2017 38 13.994 355,700 3,300



Parex Resources Inc. Common Shares Parex Resources Inc. 1 28/09/2017 38 15 388,000 1,200


Parkland Fuel Corporation Deferred Share Unit Plan PILLA, DOMENICO 4 01/10/2017 56 25.74 13,961 768

Partners Real Estate Investment Trust

Deferred Units Anthony, Grant 3, 4 29/09/2017 46 17,197 2,338


Deferred Units Domenico, Jane 5 29/09/2017 46 28,313 192


Deferred Units Harrs, Paul Henry 5 29/09/2017 46 28,313 192


Deferred Units Kimberley, Allan Scott 4 29/09/2017 46 29,701 2,686


Deferred Units Nyilassy, Simon 4 29/09/2017 46 29,737 2,441


Deferred Units Ross, Charles Ian 4 29/09/2017 46 29,641 2,309


Deferred Units West, Derrick 5 29/09/2017 46 28,313 192

Pason Systems Inc. DSU Collins, T Jay 4 29/09/2017 56 37,739 338

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8379



Acquired/ Disposed

Pason Systems Inc. DSU Collins, T Jay 4 30/09/2017 56 39,151 1,412

Pason Systems Inc. DSU Collins, T Jay 4 30/09/2017 56 39,217 66

Pason Systems Inc. DSU Hess, Judi 4 29/09/2017 56 15,630 140

Pason Systems Inc. DSU Hess, Judi 4 30/09/2017 56 17,042 1,412

Pason Systems Inc. DSU Hess, Judi 4 30/09/2017 56 17,108 66

Pason Systems Inc. DSU Hill, James Douglas 3, 4, 5 29/09/2017 56 37,528 337

Pason Systems Inc. DSU Howe, James Brian 4 29/09/2017 50 6,401 57

Pason Systems Inc. DSU Howe, James Brian 4 30/09/2017 50 7,813 1,412

Pason Systems Inc. DSU Howe, James Brian 4 30/09/2017 50 7,945 132

Pason Systems Inc. common share options Olesen, Lars 5 29/09/2017 51 557 -9,800

Pason Systems Inc. Common Shares Olesen, Lars 5 29/09/2017 51 13,000 9,800

Pason Systems Inc. Common Shares Olesen, Lars 5 29/09/2017 10 18.88 3,200 -9,800

Pason Systems Inc. common share options Smith, Russell 5 28/09/2017 51 203,200 -800

Pason Systems Inc. Common Shares Smith, Russell 5 28/09/2017 51 12,090 800

Pason Systems Inc. Common Shares Smith, Russell 5 28/09/2017 10 19.28 11,290 -800

Pathfinder Income Fund Trust Units Pathfinder Convertible Debenture Fund

1 02/10/2017 10 8.45 10,363,188 -1,200

Peloton Minerals Corporation Common Shares ELLWOOD, EDWARD LEITH

5 31/08/2017 10 0.095 3,718,796 -15,000


5 03/10/2017 10 0.095 3,716,796 -2,000


5 05/10/2017 10 0.095 3,713,796 -3,000

Pembina Pipeline Corporation

Common Shares Burrows, J. Scott 5 03/10/2017 51 44.086 10,363 5,480


Common Shares Burrows, J. Scott 5 03/10/2017 30 44.086 4,883 -5,480


Options Burrows, J. Scott 5 03/10/2017 51 126,168 -5,480

Pengrowth Energy Corporation

DSU Poole, Albert Terence 4 29/09/2017 56 1.4071 309,224 6,219

Perpetual Energy Inc. Common Shares Riddell Rose, Susan 4, 5 05/10/2017 10 1.2 1,427,801 2,500

Photon Control Inc. Options Lee, Daniel Chung Man 5 21/08/2017 50 60,000 20,000

PHX Energy Services Corp. Retention Awards (Cash-based Only)

Athaide, Judith 4 30/09/2017 56 2.37 88,330 158


Athaide, Judith 4 30/09/2017 57 2.37 88,257 -73


Athaide, Judith 4 30/09/2017 57 2.37 88,131 -126

PHX Energy Services Corp. Common Shares Buker, Michael Leslie 5 29/09/2017 10 2.32 133,000 1,500


Hibbard, Lawrence M. 4 30/09/2017 56 2.37 93,128 632


Hibbard, Lawrence M. 4 30/09/2017 57 2.37 93,018 -110


Hibbard, Lawrence M. 4 30/09/2017 57 2.37 92,367 -651

PHX Energy Services Corp. Common Shares Hooks, John Michael 5 04/10/2017 10 2.3 7,740,300 79,650


Hooks, John Michael 5 30/09/2017 56 2.37 170,287 632


Hooks, John Michael 5 30/09/2017 57 2.37 170,250 -37


Hooks, John Michael 5 30/09/2017 57 2.37 170,124 -126


Tetreault, Myron Arthur 4 30/09/2017 56 2.37 104,296 632


Tetreault, Myron Arthur 4 30/09/2017 57 2.37 104,223 -73


Tetreault, Myron Arthur 4 30/09/2017 57 2.37 104,097 -126


Thomas, Roger Dale 4 30/09/2017 57 2.37 71,380 -55


Thomas, Roger Dale 4 30/09/2017 57 2.37 71,286 -94

Pine Cliff Energy Ltd. Common Shares Disbrow, Robert 3 29/09/2017 10 0.64 17,075,276 34,000

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8380



Acquired/ Disposed





Pine Cliff Energy Ltd. Common Shares Hodge, Philip Blake 4, 5 04/10/2017 10 0.6 6,360,000 5,000

Pioneering Technology Corp. Common Shares Adair, Richard Daniel 4 14/09/2017 54 0.25 1,200,000 200,000

Pioneering Technology Corp. Warrants Adair, Richard Daniel 4 14/09/2017 54 0.25 25,000 -200,000

PJX Resources Inc. Common Shares Crossett, Paul Everett 3 02/10/2017 10 0.12 5,148,500 12,000

PJX Resources Inc. Common Shares Crossett, Paul Everett 3 02/10/2017 10 0.12 1,900,000 35,000

Points International Ltd. Common Shares Lockhard, Peter 5 29/09/2017 10 14.04 0 -2,867

Points International Ltd. Common Shares Points International Ltd. 1 07/09/2017 38 10.17 8,093 93



Points International Ltd. Common Shares Points International Ltd. 1 07/09/2017 38 10.2 9,316 1,023













































Insider Reporting

October 12, 2017

(2017), 40 OSCB 8381



Acquired/ Disposed















Points International Ltd. Common Shares Points International Ltd. 1 12/09/2017 38 10 23,450 500












































Insider Reporting

October 12, 2017

(2017), 40 OSCB 8382



Acquired/ Disposed



























































Insider Reporting

October 12, 2017

(2017), 40 OSCB 8383



Acquired/ Disposed



























































Insider Reporting

October 12, 2017

(2017), 40 OSCB 8384



Acquired/ Disposed

Points International Ltd. Common Shares Points International Ltd. 1 26/09/2017 38 11 67,685 1,600

Points International Ltd. Common Shares Points International Ltd. 1 29/09/2017 38 0 -67,685

Potash Corporation of Saskatchewan Inc.


Burley, Christopher Michael 4 01/08/2017 30 22.21 23,099 134



Burley, Christopher Michael 4 30/09/2017 56 24.02 24,575 1,476



CHYNOWETH, Donald 4 01/08/2017 30 22.21 26,356 153



CHYNOWETH, Donald 4 30/09/2017 56 24.02 27,733 1,377



Estey, John W. 4 01/08/2017 30 17.72 110,498 620



Estey, John W. 4 30/09/2017 56 19.24 113,097 2,599



Grandey, Gerald Wayne 4 01/08/2017 30 22.21 37,230 216



Grandey, Gerald Wayne 4 30/09/2017 56 24.02 40,116 2,886



Hoffman, C. Steven 4 01/08/2017 30 17.72 47,822 268



Laberge, Alice D. 4 01/08/2017 30 22.21 82,569 480



Laberge, Alice D. 4 30/09/2017 56 24.02 83,533 964



Madere, Consuelo 4 01/08/2017 30 17.72 14,630 82



Martell, Keith 4 01/08/2017 30 22.21 45,987 267



Martell, Keith 4 30/09/2017 56 24.02 47,463 1,476



Regent, Aaron William 4 01/08/2017 30 22.21 22,491 131



Regent, Aaron William 4 30/09/2017 56 24.02 25,246 2,755



Yujnovich, Zoe 4 01/08/2017 30 22.21 10,414 61



Yujnovich, Zoe 4 30/09/2017 56 24.02 13,169 2,755

Power Corporation of Canada

Deferred Share Units Beaudoin, Pierre 4 30/09/2017 56 33.23 1,465


Deferred Share Units Beaudoin, Pierre 4 30/09/2017 56 31.45 58,492 1,547


Deferred Share Units Coutu, Marcel R. 4 30/09/2017 56 33.76 1,387


Deferred Share Units Coutu, Marcel R. 4 30/09/2017 56 31.471 36,162 1,487


Deferred Share Units Desmarais, André 4, 5 30/09/2017 56 31.37 85,352 965


Deferred Share Units Desmarais, Paul Jr. 4, 5 30/09/2017 56 32.97 1,301


Deferred Share Units Desmarais, Paul Jr. 4, 5 30/09/2017 56 31.439 60,695 1,365


Deferred Share Units Doer, Gary Albert 4 30/09/2017 56 34.5 385


Deferred Share Units Doer, Gary Albert 4 30/09/2017 56 31.5 2,613 422


Deferred Share Units Graham, Anthony R. 4 30/09/2017 56 33.16 1,687


Deferred Share Units Graham, Anthony R. 4 30/09/2017 56 31.447 70,629 1,779


Deferred Share Units Jackson, John David Allan 4 30/09/2017 56 34.02 600


Deferred Share Units Jackson, John David Allan 4 30/09/2017 56 31.481 11,630 649


Options Lemay, Stéphane 5 04/10/2017 51 29.89 166,107 -25,975

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8385



Acquired/ Disposed


Subordinate Voting Shares

Lemay, Stéphane 5 04/10/2017 51 29.89 25,975 25,975


Subordinate Voting Shares

Lemay, Stéphane 5 04/10/2017 10 31.9 0 -25,975


Deferred Share Units Marcoux, Isabelle 4 30/09/2017 56 33.63 1,352


Deferred Share Units Marcoux, Isabelle 4 30/09/2017 56 31.466 39,674 1,445


Deferred Share Units Noyer, Christian 4 30/09/2017 56 34.48 874


Deferred Share Units Noyer, Christian 4 30/09/2017 56 31.499 6,244 957


Deferred Share Units Orr, Robert Jeffrey 4 30/09/2017 56 33.19 1,433


Deferred Share Units Orr, Robert Jeffrey 4 30/09/2017 56 31.448 58,847 1,512


Deferred Share Units Plessis-Bélair, Michel 5 30/09/2017 56 31.37 28,015 316


Equity Forward Contract Power Corporation of Canada

1 02/10/2017 70 31.439 41 1


Equity Swap - Long Position PCC 2014-05


1 29/09/2017 70 31.57 12 1




1 29/09/2017 70 31.57 8 1




1 29/09/2017 70 31.57 10 1




1 29/09/2017 70 31.57 6 1




1 29/09/2017 70 31.57 3 1


Equity Swap - Long Position PCC1


1 29/09/2017 70 31.57 15 1


Deferred Share Units Rousseau, Henri-Paul 5 30/09/2017 56 31.37 8,182 93


Deferred Share Units Szathmary, Emoke Jolan Erzsebet

4 30/09/2017 56 32.78 855


Deferred Share Units Szathmary, Emoke Jolan Erzsebet

4 30/09/2017 56 31.431 44,154 891

Power Financial Corporation Deferred Share Units Bibeau, Marc A. 4 30/09/2017 56 34.312 42,681 1,396

Power Financial Corporation Deferred Share Units Desmarais, André 4, 5 30/09/2017 56 33.604 82,442 1,000

Power Financial Corporation Deferred Share Units Desmarais, Paul Jr. 4, 6, 5 30/09/2017 56 34.131 57,563 1,313

Power Financial Corporation Deferred Share Units Doer, Gary Albert 4 30/09/2017 56 34.646 2,358 384

Power Financial Corporation Deferred Share Units Frère, Gérald 4 30/09/2017 56 34.016 50,750 971

Power Financial Corporation Deferred Share Units Graham, Anthony R. 4 30/09/2017 56 34.186 57,650 1,446

Power Financial Corporation Deferred Share Units Jackson, John David Allan 4 30/09/2017 56 34.492 9,131 523

Power Financial Corporation Deferred Share Units Orr, Robert Jeffrey 4, 6, 7, 5 30/09/2017 56 34.195 57,247 1,463

Power Financial Corporation Deferred Share Units Plessis-Bélair, Michel 5 30/09/2017 56 33.604 27,753 337

Power Financial Corporation Equity Forward Contract POWER FINANCIAL CORPORATION

1 02/10/2017 70 34.716 57 1

Power Financial Corporation Deferred Share Units Rousseau, Henri-Paul 5 30/09/2017 56 33.604 7,715 94

Power Financial Corporation Deferred Share Units roy, louise 4 30/09/2017 56 34.348 32,535 1,163

Power Financial Corporation Deferred Share Units Royer, Raymond 4 30/09/2017 56 34.132 122,391 2,793

Power Financial Corporation Deferred Share Units Szathmary, Emoke Jolan Erzsebet

4 30/09/2017 56 34.097 37,662 812

Prairie Provident Resources Inc.

Deferred Share Units Fitzpatrick, David Michael 4 29/09/2017 56 27,686 12,711


Deferred Share Units Flynn, Terence 4 29/09/2017 56 27,686 12,711


Common Shares Granger, Timothy S. 4, 5 20/07/2017 30 0.5 551,101 3,315





Insider Reporting

October 12, 2017

(2017), 40 OSCB 8386



Acquired/ Disposed






Deferred Share Units McDonald, Patrick 4 29/09/2017 56 27,686 12,711


Deferred Share Units Petrie, Derek 4 29/09/2017 56 27,686 12,711


Deferred Share Units Sabherwal, Ajay 4 29/09/2017 56 27,686 12,711


Deferred Share Units Wonnacott, Robert 4 29/09/2017 56 27,686 12,711

Precious Metals Bullion Trust Units Precious Metals Bullion Trust

1 18/09/2017 38 9.72 1,000 1,000


1 18/09/2017 38 9.72 0 -1,000


1 29/09/2017 38 9.39 200 200


1 29/09/2017 38 9.39 0 -200

Precision Drilling Corporation Deferred Share Units - effective January 1, 2012

Donovan, William T. 4 01/10/2017 56 93,090 9,185


Hagerman, Allen R. 4 01/10/2017 56 117,912 9,185


Hughes, Catherine Jeanne 4 01/10/2017 56 129,087 15,575


Krablin, Steven Wayne 4 01/10/2017 56 99,677 23,562


Letwin, Stephen Joseph James

4 01/10/2017 56 103,948 9,185


MacKenzie, Susan Mary 4 01/10/2017 56 1,211 1,211


Meyers, Kevin Omar 4 01/10/2017 56 96,026 9,185

Premier Diversified Holdings Inc.

Common Shares Tusar, Denis 3, 7 03/10/2017 10 0.0714 9,206,857 -92,000





Primeline Energy Holdings Inc.

Common Shares GEMS Investment Management Limited

3 05/10/2017 11 0.115 12,942,791 1,193,283

Primeline Energy Holdings Inc.

Common Shares GRF Prime Limited 3 05/10/2017 11 0.115 12,942,791 1,193,283

ProMetic Life Sciences Inc. Common Shares Wendel, Bruce 4 03/10/2017 10 1.2823 65,984 450

PUF Ventures Inc. Common Shares Cherry, Christopher 5 03/10/2017 51 0.265 75,000 25,000

PUF Ventures Inc. Common Shares Cherry, Christopher 5 03/10/2017 10 0.56 50,000 -25,000

PUF Ventures Inc. Options Cherry, Christopher 5 03/10/2017 51 0.265 0 -25,000

Pulse Seismic Inc. Common Shares Pulse Seismic Inc. 1 03/10/2017 38 0 -30,900

Pure Industrial Real Estate Trust

Deferred Units Evans, Steve 4, 5 29/09/2017 56 6.487 3,200 1,542


Deferred Units Haggis, Paul 4 29/09/2017 56 6.487 4,645 1,542


Deferred Units King, Robert William 4 29/09/2017 56 6.487 4,645 1,542


Deferred Units Turner, Thomas Richard 4 29/09/2017 56 6.487 7,547 2,506


Deferred Units Wigmore, Elisabeth Shirley 4 29/09/2017 56 6.487 3,411 1,542

Pure Technologies Ltd. Rights Deferred Share Units

Crossley, Raymond 4 02/10/2017 56 5.14 47,266 2,189


Elford, Sara 4 02/10/2017 56 5.14 16,983 2,189


Fischer, Charles Wayne 4 02/10/2017 56 5.14 23,044 2,189

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8387



Acquired/ Disposed


Kanovsky, Michael Manuel 4 02/10/2017 56 23,036 2,189


McDermid, David Hugh 4 02/10/2017 56 5.14 40,967 3,891

PYROGENESIS CANADA INC.

Common Shares Radin, Robert Michael 4 02/10/2017 51 0.18 350,000 200,000

PYROGENESIS CANADA INC.

Options Radin, Robert Michael 4 02/10/2017 51 0.18 275,000 -200,000

Quebecor Inc. Subordinate Voting Shares Catégorie B

Pruneau, Jean-François 5 29/09/2017 10 46.802 2,700 -5,000


Pruneau, Jean-François 5 29/09/2017 10 46.8 300 -2,400


Quebecor inc. 1 01/09/2017 38 47.93 15,000 15,000


Quebecor inc. 1 05/09/2017 38 47.701 30,000 15,000


Quebecor inc. 1 06/09/2017 38 47.484 45,000 15,000


Quebecor inc. 1 07/09/2017 38 47.773 60,000 15,000


Quebecor inc. 1 08/09/2017 38 46.976 75,000 15,000


Quebecor inc. 1 11/09/2017 38 46.721 90,000 15,000


Quebecor inc. 1 12/09/2017 38 46.634 105,000 15,000


Quebecor inc. 1 13/09/2017 38 46.643 120,000 15,000


Quebecor inc. 1 14/09/2017 38 46.706 135,000 15,000


Quebecor inc. 1 15/09/2017 38 46.822 150,000 15,000


Quebecor inc. 1 18/09/2017 38 46.744 165,000 15,000


Quebecor inc. 1 19/09/2017 38 46.914 180,000 15,000


Quebecor inc. 1 20/09/2017 38 46.971 195,000 15,000


Quebecor inc. 1 21/09/2017 38 47.176 210,000 15,000


Quebecor inc. 1 22/09/2017 38 47.039 225,000 15,000


Quebecor inc. 1 25/09/2017 38 46.564 240,000 15,000


Quebecor inc. 1 26/09/2017 38 46.707 255,000 15,000


Quebecor inc. 1 27/09/2017 38 46.633 270,000 15,000


Quebecor inc. 1 28/09/2017 38 46.707 285,000 15,000


Quebecor inc. 1 29/09/2017 38 46.823 298,800 13,800


Quebecor inc. 1 30/09/2017 38 0 -298,800

R&R Real Estate Investment Trust

Special Voting Units Klingher, Michael 5 25/08/2014 00


Special Voting Units Klingher, Michael 5 03/10/2017 11 0.2 7,531,857 7,531,857


Special Voting Units Mangalji, Majid 4 25/08/2014 00


Special Voting Units Mangalji, Majid 4 03/10/2017 11 0.2 50,503,793 50,503,793

Raging River Exploration Inc. Units Deferred Share Units

BUGEAUD, GARY RONALD JOSEPH

4 29/09/2017 56 7.87 27,183 2,382


Fink, George Frederick 4 29/09/2017 56 25,340 2,064

Raging River Exploration Inc. Common Shares Grimwood, Jonathan L. 5 02/10/2017 00

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8388



Acquired/ Disposed

Raging River Exploration Inc. Options Grimwood, Jonathan L. 5 02/10/2017 00

Raging River Exploration Inc. Options Grimwood, Jonathan L. 5 02/10/2017 50 7.87 150,000 150,000

Raging River Exploration Inc. Units Performance Share Units

Grimwood, Jonathan L. 5 02/10/2017 00

Raging River Exploration Inc. Units Performance Share Units

Grimwood, Jonathan L. 5 02/10/2017 56 25,000 25,000

Raging River Exploration Inc. Units Restricted Share Units

Grimwood, Jonathan L. 5 02/10/2017 00


Grimwood, Jonathan L. 5 02/10/2017 56 45,000 45,000

Raging River Exploration Inc. Common Shares Lundberg, Chad 5 03/10/2017 57 7.7 21,050 15,000


Lundberg, Chad 5 03/10/2017 57 7.7 30,000 -15,000


Olson, Kevin 4 29/09/2017 56 7.87 29,944 2,858


Pearce, David Lawrence 4 29/09/2017 56 7.87 26,722 2,303

Rainy Mountain Royalty Corp. (formerly East West Resource Corporation)

Common Shares Mason, Douglas Lawrence 4, 5 02/10/2017 10 0.08 1,050,000 -200,000

RavenQuest Biomed Inc. Common Shares Avila, Leovigildo 7 29/09/2017 00 286,031

RavenQuest Biomed Inc. Common Shares Avila, Noel 7 29/09/2017 00 2,860,310

RavenQuest Biomed Inc. Warrants Bechtel, Chris 4 06/09/2017 00 400,000

RavenQuest Biomed Inc. Warrants BONET, JORGE 4 06/09/2017 00 400,000

Razor Energy Corp. Common Shares Bailey, Douglas George 4, 5 29/09/2017 30 1.52 1,077,981 229

Razor Energy Corp. Common Shares Braun, Kevin Edward 5 29/09/2017 30 1.52 127,369 178

Razor Energy Corp. Common Shares Gill, Sanjib Singh 4 29/09/2017 30 1.52 40,750 102

Razor Energy Corp. Common Shares Mottahed, Shahin (Sonny) 4 29/09/2017 30 1.52 407,789 102

Razor Energy Corp. Common Shares Mueller, Lisa Ann 5 29/09/2017 30 1.52 48,382 178

Razor Energy Corp. Common Shares Muller, Frank Peter 4, 5 29/09/2017 10 1.52 856,772 204

Razor Energy Corp. Common Shares Razor Energy Corp. 1 14/09/2017 00

Razor Energy Corp. Common Shares Razor Energy Corp. 1 14/09/2017 38 1.6 50,000 50,000



Razor Energy Corp. Common Shares Razor Energy Corp. 1 21/09/2017 38 48,400 -50,000


Razor Energy Corp. Common Shares Razor Energy Corp. 1 28/09/2017 38 0 -65,900

Razor Energy Corp. Common Shares Saxon, Vick 4 29/09/2017 30 1.52 389,789 102

Razor Energy Corp. Common Shares Smith, Stanley Thomas 4 29/09/2017 30 1.52 199,436 102

Razor Energy Corp. Common Shares Sundstrom, Devin Kent 5 29/09/2017 30 1.52 163,002 178

Razor Energy Corp. Common Shares Sych, Stephen George 5 29/09/2017 30 1.52 154,669 178

Real Matters Inc. Common Shares Pawelek, Mark 7 28/09/2017 90 44,086 -914

Real Matters Inc. Common Shares Pawelek, Mark 7 05/05/2017 00

Real Matters Inc. Common Shares Pawelek, Mark 7 28/09/2017 90 914 914

Redknee Solutions Inc. Subordinate Voting Shares (Common shares redesignated-Apr/17)

Kothari, Vishal 5 12/09/2017 30 0.7 66,695 9,639

Redline Communications Group Inc.

Options Demirian, Eric 4 27/09/2017 50 1.47 50,000 6,250


Rights Deferred Share Units - Cash Settled

Demirian, Eric 4 26/06/2013 00



Demirian, Eric 4 27/09/2017 56 80,620 80,620


Options Gould, Jeffrey Paul 5 01/10/2015 00


Options Gould, Jeffrey Paul 5 27/09/2017 50 1.47 12,500 12,500


Options Ritchie, Joan Marie 5 27/09/2017 50 1.47 20,000 13,750


Options Roberts, David John 4 27/09/2017 50 1.47 37,500 6,250



Roberts, David John 4 07/03/2016 00

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8389



Acquired/ Disposed



Roberts, David John 4 27/09/2017 56 80,620 80,620


Options Somji, Nizar Jaffer 4 27/09/2017 50 1.47 50,000 6,250



Somji, Nizar Jaffer 4 19/12/2013 00



Somji, Nizar Jaffer 4 27/09/2017 56 80,620 80,620


Options Williams, Robert Lloyd 5 27/09/2017 50 1.47 454,500 29,500

REIT INDEXPLUS Income Fund

Trust Units REIT INDEXPLUS Income Fund

1 29/09/2017 38 12.23 9,669,079 700

REIT INDEXPLUS Income Fund

Trust Units REIT INDEXPLUS Income Fund

1 03/10/2017 38 12.1 9,669,279 200

Renforth Resources Inc. Options Appleby, Kyle Michael 5 05/10/2017 50 1,650,000 300,000

Renforth Resources Inc. Options Wahl, David George 4 05/10/2017 50 1,075,000 250,000

Restaurant Brands International Inc.

Common Shares Cil, José E. 5 28/09/2017 51 3.54 174,631 79,750


Common Shares Cil, José E. 5 28/09/2017 10 64 138,592 -36,039


Common Shares Cil, José E. 5 29/09/2017 51 3.54 352,959 214,367


Common Shares Cil, José E. 5 29/09/2017 10 63.68 256,087 -96,872


Options Cil, José E. 5 28/09/2017 51 3.54 1,436,254 -79,750


Options Cil, José E. 5 29/09/2017 51 3.54 -214,967


Options Cil, José E. 5 29/09/2017 51 3.54 1,221,887 -214,367


Units Restricted Shares Cil, José E. 5 03/10/2017 35 53,349 166


Units Restricted Shares Domanko, Jonathan 7 03/10/2017 35 940 3


Units Restricted Shares Friesner, Jacqueline 5 03/10/2017 35 13,684 42


Units Restricted Shares Giles-Klein, Lisa 7 03/10/2017 35 11,854 37


Units Restricted Shares Goncalves, Heitor 5 03/10/2017 35 44,742 139


Units Restricted Shares Granat, Jill 5 03/10/2017 35 30,061 94


Units Restricted Shares John, Andrea 7 03/10/2017 35 34,815 108


Units Restricted Shares Kobza, Joshua 5 03/10/2017 35 406,107 1,260


Units Restricted Shares McGrade, Patrick Michael 7 03/10/2017 35 10,259 32


Units Restricted Shares Santoro, Alexandre 7 03/10/2017 35 109,090 340


Units Restricted Shares Schwartz, Daniel S. 4, 6, 5 03/10/2017 35 86,412 268


Units Restricted Shares Siddiqui, Sami 7 03/10/2017 35 173,623 539


Units Restricted Shares Tome, Vicente 7 03/10/2017 35 4,710 15

Richards Packaging Income Fund

Exchangeable Shares of Richards Packaging Holdings Inc.

Glynn, Gerard Walter 3, 4, 7 28/09/2017 99 20.5 0 -10,700



Glynn, Gerard Walter 3, 4, 7 28/09/2017 10 28.45 13,787 13,787




Insider Reporting

October 12, 2017

(2017), 40 OSCB 8390



Acquired/ Disposed



Glynn, Gerard Walter 3, 4, 7 28/09/2017 10 28.45 81,421 -500



Glynn, Gerard Walter 3, 4, 7 28/09/2017 10 28.45 6,787 500



Glynn, Gerard Walter 3, 4, 7 28/09/2017 99 20.5 13,787 7,000





Special Voting Units Glynn, Gerard Walter 3, 4, 7 28/09/2017 99 20.5 0 -10,700


Special Voting Units Glynn, Gerard Walter 3, 4, 7 28/09/2017 10 28.45 13,787 13,787




Special Voting Units Glynn, Gerard Walter 3, 4, 7 28/09/2017 10 28.45 81,421 -500


Special Voting Units Glynn, Gerard Walter 3, 4, 7 28/09/2017 10 28.45 6,787 500


Special Voting Units Glynn, Gerard Walter 3, 4, 7 28/09/2017 10 20.5 13,787 7,000



Ridgewood Canadian Investment Grade Bond Fund

Units Ridgewood Capital Asset Management

3 29/09/2017 10 14.98 6,625,622 2,366



3 29/09/2017 10 14.98 6,624,454 -1,168



3 02/10/2017 10 14.98 6,624,503 49



3 02/10/2017 10 14.98 6,624,450 -53



3 04/10/2017 10 14.98 6,625,560 1,110



3 04/10/2017 10 14.98 6,624,352 -1,208



3 05/10/2017 10 14.98 6,624,152 -200



3 05/10/2017 10 14.98 6,624,502 350


Units Simpson, John H. 5 29/09/2017 10 14.98 32,147 -107


Units Simpson, John H. 5 02/10/2017 10 14.98 32,127 -20

Rockhaven Resources Ltd. Common Shares Eaton, William Douglas 6 02/10/2017 10 11,707,500 1,500

Rocky Mountain Dealerships Inc.

Rights DSU Crawford, Cameron Walter 4 29/09/2017 56 8,652 90


Rights DSU Crawford, Cameron Walter 4 01/10/2017 56 9,681 1,029


Rights DSU DeJong, William 4 29/09/2017 56 8,652 90


Rights DSU DeJong, William 4 01/10/2017 56 9,681 1,029


Rights DSU Herdman, Robert 4 29/09/2017 56 2,308 24


Rights DSU Herdman, Robert 4 01/10/2017 56 3,337 1,029


Rights DSU Mackay, Robert King 4 29/09/2017 56 20,496 213


Rights DSU Mackay, Robert King 4 01/10/2017 56 21,525 1,029


Rights DSU Tannas, Scott 4 29/09/2017 56 14,411 150


Rights DSU Tannas, Scott 4 01/10/2017 56 15,440 1,029

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8391



Acquired/ Disposed

Rogers Communications Inc. Deferred Share Units Berner, Robert F. 7, 5 30/09/2017 38 7,749 -997

Rogers Communications Inc. Performance Deferred Share Units

Berner, Robert F. 7, 5 30/09/2017 38 21,780 -8,908

Rogers Communications Inc. Deferred Share Units Brooks, Bonnie 4 30/09/2017 56 6,943 189

Rogers Communications Inc. Deferred Share Units Burgess, Robert Kenneth 4 30/09/2017 56 4,217 395

Rogers Communications Inc. Deferred Share Units Marcoux, Isabelle 4 30/09/2017 56 34,980 508

Rogers Communications Inc. Deferred Share Units Peterson, David Robert 4 30/09/2017 56 101,678 375

Rogers Communications Inc. Deferred Share Units Sirois, Charles 4 30/09/2017 56 63.987 28,566 625

Roxgold Inc. Common Shares Dorward, John Andrew 4, 5 03/10/2017 51 0.96 910,500 200,000

Roxgold Inc. Common Shares Dorward, John Andrew 4, 5 03/10/2017 10 1.2368 710,500 -200,000

Roxgold Inc. Options Dorward, John Andrew 4, 5 03/10/2017 51 0.96 3,025,000 -200,000

Royal Bank of Canada Common Shares Royal Bank of Canada 1 14/09/2017 38 92.162 212,000 212,000



Royal Bank of Canada Common Shares Royal Bank of Canada 1 18/09/2017 38 391,900 -212,000




Royal Bank of Canada Common Shares Royal Bank of Canada 1 21/09/2017 38 0 -48,100

Royal Nickel Corporation Rights Restricted Share Units

Goudie, Peter James 4 29/09/2017 56 567,513 65,445


Hand, Scott McKee 4, 5 29/09/2017 56 1,329,676 163,613


Jones, Peter Clark 4 29/09/2017 56 605,063 65,445


Marzoli, Frank 4 29/09/2017 56 446,529 45,812


Masson, Gilles 4 29/09/2017 56 620,702 71,990


McInnes, Donald Arthur 4 03/10/2017 56 0.191 478,948 52,356

Royal Road Minerals Limited Ordinary Shares Coughlin, Timothy James 4, 5 05/10/2017 10 0.09 3,687,958 10,000

Royal Road Minerals Limited Ordinary Shares Coughlin, Timothy James 4, 5 05/10/2017 10 0.09 3,697,958 10,000

Royalty North Partners Ltd. Common Shares BUSS, CHRISTOPHER A. 4, 5 29/09/2017 37 128,186 -1,153,675

Royalty North Partners Ltd. Convertible Debentures September 2017

BUSS, CHRISTOPHER A. 4, 5 08/09/2017 16 $15,000


BUSS, CHRISTOPHER A. 4, 5 08/09/2017 16 $50,000


BUSS, CHRISTOPHER A. 4, 5 08/09/2017 16 $50,000 $50,000

Royalty North Partners Ltd. Options BUSS, CHRISTOPHER A. 4, 5 29/09/2017 37 127,500 -247,500

Royalty North Partners Ltd. Options BUSS, CHRISTOPHER A. 4, 5 29/09/2017 37 37,500 -90,000

Royalty North Partners Ltd. Warrants BUSS, CHRISTOPHER A. 4, 5 19/06/2017 55 792,100 -85,741



Royalty North Partners Ltd. Warrants BUSS, CHRISTOPHER A. 4, 5 29/09/2017 38 0 -300,000

Royalty North Partners Ltd. Warrants BUSS, CHRISTOPHER A. 4, 5 29/09/2017 37 292,100 292,100

Royalty North Partners Ltd. Warrants BUSS, CHRISTOPHER A. 4, 5 29/09/2017 37 592,100 300,000

Royalty North Partners Ltd. Common Shares CURRIE, JUSTIN LENNOX 4, 5 29/09/2017 37 99,000 -891,000

Royalty North Partners Ltd. Common Shares CURRIE, JUSTIN LENNOX 4, 5 29/09/2017 37 59,333 -534,000


CURRIE, JUSTIN LENNOX 4, 5 08/09/2017 16 $100,000


CURRIE, JUSTIN LENNOX 4, 5 08/09/2017 16 $100,000 $100,000

Royalty North Partners Ltd. Options CURRIE, JUSTIN LENNOX 4, 5 29/09/2017 37 32,500 -292,500

Royalty North Partners Ltd. Warrants CURRIE, JUSTIN LENNOX 4, 5 29/09/2017 38 75,000 -840,000

Royalty North Partners Ltd. Warrants CURRIE, JUSTIN LENNOX 4, 5 29/09/2017 38 0 -75,000

Royalty North Partners Ltd. Warrants CURRIE, JUSTIN LENNOX 4, 5 29/09/2017 37 840,000 840,000

Royalty North Partners Ltd. Warrants CURRIE, JUSTIN LENNOX 4, 5 29/09/2017 37 915,000 75,000

Royalty North Partners Ltd. Warrants CURRIE, JUSTIN LENNOX 4, 5 19/06/2017 55 0 -364,000

Royalty North Partners Ltd. Common Shares HOLLANDS, H. CLARK 4 29/09/2017 37 82,500 -742,500

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8392



Acquired/ Disposed

Royalty North Partners Ltd. Common Shares HOLLANDS, H. CLARK 4 29/09/2017 37 519,866 -4,678,795


HOLLANDS, H. CLARK 4 08/09/2017 16 $800,000


HOLLANDS, H. CLARK 4 08/09/2017 16 $800,000 $800,000

Royalty North Partners Ltd. Options HOLLANDS, H. CLARK 4 29/09/2017 37 15,000 -135,000

Royalty North Partners Ltd. Warrants HOLLANDS, H. CLARK 4 29/09/2017 38 0 -300,000

Royalty North Partners Ltd. Warrants HOLLANDS, H. CLARK 4 29/09/2017 37 300,000 300,000

Royalty North Partners Ltd. Warrants HOLLANDS, H. CLARK 4 19/06/2017 55 2,867,917 -352,625

Royalty North Partners Ltd. Warrants HOLLANDS, H. CLARK 4 29/09/2017 38 1,666,667 -1,201,250

Royalty North Partners Ltd. Warrants HOLLANDS, H. CLARK 4 29/09/2017 38 0 -1,666,667

Royalty North Partners Ltd. Warrants HOLLANDS, H. CLARK 4 29/09/2017 37 1,201,250 1,201,250

Royalty North Partners Ltd. Warrants HOLLANDS, H. CLARK 4 29/09/2017 37 2,867,917 1,666,667

Royalty North Partners Ltd. Common Shares SCHELLENBERG, DAVID ALFRED

4 29/09/2017 37 266,667 -2,399,999

Royalty North Partners Ltd. Common Shares SCHELLENBERG, DAVID ALFRED

4 29/09/2017 37 183,333 -1,650,000

Royalty North Partners Ltd. Options SCHELLENBERG, DAVID ALFRED

4 29/09/2017 37 15,000 -135,000

Royalty North Partners Ltd. Warrants SCHELLENBERG, DAVID ALFRED

4 29/09/2017 38 0 -1,333,333


4 29/09/2017 37 1,333,333 1,333,333


4 19/06/2017 55 1,240,000 -364,000


4 29/09/2017 38 0 -1,240,000


4 29/09/2017 37 1,240,000 1,240,000

Royalty North Partners Ltd. Common Shares Smith, Gregory 4 29/09/2017 37 59,292 -533,625

Royalty North Partners Ltd. Options Smith, Gregory 4 29/09/2017 37 15,000 -135,000

Royalty North Partners Ltd. Warrants Smith, Gregory 4 19/06/2017 55 387,500 -113,750

Royalty North Partners Ltd. Warrants Smith, Gregory 4 29/09/2017 38 0 -387,500

Royalty North Partners Ltd. Warrants Smith, Gregory 4 29/09/2017 37 387,500 387,500

Royalty North Partners Ltd. Common Shares Watson, Nolan Allan 4 29/09/2017 37 762,771 -6,864,937

Royalty North Partners Ltd. Options Watson, Nolan Allan 4 29/09/2017 37 15,000 -135,000

Royalty North Partners Ltd. Warrants Watson, Nolan Allan 4 19/06/2017 55 4,038,750 -534,625

Royalty North Partners Ltd. Warrants Watson, Nolan Allan 4 29/09/2017 38 2,217,500 -1,821,250

Royalty North Partners Ltd. Warrants Watson, Nolan Allan 4 29/09/2017 38 0 -2,217,500

Royalty North Partners Ltd. Warrants Watson, Nolan Allan 4 29/09/2017 37 1,821,250 1,821,250

Royalty North Partners Ltd. Warrants Watson, Nolan Allan 4 29/09/2017 37 4,038,750 2,217,500

Rupert Resources Ltd. Common Shares Brimacombe, Alan Douglas 3 03/10/2017 10 0.965 18,997,800 5,000




Russel Metals Inc. Rights Deferred Share Units (cash settled)

Benedetti, Alain 4 30/09/2017 56 46,309 656


Clark, John 4 30/09/2017 56 32,126 1,475


Dinning, James Francis 4 30/09/2017 56 31,298 656


Hanna, John 4 30/09/2017 56 31,970 1,347


Jeremiah, Barbara 4 30/09/2017 56 4,226 656


Laberge, Alice D. 4 30/09/2017 56 24,153 656


Lachapelle, Lise 4 30/09/2017 56 31,298 656


O'Reilly, William Michael 5 30/09/2017 56 25,712 655


Tulloch, John Russell 4 30/09/2017 56 12,719 656

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8393



Acquired/ Disposed

Sanatana Resources Inc. Options Doyle, Buddy James 5 05/10/2017 50 0.06 1,800,000 1,000,000

Sanatana Resources Inc. Options Doyle, Buddy James 5 05/10/2017 52 1,000,000 -800,000

Sanatana Resources Inc. Options Miles, Peter Leighton 4, 5 17/02/2016 52 0.3 1,300,000 -1,000,000

Sanatana Resources Inc. Options Miles, Peter Leighton 4, 5 25/06/2017 52 0.35 800,000 -500,000

Sanatana Resources Inc. Options Miles, Peter Leighton 4, 5 28/09/2017 50 0.06 2,300,000 1,500,000

Sanatana Resources Inc. Options WILL, DARCY 4 31/07/2014 00

Sanatana Resources Inc. Options WILL, DARCY 4 28/09/2017 50 0.06 1,000,000 1,000,000

Savary Gold Corp. Common Shares Olesinski, Thomas 4 14/07/2017 00

Savary Gold Corp. Common Shares Olesinski, Thomas 4 13/09/2017 10 0.065 200,000 200,000

Savary Gold Corp. Options Olesinski, Thomas 4 31/03/2015 50 250,000 150,000



Savary Gold Corp. Options Olesinski, Thomas 4 14/07/2017 00 100,000

Scorpion Resources Inc. Common Shares Lichtenwald, Konstantin 5 29/06/2016 00

Scorpion Resources Inc. Common Shares Lichtenwald, Konstantin 5 31/01/2017 10 0.25 20,000 20,000

ScoZinc Mining Ltd. (formerly Selwyn Resources Ltd.)

Common Shares Lazarovici, Victor 4 02/08/2017 10 1.5272 8,100








Common Shares RCF Management LLC 8 06/07/2017 99 0 -400,005


Common Shares Resource Capital Fund IV LP

3 06/07/2017 99 0 -66,787,329


Warrants Resource Capital Fund IV LP

3 23/07/2012 55 12,878,933 -165,846



3 25/08/2013 55 2,028,933 -10,850,000



3 01/09/2013 55 1,875,000 -153,933



3 31/12/2014 55 0 -1,875,000

Seahawk Ventures Inc. Common Shares Ekholm, Ian Jack 3 30/09/2017 55 0.6 50,000

Seahawk Ventures Inc. Common Shares Ekholm, Ian Jack 3 30/09/2017 55 0.6 1,278,200 -50,000

Seahawk Ventures Inc. Common Shares Ekholm, Ian Jack 3 30/09/2017 55 0.6 2,759,000 -950,000

SEMAFO INC. Common Shares Desormeaux, Benoit 4, 5 29/09/2017 10 3.33 252,400 10,000

SEMAFO INC. Common Shares Milette, Martin 5 28/09/2017 10 3.345 29,900 29,900

Senvest Capital Inc. Common Shares Senvest Capital Inc. 1 05/09/2017 10 212 400

Senvest Capital Inc. Common Shares Senvest Capital Inc. 1 05/09/2017 38 212 400 400


Senvest Capital Inc. Common Shares Senvest Capital Inc. 1 07/09/2017 38 212 500 100

Senvest Capital Inc. Common Shares Senvest Capital Inc. 1 14/09/2017 10 217.98 1,000

Senvest Capital Inc. Common Shares Senvest Capital Inc. 1 14/09/2017 38 217.98 1,500 1,000


Senvest Capital Inc. Common Shares Senvest Capital Inc. 1 15/09/2017 38 218 1,700 200











Serabi Gold plc Options ALEGRIA OLATE, HECTOR AQUILES

4 29/09/2017 52 0.055 3,000,000 -1,000,000

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8394



Acquired/ Disposed

Serabi Gold plc Options Banados Lyon, Nicolas Ramon

4 29/09/2017 52 0.055 3,000,000 -1,200,000

Serabi Gold plc Options Swett, Felipe 4 29/09/2017 52 0.055 3,000,000 -1,000,000

Seven Generations Energy Ltd.


Brown, Kevin Jack 4 29/09/2017 56 20,040 2,788


17,640 common shares (short position)

Canada Pension Plan Investment Board

3 03/10/2017 72 derivative 0 -12,490


Common Shares Class A Canada Pension Plan Investment Board

3 03/10/2017 10 20.08 10,219,990 744,690



3 03/10/2017 72 derivative 10,207,500 -12,490



3 04/10/2017 10 20.227 10,511,400 303,900



Canada Pension Plan Investment Board

3 29/09/2017 56 9,900 1,504



Carlson, Patrick Beverley 4 29/10/2014 00



Carlson, Patrick Beverley 4 29/09/2017 56 2,694 2,694



DOERR, Harvey 4 29/09/2017 56 11,149 2,569



Hand, Paul Warren 4 29/09/2017 56 6,099 2,569



Hohm, Dale Jonathan 4 29/09/2017 56 15,402 1,504



Jespersen, Kent 4 29/09/2017 56 13,058 2,339



McAdam, William 4 29/09/2017 56 19,422 2,694



Rakhit, Kaushik 4 29/09/2017 56 15,402 1,504



SHEPPARD, Mary Jacqueline

4 29/09/2017 56 11,254 2,600



van Steenbergen, Jeff 4 29/09/2017 56 15,402 1,504

SHAW COMMUNICATIONS INC.

Directors' Deferred Share Units (DDSU)

Keating, Gregory John 4 31/07/2017 56 27.64 430



Keating, Gregory John 4 31/07/2017 56 27.64 60,842 484



Keating, Gregory John 4 30/09/2017 56 28.73 61,686 416



Pew, Paul Kenneth 4 30/09/2017 56 28.72 94,323 841



Royer, Jeffrey 4 30/09/2017 56 28.74 88,544 508


Non-Voting Shares Class “B”

Shaw, Bradley 4, 5 28/09/2017 30 27.948 3,879 34



Shaw, Bradley 4, 5 28/09/2017 30 27.948 2,249 43



Shaw, Bradley 4, 5 28/09/2017 30 27.948 2,249 43



Shaw, Bradley 4, 5 28/09/2017 30 27.948 2,249 43



Shaw, Bradley 4, 5 28/09/2017 30 27.948 2,249 43



Shaw, Bradley 4, 5 28/09/2017 30 27.948 90 2



Shaw, Heather Ann 3 28/09/2017 30 27.948 2,348 44



Shaw, Jim 4 28/09/2017 30 27.948 202 7



Shaw, Jim 4 28/09/2017 30 27.948 1,568 4



Shaw, Jim 4 28/09/2017 30 27.948 23,120 81



Shaw, Jim 4 28/09/2017 30 27.948 1,568 4

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8395



Acquired/ Disposed



Shaw, Jim 4 28/09/2017 30 27.948 1,039 3



Shaw, Jim 4 28/09/2017 30 27.948 1,568 4



Shaw, Jim 4 28/09/2017 30 27.948 885 38



Shaw, JR 3, 4, 5 28/09/2017 30 27.948 2,548,241 9,150



Shaw, JR 3, 4, 5 28/09/2017 30 27.948 54,714 288



Shaw, JR 3, 4, 5 28/09/2017 30 27.948 18,449 64



Shaw, Julie 5 28/09/2017 30 27.948 27,220 104



Shaw, Julie 5 28/09/2017 30 27.948 3,911 48



Shaw, Julie 5 28/09/2017 30 27.948 3,911 48



Shaw, Julie 5 28/09/2017 30 27.948 4,531 50



Vogel, Carl E. 4 30/09/2017 56 23.03 32,253 271



Weatherill, Sheila Christine 4 30/09/2017 56 28.72 53,521 441



Yuill, Willard 4 05/10/2017 51 26.2 1,043,555 50,000



Yuill, Willard 4 08/12/2015 99 16,135 -1,311


Options Yuill, Willard 4 05/10/2017 51 26.2 0 -50,000

Shopify Inc. Subordinate Voting Shares Class A Subordinate Voting Shares

Lemieux, Jean-Michel 5 02/10/2017 30 119.22 4,774 -3,128

Shopify Inc. Subordinate Voting Shares Class A Subordinate Voting Shares

Lutke, Tobias Albin 4, 5 02/10/2017 30 118.67 108,000 -9,000

Sienna Senior Living Inc. (formerly Leisureworld Senior Care Corporation)

Deferred Share Units Chiesa, Dino 4, 5 30/09/2017 56 137,229 2,213


Deferred Share Units Graham, Janet 4 30/09/2017 56 32,281 1,176


Deferred Share Units Jourdain Coleman, Paula 4 30/09/2017 56 13,193 830


Deferred Share Units MacDonald, Jack C. 4 30/09/2017 56 25,293 1,037


Deferred Share Units McLaughlin, John Gordon 4 30/09/2017 56 41,756 830


Deferred Share Units Sender, Stephen 4 30/09/2017 56 1,185 830

Silver Mountain Mines Inc. Common Shares Konopelky, Stephen Garry 4, 5 03/10/2017 10 0.02 2,063,175 -250,000

Silver Mountain Mines Inc. Common Shares Konopelky, Stephen Garry 4, 5 05/10/2017 10 0.02 2,040,175 -23,000

Silver Viper Minerals Corp. Common Shares Cope, Gary Gordon 4 03/10/2017 10 0.25 1,050,000 50,000

SILVERCORP METALS INC. Options Feng, Rui 4, 5 03/10/2017 50 3.36 2,932,500 140,000

SILVERCORP METALS INC. Options Katusa, Marina 4 29/09/2017 00

SILVERCORP METALS INC. Options Katusa, Marina 4 02/10/2017 50 3.36 100,000 100,000

SILVERCORP METALS INC. Options Kong, David TokPay 4 03/10/2017 50 3.36 526,750 50,000

SILVERCORP METALS INC. Options Liu, Derek Zhihua 5 03/10/2017 50 380,000 50,000

SILVERCORP METALS INC. Options Liu, Yikang 4 03/10/2017 50 3.36 216,270 50,000

SILVERCORP METALS INC. Options Liu, Yuzhou 5 03/10/2017 50 3.36 244,796 40,000

SILVERCORP METALS INC. Options Neal, Gordon 5 03/10/2017 50 3.36 160,000 20,000

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8396



Acquired/ Disposed

SILVERCORP METALS INC. Options Simpson, Stephen Paul 4 03/10/2017 50 3.36 526,750 50,000

SILVERCORP METALS INC. Options Waldman, Lorne 5 03/10/2017 50 3.36 492,376 40,000

SILVERCORP METALS INC. Options ZHANG, YONGMING 5 03/10/2017 50 3.36 372,000 10,000

Skyline Investments Inc. Options Mondell, Paul Lucien 5 24/11/2014 00

Skyline Investments Inc. Options Mondell, Paul Lucien 5 14/11/2016 50 80,000 80,000

Slate Retail REIT Trust Units Class U Units Stevenson, Gregory 5 03/10/2017 10 13.64 26,308 205

Smart Real Estate Investment Trust

Class B Series 1 Units of ONR Limited Partnership I

Goldhar, Mitchell 3 31/10/2003 00



Goldhar, Mitchell 3 04/10/2017 22 30.51 132,881 132,881






Goldhar, Mitchell 3 04/10/2017 22 30.51 137,109 137,109


Class C Series 2 Units of ONR Limited Partership I



Class C Series 2 Units of ONR Limited Partership I

Goldhar, Mitchell 3 04/10/2017 22 540,000 540,000


Special Voting Units Goldhar, Mitchell 3 04/10/2017 11 6,219,693 677,069





SNC-Lavalin Group Inc. Unités d'actions différées (administrateurs)

Bougie, Jacques 4 30/09/2017 56 56.486 13,459 862


Courville, Isabelle 4 30/09/2017 56 56.486 1,315 800


Hughes, Catherine Jeanne 4 30/09/2017 56 56.486 2,980 809


Lynch, Kevin Gordon 4 30/09/2017 56 56.486 2,188 1,333


Newman, Steven Leon 4 30/09/2017 56 56.486 6,933 829


Raby, Jean 4 30/09/2017 56 56.486 4,338 507


Rheaume, Alain 4 30/09/2017 56 56.486 10,699 539


SIEGEL, Eric 4 30/09/2017 56 56.486 18,446 887


Smati, Zine Edine 4 30/09/2017 56 56.486 4,663 817


STEVENSON, Lawrence N. 4 30/09/2017 56 56.486 31,765 1,120


Warmbold, Benita Marie 4 30/09/2017 56 56.486 1,315 800

Solegear Bioplastic Technologies Inc. (formerly Rodeo Capital III Corp.)

Common Shares Labonte, Michel 5 05/10/2017 16 0.1 229,402 100,000


Warrants Labonte, Michel 5 05/10/2017 53 0.15 166,902 100,000


Common Shares Yaletown Ventures II GP Inc.

3 29/09/2017 11 0.1 23,161,130 4,013,165


OTC Puts (including Private Options to Sell)

Yaletown Ventures II GP Inc.

3 30/09/2015 70 0.3 -2,880,000




3 30/09/2015 70 0.3 2,880,000 2,880,000




3 30/09/2017 38 0 -2,880,000


Warrants Yaletown Ventures II GP Inc.

3 03/10/2017 55 4,716,110 -239,792

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8397



Acquired/ Disposed

Sonoro Energy Ltd. Common Shares Robinson, David 4 02/02/2015 00

Sonoro Energy Ltd. Common Shares Robinson, David 4 27/09/2017 10 0.04 60,000 60,000

Sonoro Energy Ltd. Common Shares Robinson, David 4 27/09/2017 10 0.04 548,000 50,000

Southern Arc Minerals Inc. Common Shares Miller, III, Lloyd I. 3 05/10/2017 10 0.5724 894,900 6,500

Southern Arc Minerals Inc. Common Shares Southern Arc Minerals Inc. 1 08/09/2017 38 0.73 0 -31,000






Southern Arc Minerals Inc. Common Shares Southern Arc Minerals Inc. 1 02/10/2017 38 0.72 2,000 2,000



Spanish Mountain Gold Ltd. Common Shares Coxe, Donald Gordon Maxwell

4 28/09/2017 16 0.13 1,116,666 200,000

Spanish Mountain Gold Ltd. Warrants Coxe, Donald Gordon Maxwell

4 28/09/2017 16 866,666 200,000

Spanish Mountain Gold Ltd. Common Shares Lattanzi, Christopher 4 28/09/2017 16 0.13 866,667 200,000

Spanish Mountain Gold Ltd. Warrants Lattanzi, Christopher 4 28/09/2017 16 866,667 200,000

Spanish Mountain Gold Ltd. Common Shares Yau, Larry 5 28/09/2017 16 0.13 4,538,737 1,024,193

Spanish Mountain Gold Ltd. Warrants Yau, Larry 5 28/09/2017 16 4,475,404 1,024,193

Sphere 3D Corp. Common Shares Kalbfleisch, Kurt 5 11/07/2017 37 -234,360

Sphere 3D Corp. Common Shares Kalbfleisch, Kurt 5 11/07/2017 37 9,764 -234,361

Sphere 3D Corp. Common Shares Kalbfleisch, Kurt 5 11/09/2017 10 4.55 10,491 -250

Sphere 3D Corp. Restricted Stock Unit Kalbfleisch, Kurt 5 10/07/2017 56 152,000 32,000

Sphere 3D Corp. Common Shares kelly, eric 4, 5 11/07/2017 37 -1,214,805

Sphere 3D Corp. Common Shares kelly, eric 4, 5 11/07/2017 37 50,615 -1,214,807

Sphere 3D Corp. Restricted Stock Unit kelly, eric 4, 5 10/07/2017 56 216,000 48,000

Spot Coffee (Canada) Ltd. Common Shares AYOUB, ANTON MICHEL 4, 5 28/09/2017 10 0.17 1,684,958 4,000




Spot Coffee (Canada) Ltd. Common Shares Lorenzo, John Michael 4 29/09/2017 10 0.17 6,681,857 28,500




Sprott Resource Holdings Inc. (formerly Adriana Resources Inc. )

EPSP Designation Yuzpe, Stephen Mark 4, 5 29/09/2017 56 0.15 2,393,582 25,106

SQI Diagnostics Inc. Common Shares Connor, Gerald R. 4 02/10/2017 97 3,687,003 -8,300

SSR Mining Inc. (Silver Standard Resources Inc.)

Deferred Share Unit Anglin, Mike Arthur E. 4 01/10/2017 56 13.26 113,032 4,713


Deferred Share Unit Booth, Brian 4 01/10/2017 56 13.26 11,375 2,073


Options Gilligan, Jonathan 5 29/09/2017 10 7.37 177,734 -56,500


Options Gilligan, Jonathan 5 29/09/2017 10 5.83 132,334 -45,400


Deferred Share Unit Herrero, Gustavo Adolfo 4 01/10/2017 56 13.26 79,359 2,639


Deferred Share Unit Park, Beverlee Faye 4 01/10/2017 56 13.26 49,991 2,639


Deferred Share Unit Paterson, Richard 4 01/10/2017 56 13.26 113,150 2,828


Deferred Share Unit Reid, Steven Paul 4 01/10/2017 56 13.26 59,471 2,121

St-Georges Platinum & Base Metals Ltd.

Common Shares Dumas, Francois 3, 4, 5 27/09/2017 10 0.03 5,125,541 130,000

Stantec Inc. Common Shares Ammerman, Douglas Keith 4 02/10/2017 10 34.76 27,796 380

Stantec Inc. Common Shares Franceschini, Anthony P. 4 02/10/2017 10 34.66 303,901 372

Stantec Inc. Common Shares Hartman, Susan Elaine 4 02/10/2017 10 34.76 12,431 370

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8398



Acquired/ Disposed

Stingray Digital Group Inc. Actions qui suivent indirectem les actions de l'émetteur

Sirois, François-Charles 4 05/10/2017 38 1.3997 93,505 -6,495

Strad Energy Services Ltd. Common Shares Wood, Lyle 3, 4 26/09/2017 11 -213,387

Strad Energy Services Ltd. Common Shares Wood, Lyle 3, 4 26/09/2017 11 64,016 -149,371



Strad Energy Services Ltd. Common Shares Wood, Lyle 3, 4 26/09/2017 11 92,758 -120,629

Street Capital Group Inc. Common Shares Levy, Robert Adam 7 28/09/2017 51 0.65 922,494 110,000

Street Capital Group Inc. Options Levy, Robert Adam 7 28/09/2017 51 0.65 0 -110,000

Strongco Corporation Common Shares Forbes, Christopher 5 29/09/2017 10 1.4705 17,179 -1,494

Stuart Olson Inc. Rights Deferred Share Units (DSUs)

Ballantyne, Richard Thomas 4 30/09/2017 56 5.28 54,305 2,604


Bellstedt, Albrecht Wilhelm Albert

4 30/09/2017 56 5.28 110,947 3,314


Danard, Chad 4 30/09/2017 56 5.28 69,920 2,367


Graham, Roderick William 4 30/09/2017 56 5.28 53,831 2,367


Hanrahan, Wendy 4 30/09/2017 56 5.28 102,110 3,078


Loberg, Carmen Richard 4 30/09/2017 56 5.28 109,225 3,078


Reid, Ian MacNevin 4 30/09/2017 56 5.28 120,636 3,788

Student Transportation Inc. (formerly, Student Transportation of America Ltd.)

Performance Share Grant Units

Altieri, Paula 5 01/07/2015 00



Altieri, Paula 5 02/10/2017 56 20,270 20,270



DiMaiolo, John 5 03/10/2012 00



DiMaiolo, John 5 02/10/2017 56 20,270 20,270



Gallagher, Denis Joseph 4, 5 13/12/2004 00



Gallagher, Denis Joseph 4, 5 02/10/2017 56 101,351 101,351



Vaughan, Patrick 5 03/10/2012 00



Vaughan, Patrick 5 02/10/2017 56 50,676 50,676



Walker, Patrick John 5 18/12/2008 00



Walker, Patrick John 5 02/10/2017 56 50,676 50,676

Subscribe Technologies Inc. Common Shares Munsie, Wesley Ward 4 05/10/2017 10 0.04 228,000 5,000

Summit Industrial Income REIT

Trust Units Dykeman, Paul 4, 5 19/07/2017 30 7.01 15,992 73

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8399



Acquired/ Disposed












Trust Units Dykeman, Paul 4, 5 19/07/2017 30 7.01 63,671 1,454























Sun Life Financial Inc. Deferred Share Units Accum, Claude 5 29/09/2017 30 49.05 20,549 181

Sun Life Financial Inc. Units Sun Shares Accum, Claude 5 29/09/2017 30 49.05 58,265 512

Sun Life Financial Inc. Deferred Share Units Anderson, William D. 4 29/09/2017 30 49.05 16,667 1,177

Sun Life Financial Inc. Deferred Share Units Blair, Carolyn Diane 5 29/09/2017 30 49.05 15,460 136

Sun Life Financial Inc. Units Sun Shares Blair, Carolyn Diane 5 29/09/2017 30 49.05 39,414 347

Sun Life Financial Inc. Deferred Share Units Brown, Randolph 5 29/09/2017 30 49.05 36,204 319

Sun Life Financial Inc. Units Sun Shares Brown, Randolph 5 29/09/2017 30 49.05 148,942 1,309

Sun Life Financial Inc. Deferred Share Units Connor, Dean 4, 5 29/09/2017 30 49.05 129,223 1,136

Sun Life Financial Inc. Units Sun Shares Connor, Dean 4, 5 29/09/2017 30 49.05 291,317 2,561

Sun Life Financial Inc. Deferred Share Units Coyles, Stephanie 4 29/09/2017 30 49.05 1,947 548

Sun Life Financial Inc. Deferred Share Units Dougherty, Kevin 5 29/09/2017 30 49.05 17,042 150

Sun Life Financial Inc. Units Sun Shares Dougherty, Kevin 5 29/09/2017 30 49.05 87,858 773

Sun Life Financial Inc. Deferred Share Units Dougherty, Linda 5 29/09/2017 30 49.05 7,276 64

Sun Life Financial Inc. Units Sun Shares Dougherty, Linda 5 29/09/2017 30 49.05 20,410 180

Sun Life Financial Inc. Units Sun Shares Fishbein, Daniel 5 29/09/2017 30 49.05 81,165 714

Sun Life Financial Inc. Deferred Share Units Freyne, Colm Joseph 5 29/09/2017 30 49.05 57,209 503

Sun Life Financial Inc. Units Sun Shares Freyne, Colm Joseph 5 29/09/2017 30 49.05 65,376 575

Sun Life Financial Inc. Deferred Share Units Glynn, Martin John Gardner 4 29/09/2017 30 49.05 15,251 1,195

Sun Life Financial Inc. Common Shares Harris, M. Marianne 4 29/09/2017 30 49.236 5,484 48

Sun Life Financial Inc. Deferred Share Units Harris, M. Marianne 4 29/09/2017 30 49.05 20,343 1,492

Sun Life Financial Inc. Deferred Share Units Kennedy, Melissa Jane 5 29/09/2017 30 49.05 6,791 60

Sun Life Financial Inc. Units Sun Shares Kennedy, Melissa Jane 5 29/09/2017 30 49.05 36,578 322

Sun Life Financial Inc. Deferred Share Units Lewis, Sara 4 29/09/2017 30 49.05 13,388 1,553

Sun Life Financial Inc. Deferred Share Units McCormick, Christopher 4 29/09/2017 30 49.05 821 538

Sun Life Financial Inc. Deferred Share Units Morrissey, Kevin 5 29/09/2017 30 49.05 2,728 24

Sun Life Financial Inc. Units Sun Shares Morrissey, Kevin 5 29/09/2017 30 49.05 19,527 172

Sun Life Financial Inc. Deferred Share Units Peacher, Stephen 5 29/09/2017 30 49.05 26,620 234

Sun Life Financial Inc. Units Sun Shares Peacher, Stephen 5 29/09/2017 30 49.05 134,128 1,180

Sun Life Financial Inc. Deferred Share Units Powers, Scott F. 4 29/09/2017 30 49.05 6,070 1,217

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8400



Acquired/ Disposed

Sun Life Financial Inc. Deferred Share Units Raymond, Réal 4 29/09/2017 30 49.05 15,100 714

Sun Life Financial Inc. Units Sun Shares Saunders, Mark 5 29/09/2017 30 49.05 40,469 355

Sun Life Financial Inc. Deferred Share Units Segal, Hugh David 4 29/09/2017 30 49.05 19,373 701

Sun Life Financial Inc. Units Sun Shares Strain, Kevin 5 29/09/2017 30 49.05 68,936 606

Sun Life Financial Inc. Deferred Share Units Stymiest, Barbara Gayle 4 29/09/2017 30 49.05 27,394 1,397

Sun Life Financial Inc. Common Shares Sun Life Financial 1 01/09/2017 38 48.153 423,144 105,144

Sun Life Financial Inc. Common Shares Sun Life Financial 1 01/09/2017 38 317,144 -106,000





Sun Life Financial Inc. Common Shares Sun Life Financial 1 08/09/2017 38 203,000 -515,144


Sun Life Financial Inc. Common Shares Sun Life Financial 1 15/09/2017 38 0 -308,854

Sun Life Financial Inc. Units Sun Shares Van den Hoogen, Marlene 5 29/09/2017 30 49.05 10,915 96

Suncor Energy Inc. Deferred Share Units Bedient, Patricia Margaret 4 25/09/2017 30 41.89 17,830 135

Suncor Energy Inc. Deferred Share Units Bedient, Patricia Margaret 4 30/09/2017 30 43.02 19,756 1,926

Suncor Energy Inc. Deferred Share Units Benson, Mel Edward 4 25/09/2017 30 41.89 93,788 711

Suncor Energy Inc. Deferred Share Units Benson, Mel Edward 4 30/09/2017 30 43.02 95,083 1,295

Suncor Energy Inc. Deferred Share Units Cote, Jacynthe 4 25/09/2017 30 41.89 27,540 208

Suncor Energy Inc. Deferred Share Units Cote, Jacynthe 4 30/09/2017 30 43.02 29,364 1,824

Suncor Energy Inc. Deferred Share Units D'Alessandro, Dominic 4 25/09/2017 30 41.89 77,440 587

Suncor Energy Inc. Deferred Share Units D'Alessandro, Dominic 4 30/09/2017 30 43.02 79,293 1,853

Suncor Energy Inc. Deferred Share Units Gass, John Donald 4 25/09/2017 30 41.89 32,415 245

Suncor Energy Inc. Deferred Share Units Gass, John Donald 4 30/09/2017 30 43.02 33,996 1,581

Suncor Energy Inc. Deferred Share Units Huff, John Rossman 4 25/09/2017 30 41.89 142,986 1,084

Suncor Energy Inc. Deferred Share Units Huff, John Rossman 4 30/09/2017 30 43.02 144,796 1,810

Suncor Energy Inc. Common Shares McCaw, Maureen 4 25/09/2017 30 43.48 5,399 40

Suncor Energy Inc. Deferred Share Units McCaw, Maureen 4 25/09/2017 30 41.89 62,537 474

Suncor Energy Inc. Deferred Share Units McCaw, Maureen 4 30/09/2017 30 43.02 64,097 1,560

Suncor Energy Inc. PC Deferred Shares Units (Directors only)

McCaw, Maureen 4 25/09/2017 30 41.97 16,688 126

Suncor Energy Inc. Deferred Share Units O'Brien, Michael Wilfrid 4 25/09/2017 30 41.89 86,078 653

Suncor Energy Inc. Deferred Share Units O'Brien, Michael Wilfrid 4 30/09/2017 30 43.02 87,373 1,295

Suncor Energy Inc. Common Shares Suncor Energy Inc. 1 01/09/2017 38 31.705 75,031 75,031

Suncor Energy Inc. Common Shares Suncor Energy Inc. 1 01/09/2017 38 0 -75,031























Insider Reporting

October 12, 2017

(2017), 40 OSCB 8401



Acquired/ Disposed

















Suncor Energy Inc. Deferred Share Units Thomas, Eira Margaret 4 25/09/2017 30 41.89 82,210 623

Suncor Energy Inc. Deferred Share Units Thomas, Eira Margaret 4 30/09/2017 30 43.02 83,777 1,567

Suncor Energy Inc. Deferred Share Units Wilson, Michael M. 4 25/09/2017 30 41.89 37,171 282

Suncor Energy Inc. Deferred Share Units Wilson, Michael M. 4 30/09/2017 30 43.02 40,327 3,156

Super Nova Minerals Corp. Warrants Wiese, Wolfgang 4, 6, 5 21/01/2014 11 -373,333

Super Nova Minerals Corp. Warrants Wiese, Wolfgang 4, 6, 5 21/01/2014 11 500,000 -732,066

Super Nova Minerals Corp. Warrants Wiese, Wolfgang 4, 6, 5 15/04/2014 11 0.075 1,000,000

Super Nova Minerals Corp. Warrants Wiese, Wolfgang 4, 6, 5 15/04/2014 55 0.075 -1,000,000



Super Nova Petroleum Corp. Common Shares Wiese, Wolfgang 4, 6, 5 29/08/2017 10 0.16 100,000

Super Nova Petroleum Corp. Common Shares Wiese, Wolfgang 4, 6, 5 29/08/2017 10 0.16 681,205 100,000

Super Nova Petroleum Corp. Common Shares Wiese, Wolfgang 4, 6, 5 29/09/2017 10 0.37 320,205 -6,000











Super Nova Petroleum Corp. Options Wiese, Wolfgang 4, 6, 5 02/10/2017 37 0.07 62,500 -562,500

Super Nova Petroleum Corp. Warrants Wiese, Wolfgang 4, 6, 5 21/07/2014 11 0.075 500,000

Super Nova Petroleum Corp. Warrants Wiese, Wolfgang 4, 6, 5 19/07/2017 11 0.1 3,753,204 703,204

Super Nova Petroleum Corp. Warrants Wiese, Wolfgang 4, 6, 5 21/07/2017 55 0.075 3,253,204 -500,000

Super Nova Petroleum Corp. Warrants Wiese, Wolfgang 4, 6, 5 02/10/2017 55 0.075 -500,000

Super Nova Petroleum Corp. Warrants Wiese, Wolfgang 4, 6, 5 04/10/2017 55 0.075 500,000

Surge Energy Inc. Common Shares de Leeuw, Gerard A. 5 15/08/2017 30 2.03 331,740 563




Surge Energy Inc. Common Shares Elekes, Margaret Ann 5 15/09/2017 30 2.08 35,636 480

Surge Energy Inc. Common Shares Elekes, Margaret Ann 5 03/10/2017 30 2.22 36,087 451

Surge Energy Inc. Common Shares Ferguson, Gordon Paul 5 15/08/2017 30 2.03 10,083 310







Insider Reporting

October 12, 2017

(2017), 40 OSCB 8402



Acquired/ Disposed


Symphony Floating Rate Senior Loan Fund

Units Class A Symphony Floating Rate Senior Loan Fund

1 01/09/2017 38 8.89 500 500



1 01/09/2017 38 8.89 0 -500



1 05/09/2017 38 8.89 200 200



1 05/09/2017 38 8.89 0 -200



1 26/09/2017 38 8.85 700 700



1 26/09/2017 38 8.85 0 -700



1 29/09/2017 38 8.91 3,000 3,000



1 29/09/2017 38 8.91 0 -3,000

Synex International Inc. Common Shares Stephens, Mark Alfred 4 25/09/2017 00

Synex International Inc. Options Stephens, Mark Alfred 4 25/09/2017 00

Taku Gold Corp. Options Smith, Steve 4 02/10/2017 50 0.2 1,116,666 200,000

Talmora Diamond Inc. Common Shares Davies, Raymond 3, 4, 5 05/10/2017 51 0.05 22,720,866 680,000

Talmora Diamond Inc. Options Davies, Raymond 3, 4, 5 05/10/2017 51 0.05 800,000 -680,000

Tanzanian Royalty Exploration Corporation

Common Shares Archibald, Jo-Anne 5 02/10/2017 00


Options Archibald, Jo-Anne 5 02/10/2017 00 50,000


Options Betts, Norman Murray 4 29/09/2017 50 350,000 250,000


Options Duval, Jeffrey Robert 5 29/09/2017 50 2,000,000 1,000,000


Options Guidi, Marco 5 29/09/2017 50 160,000 100,000


Options Harvey, William 4 29/09/2017 50 350,000 250,000


Options Morrow, Rosalind 4 29/09/2017 50 350,000 250,000


Options Rath, Ulrich 4 29/09/2017 50 1,500,000 500,000


Options Sinclair, James E. 4, 5 29/09/2017 50 767,000 467,000

Tartisan Resources Corp. Common Shares Palisade Global Investments Ltd.

3 29/09/2017 10 0.13 11,165,000 10,000

Taseko Mines Limited Common Shares Battison, Brian 5 03/10/2017 51 2.27 219,420 20,000

Taseko Mines Limited Common Shares Battison, Brian 5 03/10/2017 10 2.597 199,420 -20,000





Taseko Mines Limited Options Battison, Brian 5 03/10/2017 51 2.27 611,200 -20,000



Taseko Mines Limited Common Shares Jones, Scott 5 03/10/2017 51 0.98 91,668 25,000

Taseko Mines Limited Common Shares Jones, Scott 5 03/10/2017 10 2.55 66,668 -25,000

Taseko Mines Limited Common Shares Jones, Scott 5 04/10/2017 51 0.38 78,668 12,000

Taseko Mines Limited Common Shares Jones, Scott 5 04/10/2017 10 2.7 66,668 -12,000

Taseko Mines Limited Options Jones, Scott 5 03/10/2017 51 0.98 661,000 -25,000

Taseko Mines Limited Options Jones, Scott 5 04/10/2017 51 0.38 649,000 -12,000

Taseko Mines Limited Common Shares McManus, John 5 05/10/2017 51 0.38 210,930 54,000

Taseko Mines Limited Common Shares McManus, John 5 05/10/2017 10 2.75 156,930 -54,000

Taseko Mines Limited Options McManus, John 5 05/10/2017 51 0.38 1,053,000 -54,000

Taylor North American Equity Opportunities Fund

Units Taylor North American Equity Opportunities Fund

1 07/09/2017 38 11.9 3,000 3,000

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8403



Acquired/ Disposed



1 07/09/2017 38 11.9 0 -3,000



1 11/09/2017 38 11.9 200 200



1 11/09/2017 38 11.9 0 -200



1 12/09/2017 38 11.9 1,500 1,500



1 12/09/2017 38 11.9 0 -1,500



1 19/09/2017 38 12.2 3,000 3,000



1 19/09/2017 38 12.2 0 -3,000

Tech Leaders Income Fund Units Tech Leaders Income Fund 1 05/09/2017 38 10.14 3,000 3,000

Tech Leaders Income Fund Units Tech Leaders Income Fund 1 05/09/2017 38 10.14 0 -3,000

Tech Leaders Income Fund Units Tech Leaders Income Fund 1 07/09/2017 38 10.14 300 300

Tech Leaders Income Fund Units Tech Leaders Income Fund 1 07/09/2017 38 10.14 0 -300













Tech Leaders Income Fund Units Tech Leaders Income Fund 1 22/09/2017 38 10.15 400 400

Tech Leaders Income Fund Units Tech Leaders Income Fund 1 22/09/2017 38 10.15 0 -400







Teck Resources Limited Deferred Share Units Andres, Dale Edwin 5 29/09/2017 56 27.646 25,915 46

Teck Resources Limited Performance Share Units Andres, Dale Edwin 5 29/09/2017 56 27.646 89,772 161

Teck Resources Limited Restricted Share Units Andres, Dale Edwin 5 29/09/2017 56 27.646 43,225 77

Teck Resources Limited Deferred Share Units Ashar, Mayank Mulraj 4 29/09/2017 56 27.646 73,058 127

Teck Resources Limited Deferred Share Units Ashar, Mayank Mulraj 4 30/09/2017 56 27.646 74,079 1,021

Teck Resources Limited Performance Share Units Christopher, Alexander 5 29/09/2017 56 27.646 71,980 129

Teck Resources Limited Restricted Share Units Christopher, Alexander 5 29/09/2017 56 27.646 51,350 92

Teck Resources Limited Deferred Performance Share Units

Davey, Larry 5 29/09/2017 56 27.646 4,025 7

Teck Resources Limited Deferred Share Units Davey, Larry 5 29/09/2017 56 27.646 8,325 14

Teck Resources Limited Performance Share Units Davey, Larry 5 29/09/2017 56 27.646 21,560 37

Teck Resources Limited Restricted Share Units Davey, Larry 5 29/09/2017 56 27.646 9,203 15

Teck Resources Limited Deferred Share Units Dottori-Attanasio, Laura Lee 4 29/09/2017 56 27.646 32,185 57

Teck Resources Limited Deferred Share Units Dottori-Attanasio, Laura Lee 4 30/09/2017 56 27.646 33,206 1,021

Teck Resources Limited Deferred Share Units Dowling, Edward Camp 4 29/09/2017 56 27.646 46,433 80

Teck Resources Limited Deferred Share Units Dowling, Edward Camp 4 30/09/2017 56 27.646 47,034 601

Teck Resources Limited Restricted Share Units Dowling, Edward Camp 4 29/09/2017 56 27.646 2,824 5

Teck Resources Limited Performance Share Units Foley, Real 7 29/09/2017 56 27.646 49,198 87

Teck Resources Limited Restricted Share Units Foley, Real 7 29/09/2017 56 27.646 38,129 68

Teck Resources Limited Deferred Share Units Fukuda, Eiichi 4 29/09/2017 56 27.646 15,511 27

Teck Resources Limited Deferred Share Units Fukuda, Eiichi 4 30/09/2017 56 27.646 16,424 913

Teck Resources Limited Deferred Share Units Golding, Andrew 5 29/09/2017 56 27.646 46,351 81

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8404



Acquired/ Disposed

Teck Resources Limited Performance Share Units Golding, Andrew 5 29/09/2017 56 27.646 89,772 161

Teck Resources Limited Restricted Share Units Golding, Andrew 5 29/09/2017 56 27.646 33,937 60

Teck Resources Limited Performance Share Units Joudrie, Colin 5 29/09/2017 56 27.646 22,566 39

Teck Resources Limited Restricted Share Units Joudrie, Colin 5 29/09/2017 56 27.646 17,535 30

Teck Resources Limited Deferred Share Units Keevil III, Norman 4 29/09/2017 56 27.646 41,383 70

Teck Resources Limited Deferred Share Units Keevil, Norman Bell 3, 4 29/09/2017 56 27.646 6,025 10

Teck Resources Limited Restricted Share Units Keevil, Norman Bell 3, 4 29/09/2017 56 27.646 51,572 91

Teck Resources Limited Deferred Share Units Kubota, Takeshi 4 29/09/2017 56 27.646 50,185 87

Teck Resources Limited Deferred Share Units Kubota, Takeshi 4 30/09/2017 56 27.646 51,152 967

Teck Resources Limited Deferred Share Units Lindsay, Donald Richard 5 29/09/2017 56 27.646 938,283 1,691

Teck Resources Limited Performance Share Units Lindsay, Donald Richard 5 29/09/2017 56 27.646 414,660 747

Teck Resources Limited Restricted Share Units Lindsay, Donald Richard 5 29/09/2017 56 27.646 80,363 145

Teck Resources Limited Deferred Share Units McVicar, Tracey 4 29/09/2017 56 27.646 35,252 62

Teck Resources Limited Deferred Share Units McVicar, Tracey 4 30/09/2017 56 27.646 36,400 1,148

Teck Resources Limited Deferred Share Units Millos, Ronald Allen 7 29/09/2017 56 27.646 232,230 413

Teck Resources Limited Performance Share Units Millos, Ronald Allen 7 29/09/2017 56 27.646 108,034 193

Teck Resources Limited Restricted Share Units Millos, Ronald Allen 7 29/09/2017 56 27.646 27,706 49

Teck Resources Limited Performance Share Units Phillips, Harold Fraser 5 29/09/2017 56 27.646 8,050 14

Teck Resources Limited Deferred Share Units Pickering, Kenneth William 4 29/09/2017 56 27.646 29,248 51

Teck Resources Limited Deferred Share Units Pickering, Kenneth William 4 30/09/2017 56 27.646 29,768 520

Teck Resources Limited Restricted Share Units Pickering, Kenneth William 4 29/09/2017 56 27.646 2,021 3

Teck Resources Limited Deferred Share Units Power, Una Marie 4 29/09/2017 56 27.646 4,629 8

Teck Resources Limited Deferred Share Units Power, Una Marie 4 30/09/2017 56 27.646 5,596 967


Powrie, Douglas 5 29/09/2017 56 27.646 6,540 11

Teck Resources Limited Deferred Share Units Powrie, Douglas 5 29/09/2017 56 27.646 55,723 98

Teck Resources Limited Performance Share Units Powrie, Douglas 5 29/09/2017 56 27.646 52,290 93

Teck Resources Limited Restricted Share Units Powrie, Douglas 5 29/09/2017 56 27.646 14,277 25

Teck Resources Limited Deferred Share Units Reipas, Ray 5 29/09/2017 56 27.646 150,505 270

Teck Resources Limited Performance Share Units Reipas, Ray 5 29/09/2017 56 27.646 60,407 108


Rozee, Peter Charles 5 29/09/2017 56 27.646 4,528 8

Teck Resources Limited Deferred Share Units Rozee, Peter Charles 5 29/09/2017 56 27.646 221,654 394

Teck Resources Limited Performance Share Units Rozee, Peter Charles 5 29/09/2017 56 27.646 103,506 185

Teck Resources Limited Restricted Share Units Rozee, Peter Charles 5 29/09/2017 56 27.646 56,874 102

Teck Resources Limited Deferred Share Units Seyffert, Warren S. R. 4 29/09/2017 56 27.646 91,358 157

Teck Resources Limited Deferred Share Units Sheremeta, Robin 5 29/09/2017 56 27.646 33,347 59

Teck Resources Limited Performance Share Units Sheremeta, Robin 5 29/09/2017 56 27.646 63,086 113

Teck Resources Limited Restricted Share Units Sheremeta, Robin 5 29/09/2017 56 27.646 14,636 25


Smith, Marcia 5 29/09/2017 56 27.646 15,095 27

Teck Resources Limited Deferred Share Units Smith, Marcia 5 29/09/2017 56 27.646 49,561 88

Teck Resources Limited Performance Share Units Smith, Marcia 5 29/09/2017 56 27.646 74,676 133

Teck Resources Limited Restricted Share Units Smith, Marcia 5 29/09/2017 56 27.646 32,859 59

Teck Resources Limited Deferred Share Units Snider, Timothy Roy 4 29/09/2017 56 27.646 31,405 56

Teck Resources Limited Deferred Share Units Snider, Timothy Roy 4 30/09/2017 56 27.646 32,426 1,021


Stonkus, Andrew 5 29/09/2017 56 27.646 15,095 27

Teck Resources Limited Deferred Share Units Stonkus, Andrew 5 29/09/2017 56 27.646 69,027 123

Teck Resources Limited Performance Share Units Stonkus, Andrew 5 29/09/2017 56 27.646 51,350 92

Teck Resources Limited Deferred Share Units Watson, Tim 5 29/09/2017 56 27.646 25,915 46

Teck Resources Limited Performance Share Units Watson, Tim 5 29/09/2017 56 27.646 81,520 146

Teck Resources Limited Restricted Share Units Watson, Tim 5 29/09/2017 56 27.646 43,225 77

TECSYS Inc. Common Shares Brereton, David 3, 4, 5 05/10/2017 47 2,108,502 -120,000

TECSYS Inc. Common Shares Brereton, David 3, 4, 5 05/10/2017 47 226,136 -15,000

TECSYS Inc. Common Shares BRERETON, KATHRYN 3 05/10/2017 47 1,059,102 -15,000

TECSYS Inc. Common Shares Lobo, Vernon 4 29/09/2017 10 15.95 58,400 -1,500

TELUS Corporation Deferred Share Units de Wilde, Lisa 4 30/09/2017 30 13,657 147

TELUS Corporation Deferred Share Units de Wilde, Lisa 4 30/09/2017 30 44.93 13,924 267

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8405



Acquired/ Disposed

TELUS Corporation Deferred Share Units Haddad, Mary Jo 4 30/09/2017 30 20,396 216

TELUS Corporation Deferred Share Units Haddad, Mary Jo 4 30/09/2017 30 44.93 20,986 590

TELUS Corporation Deferred Share Units Kinloch, Katherine 4 30/09/2017 30 3,187 31

TELUS Corporation Deferred Share Units Kinloch, Katherine 4 30/09/2017 30 44.93 3,688 501

TELUS Corporation Deferred Share Units Lacey, John Stewart 4 30/09/2017 30 120,997 1,315

TELUS Corporation Deferred Share Units Lacey, John Stewart 4 30/09/2017 30 44.93 121,264 267

TELUS Corporation Deferred Share Units Manley, John Paul 4 30/09/2017 30 33,506 360

TELUS Corporation Deferred Share Units Manley, John Paul 4 30/09/2017 30 44.93 34,035 529

TELUS Corporation Deferred Share Units Marwah, Sarabjit 4 30/09/2017 30 12,283 129

TELUS Corporation Deferred Share Units Marwah, Sarabjit 4 30/09/2017 30 44.93 12,817 534

TELUS Corporation Deferred Share Units Mongeau, Claude 4 30/09/2017 30 3,154 31

TELUS Corporation Deferred Share Units Mongeau, Claude 4 30/09/2017 30 44.93 3,688 534

TELUS Corporation Deferred Share Units Mowat, David Lawrence 4 30/09/2017 30 8,782 90

TELUS Corporation Deferred Share Units Mowat, David Lawrence 4 30/09/2017 30 44.93 9,283 501

Temple Hotels Inc. Deferred Shares Cahill, Chris J. 4 29/09/2017 56 26,529 4,171

Temple Hotels Inc. Deferred Shares McLean, Brent John 4 29/09/2017 56 9,301 1,146

Temple Hotels Inc. Deferred Shares Nunn, David John 4 29/09/2017 56 31,481 4,219

Terra Firma Capital Corporation

Deferred Share Units Bart, Christopher Kenneth 4 30/09/2017 56 275,376 19,531


Deferred Share Units Patava, Miroslav Jerry 4 21/08/2017 00


Deferred Share Units Patava, Miroslav Jerry 4 30/09/2017 56 10,851 10,851


Deferred Share Units Reichmann, Philip 4 30/09/2017 56 237,991 17,361


Deferred Share Units Rosenblatt, Reuben Maurice

4 30/09/2017 56 275,423 10,851


Deferred Share Units Temkin, Seymour 4 30/09/2017 56 313,797 21,701


Common Shares Terra Firma Capital Corporation

1 01/09/2017 10 0.64 1,000 1,000



1 01/09/2017 38 0.64 0 -1,000



1 05/09/2017 10 0.64 5,000 5,000



1 05/09/2017 38 0.64 0 -5,000



1 06/09/2017 10 0.648 10,000 10,000



1 06/09/2017 38 0.648 0 -10,000



1 07/09/2017 10 0.65 140,000 140,000



1 07/09/2017 38 0.65 0 -140,000



1 08/09/2017 10 0.63 4,000 4,000



1 08/09/2017 38 0.63 0 -4,000



1 11/09/2017 10 0.65 7,500 7,500



1 11/09/2017 38 0.65 0 -7,500



1 12/09/2017 10 0.68 10,000 10,000



1 12/09/2017 38 0.68 0 -10,000



1 13/09/2017 10 0.67 1,000 1,000



1 13/09/2017 38 0.67 0 -1,000



1 15/09/2017 10 0.67 1,000



1 15/09/2017 10 0.67 10,000 10,000

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8406



Acquired/ Disposed



1 15/09/2017 38 0.67 0 -10,000



1 20/09/2017 10 0.69 130,000 130,000



1 20/09/2017 38 0.69 0 -130,000



1 22/09/2017 10 0.68 10,000 10,000



1 22/09/2017 38 0.68 0 -10,000



1 25/09/2017 10 0.68 10,000 10,000



1 25/09/2017 38 0.68 0 -10,000



1 26/09/2017 10 0.68 10,000 10,000



1 26/09/2017 38 0.68 0 -10,000

TFI International Inc. Deferred Share Units Saputo, Joey 4 29/09/2017 56 31.28 12,754 893

TFI International Inc. Common Shares TFI International Inc. 1 01/09/2017 38 0 -2,426

The Mint Corporation Common Shares Liabotis, Peter 6 03/10/2017 00 25,000

The Stars Group Inc. Common Shares Goldstein, Marlon 5 02/10/2017 51 7.95 20,000 20,000

The Stars Group Inc. Common Shares Goldstein, Marlon 5 02/10/2017 10 20.225 15,800 -4,200






The Stars Group Inc. Common Shares Goldstein, Marlon 5 02/10/2017 10 20.1 1,300 -800

The Stars Group Inc. Common Shares Goldstein, Marlon 5 02/10/2017 10 20.175 500 -800



The Stars Group Inc. Options Goldstein, Marlon 5 02/10/2017 51 7.95 540,000 -20,000

The Westaim Corporation Deferred Share Units Cole, Stephen 4 30/09/2017 46 121,247 10,907

The Westaim Corporation Deferred Share Units Gildner, John William 4 30/09/2017 56 161,719 7,970

The Westaim Corporation Deferred Share Units Walter, Bruce V. 4 30/09/2017 46 65,446 6,292

The Western Investment Company of Canada Limited

Common Shares Tannas, Scott 4, 7, 5 29/09/2017 10 0.64 604,808 500


Common Shares Tannas, Scott 4, 7, 5 29/09/2017 10 0.64 1,500 500


Common Shares The Western Investment Company of Canada Limited

1 06/09/2017 38 0.6 2,000 2,000



1 19/09/2017 38 0.6 4,000 2,000



1 22/09/2017 38 0.64 5,000 1,000



1 25/09/2017 38 0.64 7,000 2,000



1 27/09/2017 38 0.64 9,000 2,000



1 29/09/2017 38 0 -9,000

ThreeD Capital Inc.(formerly Brownstone Energy Inc.)

Common Shares 1313366 Ontario Inc. 3 29/09/2017 10 0.061 3,827,000 -698,000

ThreeD Capital Inc.(formerly Brownstone Energy Inc.)

Common Shares Kopman, Jeff 6 29/09/2017 10 0.061 3,827,000 -698,000

Titanium Corporation Inc. Common Shares Kadey, Moss 4 05/10/2017 54 1.35 6,419,167 500,000

Titanium Corporation Inc. Warrants Kadey, Moss 4 05/10/2017 54 1,000,000 -500,000

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8407



Acquired/ Disposed

Titanium Corporation Inc. Common Shares Macdonald, David Charles Wray

4 05/10/2017 54 1.35 3,916,612 250,000

Titanium Corporation Inc. Warrants Macdonald, David Charles Wray

4 05/10/2017 54 500,000 -250,000

TitanStar Properties Inc. (formerly DPVC Inc.)

Common Shares Yuel, Gregory 4 05/10/2017 10 0.04 -1,999,000

TitanStar Properties Inc. (formerly DPVC Inc.)

Common Shares Yuel, Gregory 4 05/10/2017 10 0.04 7,460,543 -2,000,000

Tornado Global Hydrovacs Ltd.

Common Shares Class “A” Common Shares

Li, Shiyan 7 06/10/2017 00 1,111,111

Tornado Global Hydrovacs Ltd.

Warrants Li, Shiyan 7 06/10/2017 00 1,111,111

Toromont Industries Ltd. Rights Deferred Share Units (cash settled)

Casson, Randall 7, 2 02/10/2017 56 22,537 75


Chisholm, Jeffrey Scott 4 30/09/2017 56 16,261 121


Chisholm, Jeffrey Scott 4 02/10/2017 56 16,315 54


Cochrane, Jennifer 5 02/10/2017 56 6,627 22


Cranston, Cathryn Elizabeth 4 30/09/2017 56 18,113 405


Cranston, Cathryn Elizabeth 4 02/10/2017 56 18,172 59


Cuddy, Mike 7 02/10/2017 56 11,146 37


Franklin, Robert 4 30/09/2017 56 39,707 235


Franklin, Robert 4 02/10/2017 56 39,838 131


GALLOWAY, DAVID ALEXANDER

4 30/09/2017 56 64,777 462


GALLOWAY, DAVID ALEXANDER

4 02/10/2017 56 64,991 214


Gill, James Wendell 4 30/09/2017 56 7,362 440


Gill, James Wendell 4 02/10/2017 56 7,385 23


Hill, Wayne S. 4, 5 02/10/2017 56 10,536 35


Jewer, Paul Randolph 5 02/10/2017 56 38,730 129


Malinauskas, David Allan 5 02/10/2017 56 5,067 17


McCallum, John S. 4 02/10/2017 56 10,536 35


Medhurst, Scott 4, 5 02/10/2017 56 14,817 49


Ogilvie, Robert M. 4, 5 02/10/2017 56 46,791 156


Rethy, Katherine Anne 4 30/09/2017 56 15,108 322


Rethy, Katherine Anne 4 02/10/2017 56 15,157 49


Wetherald, David 5 02/10/2017 56 13,670 45

Torstar Corporation Rights Deferred Share Units

Aitken, Daryl Denice 4 30/09/2017 56 53,904 8,601

Torstar Corporation Rights Restricted Share Units

Barber, Jennifer 5 30/09/2017 56 73,051 1,337


Berger, Elaine Margaret Ellen

4 30/09/2017 56 90,607 7,441


Beyette, Marie Elizabeth 5 30/09/2017 56 75,079 1,374


Boynton, John 4 30/09/2017 56 306,434 5,612

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8408



Acquired/ Disposed


DeMarchi, Lorenzo John David

5 30/09/2017 56 177,975 3,258


Fleming, Derek John 7 30/09/2017 56 30,839 563


Harvey, Campbell Russell 3, 4 30/09/2017 56 101,352 7,638


Honderich, John Allen 3, 4 30/09/2017 56 97,284 7,564


Hughes, Linda 4 30/09/2017 56 81,234 7,270


Jauernig, Daniel 4 30/09/2017 56 176,267 12,949


Oliver, Ian Alan 7 30/09/2017 56 20,727 379


Oliver, Ian Alan 7 30/09/2017 56 166,855 3,055


Samji, Alnasir Hussein Habib

4 30/09/2017 56 112,346 7,840


Strachan, Dorothy Ann Regina

4 30/09/2017 56 71,178 7,086


Thall, Martin 4 30/09/2017 56 101,352 7,638


Weiss, Paul Raymond 4 30/09/2017 56 95,565 7,532

Tourmaline Oil Corp. Common Shares Rose, Mike 5 04/10/2017 10 24.73 10,217,326 2,000



Tower One Wireless Corp Common Shares Gusko, Brian 4 22/09/2017 30 0.25 1,877,299 -4,000

Tower One Wireless Corp Common Shares Gusko, Brian 4 05/10/2017 30 0.28 1,881,299 4,000

Trakopolis IoT Corp. Common Shares Burchell, Christopher James 4 05/10/2017 10 0.9 249,742 3,500

Trakopolis IoT Corp. Retention Shares Duffield, Edward Logan 5 29/09/2017 46 0.92 46,759 15,741

Trakopolis IoT Corp. Retention Shares Hotte, Laine Blair 5 29/09/2017 46 0.92 65,742 21,914

Trakopolis IoT Corp. Common Shares Olson, Cameron Blaine 4 29/09/2017 46 30,176 10

Trakopolis IoT Corp. Common Shares Olson, Cameron Blaine 4 29/09/2017 36 124,358 94,182

Trakopolis IoT Corp. Options Olson, Cameron Blaine 4 29/09/2017 38 65,000 -5,000

Trakopolis IoT Corp. Restricted Share Units Olson, Cameron Blaine 4 29/09/2017 57 0 -94,182

Trakopolis IoT Corp. Common Shares Sonnenberg, Gilbert Ryan 4 29/09/2017 46 148,008 11

Trakopolis IoT Corp. Common Shares Sonnenberg, Gilbert Ryan 4 29/09/2017 36 242,190 94,182

Trakopolis IoT Corp. Options Sonnenberg, Gilbert Ryan 4 29/09/2017 38 65,000 -5,000

Trakopolis IoT Corp. Restricted Share Units Sonnenberg, Gilbert Ryan 4 29/09/2017 57 0 -94,182

Trakopolis IoT Corp. Common Shares Turner, Francis John 4 29/09/2017 46 56,676 10

Trakopolis IoT Corp. Common Shares Turner, Francis John 4 29/09/2017 36 150,858 94,182

Trakopolis IoT Corp. Options Turner, Francis John 4 29/09/2017 38 65,000 -5,000

Trakopolis IoT Corp. Restricted Share Units Turner, Francis John 4 29/09/2017 36 0 -94,182

Traverse Energy Ltd. Common Shares Erickson, David Henry 3, 4, 5 04/10/2017 10 0.435 3,342,889 1,500

Traverse Energy Ltd. Common Shares Erickson, David Henry 3, 4, 5 04/10/2017 10 0.44 3,361,389 18,500

Traverse Energy Ltd. Common Shares Erickson, David Henry 3, 4, 5 03/10/2017 10 0.44 736,000 20,000

Tree Island Steel Ltd. Common Shares Tree Island Steel Ltd. (formerly known as Tree Island Wire Income Fund)

1 21/09/2017 38 3.2357 5,400 5,400


1 22/09/2017 38 3.1575 10,969 5,569


1 25/09/2017 38 3.0753 13,569 2,600


1 26/09/2017 38 3.0292 18,769 5,200


1 27/09/2017 38 2.8849 24,069 5,300


1 28/09/2017 38 2.874 26,269 2,200

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8409



Acquired/ Disposed


1 29/09/2017 38 2,200 -24,069


1 29/09/2017 38 2.8001 153,900 151,700


1 03/10/2017 38 0 -153,900

Trevali Mining Corporation Common Shares Keller, Paul David 5 28/09/2017 51 0.77 985,727 151,000

Trevali Mining Corporation Common Shares Keller, Paul David 5 28/09/2017 51 0.62 1,110,727 125,000

Trevali Mining Corporation Options Keller, Paul David 5 28/09/2017 51 0.77 1,702,510 -151,000

Trevali Mining Corporation Options Keller, Paul David 5 28/09/2017 51 0.62 1,577,510 -125,000

Trevali Mining Corporation Common Shares Ladd, Anna Man-Yue 5 02/10/2017 10 1.5 784,460 -50,000

Trez Capital Mortgage Investment Corporation

Class A Shares Trez Capital Mortgage Investment Corporation

1 01/09/2017 38 4.92 880 90



1 01/09/2017 38 4.92 5,480 4,600



1 05/09/2017 38 5.07 10,170 4,690



1 06/09/2017 38 5.03 14,770 4,600



1 06/09/2017 38 5.04 14,860 90



1 07/09/2017 38 4.98 14,960 100



1 07/09/2017 38 4.98 15,960 1,000



1 07/09/2017 38 4.98 16,060 100



1 07/09/2017 38 4.99 16,150 90



1 08/09/2017 38 5 20,050 3,900



1 11/09/2017 38 5 20,550 500



1 12/09/2017 38 5 25,150 4,600



1 12/09/2017 38 5 25,240 90



1 13/09/2017 38 5 28,140 2,900



1 14/09/2017 38 5.03 28,740 600



1 14/09/2017 38 5.03 29,140 400



1 14/09/2017 38 5.03 30,540 1,400



1 14/09/2017 38 5.03 30,740 200



1 14/09/2017 38 5.03 31,340 600



1 14/09/2017 38 5.03 32,740 1,400



1 14/09/2017 38 5.03 32,830 90



1 15/09/2017 38 5 37,230 4,400



1 15/09/2017 38 5 37,430 200



1 15/09/2017 38 5 37,520 90



1 18/09/2017 38 4.99 42,120 4,600



1 18/09/2017 38 5 42,210 90

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8410



Acquired/ Disposed



1 19/09/2017 38 5 46,810 4,600



1 19/09/2017 38 5 46,900 90



1 20/09/2017 38 5.03 47,100 200



1 20/09/2017 38 5.03 47,500 400



1 20/09/2017 38 5.03 48,500 1,000



1 20/09/2017 38 5.03 48,900 400



1 20/09/2017 38 5.03 49,900 1,000



1 20/09/2017 38 5.03 51,500 1,600



1 20/09/2017 38 5.03 51,590 90



1 21/09/2017 38 5 54,190 2,600



1 22/09/2017 38 5 58,790 4,600



1 22/09/2017 38 5 58,880 90



1 25/09/2017 38 5.02 60,780 1,900



1 25/09/2017 38 5.03 61,280 500



1 25/09/2017 38 5.03 61,980 700



1 25/09/2017 38 5.03 62,480 500



1 25/09/2017 38 5.03 62,880 400



1 25/09/2017 38 5.03 63,480 600



1 25/09/2017 38 5.03 63,570 90



1 26/09/2017 38 4.99 67,170 3,600



1 26/09/2017 38 5 67,270 100



1 26/09/2017 38 5 67,370 100



1 26/09/2017 38 5 68,170 800



1 26/09/2017 38 5 68,260 90



1 27/09/2017 38 4.98 72,060 3,800



1 27/09/2017 38 5 72,160 100



1 27/09/2017 38 5 72,860 700



1 27/09/2017 38 5 72,950 90



1 28/09/2017 38 4.99 73,450 500



1 28/09/2017 38 4.99 74,850 1,400



1 28/09/2017 38 4.99 76,350 1,500



1 28/09/2017 38 4.99 77,550 1,200



1 28/09/2017 38 4.99 77,640 90

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8411



Acquired/ Disposed



1 29/09/2017 38 4.99 82,240 4,600



1 29/09/2017 38 4.99 82,330 90

Trez Capital Senior Mortgage Investment Corporation

Class A Shares Trez Capital Senior Mortgage Investment Corporation

1 05/09/2017 38 2.96 4,360 100



1 06/09/2017 38 3 5,560 1,200



1 12/09/2017 38 3 8,790 3,230



1 13/09/2017 38 3 11,990 3,200



1 13/09/2017 38 3 12,020 30



1 15/09/2017 38 3 12,250 230



1 18/09/2017 38 3 15,450 3,200



1 21/09/2017 38 3 18,680 3,230



1 29/09/2017 38 9,660 -9,020

Trican Well Service Ltd. Common Shares Jones, David R. 5 05/10/2017 51 0.82 50,000 50,000

Trican Well Service Ltd. Common Shares Jones, David R. 5 05/10/2017 10 4.59 0 -50,000

Trican Well Service Ltd. Options Employee Stock Options

Jones, David R. 5 05/10/2017 51 0.82 239,600 -50,000

Trican Well Service Ltd. Rights Deferred Share Units (DSUs)

Pourbaix, Alex 4 30/09/2017 56 314,207 3,395

Trican Well Service Ltd. Options Employee Stock Options

Skilnick, Robert 5 02/10/2017 50 4.57 150,000 100,000

Trican Well Service Ltd. Performance Unit Awards (PSUs)

Skilnick, Robert 5 02/06/2017 00

Trican Well Service Ltd. Performance Unit Awards (PSUs)

Skilnick, Robert 5 02/10/2017 56 41,100 41,100

Trilogy International Partners Inc.

Redeemable Units of Trilogy International Partners LLC

Kroloff, Mark 4 07/02/2017 00



Kroloff, Mark 4 20/09/2017 11 166,454 166,454



Kroloff, Mark 4 20/09/2017 11 0 -2,790,587


Rights (Deferred Share Units)

Lacavera, Anthony 4 30/09/2017 56 8,497 3,450


Rights (Deferred Share Units)

Mohamed, Nadir 4 30/09/2017 56 8,497 3,450

TriMetals Mining Inc. Common Shares Herrero, Matias 5 02/10/2017 10 377,745 -65,000

TriStar Gold Inc. Options Brunsdon, Scott Murdo 5 28/09/2017 50 0.25 1,100,000 200,000

TriStar Gold Inc. Options Garrett, Diane Renee 4 28/09/2017 50 0.25 800,000 150,000

Trisura Group Ltd. Deferred Share Units Gallagher, Paul Joseph 4 15/05/2017 00

Trisura Group Ltd. Deferred Share Units Gallagher, Paul Joseph 4 02/10/2017 56 563 563

Trisura Group Ltd. Rights Deferred Share Units

Hedges, Barton Walter 4 15/05/2017 00

Trisura Group Ltd. Rights Deferred Share Units

Hedges, Barton Walter 4 02/10/2017 56 470 470

Triumph Gold Corp. Common Shares Palisade Global Investments Ltd.

3 03/10/2017 10 0.3732 8,053,000 10,000

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8412



Acquired/ Disposed

Triumph Gold Corp. Common Shares Palisade Global Investments Ltd.

3 03/10/2017 10 0.38 8,063,000 10,000

True North Commercial Real Estate Investment Trust

Trust Units Baryshnik, Jeff Matthew 4 29/09/2017 30 6.4475 25,386 559


Trust Units Biggar, William John 4 29/09/2017 30 6.4475 39,966 929


Trust Units Cardy, Roland 4 29/09/2017 30 6.4475 26,270 750


Trust Units Ossip, Alon Samuel 4 29/09/2017 30 6.4475 4,297 650


Trust Units Poklar, Sandy Ivan 4 29/09/2017 30 6.4475 16,627 600

TSO3 inc. Common Shares Précourt, Karine 5 29/09/2017 30 2.6 425 288

TSO3 inc. Common Shares Tessman, Harold Robert 5 29/09/2017 30 2.6 22,812 855

Tsodilo Resources Limited Common Shares Cushing, David James 4 02/10/2017 11 0.56 4,388,568 -350,000

U.S. Financials Income Fund Trust Units Class A (CAD $)

World Financial Split Corp. 8 28/09/2017 10 8.0995 6,000 6,000







U3O8 Corp. Common Shares Barron, Keith Michael 4 11/09/2017 37 -963,999 -25,384,036

U3O8 Corp. Common Shares Barron, Keith Michael 4 11/09/2017 37 111,250 -2,113,750

U3O8 Corp. Common Shares Barron, Keith Michael 4 04/10/2017 10 0.32 1,356,001 20,000

U3O8 Corp. Options Barron, Keith Michael 4 09/05/2016 52 1,695,000 -5,000

U3O8 Corp. Options Barron, Keith Michael 4 23/05/2017 52 2,040,000 -5,000

U3O8 Corp. Options Barron, Keith Michael 4 11/09/2017 37 92,500 -1,947,500

U3O8 Corp. Warrants Barron, Keith Michael 4 11/09/2017 37 2,528,500 -4,341,500

U3O8 Corp. Common Shares Bastias, Gabriel Enrique 5 11/09/2017 37 56,875 -1,080,625

U3O8 Corp. Options Bastias, Gabriel Enrique 5 09/05/2016 52 0.5 796,000 -4,000

U3O8 Corp. Options Bastias, Gabriel Enrique 5 24/08/2016 52 0.26 790,000 -6,000

U3O8 Corp. Options Bastias, Gabriel Enrique 5 23/05/2017 52 1,182,500 -7,500

U3O8 Corp. Options Bastias, Gabriel Enrique 5 11/09/2017 37 42,500 -1,140,000

U3O8 Corp. Common Shares Bastias, Hugo 5 11/09/2017 37 57,250 -1,087,751

U3O8 Corp. Options Bastias, Hugo 5 09/05/2016 52 0.5 745,000 -5,000

U3O8 Corp. Options Bastias, Hugo 5 23/05/2017 52 1,087,500 -7,500

U3O8 Corp. Options Bastias, Hugo 5 11/09/2017 37 42,500 -1,045,000

U3O8 Corp. Options Constable, David Wayne 4 09/05/2016 52 995,000 -5,000

U3O8 Corp. Options Constable, David Wayne 4 23/05/2017 52 1,590,000 -5,000

U3O8 Corp. Options Constable, David Wayne 4 11/09/2017 37 70,000 -1,520,000

U3O8 Corp. Warrants Constable, David Wayne 4 11/09/2017 37 1,250 -23,750

U3O8 Corp. Options Franklin, David Kitchen 4 11/09/2017 37 8,330 -158,270

U3O8 Corp. Options Franklin, David Kitchen 4 11/09/2017 37 57,500 -1,092,500

U3O8 Corp. Common Shares Marcet, Pablo 4 11/09/2017 37 8,973 -170,497

U3O8 Corp. Options Marcet, Pablo 4 23/05/2017 52 1,245,000 -5,000

U3O8 Corp. Options Marcet, Pablo 4 11/09/2017 37 57,500 -1,187,500

U3O8 Corp. Options Reis, Elpidio dos 5 23/05/2017 52 782,500 -17,500

U3O8 Corp. Options Reis, Elpidio dos 5 11/09/2017 37 22,500 -760,000

U3O8 Corp. Common Shares Ross, John Charles 5 11/09/2017 37 1,850 -35,150

U3O8 Corp. Common Shares Ross, John Charles 5 11/09/2017 37 49,059 -932,121

U3O8 Corp. Options Ross, John Charles 5 23/05/2017 52 1,292,500 -7,500

U3O8 Corp. Options Ross, John Charles 5 11/09/2017 37 57,500 -1,235,000

U3O8 Corp. Warrants Ross, John Charles 5 11/09/2017 37 10,000 -190,000

U3O8 Corp. Common Shares Spencer, Richard Mark 4, 5 11/09/2017 37 68,155 -1,294,945

U3O8 Corp. Options Spencer, Richard Mark 4, 5 09/05/2016 52 1,695,000 -5,000

U3O8 Corp. Options Spencer, Richard Mark 4, 5 23/05/2017 52 2,032,500 -12,500

U3O8 Corp. Options Spencer, Richard Mark 4, 5 11/09/2017 37 85,000 -1,947,500

U3O8 Corp. Warrants Spencer, Richard Mark 4, 5 11/09/2017 37 2,500 -47,500

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8413



Acquired/ Disposed

Uni-Sélect Inc. Unités d'actions différées (UAD) / Deferred Share Unit Plan


4 30/09/2017 56 27.052 4,513 899


Courville, André 4 30/09/2017 56 27.052 10,403 998


Curadeau-Grou, Patricia 4 30/09/2017 56 27.052 22,700 998


Hall, Jeffrey 4 30/09/2017 56 27.052 4,437 647


Heath, George Edmund 4 26/07/2017 00


Heath, George Edmund 4 30/09/2017 56 27.052 657 657


Keister, Richard Lewis 4 30/09/2017 56 27.052 14,748 230


Molenaar, Robert 4 30/09/2017 56 27.052 2,417 1,244


Roy, Richard G 4 30/09/2017 56 27.052 1,872 185


Welvaert, Dennis 4 30/09/2017 56 27.052 12,305 657

Uniserve Communications Corporation

Common Shares Matheson, Robert Donald 4, 7 04/10/2017 11 0.25 823,900 649,900

Uniserve Communications Corporation

Common Shares Tijman, Brian 7 04/10/2017 11 0.25 895,658 686,658

UNISYNC Corp. Common Shares Class B Voting Shares

Bottoms, Bobby James 7 02/10/2017 99 21,200 -12,100

UNISYNC Corp. Options Incentive Stock Options

Bottoms, Bobby James 7 02/10/2017 99 0 -150,000

Uranium Energy Corp. Common Shares ABRAHAM, Edward Spencer

4 02/10/2017 46 1.38 73,935 2,355

Uranium Energy Corp. Common Shares Melbye, Scott Eric 5 02/10/2017 46 1.38 181,264 2,858

Uranium Energy Corp. Common Shares Obara, Pat 5 02/10/2017 46 1.38 234,522 1,422

US Cobalt Inc. Common Shares Tisdale, Wayne 4 06/10/2017 54 0.4 2,923,615 260,870

US Cobalt Inc. Warrants Tisdale, Wayne 4 06/10/2017 54 0.4 1,083,500 -260,870

Valeant Pharmaceuticals International, Inc.

Rights Restricted Share Units (RSUs)

DE SCHUTTER, Richard Urbain

4 29/09/2017 56 14.33 31,517 2,180



Robertson, Russel Clark 4 29/09/2017 56 14.33 54,054 2,616



Wechsler, Amy 4 29/09/2017 56 14.33 51,542 2,180

Vecima Networks Inc. Common Shares Kumar, Surinder Ghai 3, 4 03/10/2017 47 107,680 -1,000

Velan Inc. Multiple Voting Shares Estate of A. K. Velan 3 29/09/2017 00 15,566,567

Velan Inc. Subordinate Voting Shares

Estate of A. K. Velan 3 29/09/2017 00 10,000


Estate of A. K. Velan 3 29/09/2017 00 1

Velan Inc. Multiple Voting Shares Velan, A.K. 3 29/09/2017 97 0 -15,566,567


Velan, A.K. 3 29/09/2017 97 0 -10,000


Velan, A.K. 3 29/09/2017 97 0 -1

VersaBank Common Shares Duggan, Ross P. 5 05/10/2017 10 5.85 8,558 100

VersaBank Common Shares Duggan, Ross P. 5 05/10/2017 10 5.9 10,258 1,700

VersaBank Common Shares TAYLOR, DAVID ROY 4, 5 28/09/2017 90 0 -186,000

VersaBank Common Shares TAYLOR, DAVID ROY 4, 5 20/08/2013 00

VersaBank Common Shares TAYLOR, DAVID ROY 4, 5 28/09/2017 90 186,000 186,000

VersaBank Common Shares TAYLOR, DAVID ROY 4, 5 02/10/2017 10 5.71 186,900 900

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8414



Acquired/ Disposed









VersaBank Common Shares TAYLOR, DAVID ROY 4, 5 02/10/2017 10 5.87 190,100 1,400













VersaBank Common Shares TAYLOR, DAVID ROY 4, 5 04/10/2017 10 6 211,000 6,200





VersaBank Common Shares TAYLOR, DAVID ROY 4, 5 04/10/2017 10 6 2,950 500



VersaPay Corporation Common Shares Chiu, Eleanor Pui Fong 4 21/09/2017 47 843,874 -110,000

Vigil Health Solutions Inc. Common Shares Griffiths, Troy 5 13/09/2017 10 0.87 -5,000

Vigil Health Solutions Inc. Common Shares Griffiths, Troy 5 13/09/2017 10 0.87 76,000 -4,000

VIQ Solutions Inc. Options Kessel, Michael 4 12/09/2017 00

VIQ Solutions Inc. Options Kessel, Michael 4 03/10/2017 50 500,000 500,000

VIQ Solutions Inc. Common Shares Taylor, Larry Douglas 4 02/10/2017 10 0.3 6,427,700 1,000



Wajax Corporation Rights Directors' Deferred Share Unit Plan

Alford, Thomas Malcolm 4 30/09/2017 56 19.21 17,151 1,406


Alford, Thomas Malcolm 4 03/10/2017 56 19.68 17,369 218

Wajax Corporation 2017 Deferred Share Units

Auld, Stuart Harrison 5 03/10/2017 56 19.68 3,073 39

Wajax Corporation 2017 Performance Share Units


Wajax Corporation 2017 Restricted Share Units



Baratto, Donna Jean 5 03/10/2017 56 19.68 1,032 13


Baratto, Donna Jean 5 03/10/2017 56 19.68 3,098 39


Barrett, Edward Malcolm 4 30/09/2017 56 19.21 36,442 586


Barrett, Edward Malcolm 4 03/10/2017 56 19.68 36,905 463


Bourne, Ian Alexander 4 30/09/2017 56 19.21 24,573 586


Bourne, Ian Alexander 4 03/10/2017 56 19.68 24,885 312


Carty, Douglas 4 30/09/2017 56 19.21 19,808 852

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8415



Acquired/ Disposed


Carty, Douglas 4 03/10/2017 56 19.68 20,060 252


Chrominska, Sylvia Dolores 4 30/09/2017 56 19.21 6,471 732


Chrominska, Sylvia Dolores 4 03/10/2017 56 19.68 6,553 82


Deck, Steven 5 03/10/2017 56 19.68 7,023 88


Deck, Steven 5 03/10/2017 56 19.68 7,023 88


Dexter, Robert P. 4 30/09/2017 56 19.21 86,801 1,464


Dexter, Robert P. 4 03/10/2017 56 19.68 87,904 1,103


Eby, John Clifford 4 30/09/2017 56 19.21 30,792 1,061


Eby, John Clifford 4 03/10/2017 56 19.68 31,182 390


Foote, Alan Mark 4 03/10/2017 56 19.68 27,057 339


Foote, Alan Mark 4 03/10/2017 56 19.68 27,057 339

Wajax Corporation Rights Share Ownership Plan

Foote, Alan Mark 4 03/10/2017 56 19.68 20,037 251


Gross, Michael 5 03/10/2017 56 19.68 3,083 39


Gross, Michael 5 03/10/2017 56 19.68 6,165 77


Gross, Michael 5 03/10/2017 56 19.68 3,082 39


Plain, Thomas Hayward Sanders

5 03/10/2017 56 19.68 3,219 40



5 03/10/2017 56 19.68 6,438 81



5 03/10/2017 56 19.68 3,218 40


Tam, Andrew 5 03/10/2017 56 19.68 1,291 16


Tam, Andrew 5 03/10/2017 56 19.68 3,873 49

Wajax Corporation Rights Share Ownership Plan

Tam, Andrew 5 03/10/2017 56 19.68 2,266 28


Taylor, Alexander S. 4 30/09/2017 56 19.21 16,687 585


Taylor, Alexander S. 4 03/10/2017 56 19.68 16,899 212


Yaworsky, Darren Julian 5 03/10/2017 56 19.68 9,681 121





Wallbridge Mining Company Limited

Rights DSU Day, Shawn 4 10/08/2017 00


Rights DSU Day, Shawn 4 02/10/2017 56 23,374 23,374


Rights DSU Ellingham, Elaine 4 02/10/2017 56 1,145,370 48,077


Rights DSU Farsangi, Parviz 4 02/10/2017 56 1,348,995 48,077


Rights DSU Galipeau, René Réal 4 02/10/2017 56 1,736,888 61,813


Rights DSU HOLMES, WILLIAM WARREN

4 02/10/2017 56 2,062,913 75,549


Rights DSU Sittler, Darryl 4 02/10/2017 56 1,469,735 41,209

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8416



Acquired/ Disposed

Wellgreen Platinum Ltd. Rights (Deferred Share Units)

Darling, Michèle 4 31/03/2017 56 0.29 16,810 16,810


Darling, Michèle 4 30/09/2017 56 0.29 16,810


Darling, Michèle 4 30/09/2017 56 0.31 15,726


Darling, Michèle 4 30/09/2017 56 0.31 49,061 15,726


FIELDS, MARK 4 30/09/2017 56 0.31 52,335 18,145


Leathley, Gillyeard(Gil) James

4 29/09/2017 56 0.31 13,306


Leathley, Gillyeard(Gil) James

4 30/09/2017 56 0.31 41,513 13,306


Sylvestre, Michel 4 30/09/2017 56 0.31 75,480 24,194

West Fraser Timber Co. Ltd. Deferred Share Unit Carter, Reid Ewart 4 30/09/2017 56 2,243 269

West Fraser Timber Co. Ltd. Deferred Share Unit Floren, John 4 30/09/2017 56 2,243 269

West Fraser Timber Co. Ltd. Deferred Share Unit Kenning, Brian Graham 4 30/09/2017 56 518 269

West Fraser Timber Co. Ltd. Deferred Share Unit Ketcham, John Kendall 4 30/09/2017 56 3,692 269

West Fraser Timber Co. Ltd. Deferred Share Unit Miller, Gerald 4 30/09/2017 56 8,906 269

West Fraser Timber Co. Ltd. Deferred Share Unit Phillips, Robert L. 4 30/09/2017 56 10,948 269

West Fraser Timber Co. Ltd. Common Shares West Fraser Timber Co. Ltd. 1 05/10/2017 38 0 -85,094

West Fraser Timber Co. Ltd. Deferred Share Unit Winckler, Gillian 4 30/09/2017 56 518 269

Westcore Energy Ltd. Options Davidson, Andrew 4, 6, 5 28/09/2017 50 500,000 100,000

Westcore Energy Ltd. Options MacNeill, Tom 3, 4 28/09/2017 50 500,000 100,000

Westcore Energy Ltd. Options Sheppard, Jeff 5 27/09/2017 50 0.22 500,000 100,000

Western Forest Products Inc. Deferred Share Units (Cash Settled)

Bird, Jane Marie 4 05/10/2017 56 2.64 49,886 6,960


Nocente, Daniel Louis 4 05/10/2017 56 2.64 90,483 5,919


Shineton, Barrie 4 05/10/2017 56 2.64 15,946 4,735


Waites, Michael T. 4 05/10/2017 56 2.64 130,966 9,943

WestJet Airlines Ltd. Rights Deferred Share Units

Beddoe, Clive 5 29/09/2017 56 6,023 373


Beddoe, Clive 5 29/09/2017 56 6,053 30


Bolton, Hugh John 4 29/09/2017 56 27,519 535


Bolton, Hugh John 4 29/09/2017 56 27,660 141


Brenneman, Ron A. 4 29/09/2017 56 8,830 535


Brenneman, Ron A. 4 29/09/2017 56 8,874 44


Burley, Christopher Michael 4 29/09/2017 56 535


Burley, Christopher Michael 4 29/09/2017 56 1,303












Burley, Christopher Michael 4 29/09/2017 56 11,407 1,303


Burley, Christopher Michael 4 29/09/2017 56 11,460 53

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8417



Acquired/ Disposed


Godfrey, Brett Alan 4 29/09/2017 56 10,475 535


Godfrey, Brett Alan 4 29/09/2017 56 10,527 52


Jackson, Allan William 4 29/09/2017 56 55,487 1,349


Jackson, Allan William 4 29/09/2017 56 55,769 282


Jackson, Steven Barry 4 29/09/2017 56 39,850 1,256


Jackson, Steven Barry 4 29/09/2017 56 40,052 202


Menard, L. Jacques 4 29/09/2017 56 17,875 1,256


Menard, L. Jacques 4 29/09/2017 56 17,962 87


Rennie, Janice Gaye 4 29/09/2017 56 21,186 535


Rennie, Janice Gaye 4 29/09/2017 56 21,294 108


Sheriff, Karen 4 29/09/2017 56 9,581 1,182


Sheriff, Karen 4 29/09/2017 56 9,625 44

WestJet Airlines Ltd. Common Shares - Voting WestJet Airlines Ltd 1 01/09/2017 38 26.362 785,208 76,477

WestJet Airlines Ltd. Common Shares - Voting WestJet Airlines Ltd 1 08/09/2017 38 0 -785,208

Westshore Terminals Investment Corporation

Common Shares Westshore Terminals Investment Corporation

1 07/09/2017 38 24.748 5,000 5,000



1 07/09/2017 38 0 -5,000



1 08/09/2017 38 24.692 24,400 24,400



1 08/09/2017 38 0 -24,400



1 21/09/2017 38 24.459 27,700 27,700



1 21/09/2017 38 0 -27,700



1 22/09/2017 38 24.663 104,741 104,741



1 22/09/2017 38 0 -104,741



1 25/09/2017 38 24.228 25,600 25,600



1 25/09/2017 38 0 -25,600



1 26/09/2017 38 24.14 27,700 27,700



1 26/09/2017 38 0 -27,700



1 27/09/2017 38 24.147 27,700 27,700



1 27/09/2017 38 0 -27,700



1 28/09/2017 38 24.18 27,700 27,700



1 28/09/2017 38 0 -27,700



1 29/09/2017 38 24.044 27,700 27,700



1 29/09/2017 38 0 -27,700

Whitecap Resources Inc. Common Shares Whitecap Resources Inc. 1 30/09/2017 38 8.788 10,900 10,900

Whitecap Resources Inc. Common Shares Whitecap Resources Inc. 1 30/09/2017 38 8.788 0 -10,900

WPT Industrial Real Estate Investment Trust

Deferred Unit Arkema, Milo Dwight 4 29/09/2017 46 36,614 1,949

Insider Reporting

October 12, 2017

(2017), 40 OSCB 8418



Acquired/ Disposed


Deferred Unit DiNunzio, Luigi Rosario 4 29/09/2017 46 8,802 1,598


Deferred Unit Kavanagh, Sarah Baldwin 4 29/09/2017 46 35,891 1,767


Deferred Unit Smith, Stuart H.B. 4 29/09/2017 46 9,518 1,318


Deferred Unit Spackman, Pamela Jean 4 29/09/2017 46 2,234 1,360


Deferred Unit Wolf, Robert Thomas 4 29/09/2017 46 46,365 1,669

WSP Global Inc. DSUs / UADs Carrière, Louis-Philippe 4 29/09/2017 56 51.54 1,471 945

WSP Global Inc. DSUs / UADs Fitzgibbon, Pierre 4 29/09/2017 56 51.54 904 305

WSP Global Inc. DSUs / UADs Shoiry, Pierre 4, 5 29/09/2017 56 51.54 3,702 1,212

Ximen Mining Corp. Common Shares Warthe-Anderson, Wesley 4 29/09/2017 10 0.045 1,455,500 185,000

Ximen Mining Corp. Common Shares Warthe-Anderson, Wesley 4 29/09/2017 10 0.05 1,470,500 15,000

Yangaroo Inc. Common Shares Boone, Horace Shepard 3 02/10/2017 10 0.275 6,866,196 -491,421

Zargon Oil & Gas Ltd. Common Shares Hansen, Craig Henry 4, 5 02/10/2017 10 0.514 1,281,736 -20,000



Zargon Oil & Gas Ltd. Common Shares Peplinski, James 4 02/10/2017 10 0.515 267,089 267,088

ZCL Composites Inc. Common Shares Morris, Darcy 7 04/10/2017 10 13.1 994,700 -2,600

ZCL Composites Inc. Common Shares Morris, Darcy 7 05/10/2017 10 13.1 984,700 -10,000

Zedcor Energy Inc. Common Shares Olson, Kenneth 5 02/10/2017 10 0.18 1,500 1,500

Zedcor Energy Inc. Common Shares Olson, Kenneth 5 03/10/2017 10 0.18 2,000 500



Zedcor Energy Inc. Common Shares Swanberg, Dean Sylvan 3, 4 02/10/2017 11 0.1812 11,021,166 34,485

Zenith Capital Corp. Options Cann, Aaron Bradley 5 02/10/2017 50 132,600 22,000

Zenith Capital Corp. Units Restricted Share Units

Cann, Aaron Bradley 5 02/10/2017 56 87,900 17,700

Zenith Capital Corp. Options Hansen, Henrik Claus 5 02/10/2017 50 332,800 87,600


Hansen, Henrik Claus 5 02/10/2017 56 478,855 70,200

Zenith Capital Corp. Options Lakhotia, Sanjay 5 02/10/2017 50 903,700 163,700


Lakhotia, Sanjay 5 02/10/2017 56 345,650 131,300

Zenith Capital Corp. Common Shares MCCAFFREY, DONALD J. 4 04/10/2017 51 0.13 4,062,189 115,600

Zenith Capital Corp. Options MCCAFFREY, DONALD J. 4 02/10/2017 50 463,000 79,900

Zenith Capital Corp. Options MCCAFFREY, DONALD J. 4 04/10/2017 51 347,400 -115,600


MCCAFFREY, DONALD J. 4 02/10/2017 56 579,636 64,100


McNeill, Kelly Bret 4 02/10/2017 46 273,589 9,391


Smith, Eldon 4 02/10/2017 46 299,511 22,185


WONG, NORMAN C.W. 4 02/10/2017 46 67,931 12,068


Zuerblis, Kenneth 4 02/10/2017 46 84,337 8,756

Zephyr Minerals Ltd. Common Shares Felderhof, G. William 4 02/10/2017 10 0.27 297,833 7,000



October 12, 2017

(2017), 40 OSCB 8419

Chapter 11

IPOs, New Issues and Secondary Financings

INVESTMENT FUNDS

Issuer Name: RBC Emerging Markets Equity Class Principal Regulator – Ontario Type and Date: Amendment #1 to Final Simplified Prospectus dated October 6, 2017 Received on October 6, 2017 Offering Price and Description: - Underwriter(s) or Distributor(s): RBC Global Asset Management Inc. Promoter(s): N/A Project #2534654 _______________________________________________ Issuer Name: RBC Emerging Markets Dividend Fund RBC Emerging Markets Equity Fund RBC Emerging Markets Small-Cap Equity Fund Principal Regulator – Ontario Type and Date: Amendment #1 to Final Simplified Prospectus dated October 6, 2017 Received on October 6, 2017 Offering Price and Description: - Underwriter(s) or Distributor(s): Royal Mutual Funds Inc. RBC Global Asset Management Inc. RBC Direct Investing Inc. Phillips, Hager & North Investment Funds Ltd. The Royal Trust Company RBC Dominion Securities Inc. Promoter(s): RBC Global Asset Management Inc. Project #2628996 _______________________________________________

Issuer Name: FDP Short Term Fixed Income Portfolio FDP Canadian Equity Portfolio FDP Canadian Dividend Equity Portfolio Principal Regulator – Quebec Type and Date: Amendment #3 to Final Simplified Prospectus dated October 6, 2017 Received on October 6, 2017 Offering Price and Description: - Underwriter(s) or Distributor(s): Professionals' Financial – Mutual Funds Inc. Promoter(s): Professionals' Financial – Mutual Funds Inc. Project #2602347 _______________________________________________ Issuer Name: FT Balanced Growth Pool FT Balanced Income Pool FT Growth Pool Principal Regulator – Ontario Type and Date: Amendment #1 to Final Simplified Prospectus dated October 4, 2017 Received on October 4, 2017 Offering Price and Description: - Underwriter(s) or Distributor(s): Franklin Templeton Investments Corp. FTC Investor Services Inc. Promoter(s): Franklin Templeton Investments Corp. Project #2594453 _______________________________________________


October 12, 2017

(2017), 40 OSCB 8420

Issuer Name: North American Financial 15 Split Corp. Principal Regulator – Ontario Type and Date: Preliminary Short Form Prospectus (NI 44-101) dated October 4, 2017 NP 11-202 Preliminary Receipt dated October 4, 2017 Offering Price and Description: * Preferred Shares and * Class A Shares Price: $* per Preferred Share and $* per Class A Share Underwriter(s) or Distributor(s): National Bank Financial Inc. CIBC World Markets Inc. Scotia Capital Inc. RBC Dominion Securities Inc. BMO Nesbitt Burns Inc. TD Securities Inc. Canaccord Genuity Corp. GMP Securities L.P. Raymond James Ltd. Desjardins Securities Inc. Echelon Wealth Partners Inc. Industrial Alliance Securities Inc. Mackie Research Capital Corporation Manulife Securities Incorporated Promoter(s): N/A Project #2681013 _______________________________________________ Issuer Name: North American Financial 15 Split Corp. Principal Regulator – Ontario Type and Date: Amended and restate to Preliminary Short Form Prospectus dated October 5, 2017 NP 11-202 Preliminary Receipt dated October 5, 2017 Offering Price and Description: Offering: $69,249,600 3,664,000 Preferred Shares and 3,664,000 Class A Shares Price: $9.90 per Preferred Share and $9.00 per Class A Share Underwriter(s) or Distributor(s): National Bank Financial Inc. CIBC World Markets Inc. Scotia Capital Inc. RBC Dominion Securities Inc. BMO Nesbitt Burns Inc. TD Securities Inc. Canaccord Genuity Corp. GMP Securities L.P. Raymond James Ltd. Desjardins Securities Inc. Echelon Wealth Partners Inc. Industrial Alliance Securities Inc. Mackie Research Capital Corporation Manulife Securities Incorporated Promoter(s): N/A Project #2681013 _______________________________________________

Issuer Name: Phillips, Hager & North Overseas Equity Pension Trust Principal Regulator – Ontario Type and Date: Amendment #1 to Final Simplified Prospectus dated October 6, 2017 and Amendment #2 to AIF dated October 6, 2017 Received on October 6, 2017 Offering Price and Description: - Underwriter(s) or Distributor(s): N/A Promoter(s): N/A Project #2628023 _______________________________________________ Issuer Name: Phillips, Hager & North Overseas Equity Fund Phillips, Hager & North Currency-Hedged Overseas Equity Fund Phillips, Hager & North Global Equity Fund Principal Regulator – Ontario Type and Date: Amendment #2 to Final Simplified Prospectus dated October 6, 2017 Received on October 6, 2017 Offering Price and Description: - Underwriter(s) or Distributor(s): Phillips, Hager & North Investment Funds Ltd. Promoter(s): RBC Global Asset Management Inc. Project #2628011 _______________________________________________


October 12, 2017

(2017), 40 OSCB 8421

Issuer Name: Pinnacle Balanced Portfolio Pinnacle Growth Portfolio Pinnacle Income Portfolio Scotia Aria Conservative Build Portfolio Scotia Aria Conservative Core Portfolio Scotia Aria Conservative Pay Portfolio Scotia Aria Moderate Build Portfolio Scotia Aria Moderate Core Portfolio Scotia Aria Moderate Pay Portfolio Scotia Aria Progressive Build Portfolio Scotia Aria Progressive Core Portfolio Scotia Aria Progressive Pay Portfolio Scotia Balanced Opportunities Fund Scotia Bond Fund Scotia Canadian Balanced Fund Scotia Canadian Blue Chip Fund Scotia Canadian Bond Index Fund Scotia Canadian Dividend Fund Scotia Canadian Growth Fund Scotia Canadian Income Fund Scotia Canadian Index Fund Scotia Canadian Small Cap Fund Scotia Conservative Income Fund Scotia Diversified Monthly Income Fund Scotia Dividend Balanced Fund Scotia European Fund Scotia Floating Rate Income Fund Scotia Global Balanced Fund Scotia Global Bond Fund Scotia Global Dividend Fund Scotia Global Growth Fund Scotia Global Opportunities Fund Scotia Global Small Cap Fund Scotia Income Advantage Fund Scotia INNOVA Balanced Growth Portfolio Scotia INNOVA Balanced Income Portfolio Scotia INNOVA Growth Portfolio Scotia INNOVA Income Portfolio Scotia INNOVA Maximum Growth Portfolio Scotia International Index Fund Scotia International Value Fund Scotia Latin American Fund Scotia Money Market Fund Scotia Mortgage Income Fund Scotia Nasdaq Index Fund Scotia Pacific Rim Fund Scotia Partners Balanced Growth Portfolio Scotia Partners Balanced Income Portfolio Scotia Partners Growth Portfolio Scotia Partners Income Portfolio Scotia Partners Maximum Growth Portfolio Scotia Private American Core-Plus Bond Pool Scotia Private Canadian All Cap Equity Pool Scotia Private Canadian Corporate Bond Pool Scotia Private Canadian Equity Pool Scotia Private Canadian Growth Pool Scotia Private Canadian Mid Cap Pool Scotia Private Canadian Preferred Share Pool Scotia Private Canadian Small Cap Pool Scotia Private Canadian Value Pool Scotia Private Emerging Markets Pool Scotia Private Fundamental Canadian Equity Pool

Scotia Private Global Credit Pool Scotia Private Global Equity Pool Scotia Private Global High Yield Pool Scotia Private Global Infrastructure Pool Scotia Private Global Low Volatility Equity Pool Scotia Private Global Real Estate Pool Scotia Private High Yield Income Pool Scotia Private Income Pool Scotia Private International Core Equity Pool Scotia Private International Equity Pool Scotia Private International Small to Mid Cap Value Pool Scotia Private North American Dividend Pool Scotia Private Options Income Pool Scotia Private Real Estate Income Pool Scotia Private Short Term Income Pool Scotia Private Short-Mid Government Bond Pool Scotia Private Strategic Balanced Pool Scotia Private Total Return Bond Pool Scotia Private U.S. Dividend Pool Scotia Private U.S. Large Cap Growth Pool Scotia Private U.S. Mid Cap Value Pool Scotia Private U.S. Value Pool Scotia Resource Fund Scotia Selected Balanced Growth Portfolio Scotia Selected Balanced Income Portfolio Scotia Selected Growth Portfolio Scotia Selected Income Portfolio Scotia Selected Maximum Growth Portfolio Scotia Short Term Bond Fund Scotia T-Bill Fund Scotia U.S. $ Balanced Fund Scotia U.S. $ Bond Fund Scotia U.S. $ Money Market Fund Scotia U.S. Blue Chip Fund Scotia U.S. Dividend Fund Scotia U.S. Index Fund Scotia U.S. Opportunities Fund Principal Regulator – Ontario Type and Date: Combined Preliminary and Pro Forma Simplified Prospectus dated September 29, 2017 NP 11-202 Preliminary Receipt dated October 3, 2017 Offering Price and Description: Pinnacle Series and Series M units Underwriter(s) or Distributor(s): Scotia Capital Inc. Scotia Securities Inc. 1832 Asset Management L.P. Scotia Securities Inc. Promoter(s): 1832 Asset Management L.P. Project #2680356 _______________________________________________


October 12, 2017

(2017), 40 OSCB 8422

Issuer Name: Mackenzie Canadian Balanced Fund Mackenzie Emerging Markets Class Principal Regulator – Ontario Type and Date: Amendment #1 to Final Simplified Prospectus dated September 29, 2017 NP 11-202 Receipt dated October 4, 2017 Offering Price and Description: Quadrus series, D5 series, D8 series, H series, H5 series, H8 series, L series, L5 series, L8 series, N series, N5 series, N8 series, QF series and QF5 series securities @ Net Asset Value Underwriter(s) or Distributor(s): Quadrus Investment Services Ltd. Quadrus Investment Services Inc. Promoter(s): Mackenzie Financial Corporation Project #2621242 _______________________________________________ Issuer Name: Alignvest Top 20 Fund Principal Regulator – Ontario Type and Date: Final Simplified Prospectus dated October 4, 2017 NP 11-202 Receipt dated October 5, 2017 Offering Price and Description: Class A and Class F Units @ net asset value Underwriter(s) or Distributor(s): N/A Promoter(s): Alignvest Capital Management Inc. Project #2661588 _______________________________________________ Issuer Name: BMO High Yield US Corporate Bond Index ETF BMO MSCI Canada Value Index ETF BMO MSCI EAFE Value Index ETF BMO MSCI USA Value Index ETF BMO Shiller Select US Index ETF Principal Regulator – Ontario Type and Date: Final Long Form Prospectus dated October 2, 2017 NP 11-202 Receipt dated October 3, 2017 Offering Price and Description: Units Underwriter(s) or Distributor(s): N/A Promoter(s): BMO Asset Management Inc. Project #2670204 _______________________________________________

Issuer Name: Educators U.S. Equity Fund Principal Regulator – Ontario Type and Date: Amendment #2 dated to Final Simplified Prospectus September 15, 2017 NP 11-202 Receipt dated October 5, 2017 Offering Price and Description: Class A and Class I Units @ Net Asset Value Underwriter(s) or Distributor(s): Educators Financial Group Inc. Promoter(s): Educators Financial Group Inc. Project #2609937 _______________________________________________ Issuer Name: Educators Balanced Fund Educators Bond Fund Educators Dividend Fund Educators Growth Fund Educators Money Market Fund Educators Monthly Income Fund Educators Mortgage & Income Fund Principal Regulator – Ontario Type and Date: Amendment #3 to Final Simplified Prospectus dated September 15, 2017 NP 11-202 Receipt dated October 5, 2017 Offering Price and Description: Class I Units @ Net Asset Value Underwriter(s) or Distributor(s): Educators Financial Group Inc. Promoter(s): Educators Financial Group Inc. Project #2609937 _______________________________________________


October 12, 2017

(2017), 40 OSCB 8423

Issuer Name: Fidelity American High Yield Currency Neutral Investment Trust Fidelity American High Yield Investment Trust Fidelity Asset Allocation Currency Neutral Private Pool Fidelity Asset Allocation Private Pool Fidelity Balanced Currency Neutral Private Pool Fidelity Balanced Income Currency Neutral Private Pool Fidelity Balanced Income Private Pool Fidelity Balanced Private Pool Fidelity Canadian Equity Investment Trust Fidelity Canadian Equity Private Pool Fidelity Canadian Real Return Bond Index Investment Trust Fidelity Canadian Short Term Fixed Income Investment Trust Fidelity Concentrated Canadian Equity Investment Trust Fidelity Concentrated Canadian Equity Private Pool Fidelity Concentrated Value Investment Trust Fidelity Concentrated Value Private Pool Fidelity Conservative Income Private Pool Fidelity Convertible Securities Investment Trust Fidelity Emerging Markets Debt Investment Trust Fidelity Emerging Markets Equity Investment Trust Fidelity Emerging Markets Investment Trust Fidelity Floating Rate High Income Investment Trust Fidelity Global Bond Currency Neutral Investment Trust Fidelity Global Bond Investment Trust Fidelity Global Credit Investment Trust Fidelity Global Equity Currency Neutral Private Pool Fidelity Global Equity Investment Trust Fidelity Global Equity Private Pool Fidelity Global High Yield Investment Trust Fidelity Global Real Estate Investment Trust Fidelity High Income Commercial Real Estate Investment Trust Fidelity Insights Investment Trust Fidelity International Disciplined Equity Investment Trust Fidelity International Equity Currency Neutral Private Pool Fidelity International Equity Investment Trust Fidelity International Equity Private Pool Fidelity International Growth Investment Trust Fidelity Premium Fixed Income Private Pool Fidelity Premium Fixed Income Private Pool Class Fidelity Premium Money Market Private Pool Fidelity Premium Tactical Fixed Income Private Pool Fidelity U.S. Bond Investment Trust Fidelity U.S. Dividend Private Pool Fidelity U.S. Equity Currency Neutral Private Pool Fidelity U.S. Equity Investment Trust Fidelity U.S. Equity Private Pool Fidelity U.S. Growth and Income Private Pool Fidelity U.S. Money Market Investment Trust Fidelity U.S. Multi-Cap Investment Trust Fidelity U.S. Small/Mid Cap Equity Investment Trust Principal Regulator – Ontario Type and Date: Final Simplified Prospectus dated September 29, 2017 NP 11-202 Receipt dated October 5, 2017 Offering Price and Description: Series B, D, F, I, S5, S8, I, I5, I8, F, F5, F8 and O securities Underwriter(s) or Distributor(s): Fidelity Investments Canada ULC

Promoter(s): Fidelity Investments Canada ULC Project #2661253 _______________________________________________ Issuer Name: LOGiQ MLP and Infrastructure Income Class LOGiQ Resource Growth and Income Class LOGiQ Balanced Monthly Income Class LOGiQ Growth Class LOGiQ Special Opportunities Class LOGiQ Global Opportunities Class LOGiQ Tactical Equity Class LOGiQ Money Market Class LOGiQ Tactical Bond Class LOGiQ Global Balanced Income Class LOGiQ Tactical Bond Fund Principal Regulator – Ontario Type and Date: Amendment #1 to Final Simplified Prospectus dated September 21, 2017 NP 11-202 Receipt dated October 5, 2017 Offering Price and Description: Series A, B, F, I, X, UB, UF and UI shares Underwriter(s) or Distributor(s): N/A Promoter(s): LOGiQ Capital 2016 Project #2633183 _______________________________________________ Issuer Name: LOGiQ Global Resource Fund LOGiQ High Income Fund LOGiQ Millennium Fund LOGiQ Strategic Yield Fund LOGiQ Total Return Fund Principal Regulator – Ontario Type and Date: Amendment #1 to Final Simplified Prospectus dated September 21, 2017 NP 11-202 Receipt dated October 5, 2017 Offering Price and Description: Series A, B, TA6, F, UF, TF6 and I units Underwriter(s) or Distributor(s): Aston Hill Asset Management Inc. Promoter(s): LOGiQ Asset Management Ltd. Project #2611300 _______________________________________________


October 12, 2017

(2017), 40 OSCB 8424

Issuer Name: LOGiQ Growth Fund Principal Regulator – Ontario Type and Date: Amendment #1 to Final Simplified Prospectus dated September 21, 2017 NP 11-202 Receipt dated October 5, 2017 Offering Price and Description: Series A, B and F units Underwriter(s) or Distributor(s): N/A Promoter(s): LOGiQ Capital 2016 Project #2633187 _______________________________________________ Issuer Name: Mackenzie All China Equity Fund Mackenzie Canadian All Cap Balanced Class Mackenzie Canadian All Cap Balanced Fund Mackenzie Canadian All Cap Dividend Class Mackenzie Canadian All Cap Dividend Fund Mackenzie Canadian All Cap Value Class Mackenzie Canadian All Cap Value Fund Mackenzie Canadian Bond Fund Mackenzie Canadian Growth Balanced Class Mackenzie Canadian Growth Balanced Fund Mackenzie Canadian Growth Class Mackenzie Canadian Growth Fund Mackenzie Canadian Balanced Fund Mackenzie Canadian All Cap Dividend Growth Fund Mackenzie Canadian Large Cap Dividend Class Mackenzie Canadian Large Cap Dividend Fund Mackenzie Canadian Large Cap Growth Fund Mackenzie Canadian Money Market Class Mackenzie Canadian Money Market Fund Mackenzie Canadian Resource Fund Mackenzie Canadian Short Term Income Fund Mackenzie Canadian Small Cap Class Mackenzie Canadian Small Cap Fund Mackenzie Corporate Bond Fund Mackenzie Cundill Canadian Balanced Fund Mackenzie Cundill Canadian Security Class Mackenzie Cundill Canadian Security Fund Mackenzie Cundill Recovery Class Mackenzie Cundill Recovery Fund Mackenzie Cundill US Class Mackenzie Cundill Value Class Mackenzie Cundill Value Fund Mackenzie Diversified Alternatives Fund Mackenzie Emerging Markets Class Mackenzie Emerging Markets Opportunities Class Mackenzie Floating Rate Income Fund Mackenzie Global Equity Fund Mackenzie Global Credit Opportunities Fund Mackenzie Global Dividend Fund Mackenzie Global Growth Class Mackenzie Global Low Volatility Fund Mackenzie Global Resource Class Mackenzie Global Small Cap Class Mackenzie Global Small Cap Fund Mackenzie Global Sustainability and Impact Balanced Fund Mackenzie Global Strategic Income Fund

Mackenzie Global Tactical Bond Fund Mackenzie Global Tactical Investment Grade Bond Fund Mackenzie Global Leadership Impact Fund Mackenzie Gold Bullion Class Mackenzie Growth Fund Mackenzie High Diversification Canadian Equity Class Mackenzie High Diversification Emerging Markets Equity Fund Mackenzie High Diversification European Equity Fund Mackenzie High Diversification Global Equity Fund Mackenzie High Diversification International Equity Fund Mackenzie High Diversification US Equity Fund Mackenzie Income Fund Mackenzie Ivy International Class Mackenzie Ivy International Fund Mackenzie Investment Grade Floating Rate Fund Mackenzie Ivy Canadian Balanced Class Mackenzie Ivy Canadian Balanced Fund Mackenzie Ivy Canadian Fund Mackenzie Ivy European Class Mackenzie Ivy Foreign Equity Class Mackenzie Ivy Foreign Equity Currency Neutral Class Mackenzie Ivy Foreign Equity Fund Mackenzie Ivy Global Balanced Class Mackenzie Ivy Global Balanced Fund Mackenzie Ivy International Equity Fund Mackenzie Monthly Income Balanced Portfolio Mackenzie Monthly Income Conservative Portfolio Mackenzie North American Corporate Bond Fund Mackenzie Precious Metals Class Mackenzie Private Canadian Focused Equity Pool Mackenzie Private Canadian Focused Equity Pool Class Mackenzie Private Canadian Money Market Pool Mackenzie Private Global Conservative Income Balanced Pool Mackenzie Private Global Equity Pool Mackenzie Private Global Equity Pool Class Mackenzie Private Global Fixed Income Pool Mackenzie Private Global Income Balanced Pool Mackenzie Private Income Balanced Pool Mackenzie Private Income Balanced Pool Class Mackenzie Private US Equity Pool Mackenzie Private US Equity Pool Class Mackenzie Strategic Bond Fund Mackenzie Strategic Income Fund Mackenzie Unconstrained Fixed Income Fund Mackenzie US All Cap Growth Fund Mackenzie US Dividend Fund Mackenzie US Dividend Registered Fund Mackenzie US Growth Class Mackenzie US Large Cap Class Mackenzie US Low Volatility Fund Mackenzie US Mid Cap Growth Class Mackenzie US Mid Cap Growth Currency Neutral Class Mackenzie US Strategic Income Fund Mackenzie USD Global Strategic Income Fund Mackenzie USD Global Tactical Bond Fund Mackenzie USD Ultra Short Duration Income Fund Symmetry Balanced Portfolio Symmetry Balanced Portfolio Class Symmetry Conservative Income Portfolio Symmetry Conservative Income Portfolio Class Symmetry Conservative Portfolio


October 12, 2017

(2017), 40 OSCB 8425

Symmetry Conservative Portfolio Class Symmetry Equity Portfolio Class Symmetry Fixed Income Portfolio Symmetry Growth Portfolio Symmetry Growth Portfolio Class Symmetry Moderate Growth Portfolio Symmetry Moderate Growth Portfolio Class Principal Regulator – Ontario Type and Date: Final Simplified Prospectus dated September 29, 2017 NP 11-202 Receipt dated October 4, 2017 Offering Price and Description: Investor Series, Series A, Series AR, Series D, Series F, Series F5, Series F8, Series FB, Series FB5, Series O, Series PW, Series PWF, Series PWF5, Series PWF8, Series PWFB, Series PWFB5, Series PWT5, Series PWT8,

Series PWX, Series PWX5, Series PWX8, Series S5, Series S8, Series SC, Series T5 and Series T8 Underwriter(s) or Distributor(s): Quadrus Investment Services Ltd. LBC Financial Services Inc. Promoter(s): Mackenzie Financial Corporation Project #2656987 _______________________________________________


October 12, 2017

(2017), 40 OSCB 8426

NON-INVESTMENT FUNDS

Issuer Name: Atrium Mortgage Investment Corporation Principal Regulator – Ontario Type and Date: Preliminary Shelf Prospectus dated October 3, 2017 NP 11-202 Preliminary Receipt dated October 3, 2017 Offering Price and Description: $250,000,000.00 – Common Shares, Debt Securities, Subscription Receipts, Warrants, Units Underwriter(s) or Distributor(s): - Promoter(s): - Project #2680697 _______________________________________________ Issuer Name: Jamieson Wellness Inc. Principal Regulator – Ontario Type and Date: Preliminary Short Form Prospectus dated October 3, 2017 NP 11-202 Preliminary Receipt dated October 3, 2017 Offering Price and Description: $240,870,000.00 – 13,020,000 Common Shares Price: $18.50 per Common Share Underwriter(s) or Distributor(s): BMO Nesbitt Burns Inc. RBC Dominion Securities Inc. CIBC World Markets Inc. Scotia Capital Inc. National Bank Financial Inc. TD Securities Inc. Canaccord Genuity Corp. Cormark Securities Inc. Promoter(s): - Project #2680545 _______________________________________________ Issuer Name: Brookfield Asset Management Inc. Brookfield Finance Inc. Brookfield Finance LLC Principal Regulator – Ontario Type and Date: Amendment #1 dated September 29, 2017 to Final Shelf Prospectus dated February 17, 2017 NP 11-202 Receipt dated October 4, 2017 Offering Price and Description: Debt Securities Class A Preference Shares Class A Limited Voting Shares Underwriter(s) or Distributor(s): - Promoter(s): - Project #2582877 _______________________________________________

Issuer Name: Brookfield Finance Inc. Brookfield Finance LLC Brookfield Asset Management Inc. Principal Regulator – Ontario Type and Date: Amendment #1 dated September 29, 2017 to Final Shelf Prospectus dated February 17, 2017 NP 11-202 Receipt dated October 4, 2017 Offering Price and Description: - Underwriter(s) or Distributor(s): - Promoter(s): - Project #2582878 _______________________________________________ Issuer Name: Brookfield Finance LLC Brookfield Asset Management Inc. Brookfield Finance Inc. Principal Regulator – Ontario Type and Date: Amendment #1 dated September 29, 2017 to Final Shelf Prospectus dated February 17, 2017 NP 11-202 Receipt dated October 4, 2017 Offering Price and Description: - Underwriter(s) or Distributor(s): - Promoter(s): - Project #2582880 _______________________________________________ Issuer Name: Paramount Gold Nevada Corp. Principal Regulator – Ontario Type and Date: Final Short Form Prospectus dated October 3, 2017 NP 11-202 Receipt dated October 4, 2017 Offering Price and Description: US$4,480,000.00 – 3,200,000 Shares of Common Stock Underwriter(s) or Distributor(s): Canaccord Genuity Corp. Cantor Fitzgerald Canada Corporation Promoter(s): - Project #2680376 _______________________________________________


October 12, 2017

(2017), 40 OSCB 8427

Issuer Name: Sherpa Holdings Corp. Principal Regulator – British Columbia Type and Date: Final CPC Prospectus (TSX-V) dated October 2, 2017 NP 11-202 Receipt dated October 5, 2017 Offering Price and Description: $250,000.00 – 2,500,000 Common Shares Price: $0.10 per Common Share Underwriter(s) or Distributor(s): PI FINANCIAL CORP. Promoter(s): - Project #2640722 _______________________________________________ Issuer Name: Val-d'Or Mining Corporation (formerly Nunavik Nickel Mines Ltd.) Principal Regulator – Quebec Type and Date: Final Short Form Prospectus dated October 3, 2017 NP 11-202 Receipt dated October 5, 2017 Offering Price and Description: C$1,200,000.00 – 12,000,000 Units Price: C$0.10 per Unit Underwriter(s) or Distributor(s): Canaccord Genuity Corp. Promoter(s): - Project #2672411 _______________________________________________ Issuer Name: Western Energy Services Corp. Principal Regulator – Alberta (ASC) Type and Date: Final Short Form Prospectus dated October 5, 2017 NP 11-202 Receipt dated October 5, 2017 Offering Price and Description: $11,375,000.00 – 9,100,000 Common Shares Price: $1.25 per Common Share Underwriter(s) or Distributor(s): Peters & Co. Limited Promoter(s): - Project #2677400 _______________________________________________

Issuer Name: Wow Unlimited Media Inc. (formerly, Rainmaker Entertainment Inc.) Principal Regulator – British Columbia Type and Date: Final Shelf Prospectus dated October 5, 2017 NP 11-202 Receipt dated October 5, 2017 Offering Price and Description: $150,000,000.00 – Common Voting Shares, Variable Voting Shares, Preferred Shares, Debt Securities, Subscription Receipts, Warrants, Units Underwriter(s) or Distributor(s): - Promoter(s): - Project #2678998 _______________________________________________


October 12, 2017

(2017), 40 OSCB 8428


October 12, 2017

(2017), 40 OSCB 8429

Chapter 12

Registrations 12.1.1 Registrants

Type Company Category of Registration Effective Date

Change in Registration Category

Equiton Capital Inc. From: Exempt Market Dealer To: Exempt Market Dealer, Investment Fund Manager and Portfolio Manager

October 4, 2017


NS Partners Ltd. From: Portfolio Manager To: Portfolio Manager, Exempt Market Dealer and Investment Fund Manager

October 5, 2017


ReSolve Asset Management Inc.

From: Portfolio Manager, Exempt Market Dealer and Investment Fund Manager To: Portfolio Manager, Exempt Market Dealer, Investment Fund Manager and Commodity Trading Manager

October 5, 2017

Name Change From: Bullion Marketing Services Inc. To: BMG Marketing Services Inc.

Exempt Market Dealer September 20, 2017


ETF Capital Management From: Investment Fund Manager and Portfolio Manager To: Investment Fund Manager, Portfolio Manager and Exempt Market Dealer

October 3, 2017

Registrations

October 12, 2017

(2017), 40 OSCB 8430


October 12, 2017

(2017), 40 OSCB 8431

Chapter 13

SROs, Marketplaces, Clearing Agencies and Trade Repositories

13.2 Marketplaces 13.2.1 Nasdaq CXC Limited and Ensoleillement Inc. – Application for Recognition as Exchanges – Notice and

Request for Comment

NASDAQ CXC LIMITED AND ENSOLEILLEMENT INC.

APPLICATION FOR RECOGNITION AS EXCHANGES

NOTICE AND REQUEST FOR COMMENT

I. INTRODUCTION Nasdaq CXC Limited (Nasdaq Canada) and Ensoleillement Inc. (CXCH) have applied to the Ontario Securities Commission (Commission) for recognition as exchanges under section 21 of the Securities Act (Ontario). Nasdaq Canada is a wholly-owned subsidiary of CXCH, which is in turn wholly-owned by Nasdaq, Inc. (Nasdaq). Nasdaq Canada currently carries on business in Ontario as an alternative trading system (ATS), operating three equity trading facilities – Nasdaq CXC, Nasdaq CX2, and Nasdaq CXD. Nasdaq Canada also operates NFI, a fixed income facility that allows permitted clients to trade US treasuries on a US based ATS. In the event the Commission recognises Nasdaq Canada and CXCH as exchanges, the trading facilities operated by Nasdaq Canada will become trading facilities of the exchanges. Staff of the Commission is publishing this Notice and Request for Comment, together with the following documentation, for a 30-day public comment period:

• Appendix A – Application by Nasdaq Canada and CXCH for recognition as exchanges (Application); • Appendix B – Draft order, with terms and conditions, recognizing Nasdaq Canada and CXCH as exchanges.

The comment period for this Notice and Request for Comment will close on November 13, 2017. Please see Part IV of this Notice for information on how to provide comment. II. APPLICATION In the Application, Nasdaq Canada and CXCH have made representations regarding how each applicant proposes to meet the criteria for recognition as an exchange. In particular, Nasdaq Canada and CXCH have made representations in respect of the recognition criteria related to: governance, fees, access, rules and rulemaking, regulation of participants, due process, systems and technology, financial viability, clearing and settlement, information sharing and regulatory cooperation. The recognition criteria can be found at Appendix A to the Application. As proposed, the market structure for Nasdaq Canada is unchanged from that of the trading facilities presently operated by Nasdaq CXC Limited under its registration as an ATS. As indicated, in the event of recognition, the trading facilities currently operated by Nasdaq CXC Limited will become trading facilities of the exchanges, with no changes to functionality. We note as well that Nasdaq Canada is not, at this point, proposing to list issuers’ securities. Consequently, the proposed terms and conditions of recognition include a provision that no securities are to be listed on Nasdaq Canada except with the prior approval of the Commission. If and when Nasdaq Canada proposes to list securities, the listing rules will go through the process of being reviewed, published for comment and presented to the Commission. III. TERMS AND CONDITIONS OF RECOGNITION As indicated, Nasdaq Canada and CXCH have made representations in respect of complying with the criteria for recognition. The following sections of the notice discuss the general approach to the terms and conditions of recognition and specifically discuss the application of some of the terms and conditions.


October 12, 2017

(2017), 40 OSCB 8432

Recognition of Nasdaq We note that, as proposed, Nasdaq will not be recognized as an exchange. Generally, the Commission’s approach to the recognition of exchanges is that the Commission will seek to recognize any entity that carries on exchange-like functions, whether or not the entity actually operates an exchange. The consequence to this approach is that in some cases, the Commission has recognized an ultimate parent company of an exchange operator as an exchange because the entity carried out exchange functions. These functions included establishing the strategic direction for the exchange and nominating directors to the board. Based on Staff’s review of the Application and the representations of Nasdaq and Nasdaq Canada, Nasdaq does not carry out exchange activities in respect of Nasdaq Canada and CXCH that would warrant recognition as an exchange. We note in particular that Nasdaq maintains a separate and distinct board of directors from both Nasdaq Canada and CXCH and that Nasdaq Canada is responsible for establishing its own strategic direction. Staff has proposed that even though Nasdaq would not be recognized, it would be subject to certain terms and conditions in areas where it has a degree of influence over the business and operations of Nasdaq Canada. In particular, Nasdaq would be required to take reasonable steps to ensure that each director and officer of Nasdaq Canada would be a fit and proper person and to allocate sufficient financial and other resources to Nasdaq Canada to ensure that Nasdaq Canada can carry out its functions in a manner that is consistent with the public interest and in compliance with Ontario securities law. Nasdaq would also be subject to the requirements to establish policies and procedures to identify and manage conflicts of interest, restrictions in respect of the routing of order flow to Nasdaq Canada, and restrictions regarding the bundling of its products and services with those of Nasdaq Canada. The proposed terms and conditions that would apply to Nasdaq may be found at Schedule 4 to the draft recognition order. Significant Shareholders of Nasdaq As with the recognition of ultimate parent companies as exchanges, the Commission has also, in appropriate circumstances, imposed terms and conditions on the significant shareholders1 of these parent companies. The purpose of these terms and conditions is to establish requirements in areas where significant shareholders may be able to exercise influence over the business and operations of the recognized exchange. Examples of such terms and conditions include restrictions on the routing of order flow to the recognized exchange and disclosure to clients of the significant shareholders that they have an ownership interest in the recognized exchange. Nasdaq has several shareholders that would constitute significant shareholders.2 Staff is proposing a limited number of terms and conditions that would apply to these significant shareholders. These terms and conditions relate primarily to restrictions on the routing of order flow to Nasdaq Canada, the management of conflicts of interest, restrictions on the ability of significant shareholders to incent their employees to preference Nasdaq Canada as a marketplace, and requirements for the significant shareholders to disclose their relationship with Nasdaq Canada to clients whose orders may be routed to Nasdaq Canada. We note that, based on the Application and the representations of Nasdaq Canada and Nasdaq, the significant shareholders of Nasdaq have a limited ability and opportunity to influence the business and operations of Nasdaq Canada. The significant shareholders have no rights to nominate individuals to the boards of CXCH and Nasdaq Canada and are restricted generally in their ability to vote their shares of Nasdaq. As such, in Staff’s view, the approach to impose these limited terms and conditions being proposed for significant shareholders is appropriately tied to their limited ability to influence the business and operations of Nasdaq Canada. The proposed terms and conditions that would apply to the significant shareholders of Nasdaq may be found at Schedule 4 to the draft recognition order. Nasdaq Canada and CXCH Terms and Conditions Additional terms and conditions have been proposed for Nasdaq Canada and CXCH. In addition to terms and conditions that would require Nasdaq Canada and CXCH to establish policies and procedures to identify and manage conflicts of interest together with financial reporting and financial viability monitoring, specific terms and conditions have been proposed in order to limit Nasdaq Canada’s ability to provide discounts on its fees conditional on the purchase of products and services offered by Nasdaq. The terms and conditions would also limit Nasdaq Canada’s ability to incent or encourage Nasdaq affiliates or significant shareholders from coordinating the routing of order flow to Nasdaq Canada.

1 The Commission has typically established significant shareholders as the owners of more than 5% of the issued and outstanding securities

of the parent company. 2 The following entities own more than 5% of the issued and outstanding shares of Nasdaq: Borse Dubai (17.9%), Investor AB (11.7%), MFS

Institutional Advisors (9.2%), BlackRock (5.6%), Vanguard Group (6.5%).


October 12, 2017

(2017), 40 OSCB 8433

The proposed terms and conditions that would apply to Nasdaq Canada may be found at Schedule 2 to the draft recognition order. The proposed terms and conditions that would apply to CXCH may be found at Schedule 3 to the draft recognition order. IV. REQUEST FOR COMMENTS Staff is seeking comment on all aspects of the Application and the draft terms and conditions of recognition. Documentation pertaining to the operations of the proposed exchanges can be found on the Commission’s website. Comments should be in writing and submitted by November 13, 2017, to:

Market Regulation Branch Ontario Securities Commission

20 Queen Street West, 20th Floor Toronto, ON, M5H 3S8

Fax: 416.595.8940 email: [email protected]

Comments received will be made public on the Commission’s website. Questions on the content of this Notice and the draft recognition order may be directed to: Tracey Stern Manager, Market Regulation [email protected] Christopher Byers Senior Legal Counsel, Market Regulation [email protected] Barb Majerski Legal Counsel, Market Regulation [email protected] Questions on the content of the Application may be directed to: Matthew Thompson Nasdaq CXC Chief Compliance Officer [email protected]


October 12, 2017

(2017), 40 OSCB 8434

APPENDIX A

NASDAQ CXC LIMITED

25 York Street, Suite 900 Toronto, Ontario M5J 2V5

●, 2017 Ontario Securities Commission 20 Queen Street West, 22nd Floor Toronto, Ontario M5H 3S8 Attention: Susan Greenglass, Director of Market Regulation Dear Sirs/Mesdames, Re: Application for Recognition as exchanges of Nasdaq CXC Limited (“Nasdaq Canada”) and its parent holding

company, Ensoleillement Inc. (“CXCH”) I. Application for Recognition of Nasdaq Canada and CXCH (a) Application for recognition of Nasdaq Canada This letter (the “Application”) sets out the application of Nasdaq Canada to the Ontario Securities Commission (the “Commission”) for recognition of Nasdaq Canada as an exchange in accordance with section 21(2) of the Securities Act (Ontario), R.S.O. 1990, c. S.5 (the “Act”) and in accordance with the terms and conditions set out in the draft exchange recognition order published by the Commission on October 12, 2017 (the “Recognition Order”). (b) Application for recognition of CXCH This letter also sets out the application of CXCH, the holding company of Nasdaq Canada, to the Commission for recognition of CXCH as an exchange in accordance with section 21(2) of the Act and in accordance with the terms of the Recognition Order. (c) Application for Exemptive Relief in Canadian Jurisdictions other than Ontario Nasdaq Canada will be operating as an exchange across Canada. It has applied1 for an exemption from exchange recognition for Nasdaq Canada and CXCH in each jurisdiction in Canada, other than Ontario, on the basis of the Lead Regulator Model. The Lead Regulator Model is set out in a Memorandum of Understanding (“MOU”) among certain members of the Canadian Securities Administrators about the oversight of exchanges2. The underlying principles of the Lead Regulator Model are based upon each recognized exchange (“Exchange”) having a lead regulator (“Lead Regulator”) responsible for its oversight, and one or more exempting regulators (“Exempting Regulators”). The Exempting Regulators exempt the Exchange from recognition on the basis that:

(A) the Exchange is and will continue to be recognized by the Lead Regulator as an Exchange; (B) the Lead Regulator is responsible for conducting the regulatory oversight of the Exchange; and (C) the Lead Regulator will inform the Exempting Regulators of its oversight activities and the Exempting

Regulators will have the opportunity to raise issues concerning the oversight of the Exchange with the Lead Regulator in accordance with the MOU.

1 The exemption application will be published by the Autorité des marchés financiers. 2 The current MOU became effective on January 1, 2010 and is available online here:

http://www.osc.gov.on.ca/documents/en/Securities/mou_20091002_nca-amd-mou-qtrs.pdf


October 12, 2017

(2017), 40 OSCB 8435

II. Background and Introduction to the Nasdaq Canada Application Current Operations Since the acquisition by Nasdaq, Inc. in February of 2016, Nasdaq CXC Limited (“Nasdaq ATS”) has continued operating the CXC alternative trading system (“CXC”) for the trading of securities listed on the Toronto Stock Exchange (“TSX”) and TSX Venture Exchange (“TSXV”). Nasdaq ATS commenced operations on February 20, 2008 and is a corporation incorporated under the Canada Business Corporations Act (“CBCA”). It currently has 66 subscribers and offers trading in over 4100 securities. Nasdaq ATS subscribers must be members in good standing of the Investment Industry Regulatory Organization of Canada (“IIROC”) with the ability to clear trades on a continuous net settlement basis with the Canadian Depository for Securities. Nasdaq ATS operates a second trading facility, Nasdaq CX2 (“CX2”), which offers trading in the same listed securities as that of CXC. CX2 is available to registered investment dealers who are members in good standing of IIROC. CX2 operates as a separate marketplace using the same trading platform as CXC. Key features of the CX2 platform are described in the Trading section of this Application letter. There is no requirement for CX2 subscribers to also become subscribers of CXC. Nasdaq ATS also operates a third Canadian trading facility, Nasdaq CXD (“CXD”), which is a dark trading book. CXD is available to registered investment dealers who are members in good standing of IIROC. CXD operates as a separate marketplace using the same trading platform as CX2. Key features of the CXD platform are described in the Trading section of this Application letter. There is no requirement for CXD subscribers to also become subscribers of CXC or CX2. Nasdaq ATS also provides Canadian “permitted clients” as defined in National Instrument 31-103 – Registration Requirements, Exemptions and Ongoing Registrant Obligations (“NI 31-103”) access to the Nasdaq Fixed Income trading system (“NFI”) operated by its U.S. affiliate Execution Access, LLC (“EA”) for purposes of trading non-Canadian fixed income securities (“U.S. Treasury securities” or “UST”). Key features of the NFI platform are described in the Trading section of this Application letter. On the effective date of the Recognition Order issued pursuant to this Application (the “Recognition Date”), Nasdaq ATS will cease operations as an ATS and Nasdaq Canada will commence operations as an exchange. CXCH is a corporation incorporated under the New Brunswick Business Corporations Act on December 9, 2015. CXCH is currently and will continue to be the sole shareholder of Nasdaq Canada on the Recognition Date. Participants / Membership Nasdaq Canada will operate an electronic automated marketplace for participating IIROC members (“Members”) to trade securities listed on TSX, TSXV and Canadian Securities Exchange (“CSE”), on substantially the same basis as Nasdaq ATS has been operating. The Nasdaq Canada market structure will include three separate trading books (each, a “Trading Book”): the Nasdaq CXC Book (CXC Book), the Nasdaq CX2 Book (CX2 Book) and the Nasdaq CXD Book (CXD Book). Effective on the Recognition Date, the CXC Book, CX2 Book and CXD Book will provide substantially the same services to Members as the three trading platforms of Nasdaq ATS provide to Subscribers today. It is expected that existing CXC, CX2 and CXD subscribers will execute the proposed Nasdaq Canada Member Agreement. As part of the proposed Nasdaq Canada Member Agreement, Nasdaq Canada Members will agree to be bound by the Exchange Requirements, as more fully described further on in this Application. A copy of the proposed Nasdaq Canada Member Agreement is published with this Application and a version will be available on Nasdaq Canada’s website from the Recognition Date. Effective on the Recognition Date, Nasdaq Canada will continue to provide Canadian “permitted clients” as defined in NI 31-103 access to the NFI system operated by EA for purposes of trading U.S. Treasury securities. Trading Policies Nasdaq Canada will adopt the Trading Rules and Policies published with this application and a version will be available on Nasdaq Canada’s website from the Recognition Date. III. Recognition Criteria for Nasdaq Canada The following sets out the recognition criteria that will be applicable to Nasdaq Canada and how Nasdaq Canada proposes to address those criteria. The criteria cover the following topics:


October 12, 2017

(2017), 40 OSCB 8436

• Governance • Access • Regulation of Participants and Issuers • Rules and Rulemaking • Due Process • Clearing and Settlement • Systems and Technology • Financial Viability • Fees • Information Sharing and Regulatory Cooperation.

A. Governance

Governance Criteria (i) The governance structure and governance arrangements of Nasdaq Canada and CXCH must ensure: (a)

effective oversight of the Exchange; (b) that business and regulatory decisions are in keeping with their public interest mandate; (c) fair, meaningful and diverse representation on the board of directors and any board committees; (d) policies and procedures are in place to appropriately identify and manage conflicts of interest; and (e) there are appropriate qualifications, remuneration, limitation of liability and indemnity provisions for directors; and

(ii) Nasdaq Canada and CXCH must have policies and procedures under which it will take reasonable steps, and

must take such reasonable steps, to ensure that each director and officer is a fit and proper person. 1. Ownership of Nasdaq Canada and CXCH Nasdaq ATS commenced operations on February 20, 2008 and is a corporation incorporated under the CBCA. On the Recognition Date, Nasdaq ATS will cease operations as an ATS and Nasdaq Canada will commence operations as an exchange. CXCH is a corporation incorporated under the New Brunswick Business Corporations Act on December 9, 2015. CXCH is currently and will continue to be the sole shareholder of Nasdaq Canada on the Recognition Date. Nasdaq, Inc. (“Nasdaq”) is a Delaware USA corporation incorporated on January 12, 1976. Nasdaq is the sole shareholder of CXCH. Nasdaq, Inc. is a leading provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services across six continents. Nasdaq’s global offerings are diverse and include trading and clearing across multiple asset classes, access services, data products, financial indexes, capital formation solutions, corporate solutions and market technology products and services. Nasdaq is a publicly traded company and is owned by various shareholders. Other than the shareholders set out in the Form 21-101F13 separately filed with the Commission concurrently with this Application, and as disclosed in Nasdaq’s 2017 Proxy Statement, which was filed with the U.S. Securities and Exchange Commission on March 29, 2017, no known shareholders hold a material percentage of Nasdaq’s securities. 2. Objectives of the Governance Structure The governance structure of Nasdaq Canada and CXCH is designed to ensure:

3 See Exhibit B – Ownership to the Form 21-101F1.


October 12, 2017

(2017), 40 OSCB 8437

• That Nasdaq Canada’s business and regulatory decisions are in keeping with its public interest mandate; • Fair, meaningful and diverse representation on the board of directors and any board committees, including

independent director representation; • Proper consideration and representation of the interests of the persons or companies accessing the facilities

and/or services of Nasdaq Canada; • That Nasdaq Canada and CXCH have policies and procedures to appropriately identify and manage conflicts

of interest; • That each director and officer of Nasdaq Canada and CXCH is a fit and proper person; and • That there are appropriate qualifications, remuneration, limitations of liability and indemnity provisions for

directors and officers. 3. CXCH and Nasdaq Canada Board Structure a. CXCH Board and Committee CXCH is a holding company. The board of directors (“Board”) of CXCH is expected to be comprised of 6 directors, 3 of whom will be independent. The Chair of the CXCH Board will be an independent director. A quorum of the CXCH Board will consist of a majority of directors, at least 50% of whom shall be independent directors. Independence criteria are addressed below. The CXCH Board will establish and maintain a Nominating Committee as further described below. The Chair of the CXCH Nominating Committee will be an independent director. The initial CXCH and Nasdaq Canada Boards are expected to be mirror boards consisting of the same independent and non-independent directors. b. The Nasdaq Canada Board and Committee The Nasdaq Canada Board is expected to be comprised of 6 directors, 3 of whom will be independent. The non-independent directors are expected to be Dan Kessous (the CEO of Nasdaq Canada), Thomas Wittman, Executive Vice President, Global Head of Equities of Nasdaq (a current director of both CXCH and Nasdaq Canada) and Tal Cohen, Senior Vice President, Head of North American Equities of Nasdaq. The three independent directors of Nasdaq Canada are expected to be Canadian residents with excellent experience in financial services, market risk management and governance who will meet the independence criteria further described below. A quorum of the Nasdaq Canada Board will consist of a majority of directors, at least 50% of whom shall be independent directors. The Chair of the Nasdaq Canada Board will be an independent director. The Nasdaq Canada Board will establish and maintain a Regulatory Oversight Committee as further described below. 4. CXCH Board Committee Structure a. CXCH Nominating Committee The CXCH Board will have a Nominating Committee comprised of no fewer than 3 members, a majority of whom will be independent directors, and one of the members of the Nominating Committee will be the Chairman of the CXCH Board. The Chair of the CXCH Nominating Committee will be an independent director. The role of the Nominating Committee will be to identify and put forward for nomination qualified directors to act on the CXCH Board and the Nasdaq Canada Board. A quorum of the Nominating Committee consists of a majority of the members, a majority of whom shall be independent directors.


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5. The Nasdaq Canada Board Committee Structure a. The Nasdaq Canada Regulatory Oversight Committee The Nasdaq Canada Board will have a Regulatory Oversight Committee, comprised of no fewer than 3 directors, a majority of whom shall be independent directors. A quorum of the Regulatory Oversight Committee will consist of a majority of the members, a majority of whom shall be independent directors. The Regulatory Oversight Committee’s mandate is to oversee the performance of Nasdaq Canada’s regulatory responsibilities, the management of conflicts of interest, and, among other duties:

• reviews and decides, or makes recommendations to the Nasdaq Canada Board, on proposed regulations and rules that must be submitted to the Commission for review and approval under Schedule 5 of the Recognition Order;

• considers real or perceived conflicts of interest that may arise, including but not limited to the following

contexts: • Nasdaq Canada marketplace participant’s representation on the CXCH Board or the Nasdaq Canada

Board; • significant changes in ownership of Nasdaq Canada and CXCH; and • the profit-making objective and the public interest responsibilities of Nasdaq Canada, including

general oversight of the management of the regulatory and public interest responsibilities of Nasdaq Canada;

• oversees the establishment of mechanisms to avoid and appropriately manage conflicts of interest or potential

conflicts of interest, perceived or real, including any policies and procedures that are developed by Nasdaq Canada and CXCH;

• monitors the operation of mechanisms that deal with conflicts of interest, including oversight of reporting of

conflicts of interest by Nasdaq Canada and CXCH; • reviews regularly, and at least annually, the effectiveness of the policies and procedures regarding conflicts of

interest; • annually prepares a written report examining the avoidance and management of conflicts of interest, the

mechanisms used and the effectiveness of those mechanisms and provides the report to the Nasdaq Canada Board promptly, and to the Commission within 30 days of providing it to the Nasdaq Canada Board; and

• reports in writing directly to the Commission on any matter that the Regulatory Oversight Committee deems

appropriate or that is required by the Commission without first requiring the Nasdaq Canada Board approval for such reporting.

Nasdaq Canada will obtain prior approval of the Commission before implementing amendments to the mandate of the Regulatory Oversight Committee and the mandate will be publicly available on the Nasdaq Canada website. 6. Nasdaq Canada and CXCH Independence Standards Nasdaq Canada and CXCH have established the following standards to determine whether a director is independent (the “Independence Standards”). An independent director is one who does not have a direct or indirect material relationship with Nasdaq Canada or CXCH, where the term “material relationship” is a relationship that could, in the view of the Nasdaq Canada Board or the CXCH Board, respectively, be reasonably expected to interfere with the exercise of the director’s independent judgment. A director is independent if the director is “independent” within the meaning of section 1.4 of National Instrument 52-110 – Audit Committees (“NI 52-110”), as amended from time, but is not independent if the director:

• is a partner, officer4, director or employee of a Nasdaq Canada marketplace participant, or of an affiliated entity5 of a Nasdaq Canada marketplace participant, who is responsible for or is actively engaged in the day- to-day operations or activities of that Nasdaq Canada marketplace participant;

4 “officer” has the meaning ascribed to it in subsection 1(1) of the Act. 5 “affiliated entity” has the meaning ascribed to it in section 1.3 of National Instrument 21-101 Marketplace Operation.


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• is an officer or an employee of CXCH or any of its affiliated entities; • is a partner, officer or employee of Nasdaq or an associate6 of that partner, officer or employee; • is a director of Nasdaq or an associate of that director; • is a person who owns or controls, or is the officer or employee of a person or company that owns or controls,

directly or indirectly, more than 5% of the shares of CXCH; • is a director of a person or company that beneficially owns or controls, directly or indirectly, more than 5% of

any class or series of voting shares of Nasdaq; or • has any relationship with Nasdaq or a person or company that owns or controls, directly or indirectly, more

than 5% of the shares of CXCH, that could, in the view of the Nominating Committee, having regard to all relevant circumstances, be reasonably perceived to interfere with the exercise of his or her independent judgment as a director of CXCH or Nasdaq Canada.

The Recognition Order permits the Nominating Committee of CXCH to waive specific restrictions set out above where it has determined that independence is not compromised, and the Commission does not object. This allows otherwise qualified independent persons to be considered as an independent director on the Board of Nasdaq Canada or CXCH. The objective of the Independence Standards is to remove anyone who has a material relationship with CXCH or its affiliated entities from qualifying as an independent director. The Nominating Committee of CXCH is charged with making recommendations to the Nasdaq Canada Board and CXCH Board, as applicable, on the interpretation and application of the Independence Standards to the Nasdaq Canada directors and CXCH directors, as applicable. 7. Director and Officer Fitness Requirements Nasdaq Canada and CXCH will ensure that each of its respective directors and officers is a fit and proper person so that there are reasonable grounds to believe that the business of Nasdaq Canada and CXCH, respectively, will be conducted with integrity and in a manner that is consistent with the public interest. The names and qualifications of nominee directors will be provided to the CXCH Nominating Committee to consider and determine whether the person is both fit and proper, as well as qualified. The officers will be reviewed and confirmed as fit and proper by the Nasdaq Canada Board or the CXCH Board, as applicable. 8. Managing potential conflicts of interest within Nasdaq Canada and CXCH Nasdaq Canada and CXCH, respectively, will adopt a conflicts of interest policy applicable to the members of the respective Board which will set out the obligations and expectations imposed upon directors in dealing with conflicts of interest and matters of confidentiality. This policy will, among other things, provide that every director of Nasdaq Canada or CXCH, respectively, shall, in acting in such capacity, act honestly and in good faith with a view to the best interests of Nasdaq Canada or CXCH, respectively, and shall exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances. In addition, the policy will provide that directors must ensure that their personal interests and their duty to Nasdaq Canada or CXCH, respectively, are not brought into conflict, and that they do not receive or obtain, directly or indirectly, a personal profit, gain or benefit (other than any fees paid as a result of acting as a director) as a result of their relationship with Nasdaq Canada or CXCH, respectively. The conflicts of interest policy will also contain provisions requiring a director to disclose the nature and extent of any interest that he or she has in a material contract or material transaction with Nasdaq Canada or CXCH, respectively. In addition, Nasdaq Canada and CXCH will establish policies and procedures that address the conflict of interest matters addressed in the Recognition Order, including conflicts arising from the interactions between Nasdaq Canada and CXCH and its shareholders, and arising between the regulation functions and business activities of Nasdaq Canada. In addition, the Recognition Order requires that Nasdaq also establish policies and procedures to manage conflicts of interest resulting from its interactions with Nasdaq Canada and CXCH, and to maintain confidentiality.

6 “associate” has the meaning ascribed to it in subsection 1(1) of the Act.


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B. Access

Fair Access Criteria Nasdaq Canada must establish appropriate written standards for access to its services including requirements to ensure participants are appropriately registered under Ontario securities laws, or exempted from these requirements, and such access standards and the process for obtaining, limiting and denying access must be fair, transparent and applied reasonably. Nasdaq Canada has established appropriate written standards for access to its trading and related services. The requirement is that Nasdaq Canada Members are appropriately registered under securities laws and are dealer members of the Investment Industry Regulatory Organization of Canada (“IIROC”), except with respect to separately provided access to NFI by Canadian permitted clients, as defined in National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations. The access standards and the process for obtaining, limiting and denying access are set out in Chapter 4 of the Trading Rules and Policies and are fair, transparent and can be applied reasonably. Nasdaq Canada may refuse to approve an applicant based on past or present misconduct by the applicant or any related person, or if the applicant refuses to comply with Nasdaq Canada requirements or is not qualified by reason of integrity, solvency, training or experience. Any dealer who is refused approval will have a right of appeal. Dealers who are eligible for membership must complete an application process and ultimately must sign the Nasdaq Canada Member Agreement. Once approved, a Member must comply with all Exchange Requirements as set out in the Member Agreement and the Trading Rules and Policies and as notified to Members from time to time. Copies of the proposed Member Agreement and the Trading Policies have been filed with this Application. C. Regulation of Participants

Regulation of Participants Criteria Nasdaq Canada must have the authority, resources, capabilities, systems and processes to allow it to perform its regulation functions, whether directly or indirectly through a regulation services provider, including setting requirements governing the conduct of participants, monitoring their conduct, and appropriately disciplining them for violations of exchange requirement. Nasdaq Canada has the authority, capacity, systems and processes to undertake directly or indirectly through a regulatory services provider, its regulation functions by:

• Setting requirements governing the conduct of its Members; • Monitoring conduct of its Members and, if and when applicable, at such future time as Nasdaq Canada may

engage in a listings business, its listed issuers; and • Appropriately disciplining Members for violations of the Exchange Requirements.

Nasdaq Canada will enter into a Regulatory Services Agreement with IIROC so that IIROC will perform on its behalf market regulation services. Nasdaq ATS currently has in place a Regulatory Services Agreement with IIROC whereby IIROC performs on its behalf market regulation services in respect of the Nasdaq ATS. 1. Trading a. Summary of Features and Functions of the Trading Platform Nasdaq Canada will transition its market operations from those of an ATS to those of an Exchange, with no substantial changes to its current trading platform or operations. Functionality currently in place to support the Nasdaq ATS trading platform will continue to be available after the Recognition Date. The specific policies associated with the trading operations are described in the Nasdaq Canada Trading Rules and Policies, a copy of which has been filed with this Application. Nasdaq Canada will operate a continuous auction market Monday through Friday, excluding Canadian banking holidays. It will offer trading on securities listed on TSX, TSXV and CSE, through three separate Trading Books: CXC, CX2 and CXD. Trading sessions for CXC and CX2 are from 8:30 a.m. to 5:00 p.m. (EST). Trading sessions for CXD are from 9:30 a.m. to 4:00 p.m.


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The CXC Book will offer matching based on price/time priority, with visible orders having a higher priority over hidden orders that are at the same price. The default attribution for the CXC Book is that orders are anonymous. CXC will support round lot and odd lot orders. The CX2 Book will offer matching based on price/broker/time priority, with visible broker orders having a higher priority over visible non-broker orders at the same price. Anonymous and jitney orders are not eligible for broker preferencing. The default attribution for the CX2 Book is that orders are attributed. CX2 will support round lot and odd lot orders. The CXD Book is a dark book with matching based on price/broker/time priority. Orders entered on CXD that do not meet the minimum size requirements as defined by Universal Market Integrity Rules (UMIR) must provide incoming orders with minimum price improvement. CXD orders are attributed by default and are automatically eligible for broker preferencing. Members may not opt-out of broker preferencing for attributed orders. Anonymous orders and jitney orders are not eligible for broker preferencing. CXD will support round lot and odd lot orders. Orders that are not immediately matched will be posted into the Trading Books. The Nasdaq Canada trading platform will support the following order types:

• Limit • Market

It will also support the following types of order attributes:

• Time in force (Day, IOC, FOK) • Quantity (Minimum, Minimum Acceptable, All or None) • Attribution (Anonymous/Attributed) • Pegged orders (Primary, Mid-Point and Market) • Minimum Price Improvement Order • Visibility (Hidden, Iceberg/Reserve and X-berg orders) • Self-Trade Prevention • Post only

Nasdaq Canada will also provide Members with the ability to enter intentional crosses, including specialty crosses. Members will be required to enter crosses in compliance with regulatory provisions for crosses. Nasdaq Canada will continue to provide Canadian “permitted clients” as defined in NI 31-103 access to the NFI system operated by EA for purposes of trading USTs. Nasdaq Canada will be the “client-facing” entity for Canadian fixed income customers. Such Canadian customers have entered into a supplemental agreement with Nasdaq Canada that provides for the routing of Canadian client orders to NFI. EA will continue to be responsible for the execution of trades in USTs on the NFI platform. An intercompany agreement was entered into between Nasdaq Canada and EA in respect of the routing arrangement. Orders transmitted by a customer located in Canada for a fixed income security traded in the United States will be routed and executed in accordance with the terms of the intercompany agreement. Nasdaq Canada will not execute UST trades. Nasdaq Canada will receive orders from Canadian fixed income customers and will route them to NFI in accordance with the terms of the intercompany agreement. The NFI graphical user interface provides Canadian fixed income customers with a trading application that enables users to create customizable order placement, and real-time monitoring and management of orders, positions and profit & loss. The NFI application program interface (API) provides Canadian customers with access to order entry and straight through processing. Canadian customers using the NFI API can also access real-time market data and historical data. The NFI FIX protocol provides Canadian customers with access to order entry and straight through processing. Canadian customers may also connect by using a third-party vendor’s order management system. NFI accepts limit orders only. Limit orders may have a time-in-force of Day (“DAY”), Immediate or Cancel (“IOC”), Good ‘til Bettered (“GTB”), or Only-At-Best (“OAB”). A limit order will only execute at prices equal to or better than its specified price. A


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limit order can be matched in part or in its entirety. If not fully executed, the unexecuted remaining quantity is posted in the order book, unless the order’s time-in-force value is IOC. b. Access Nasdaq Canada will use a FIX interface for access to the trading systems. Specifications will be published on the Nasdaq Canada website. Nasdaq Canada will provide operational support and access to a test environment for development and certification of Members’ interfaces. Members can access the Exchange directly or via certified third party services providers. c. Operational Controls Nasdaq Canada will provide several operational controls in support of its mandate to operate a fair and orderly market:

• Trading Halts: Trading may be halted on a security, or group of securities, on any Trading Book by the Exchange (“Business Halt”) or the Regulation Services Provider (“Regulatory Halt”). Halting a security is considered a significant act and generally will be done by IIROC or in consultation with IIROC. However, the maintenance of fair markets and certain market events suggest that other options need to be available in the rare circumstances where the harm is obvious and immediate, and there may not be sufficient time to get a response from IIROC. In that event, Nasdaq Canada may announce a trading halt. There will be clear accountability and oversight if such action is taken. If Nasdaq Canada takes action to halt trading, a report will be prepared and submitted to IIROC and the Commission for their review and follow up;

• Marketplace Thresholds: Nasdaq Canada will support marketplace thresholds in accordance with

requirements established under National Instrument 23-101 – Trading Rules (“NI 23-101”) and guidance issued by IIROC. These thresholds will be operative between the hours of 9:30 a.m. and 5:00 p.m. (EST) on CXC and CX2 and between 9:30 a.m. and 4:00 p.m. (EST) on CXD;

• Order Protection: in accordance with NI 23-101, Nasdaq Canada will offer the following:

o Repricing: Members may elect to have orders that would cross the NBBO and would trade-through a better priced order on a protected market be automatically re-priced as the NBBO updates to prevent a trade-through or crossed market from occurring.

o Cancellation: Members may elect to have their orders cancelled (in addition to the option to reprice)

to prevent a trade-through from occurring. o Directed Action Order (“DAO”) orders: Members may indicate an order as a DAO and by-pass the

repricing mechanism. d. Nasdaq Canada Trading Rules and Policies Rules for membership and policies related to trading activities are published in the Nasdaq Canada Trading Rules and Policies. This document is organized into the following chapters:

Chapter 1: Definitions and Interpretation Chapter 2: Policies and Authority of the Exchange Chapter 3: Membership Chapter 4: Access to Trading Chapter 5: Trading Chapter 6: Provisions Regarding Odd Lot Dealers Chapter 7: Clearing and Settlement Chapter 8: Appeals Policy Chapter 9 General

e. The Nasdaq Canada Trading Policies Chapter 5 of the Trading Rules and Policies sets out key features and policies of Nasdaq Canada’s trading. It covers the following topics:


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• Trading Books • Trading Sessions • Trading Halts • Marketplace Thresholds • Trade Amendments and Cancellations • Order Types and Attributes • Order Processing • Crossing • Order Protection Rule Compliance • Order and Trade Reporting • Nasdaq Canada Odd Lot Facility

Nasdaq Canada has also adopted a Trading Functionality Guide that is meant to serve as a companion guide to Nasdaq Canada’s Trading Rules and Policies. The Trading Functionality Guide provides various illustrations and covers the following topics:

• Trading Operations • Trading Books • Order Matching Priority • Order Types • Summary of Trading Book Orders • Nasdaq Canada Odd Lot Facility • Non-Display Order Handling • Order Handling Compliance with the Order Protection Rule • Risk Management Tools

2. Data Currently, subscribers of CXC, CX2 and CXD, as well as other third parties, may purchase any of a variety of data products for internal consumption or redistribution by entering into either a Data Use Agreement or Data Distribution Agreement with Nasdaq ATS. Nasdaq Canada will continue to offer data products on a basis consistent with the manner in which such products are currently offered by Nasdaq ATS, with such changes as may be necessary to reflect Nasdaq Canada’s exchange status and related considerations. 3. Listing Nasdaq Canada does not intend to engage in a listings business at the present time.


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D. Rules and Rulemaking

Rules and Rulemaking Criteria Nasdaq Canada must have rules, policies, and other similar instruments that are designed to (i) appropriately govern and regulate the operations and activities of participants and, at such future time as Nasdaq Canada may engage in a listings business, issuers, (ii) ensure a fair and orderly market, and (iii) provide a framework for disciplinary and enforcement actions. Nasdaq Canada will establish, rules, policies and other similar instruments (“Rules”) designed to govern the operations and activities of Members and, at any future time as Nasdaq Canada may engage in a listings business, Issuers and designed to:

• Ensure compliance with securities legislation; • Prevent fraudulent and manipulative acts and practices; • Promote just and equitable principles of trade; • Provide for appropriate sanctions for violations of Nasdaq Canada Rules; • Ensure a fair and orderly market; and • Provide a framework for disciplinary and enforcement actions.

Nasdaq Canada will be executing a Regulatory Services Agreement with IIROC regarding oversight of UMIR requirements. Nasdaq Canada will comply with the process for review and approval of Rules and the information contained in Form 21-101F1 and the exhibits thereto as set out in the Recognition Order. The Regulatory Oversight Committee is responsible for reviewing and deciding, or making recommendations to the Nasdaq Canada Board, on proposed regulations and rules that must be submitted to the Commission for review and approval under Schedule 5 of the Recognition Order, and to periodically, and at least annually, prepare a written report providing details of the Regulatory Oversight Committee’s review of any regulation rules and in particular any issues or concerns that arose with respect to Significant Changes, and provide the report to the Nasdaq Canada Board promptly, and to the Commission within 30 days of providing it to the Nasdaq Canada Board. E. Due Process

Due Process Criteria For any decision made by Nasdaq Canada that affects a participant or, at such future time as Nasdaq Canada may engage in a listings business, an issuer, or an applicant to be a participant or issuer, including a decision in relation to access, listing, exemptions, or discipline, Nasdaq Canada must ensure that: (i) parties are given an opportunity to be heard or make representations, and (ii) it keeps a record of, gives reasons for and provides for appeals or reviews of its decisions. Nasdaq Canada’s requirements relating to access, listing (at such as time as this may be appropriate), exemptions and discipline will be fair and reasonable. For all decisions made by Nasdaq Canada in the administration of the Trading Rules and Policies that affect a Member or applicant for Member, Nasdaq Canada will keep a record of and provide its reasons, and a party adversely affected by a decision or proposed decision of Nasdaq Canada will be given an opportunity to be heard by the Regulatory Oversight Committee. In addition, if the affected party wishes to appeal the decision of the Regulatory Oversight Committee, it has the right to pursue either arbitration (if applicable) or its other rights under securities law, including requesting review of the decision by the Commission. F. Clearing and Settlement

Clearing and Settlement Criteria Nasdaq Canada must have appropriate arrangements for the clearing and settlement of trades. Nasdaq Canada will require all Members to have appropriate clearing arrangements with the Clearing Corporation (currently CDS) in place. Nasdaq Canada will provide a daily file of trades executed on the Exchange to CDS.


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G. Systems and Technology

Systems and Technology, and Information Risk Management Criteria Nasdaq Canada must have appropriate risk management procedures in place including those that handle trading errors, trading halts and circuit breakers. Nasdaq Canada will be adopting the current Nasdaq ATS trading platform, which has in place appropriate risk management procedures, including those that handle trading errors, trading halts and circuit breakers. Functionality currently in place to support the Nasdaq ATS trading platform will continue to be available after the Recognition Date. H. Financial Viability and Reporting

Financial Viability Criteria Nasdaq Canada must have sufficient financial resources for the proper performance of its functions and to meet its responsibilities. Nasdaq Canada currently has, and will maintain, sufficient financial resources for the proper performance of its functions and to meet its responsibilities. On a quarterly basis, Nasdaq Canada will provide the Commission with unaudited financial statements and a calculation of certain liquidity, debt coverage and financial leverage measures as set out in the Recognition Order. Nasdaq Canada will file with the Commission annual audited financial statements within 90 days after the end of each financial year. In addition, Nasdaq Canada will file with the Commission its financial budget for the year, together with underlying assumptions, as approved by the Nasdaq Canada Board, within 30 days of the commencement of each financial year. Nasdaq shall, subject to the terms of the Recognition Order, facilitate the allocation of sufficient financial and non-financial resources to ensure Nasdaq Canada and CXCH can carry out their functions in a manner that is consistent with the public interest and in compliance with Ontario securities law. I. Fees

Fees Criteria (i) All fees imposed by Nasdaq Canada must be reasonable and equitably allocated and consistent with the

requirements in Ontario securities laws, and (ii) the process for setting fees must be fair and appropriate, and the fee model transparent.

All fees imposed by Nasdaq Canada will be equitably allocated and will not have the effect of creating unreasonable barriers to access. Nasdaq Canada’s process for setting fees will be fair, appropriate and its fees will be fully transparent. In addition, with respect to the execution of an order, Nasdaq Canada will not impose terms that have the effect of discriminating between orders that are routed to Nasdaq Canada from other marketplaces and orders that are entered on Nasdaq Canada. 1. Trading Fees Trading fees for Nasdaq Canada will be the same as those currently in effect for CXC, CX2 and CXD, respectively, and are available on the Nasdaq ATS website. The fee structure is:

• Membership fees based on the current subscriber fees; and • Per share fees based on the type and price of the security.

2. Data Fees The fees charged for data will vary depending on the type of data feed subscribed for and the intended use of such feed. All such fees will be publicly available on the Nasdaq Canada website.


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J. Information Sharing and Regulatory Cooperation

Information Sharing and Regulatory Cooperation Nasdaq Canada must have mechanisms in place to enable it to share information and otherwise cooperate with the Commission, recognized self-regulatory organizations, other recognized or exempt exchanges, clearing agencies, investor protection funds, and other appropriate regulatory bodies. Nasdaq Canada will continue the mechanisms already in place at Nasdaq ATS to ensure that it is able to cooperate, by sharing information or otherwise, with the Commission, recognized self-regulatory organizations, other recognized or exempt exchanges, clearing agencies, investor protection funds, and other appropriate regulatory bodies. IV. Conclusion Nasdaq Canada respectfully submits that, subject to the terms and conditions imposed by the Commission, that Nasdaq Canada meets the criteria for recognition so that recognition will not be contrary to the public interest. Sincerely, _____________________________________ Nasdaq CXC Limited Cc: Rene Sorell, McCarthy Tétrault Cristian O. Blidariu, McCarthy Tétrault


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APPENDIX B


R.S.O. 1990, CHAPTER S.5, AS AMENDED (the “Act”)

AND

IN THE MATTER OF

ENSOLEILLEMENT INC. AND NASDAQ CXC LIMITED

AND

IN THE MATTER OF NASDAQ, INC.

ORDER (Section 21 of the Act)

WHEREAS Ensoleillement Inc. (CXCH) and Nasdaq CXC Limited (Nasdaq Canada) (collectively, the Applicants) have filed an application requesting recognition of CXCH and Nasdaq Canada as exchanges pursuant to section 21 of the Act (Application); AND WHEREAS at the time of granting this order, CXCH is the sole shareholder of Nasdaq Canada, and Nasdaq, Inc. (Nasdaq) is the sole shareholder of CXCH; AND WHEREAS Nasdaq Canada operates Nasdaq CXC, Nasdaq CX2 and Nasdaq CXD that are facilities of the exchange that trade Canadian exchange-traded securities; AND WHEREAS Nasdaq Canada separately provides access to a fixed income trading system, Nasdaq Fixed Income, that facilitates trading in U.S. fixed income securities by Canadian permitted clients; AND WHEREAS on or about the effective date of this order Nasdaq Canada will continue operations as an exchange under the terms and conditions of this order; AND WHEREAS the Commission has received certain representations and undertakings from the Applicants in connection with the Application; AND WHEREAS the Commission considers the proper operation of CXCH and Nasdaq Canada as essential to investor protection and maintaining a fair and efficient capital market, and therefore requires that any conflicts of interest in the operation of CXCH and Nasdaq Canada be dealt with appropriately, the fairness and efficiency of the market not be impaired by any anti-competitive activity, and that systemic risks are monitored and controlled; AND WHEREAS the Applicants represent that CXCH and Nasdaq Canada satisfy the criteria for recognition as an exchange in Schedule 1 of this order; AND WHEREAS the Commission has determined that it is in the public interest to recognize each of CXCH and Nasdaq Canada as an exchange pursuant to section 21 of the Act; AND WHEREAS CXCH, Nasdaq Canada and Nasdaq have agreed to the applicable terms and conditions set out in Schedule 2 to Schedule 4 to the Order; IT IS ORDERED that:

(a) pursuant to section 21 of the Act, CXCH is recognized as an exchange, and (b) pursuant to section 21 of the Act, Nasdaq Canada is recognized as an exchange, provided that the Applicants and Nasdaq comply with the terms and conditions set out in Schedule 2, 3 and Schedule 4 to the Order, as applicable.

Dated this ______ day of ______________, 2017. “●” “●”


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SCHEDULE 1 CRITERIA FOR RECOGNITION

PART 1 COMPLIANCE WITH NI 21-101 AND NI 23-101 1.1 Compliance with NI 21-101 and NI 23-101 The exchange complies with the requirements set out in National Instrument 21-101 Marketplace Operation (NI 21-101) and in National Instrument 23-101 Trading Rules, each as amended from time to time, which include requirements relating to: (a) access; (b) marketplace operations; (c) exchange rules, policies and other similar instruments; (d) order and trade transparency; (e) transparency of marketplace operations; (f) record keeping; (g) marketplace systems and business continuity planning; (h) confidentiality of information; (i) outsourcing; (j) clearing and settlement; (k) fair and orderly markets; (l) the management of conflicts of interest; and (m) filing of financial statements. PART 2 GOVERNANCE 2.1 Governance The governance structure and governance arrangements of the exchange ensure: (a) effective oversight of the exchange; (b) that business and regulatory decisions are in keeping with the exchange’s public interest mandate; (c) fair, meaningful and diverse representation on the board of directors (Board) and any committees of the Board,

including:

(i) appropriate representation of independent directors, and (ii) a proper balance among the interests of the different persons or companies using the services and facilities of

the exchange; (d) the exchange has policies and procedures to appropriately identify and manage conflicts of interest; and (e) there are appropriate qualifications, remuneration, limitation of liability and indemnity provisions for directors, officers

and employees of the exchange. 2.2 Fitness The exchange has policies and procedures under which it will take reasonable steps, and has taken such reasonable steps, to ensure that each director and officer is a fit and proper person.


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PART 3 ACCESS 3.1 Fair Access (a) The exchange has established appropriate written standards for access to its services including requirements to ensure

participants are appropriately registered under Ontario securities laws, or exempted from these requirements. (b) The access standards and the process for obtaining, limiting and denying access are fair, transparent and applied

reasonably. PART 4 REGULATION OF PARTICIPANTS ON THE EXCHANGE 4.1 Regulation The exchange has the authority, resources, capabilities, systems and processes to allow it to perform its regulation functions, whether directly or indirectly through a regulation services provider, including setting requirements governing the conduct of participants, monitoring their conduct, and appropriately disciplining them for violations of exchange requirements. PART 5 RULES AND RULEMAKING 5.1 Rules and Rulemaking (a) The exchange has rules, policies, and other similar instruments (Rules) that are designed to appropriately govern and

regulate the operations and activities of participants. (b) In addition to meeting the requirements of NI 21-101 relating to market operations and exchange rules, policies and

other similar instruments as referred to in paragraphs 1.1(b) and (c) of this Schedule, respectively, the Rules are also designed to

(i) ensure a fair and orderly market; and (ii) provide a framework for disciplinary and enforcement actions.

PART 6 DUE PROCESS 6.1 Due Process For any decision made by the exchange that affects a participant, or an applicant to be a participant, including a decision in relation to access, exemptions, or discipline, the exchange ensures that: (a) parties are given an opportunity to be heard or make representations, and (b) it keeps a record of, gives reasons for and provides for appeals or reviews of its decisions. PART 7 CLEARING AND SETTLEMENT 7.1 Clearing and Settlement The exchange has appropriate arrangements for the clearing and settlement of trades. PART 8 SYSTEMS AND TECHNOLOGY 8.1 Information Technology Risk Management Procedures The exchange has appropriate risk management procedures in place including those that handle trading errors, trading halts and circuit breakers. PART 9 FINANCIAL VIABILITY 9.1 Financial Viability The exchange has sufficient financial resources for the proper performance of its functions and to meet its responsibilities.


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PART 10 FEES 10.1 Fees (a) All fees imposed by the exchange are reasonable and equitably allocated and are consistent with the requirements in

Ontario securities laws, including those requirements listed in paragraphs 1.1(a) and (e) of this Schedule. (b) The process for setting fees is fair and appropriate, and the fee model is transparent. PART 11 INFORMATION SHARING AND REGULATORY COOPERATION 11.1 Information Sharing and Regulatory Cooperation The exchange has mechanisms in place to enable it to share information and otherwise co-operate with the Commission, recognized self-regulatory organizations, other recognized or exempt exchanges, clearing agencies, investor protection funds, and other appropriate regulatory bodies.


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SCHEDULE 2 TERMS AND CONDITIONS APPLICABLE TO NASDAQ CANADA

1. Definitions and Interpretation (a) For the purposes of this Schedule: “accounting principles” means accounting principles as defined in National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards; “Nasdaq Canada dealer” means a dealer that is also a significant shareholder; “Nasdaq Canada marketplace participant” means a marketplace participant of Nasdaq Canada; “affiliated entity” has the meaning ascribed to it in section 1.3 of National Instrument 21-101 Marketplace Operation; “associate” has the meaning ascribed to it in subsection 1(1) of the Act; “Board” means the board of directors of CXCH or Nasdaq Canada, as the context requires; “criteria for recognition” means all the criteria for recognition set out in Schedule 1 to the Order; “Competitor” means a person whose consolidated business, operations or disclosed business plans are in competition, to a significant extent, with the trading functions, market data services or other material lines of business of Nasdaq Canada or its affiliated entities; “dealer” means “investment dealer”, as that term is defined in section 1.1 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registration Obligations; “IIROC” means the Investment Industry Regulatory Organization of Canada; “marketplace” has the meaning ascribed to it in subsection 1(1) of the Act; “marketplace participant” has the meaning ascribed to it in section 1.1 of NI 21-101; “Nominating Committee” means the committee established by CXCH pursuant to section 28 of Schedule 3; “officer” has the meaning ascribed to it in subsection 1(1) of the Act; “Regulatory Oversight Committee” means the committee established by Nasdaq Canada pursuant to section 7 of this Schedule; “Rule” means a rule, policy, or other similar instrument of Nasdaq Canada; “significant shareholder” means a person or company that beneficially owns or controls directly more than 5% of any class or series of voting shares of Nasdaq. “unaudited consolidated financial statements” means financial statements that are prepared in the same manner as audited consolidated financial statements except that they are not audited; and “unaudited non-consolidated financial statements” means financial statements that are prepared in the same manner as audited consolidated financial statements, except that

(i) they are not audited; and (ii) investments in subsidiary entities, jointly controlled entities and associates are accounted for as specified for

separate financial statements in International Accounting Standard 27 Separate Financial Statements.

(b) For the purposes of this Schedule, an individual is independent if the individual is “independent” within the meaning of section 1.4 of National Instrument 52-110 Audit Committees, as amended from time to time, but is not independent if the individual:


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(i) is a partner, officer, director or employee of a Nasdaq Canada marketplace participant, or of an affiliated entity of a Nasdaq Canada marketplace participant, who is responsible for or is actively engaged in the day- to-day operations or activities of that Nasdaq Canada marketplace participant;

(ii) is an officer or an employee of CXCH or any of its affiliated entities; (iii) is a partner, officer or employee of Nasdaq, Inc. or an associate of that partner, officer or employee; (iv) is a director of Nasdaq or an associate of that director; (v) is a person who owns or controls, or is the officer or employee of a person or company that owns or controls,

directly or indirectly, more than 5% of the shares of CXCH; (vi) is a director of a person or company that beneficially owns or controls, directly or indirectly, more than 5% of

any class or series of voting shares of Nasdaq; or (vii) has any relationship with Nasdaq or a person or company that owns or controls, directly or indirectly, more

than 5% of the shares of CXCH, that could, in the view of the Nominating Committee, having regard to all relevant circumstances, be reasonably perceived to interfere with the exercise of his or her independent judgment as a director of CXCH or Nasdaq Canada.

(c) For the purposes of paragraph (b), the Nominating Committee may waive the restrictions set out in subparagraphs

(b)(iv) and (b)(vi) provided that:

(i) the individual being considered does not have, and has not had, any relationship with Nasdaq, Inc. that could, in the view of the Nominating Committee, having regard to all relevant circumstances, be reasonably perceived to interfere with the exercise of his or her independent judgement as a director of Nasdaq Canada or CXCH;

(ii) Nasdaq Canada publicly discloses the use of the waiver with reasons why the particular candidate was

selected; (iii) Nasdaq Canada provides advance notice to the Commission, at least 15 business days before the public

disclosure in sub-paragraph (c)(ii) is made, and (iv) the Commission does not object within 15 business days of its receipt of the notice provided under sub-

paragraph (c)(iii) above.

2. Public Interest Responsibilities (a) Nasdaq Canada shall conduct its business and operations in a manner that is consistent with the public interest. (b) The mandate of the Board shall expressly include regulatory and public interest responsibilities of Nasdaq Canada. 3. Share Ownership Restrictions (a) Without the prior approval of the Commission, and subject to terms and conditions considered appropriate by the

Commission, no person or company and no combination of persons or companies acting jointly or in concert shall beneficially own or exercise control or direction over more than 10% or more than 50% respectively of any class or series of voting shares of Nasdaq Canada.

(b) The articles of Nasdaq Canada shall contain the share ownership restrictions and provisions respecting the

enforcement of such restrictions which, without limiting the foregoing, may provide for the filing of declarations, the suspension of voting rights, the forfeiture of dividends, the refusal of the issue or registration of voting shares and the sale or redemption of voting shares held contrary to the restrictions and payment of net proceeds of the sale or redemption to the person entitled thereto.

4. Recognition Criteria Nasdaq Canada shall continue to meet the criteria for recognition set out in Schedule 1 to the Order.


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5. Fitness In order to ensure that Nasdaq Canada operates with integrity and in the public interest, Nasdaq Canada will take reasonable steps to ensure that each person or company that is a director or officer of Nasdaq Canada, is a fit and proper person and the past conduct of each person or company that is a director or officer of Nasdaq Canada affords reasonable grounds for belief that the business of Nasdaq Canada will be conducted with integrity. Each director and officer of Nasdaq Canada must be a fit and proper person. 6. Board of Directors (a) Nasdaq Canada shall ensure that at least 50% of its Board members are independent. (b) The Chair of the Board shall be independent. (c) In the event that Nasdaq Canada fails to meet the requirement in paragraph (a) of this section, it shall immediately

advise the Commission and take appropriate measures to promptly remedy such failure. (d) Nasdaq Canada shall ensure that its Board is subject to requirements that the quorum for the Board consists of a

majority of the Board members, at least 50% of whom shall be independent directors. 7. Regulatory Oversight Committee (a) Nasdaq Canada shall establish and maintain a Regulatory Oversight Committee that, at a minimum:

(i) is made up of at least three directors, a majority of whom shall be independent; (ii) reviews and decides, or makes recommendations to the Board, on proposed regulations and rules that must

be submitted to the Commission for review and approval under Schedule 5 Process for the Review and Approval of Rules and the Information Contained in Form 21-101F1 and the Exhibits Thereto of this Order;

(iii) considers real or perceived conflicts of interest that may arise, including but not limited to the following

contexts:

(A) ownership interests in CXCH by any Nasdaq Canada marketplace participant with representation on the Board of CXCH or the Board of Nasdaq Canada,

(B) significant changes in ownership of Nasdaq Canada and CXCH, and (C) the profit-making objective and the public interest responsibilities of Nasdaq Canada, including

general oversight of the management of the regulatory and public interest responsibilities of Nasdaq Canada.

(iv) oversees the establishment of mechanisms to avoid and appropriately manage conflicts of interest or potential

conflicts of interest, perceived or real, including any policies and procedures that are developed by Nasdaq Canada and CXCH, including those that are required to be established pursuant to the Schedules of the Order;

(v) monitors the operation of mechanisms that deal with conflicts of interest, including oversight of reporting of

conflicts of interest by Nasdaq Canada and CXCH; (vi) reviews regularly, and at least annually, the effectiveness of the policies and procedures regarding conflicts of

interest; (vii) annually prepares a written report examining the avoidance and management of conflicts of interest, the

mechanisms used and the effectiveness of those mechanisms and provides the report to the Board promptly, and to the Commission within 30 days of providing it to its Board;

(viii) reports in writing directly to the Commission on any matter that the Regulatory Oversight Committee deems

appropriate or that is required by the Commission without first requiring Board approval for such reporting; (ix) has a requirement that the quorum consist of a majority of the Regulatory Oversight Committee members, a

majority of whom shall be independent.


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(b) The mandate of the Regulatory Oversight Committee shall be publicly available on the website of Nasdaq Canada. (c) The Regulatory Oversight Committee shall provide to the Commission meeting materials provided to the Regulatory

Oversight Committee members in conjunction with each meeting, within 30 days after any meeting it held, and will include a list of the matters considered and a detailed summary of the Regulatory Oversight Committee’s considerations, how those matters were addressed and any other information required by the Commission.

(d) The Regulatory Oversight Committee shall provide such information as may be required by the Commission from time

to time. 8. Conflicts of Interest and Confidentiality Procedures (a) Nasdaq Canada shall establish, maintain and require compliance with policies and procedures that:

(i) identify and manage any conflicts of interest or potential conflicts of interest, real or perceived, arising from the operation of the marketplace or the services it provides including, but not limited to, the following:

(A) conflicts of interest or potential conflicts of interest that arise from the involvement of any partner,

director, officer or employee of a significant shareholder in the management or oversight of the exchange operations or regulation functions of Nasdaq Canada and the services or products it provides;

(B) conflicts of interest or potential conflicts of interest that arise from any interactions between Nasdaq

Canada and a significant shareholder where Nasdaq Canada may be exercising discretion that involves or affects the significant shareholder either directly or indirectly, and

(C) conflicts of interest or potential conflicts of interest that arise between the regulation functions and the

business activities of Nasdaq Canada; and (ii) require that confidential information regarding marketplace operations, regulation functions, or a Nasdaq

Canada marketplace participant that is obtained by a partner, director, officer or employee of a significant shareholder through that individual’s involvement in the management or oversight of marketplace operations or regulation functions of Nasdaq Canada:

(A) be kept separate and confidential from the business or other operations of the significant shareholder

and its affiliated entities, except with respect to information regarding marketplace operations where disclosure is necessary to carry out the individual’s responsibilities for the management or oversight of marketplace operations and the individual can and does exercise due care in his or her disclosure of the information, and

(B) not be used to provide an advantage to the significant shareholder or its affiliated entities.

(b) The policies established in accordance with paragraph 8(a) shall be made publicly available on the website of Nasdaq

Canada. (c) Nasdaq Canada shall regularly review compliance with the policies and procedures established in accordance with

paragraph 8(a) and shall document each review, and any deficiencies, and how those deficiencies were remedied. A report detailing review(s) conducted shall be provided to the Commission on an annual basis.

9. Access Nasdaq Canada’s requirements shall provide access to the facilities of Nasdaq Canada only to properly registered investment dealers that are members of IIROC and satisfy reasonable access requirements established by Nasdaq Canada, except with respect to access to Nasdaq Fixed Income by Canadian permitted clients, as defined in National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations. 10. Regulation of Nasdaq Canada Marketplace Participants (a) Nasdaq Canada shall establish, maintain and require compliance with policies and procedures that effectively monitor

and enforce the Rules against Nasdaq Canada marketplace participants, either directly or indirectly through a regulation services provider.


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(b) Nasdaq Canada has retained and shall continue to retain IIROC as a regulation services provider to provide, as agent for Nasdaq Canada, certain regulation services that have been approved by the Commission. Nasdaq Canada shall obtain approval of the Commission before amending the listed services provided by IIROC. Nasdaq Canada shall annually provide the Commission with a list of the regulation functions performed by Nasdaq Canada and the regulation functions performed by IIROC.

(c) Nasdaq Canada shall perform all other regulation functions not performed by IIROC, and shall maintain adequate

staffing, systems and other resources in support of those functions. Nasdaq Canada shall obtain prior Commission approval before outsourcing such regulation functions to any party, including affiliated entities or associates of Nasdaq Canada.

(d) Nasdaq Canada shall notify the Commission of any violations of Ontario securities law of which it becomes aware in

the ordinary course of its business or otherwise. 11. Rules, Rulemaking and Form 21-101F1 Nasdaq Canada shall comply with the process for review and approval of Rules and the information contained in Form 21-101F1 and the exhibits thereto, as set out in Schedule 5, as amended from time to time. 12. Due Process (a) Nasdaq Canada shall ensure that the requirements of Nasdaq Canada relating to access to the trading facilities of

Nasdaq Canada, the imposition of limitations or conditions on access, and denial of access are fair and reasonable, including in respect of notice, an opportunity to be heard or make representations, the keeping of a record, the giving of reasons and the provisions of appeals.

13. Fees, Fee Models And Incentives (a) Nasdaq Canada shall not, through any fee schedule, any fee model or any contract, agreement or other arrangement

with any marketplace participant or any other person or company, provide: (i) any discount, rebate, allowance, price concession or other similar arrangement that is accessible only to,

whether as designed or by implication, a particular marketplace participant or any other particular person or company, or

(ii) any discount, rebate, allowance, price concession or other similar arrangement for any service or product

offered by Nasdaq Canada or Nasdaq and its affiliated entities and significant shareholders that is conditional upon:

(A) the requirement to have Nasdaq Canada be set as the default or first marketplace a marketplace

participant routes orders to, or (B) the router of Nasdaq Canada being used as the marketplace participant’s primary order router.

(b) Except with the prior approval of the Commission, Nasdaq Canada shall not, through any fee schedule, any fee model

or any contract, agreement or other arrangement with any marketplace participant or any other person or company, provide: (i) any discount, rebate, allowance, price concession or other similar arrangement on any services or products

offered by Nasdaq Canada or Nasdaq and its affiliated entities and significant shareholders that is conditional upon the purchase of any other service or product provided by Nasdaq Canada or Nasdaq or any affiliated entity, or

(ii) any discount, rebate, allowance, price concession or other similar arrangement that is accessible only to,

whether as designed or by implication, a class of marketplace participants or of any other persons or companies.

(c) Except with the prior approval of the Commission, Nasdaq Canada shall not require another person or company to

purchase or otherwise obtain products or services from Nasdaq Canada or Nasdaq and its affiliated entities and significant shareholders as a condition of Nasdaq Canada supplying or continuing to supply a product or service.


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(2017), 40 OSCB 8456

(d) If the Commission considers that it would be in the public interest, the Commission may require Nasdaq Canada to submit for approval by the Commission a fee, fee model or incentive that has previously been filed with and/or approved by the Commission.

(e) Where the Commission decides not to approve the fee, fee model or incentive submitted under paragraph (d), any

previous approval for the fee, fee model or incentive shall be revoked, if applicable, and Nasdaq Canada shall no longer be permitted to offer the fee, fee model or incentive.

(f) Any fee, fee model or incentive, or amendment thereto, shall be filed in accordance with the Rule and Form 21-101F1

Filing Protocol attached as Schedule 5. 14. Order Routing Nasdaq Canada shall not support, encourage or incent, either through fee incentives or otherwise, Nasdaq Canada marketplace participants, Nasdaq affiliated entities or significant shareholders to coordinate the routing of their orders to Nasdaq Canada. 15. Financial Reporting (a) Within 90 days of its financial year end, Nasdaq Canada shall deliver to the Commission audited consolidated financial

statements and unaudited non-consolidated financial statements without notes for its latest financial year. (b) Within 60 days of each quarter end, Nasdaq Canada shall deliver to the Commission unaudited consolidated financial

statements and unaudited non-consolidated financial statements without notes for its latest financial quarter. (c) Nasdaq Canada shall deliver to the Commission its annual financial budget, together with the underlying assumptions,

that has been approved by its Board, within 30 days from the commencement of each fiscal year. 16. Financial Viability Monitoring And Reporting (a) Nasdaq Canada shall calculate the following financial ratios monthly:

(i) a current ratio, being the ratio of current assets to current liabilities; (ii) a debt to cash flow ratio, being the ratio of total debt (including any line of credit draw downs, and the current

and long-term portions of any loans, but excluding accounts payable, accrued expenses and other liabilities) to EBITDA (earnings before interest, taxes, stock-based compensation, depreciation and amortization) for the most recent 12 months; and

(iii) a financial leverage ratio, being the ratio of total assets to shareholders’ equity, in each case following the same accounting principles as those used for the unaudited non-consolidated financial statements of Nasdaq Canada.

(b) Nasdaq Canada shall report quarterly in writing to the Commission, along with the financial statements required to be

delivered pursuant to this Schedule, the monthly calculations for the previous quarter of the financial ratios as required to be calculated under paragraph (a).

(c) If Nasdaq Canada determines that it does not have, or anticipates that, in the next twelve months, it will not have:

(i) a current ratio of greater than or equal to 1.1/1, (ii) a debt to cash flow ratio of less than or equal to 4.0/1, or (iii) a financial leverage ratio of less than or equal to 4.0/1, it will immediately notify Commission staff of the above ratio(s) that it is not maintaining, the reasons, along with an estimate of the length of time before the ratio(s) will be met.

(d) Upon receipt of a notification made by Nasdaq Canada under paragraph (c), the Commission may, as determined

appropriate, impose any of the terms and conditions set out in paragraph (e) below. (e) If Nasdaq Canada’s current ratio, debt to cash flow ratio or financial leverage ratio falls below the levels outlined in

subparagraphs 16(c)(i), 16(c)(ii) and 16(c)(iii) above for a period of more than three months, Nasdaq Canada will:


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(i) immediately deliver a letter advising the Commission staff of the reasons for the continued ratio deficiencies and the steps being taken to rectify the situation;

(ii) deliver to Commission staff, on a monthly basis, within 30 days of the end of each month:

(A) unaudited monthly financial statements and a status update on any pending capital raising

transaction(s) including the amount, terms and name(s) of individuals/entities that have committed to providing funding and their commitment,

(B) a comparison of the monthly revenues and expenses incurred by Nasdaq Canada against the

projected monthly revenues and expenses included in Nasdaq Canada’s most recently updated budget for that fiscal year,

(C) for each revenue item whose actual amount was significantly lower than its projected amount, and for

each expense item whose actual amount was significantly higher than its projected amount, the reasons for the variance, and

(D) a calculation of the current ratio, debt to cash flow ratio and financial leverage ratio for the month;

(iii) prior to making any type of payment to any director, officer, affiliated entity or shareholder that is in excess of the amount included in the most recent annual financial budget delivered to Commission staff, demonstrate to the satisfaction of the Commission staff that it will have sufficient financial resources to continue its operations after the payment; and

(iv) adhere to any additional terms and conditions imposed by the Commission or its staff, as determined

appropriate, on Nasdaq Canada, until such time as Nasdaq Canada has maintained each of its current ratio, debt to cash flow ratio and financial leverage ratio at the levels set out in subparagraphs 16(c)(i), 16(c)(ii) and 16(c)(iii) for a period of at least 6 consecutive months.

17. Additional Information (a) Nasdaq Canada shall provide the Commission with:

(i) the information set out in Appendix A to this Schedule, as amended from time to time; and (ii) any information required to be provided by Nasdaq Canada to IIROC, including all order and trade

information, as required by the Commission. 18. Compliance Nasdaq Canada shall carry out its activities as an exchange recognized under section 21 of the Act and in compliance with Ontario securities law. 19. Provision Of Information (a) Nasdaq Canada shall, and shall cause its affiliated entities, to promptly provide to the Commission, on request, any

and all data, information and analyses in the custody or control of Nasdaq Canada or any of its affiliated entities, without limitations, redactions, restrictions or conditions, including, without limiting the generality of the foregoing: (i) data, information and analyses relating to all of its or their businesses; and (ii) data, information and analyses of third parties in its or their custody or control.

(b) Nasdaq Canada shall share information and otherwise cooperate with other recognized or exempt exchanges, recognized self-regulatory organizations, recognized or exempt clearing agencies, investor protection funds, and other appropriate regulatory bodies.

20. Compliance With Terms And Conditions (a) Nasdaq Canada shall certify in writing to the Commission, in a certificate signed by its CEO and either its general

counsel or chief compliance officer, within one year of the effective date of its recognition as an exchange pursuant to


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this Order and every year subsequent to that date, or at any times required by the Commission, that it is in compliance with the terms and conditions applicable to it in the Order and describe in detail: (i) the steps taken to require compliance; (ii) the controls in place to verify compliance; (iii) the names and titles of employees who have oversight of compliance.

(b) If Nasdaq Canada or any of its directors, officers or employees become aware of a breach or a possible breach of any of the terms and conditions applicable to Nasdaq Canada under the Schedules to the Order, such person shall, within five business days after becoming aware of the breach or possible breach (or within two business days in the case of a breach or possible breach of the financial ratios required by section 16(c)), notify the Regulatory Oversight Committee of the breach or possible breach. The director, officer or employee of the recognized exchange shall provide to the Regulatory Oversight Committee details sufficient to describe the nature, date and effect (actual and anticipated) of the breach or possible breach.

(c) The Regulatory Oversight Committee shall, within five business days after being notified of the breach or possible

breach (or within two business days in the case of a breach or possible breach of the financial ratios required by section 16(c)), notify the Commission and confirm that the breach or possible breach is under investigation as required by section 20(d).

(d) The Regulatory Oversight Committee shall promptly cause to be conducted an investigation of the breach or possible

breach reported under section 20(b). Once the Regulatory Oversight Committee has made a determination as to whether there has been a breach, or that there is an impending breach, of any terms and conditions applicable to Nasdaq Canada under the Schedules to the Order, the Regulatory Oversight Committee shall, within five business days of such determination (or within two business days in the case of a determination involving a breach or possible breach of the financial ratios required by section 16(c)), notify the Commission of its determination and shall provide details sufficient to describe the nature, date and effect (actual and anticipated) of the breach or impending breach, and any actions that will be taken to address it.

21. Listings Except with the prior approval of the Commission, no securities shall be listed on Nasdaq Canada.


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APPENDIX A ADDITIONAL REPORTING OBLIGATIONS

1. Ad Hoc (a) Immediate notification of a decision to enter into a definitive agreement (including a binding letter of intent),

memorandum of understanding or other similar agreement with any governmental or regulatory body, self-regulatory organization, clearing agency, stock exchange, other marketplace or market, except in the case where the agreement or arrangement: (i) is primarily intended to restrict the use or disclosure of confidential information, (ii) is primarily for the purpose of facilitating discussions in connection with a possible definitive agreement, (iii) is necessary to support the provision of the existing exchange services, (iv) relates to the provision of the existing exchange services and is also subject to the standard form agreements of the exchange (for example, data subscription agreements, etc.), or (v) relates to a business line other than exchange services.

(b) Any plans by Nasdaq Canada to enter into new businesses (directly or indirectly, including joint ventures) or to cease

existing businesses, promptly after the Board has made the decision to implement those plans. (c) Immediate notification of:

(i) the appointment of any new director or officer of Nasdaq Canada, including a description of the individual’s

employment history; and (ii) the receipt of notice of resignation from, or the resignation of, a director or officer or the auditor of Nasdaq

Canada, including a statement of the reasons for the resignation.

(d) Any minutes of the meetings of Board and Board committees of Nasdaq Canada, promptly after their approval. (e) Immediate notification if Nasdaq Canada:

(i) becomes the subject of any order, directive or similar action of a governmental or regulatory authority; (ii) becomes aware that it is the subject of a criminal or regulatory investigation; or (iii) becomes, or it is notified in writing that it will become, the subject of a material lawsuit.

(f) Any strategic plan for Nasdaq Canada, within 30 days of approval by the Board. (g) Any filings made by Nasdaq Canada with a Canadian securities regulatory authority pursuant to a recognition order,

exemption order or NI 21-101, filed concurrently. (h) Copies of all notices, bulletins and similar forms of communication that Nasdaq Canada sends to the Nasdaq Canada

marketplace participants. (i) Prompt notification of any application for exemption or waiver from Nasdaq Canada requirements received from a

significant shareholder or any of its affiliated entities. 2. Quarterly Reporting (a) A list of the internal audit reports and risk management reports issued in the previous quarter that relate to the

operations and business of Nasdaq Canada, if such reports are produced. (b) A quarterly report summarizing all exemptions or waivers granted during the period pursuant to the Rules to any

Nasdaq Canada marketplace participant, which shall include the following information: (i) the name of the Nasdaq Canada marketplace participant; (ii) the type of exemption or waiver granted during the period; (iii) the date of the exemption or waiver; and (iv) a description of the recognized exchange’s reason for the decision to grant the exemption or waiver.


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(2017), 40 OSCB 8460

(c) A quarterly report summarizing instances where conflicts of interest or potential conflicts of interest with respect to Competitors have been identified by Nasdaq Canada and how such conflicts were addressed.

3. Annual Reporting At least annually, an assessment of the risks, including business risks, facing Nasdaq Canada and the plan for addressing such risks.


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SCHEDULE 3 TERMS AND CONDITIONS APPLICABLE TO CXCH

22. Definitions and Interpretation Terms used in this Schedule have the same meanings and interpretation as in section 1 of Schedule 2. In addition: 23. Public Interest Responsibilities (a) CXCH shall conduct its business and operations in a manner that is consistent with the public interest. (b) The mandate of the Board shall expressly include CXCH’s regulatory and public interest responsibilities. 24. Share Ownership Restrictions (a) Without the prior approval of the Commission, and subject to terms and conditions considered appropriate by the

Commission, no person or company and no combination of persons or companies acting jointly or in concert shall beneficially own or exercise control or direction over more than 10% or more than 50% respectively of any class or series of voting shares of CXCH.

(b) The articles of CXCH shall contain the share ownership restrictions and provisions respecting the enforcement of such

restrictions which, without limiting the foregoing, may provide for the filing of declarations, the suspension of voting rights, the forfeiture of dividends, the refusal of the issue or registration of voting shares and the sale or redemption of voting shares held contrary to the restrictions and payment of net proceeds of the sale or redemption to the person entitled thereto.

25. Recognition Criteria CXCH shall continue to meet the criteria for recognition set out in Schedule 1 to the Order. 26. Fitness In order to ensure that CXCH and Nasdaq Canada operate with integrity and in the public interest, CXCH will take reasonable steps to ensure that each person or company that is a director or officer of CXCH is a fit and proper person and the past conduct of each person or company that is a director or officer of CXCH affords reasonable grounds for belief that the business of CXCH and Nasdaq Canada will be conducted with integrity. Each director and officer of CXCH must be a fit and proper person. 27. Board of Directors (a) CXCH shall ensure that at least 50% of its Board members are independent. (b) The Chair of the Board shall be independent. (c) In the event that CXCH fails to meet the requirement in paragraph (a) of this section, it shall immediately advise the

Commission and take appropriate measures to remedy such failure. (d) CXCH shall ensure that its Board is subject to requirements that the quorum for the Board consists of a majority of the

Board members, at least 50% of whom shall be independent. 28. Nominating Committee CXCH shall maintain a Nominating Committee that, at a minimum: (a) is made up of at least three directors, a majority of whom shall be independent, and has an independent Chair; (b) confirms the status of a nominee to the Board as independent before the name of the individual is submitted to

shareholders as a nominee for election to the Board; (c) confirms, on an annual basis, that the status of the directors that are independent has not changed; (d) assesses and approves all nominees of management to the Board; and


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(e) has a requirement that the quorum consist of a majority of the Nominating Committee members, a majority of whom shall be independent.

29. Conflicts of Interest and Confidentiality Procedures (a) CXCH shall establish, maintain and require compliance with policies and procedures that:

(i) identify and manage any conflicts of interest or potential conflicts of interest, perceived or real, arising from its

ownership interest in Nasdaq Canada, and (ii) require that confidential information regarding marketplace operations, regulation functions, or a Nasdaq

Canada marketplace participant that is obtained by a partner, director, officer or employee of CXCH or Nasdaq through that individual’s involvement in the management or oversight of the marketplace operations or regulation functions of Nasdaq Canada: (A) be kept separate and confidential from the business or other operations of the partner, director,

officer or employee of CXCH or Nasdaq, except with respect to information regarding marketplace operations where disclosure is necessary to carry out the individual’s responsibilities for the management or oversight of marketplace operations and the individual can and does exercise due care in his or her disclosure of the information, and

(B) not be used to provide an advantage to the partner, director, officer or employee of CXCH or Nasdaq

or Nasdaq’s affiliated entities, provided that nothing in this section 29(a)(ii) shall be construed to limit CXCH or Nasdaq Canada from providing to Nasdaq necessary information. CXCH shall cause Nasdaq Canada to mandate that each Nasdaq Canada dealer and affiliated entity of a Nasdaq Canada dealer carrying on a securities business in Canada in reliance on a securities registration or exemption therefrom disclose its relationship with Nasdaq Canada to clients whose orders might be, and clients whose orders have been, routed to Nasdaq Canada.

(b) CXCH shall regularly review compliance with the policies and procedures established in accordance with section 29(a)

and shall document each review and any deficiencies and how those deficiencies were remedied. A report detailing the review(s) conducted shall be provided to the Commission on an annual basis.

(c) The policies established in accordance with section 29(a) shall be made publicly available on the website of CXCH or

Nasdaq Canada. 30. Allocation of Resources (a) CXCH shall, for so long as Nasdaq Canada carries on business as an exchange, allocate sufficient financial and other

resources to Nasdaq Canada to ensure that Nasdaq Canada can carry out its functions in a manner that is consistent with the public interest and in compliance with Ontario securities law.

(b) CXCH shall notify the Commission immediately upon being aware that it is or will be unable to allocate sufficient

financial and other resources, as required under paragraph (a), to Nasdaq Canada. 31. Fees, Fee Models and Incentives (a) CXCH shall ensure that its affiliated entities, including Nasdaq Canada, do not, through any fee schedule, any fee

model or any contract, agreement or other arrangement with any marketplace participant or any other person, significant shareholder or company, provide:

(i) any discount, rebate, allowance, price concession or other similar arrangement on any services or products

offered by Nasdaq Canada or Nasdaq and its affiliated entities and significant shareholders that is conditional upon the purchase of any other service or product provided by the affiliated entity; or

(ii) any discount, rebate, allowance, price concession or other similar arrangement that is accessible only to,

whether as designed or by implication, a class of marketplace participants or of any other persons or companies,

unless prior approval has been granted by the Commission.


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(2017), 40 OSCB 8463

(b) CXCH shall ensure that Nasdaq Canada does not require a person or company to purchase or otherwise obtain products or services from Nasdaq Canada or Nasdaq and its affiliated entities and significant shareholders as a condition of Nasdaq Canada supplying or continuing to supply a product or service unless prior approval has been granted by the Commission.

(c) CXCH shall ensure that Nasdaq Canada or Nasdaq and its affiliated entities and significant shareholders do not require

another person, significant shareholder or company to obtain products or services from Nasdaq Canada as a condition of the affiliated entity supplying or continuing to supply a product or service.

32. Order Routing CXCH shall not support, encourage or incent, either through fee incentives or otherwise, Nasdaq Canada marketplace participants, Nasdaq affiliated entities or significant shareholders to coordinate the routing of their order to Nasdaq Canada. 33. Financial Reporting

(a) Within 90 days of its financial year end, CXCH shall deliver to the Commission audited consolidated financial statements and unaudited non-consolidated financial statements without notes for its latest financial year.

(b) Within 60 days of each quarter end, CXCH shall deliver to the Commission unaudited consolidated financial statements

and unaudited non-consolidated financial statements without notes for its latest financial quarter. (c) CXCH shall deliver to the Commission its annual financial budget, together with the underlying assumptions, that has

been approved by its Board, within 30 days from the commencement of each fiscal year. 34. Prior Commission Approval CXCH shall obtain prior Commission approval of any changes to any agreement between CXCH and its significant shareholders. 35. Reporting Requirements CXCH shall provide the Commission with the information set out in Appendix B to this Schedule, as amended from time to time. 36. Compliance With Terms and Conditions (a) CXCH shall certify in writing to the Commission, in a certificate signed by its CEO and either its Chairman of the Board,

general counsel or chief compliance officer, within one year of the effective date of its recognition as an exchange pursuant to this Order and every year subsequent to that date, or at any times required by the Commission, that it is in compliance with the terms and conditions applicable to it in the Order and describe in detail: (i) the steps taken to require compliance; (ii) the controls in place to verify compliance; and (iii) the names and titles of employees who have oversight of compliance.

(b) If CXCH or any of its directors, officers or employees become aware of a breach or a possible breach of any of the terms and conditions applicable to CXCH under the Schedules to the Order, such person shall, within five business days after becoming aware of the breach or possible breach, notify the Board or committee designated by the Board and approved by the Commission of the breach or possible breach. The director, officer or employee of the recognized exchange shall provide to the Board or committee designated by the Board details sufficient to describe the nature, date and effect (actual and anticipated) of the breach or possible breach.

(c) The Board or committee designated by the Board shall, within five business days after being notified of the breach or

possible breach, notify the Commission and confirm that the breach or possible breach is under investigation as required by section 36(d).

(d) The Board or committee designated by the Board shall promptly cause to be conducted an investigation of the breach

or possible breach reported under section 36(b). Once the Board or committee designated by the Board has made a determination as to whether there has been a breach, or that there is an impending breach, of any terms and conditions applicable to CXCH under the Schedules to the Order, the Board or committee designated by the Board shall, within five business days of such determination, notify the Commission of its determination and shall provide details sufficient to describe the nature, date and effect (actual and anticipated) of the breach or impending breach, and any actions that will be taken to address it.


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APPENDIX B ADDITIONAL REPORTING OBLIGATIONS

1. Ad Hoc (a) Immediate notification of a decision to enter into a definitive agreement (including a binding letter of intent),

memorandum of understanding or other similar agreement with any governmental or regulatory body, self-regulatory organization, clearing agency, stock exchange, other marketplace or market, except in the case where the agreement or arrangement: (i) is primarily intended to restrict the use or disclosure of confidential information, (ii) is primarily for the purpose of facilitating discussions in connection with a possible definitive agreement, (iii) is necessary to support the provision of the existing exchange services, (iv) relates to the provision of the existing exchange services and is also subject to the standard form agreements of the exchange (for example, data subscription agreements, etc.), or (v) relates to a business line other than exchange services.

(b) Any plans by CXCH to enter into new businesses (directly or indirectly, including joint ventures) or to cease existing

businesses, promptly after the Board has made the decision to implement those plans. (c) Immediate notification of:

(i) the appointment of any new director or officer of CXCH, including a description of the individual’s employment

history; and (ii) the receipt of notice of resignation from, or the resignation of, a director or officer or the auditor of CXCH,

including a statement of the reasons for the resignation.

(d) Any minutes of the meetings of Board and Board committees of CXCH, promptly after their approval. (e) Immediate notification if CXCH:

(i) becomes the subject of any order, directive or similar action of a governmental or regulatory authority; (ii) becomes aware that it is the subject of a criminal or regulatory investigation; or (iii) becomes, or it is notified in writing that it will become, the subject of a material lawsuit.

(f) Immediate notification if Nasdaq becomes, or it is notified in writing that it will become, the subject of a criminal, administrative or regulatory proceeding.

(g) Any strategic plan for CXCH, within 30 days of approval by the Board. (h) Any filings made by CXCH with a Canadian securities regulatory authority pursuant to a recognition order, exemption

order or NI 21-101, filed concurrently. 2. Quarterly Reporting A list of the internal audit reports and risk management reports issued in the previous quarter that relate to the operations and business of CXCH and Nasdaq Canada, if such reports are produced. 3. Annual Reporting At least annually, or more frequently if required by the Commission, an assessment of the risks, including business risks, facing CXCH and Nasdaq Canada and the plan for addressing such risks.


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SCHEDULE 4 TERMS AND CONDITIONS APPLICABLE TO NASDAQ AND SIGNIFICANT SHAREHOLDERS

37. Definitions and Interpretation Terms used in this Schedule have the same meanings and interpretation as in section 1 of Schedule 2. 38. Public Interest Responsibilities Nasdaq shall ensure that Nasdaq Canada and CXCH conduct the business and operations of recognized exchanges in a manner that is consistent with the public interest. 39. Fitness Nasdaq shall take reasonable steps to ensure that each director and officer of Nasdaq Canada and CXCH is a fit and proper person. As part of those steps, Nasdaq shall consider whether the past conduct of each director or officer affords reasonable grounds for belief that the business of Nasdaq Canada and CXCH will be conducted with integrity and in a manner that is consistent with the public interest responsibilities of Nasdaq Canada and CXCH. 40. Conflicts of Interest and Confidentiality Procedures (a) Nasdaq shall establish, maintain and require compliance with policies and procedures that:

(i) identify and manage any conflicts of interest or potential conflicts of interest, real or perceived, arising from the

involvement of a nominee of Nasdaq or a significant shareholder of Nasdaq on the Board of CXCH or Nasdaq Canada in the management or oversight of the marketplace operations or regulation functions of Nasdaq Canada, and

(ii) require that confidential information regarding marketplace operations or regulation functions, or regarding a

Nasdaq Canada marketplace participant that is obtained by such nominee on the Board of Nasdaq Canada or CXCH:

(A) be kept separate and confidential from the business or other operations of such significant

shareholder, except with respect to where disclosure is necessary to carry out the individual’s responsibilities for the management or oversight of exchange operations and the individual can and does exercise due care in his or her disclosure of the information, and

(B) not be used to provide an advantage to Nasdaq, its significant shareholder or affiliated entities, provided that nothing in this section 40(a)(ii) shall be construed to limit CXCH or Nasdaq Canada from providing to Nasdaq necessary information.

(b) Nasdaq shall establish, maintain and require compliance, or ensure that its affiliated entities that are dealers, if any,

establish, maintain or require compliance with policies and procedures that identify and manage any conflicts of interest or potential conflicts of interest, real or perceived, arising from its ownership interest in CXCH, and indirectly in Nasdaq Canada, including, but not limited to, conflicts of interest or potential conflicts of interest that arise from any interactions between either of Nasdaq Canada and Nasdaq, Nasdaq Canada or significant shareholders or between Nasdaq Canada and the affiliated entities of Nasdaq that are dealer where Nasdaq Canada may be exercising discretion in the application of its Rules that involves or affects Nasdaq or its affiliated entities either directly and indirectly.

(c) Nasdaq shall regularly review compliance with the policies and procedures established in accordance with paragraphs

(a) and (b), as applicable, and shall document each review of compliance. 41. Allocation of Resources (a) To ensure Nasdaq Canada and CXCH can carry out their functions in a manner that is consistent with the public

interest and in compliance with Ontario securities law, Nasdaq shall, for so long as Nasdaq Canada and CXCH carry on business as exchanges, facilitate the allocation of sufficient financial and non-financial resources for the operations of these exchanges.

(b) Nasdaq shall notify the Commission immediately upon being aware that it is or will be unable to allocate sufficient

financial or other resources to Nasdaq Canada or CXCH, as required under paragraph (a).


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42. Routing and Other Operational Decisions (a) Nasdaq shall not enter into, and shall not cause any of its affiliated entities that are dealers to enter into, any

arrangements, undertakings, commitments, understandings or agreements with CXCH, Nasdaq Canada, or any marketplace participant with respect to coordination of the routing of orders to Nasdaq Canada except with respect to activities that are permitted by the requirements of Nasdaq Canada or IIROC.

(b) Each significant shareholder shall not enter into, and shall not cause any of its affiliated entities that are dealers to

enter into, any arrangements, undertakings, commitments, understandings or agreements with Nasdaq, CXCH, Nasdaq Canada or any marketplace participant with respect to coordination of the routing of orders to Nasdaq Canada, except with respect to activities that are permitted by the requirements of Nasdaq Canada or IIROC.

(c) For greater certainty, paragraph (a) is not intended to prohibit any temporary agreements or coordination between

Nasdaq or affiliated entities of Nasdaq that is a dealer and any other shareholder or affiliated entities of a shareholder that is a dealer or any other person in the event of any failure, malfunction or material delay of the systems or equipment of a marketplace if and to the extent reasonably necessary to protect the integrity and liquidity of capital markets, provided that prior notice of the temporary agreement or coordination is provided to the Commission.

(d) Nasdaq shall not cause any of its affiliated entities to offer or pay any benefit, financial or otherwise to its traders that

would incent such traders to direct their orders to Nasdaq Canada in preference to any other marketplace. (e) No significant shareholder shall cause any of its affiliated entities to offer or pay any benefit, financial or otherwise, to

its traders, if applicable, that would incent such traders to direct their orders to Nasdaq Canada in preference to any other marketplace.

(f) Significant shareholders shall provide a written directive to their traders, if applicable, that they shall not cause routing

decisions to be made based on Nasdaq’s ownership interest in CXCH and Nasdaq Canada. 43. Disclosure To Clients (a) A significant shareholder shall ensure that any affiliated entity that is a Nasdaq Canada marketplace participant shall

disclose its relationship with Nasdaq Canada and CXCH and its affiliated entities to clients whose orders might be, and clients whose orders have been, routed to Nasdaq Canada.

44. Conditional Provision of Products or Services (a) A Nasdaq Canada dealer shall not require another person or company to obtain products or services from Nasdaq

Canada or any of its affiliated entities as a condition of the Nasdaq Canada dealer supplying or continuing to supply a product or service.

(b) Nasdaq shall not cause its dealer affiliated entities to require another person or company to obtain products or services

from Nasdaq Canada or any of its affiliated entities as a condition of the significant shareholder supplying or continuing to supply a product or service.

45. Notification of New Dealer Affiliated Entities Nasdaq shall promptly notify the Commission if it creates or acquires an affiliated entity that is a dealer. 46. Provision of Information Nasdaq shall promptly provide to the Commission, on request, any and all data, information, and analyses in its custody or control related to the business and operations of Nasdaq Canada or CXCH without limitations, redactions, restrictions, or conditions. 47. Certifications (a) Nasdaq shall certify in writing to the Commission, in a certificate signed by its CEO and either its general counsel or

chief compliance officer, within ten days of the date that is one year from the effective date of the recognition of CXCH and Nasdaq Canada as exchanges pursuant to this Order and every year subsequent to that date, or at other times required by the Commission that, based on their knowledge, having exercised reasonable diligence, Nasdaq is in compliance with the terms and conditions applicable to it in this Schedule and describe the steps taken to require compliance.


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(2017), 40 OSCB 8467

(b) Nasdaq shall certify in writing to the Commission, in a certificate signed by its CEO and either its general counsel or chief compliance officer, within ten days of the date that is one year from the effective date of the recognition of CXCH and Nasdaq Canada as exchanges pursuant to this Order and every year subsequent to that date, or at other times required by the Commission, that, based on their knowledge, having exercised reasonable diligence:

(i) Nasdaq is not acting jointly or in concert with any other significant shareholder, or any affiliated entity or

associated thereof, with respect to any voting shares of CXCH; (ii) despite subparagraph (b)(i), Nasdaq may act jointly or in concert with any other shareholders under

arrangements to nominate a director to the board of CXCH or Nasdaq Canada; (iii) Nasdaq has no agreement, commitment or understanding, written or otherwise, with any other significant

shareholder, or any affiliated entity or associate thereof, with respect to the acquisition or disposition of voting shares of CXCH, the exercise of any voting rights attached to any voting shares of CXCH or the coordination of decisions or voting by its nominee director of CXCH (if any) with the decisions or voting by the nominee of any other significant shareholder, other than what is included in the CXCH shareholders’ agreement; and

(iv) since the last certification, Nasdaq has not acted jointly or in concert with any other significant shareholder, or

any affiliated entity or associate thereof, with respect to any voting shares of CXCH, including with respect to the acquisition or disposition of any voting shares of CXCH or the exercise of any voting rights attached to any voting shares of CXCH.

48. Compliance with Terms and Conditions (a) If Nasdaq or its partners, officers, directors or employees becomes aware that there has been a breach or possible

breach of any of the terms and conditions applicable to it under this schedule of the Order, such person shall, promptly after becoming aware of the breach or possible breach, notify the Designated Recipient (as defined below) of the breach or possible breach. The partner, director, officer or employee of Nasdaq shall provide to the Designated Recipient details sufficient to describe the nature, date and effect (actual and anticipated) of the breach or possible breach.

(b) “Designated Recipient” means the person or body that Nasdaq designates as having the responsibilities described in

this section, which may be its Board, audit committee, governance committee (or chairperson of any of the foregoing), General Counsel, Chief Compliance Officer, an ombudsperson specifically designated by Nasdaq to review compliance with corporate policies under Nasdaq’s established whistle-blowing procedures, or, with the approval of the Commission, such other person or committee designated by Nasdaq .

(c) The Designated Recipient shall promptly cause an investigation to be conducted of the breach or possible breach

reported under paragraph (a) and shall promptly provide a report to the Commission and to Nasdaq Canada after concluding such investigation if the Designated Recipient determines that a breach has occurred or that there is an impending breach. Any such report to the Commission by the Designated Recipient shall include details sufficient to describe the nature, date and effect (actual and anticipated) of the breach or impending breach, and any actions that will be taken to address it.

49. Expiry of Terms and Conditions The obligations of Nasdaq to comply with the terms and conditions of this Schedule expire on the later of: (a) the date on which, for a consecutive six month period, Nasdaq owns less than 10% of the number of voting shares of

CXCH that it had beneficially owned or exercised control or direction over at the launch of the recognized exchange, and

(b) the date on which the nominee or partner, officer, director or employee of Nasdaq has ceased to be a director on the

board of CXCH or Nasdaq Canada.


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SCHEDULE 5 PROCESS FOR THE REVIEW AND APPROVAL OF RULES AND

THE INFORMATION CONTAINED IN FORM 21-101F1 AND THE EXHIBITS THERETO 50. Purpose This Protocol sets out the procedures a recognized exchange (Exchange) must follow for any Rule or Change, both as defined in section 51 below, and describes the procedures for their review by Commission Staff (Staff) and approval by the Commission or the Director. 51. Definitions For the purposes of this Protocol: (a) Change means a Fee Change, a Housekeeping Change or a Significant Change. (b) Fee Change means any new fee or fee model of the Exchange and any amendment to a fee or fee model. (c) Housekeeping Change means an amendment to the information in Form 21-101F1 that

(i) does not have an impact on the Exchange’s market structure, members, issuers, investors or the capital

markets, or (ii) is of a housekeeping or administrative nature and is comparable to the types of housekeeping changes listed

in subsection 6.1(5)(b) of Companion Policy 21-101CP.

(d) Housekeeping Rule means a new Rule or an amendment to a Rule that (i) does not have an impact on the Exchange’s market structure, members, issuers, investors or the capital

markets, or (ii) is of a housekeeping or administrative nature and is comparable to the types of housekeeping changes listed

in subsection 6.1(5)(b) of Companion Policy 21-101CP.

(e) Public Interest Rule means a Rule or an amendment to a Rule that is not a Housekeeping Rule. (f) Rule includes a rule, policy and other similar instrument of the Exchange. (g) Significant Change means an amendment to the information in Form 21-101F1 other than

(i) a Housekeeping Change, (ii) a Fee Change, or (iii) a Rule, and for greater certainty includes the matters listed in subsection 6.1(4) of Companion Policy 21-101 CP.

(h) Significant Change subject to Public Comment means a Significant Change that

(i) is listed in paragraphs 6.1(4)(a), (b), (c) or (d) of Companion Policy 21-101 CP, or (ii) in Staff’s view, has an impact on the Exchange’s market structure or members, or on issuers, investors or the

capital markets or otherwise raises public interest concerns and should be subject to public comment. 52. Scope (a) The Exchange and Staff will follow the process for review and approval set out in this Protocol for all Changes, new

Rules and Rule amendments.


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53. Board Approval (a) The Exchange’s board of directors, or a duly authorized committee of the board, must approve all Rules prior to their

submission under this Protocol. 54. Waiving or Varying the Protocol (a) The Exchange may file a written request with Staff to waive or vary any part of this Protocol. The request must provide

reasons why granting the waiver is appropriate in the circumstances. (b) Staff will use their best efforts to provide to the Exchange within five business days of receipt of its request either:

(i) written notice that Staff object to granting the waiver or variation; or (ii) written notice that the waiver or variation has been granted by Staff.

55. Materials to be Filed and Timelines (a) Prior to the implementation of a Fee Change, Public Interest Rule or Significant Change, the Exchange will file with

Staff the following materials: (i) a cover letter that, together with the notice for publication filed under paragraph 55(a)(ii), if applicable, fully

describes: (A) the proposed Fee Change, Public Interest Rule or Significant Change; (B) the expected date of implementation of the proposed Fee Change, Public Interest Rule or Significant

Change; (C) the rationale for the proposal and any relevant supporting analysis; (D) the expected impact of the proposed Fee Change, Public Interest Rule or Significant Change on the

market structure, members and, if applicable, on investors, issuers and the capital markets; (E) whether a proposed Public Interest Rule or Significant Change would increase or decrease systemic

risk in the Canadian financial system and how any increase would be mitigated, if applicable; (F) a discussion of the expected impact of the Fee Change, Public Interest Rule or Significant Change

on the Exchange’s compliance with Ontario securities law and in particular on requirements for fair access and maintenance of fair and orderly markets;

(G) details of any consultations undertaken in formulating the Fee Change, Public Interest Rule or

Significant Change, including the internal governance process followed to approve the Rule or Change;

(H) if the Public Interest Rule or Significant Change will require members and service vendors to modify

their own systems after implementation of the Rule or Change, a reasonable estimate of the amount of time needed to perform the necessary work, or an explanation as to why a reasonable estimate was not provided;

(I) a discussion of any alternatives considered; and (J) if applicable, whether the proposed Fee Change, Significant Change or Public Interest Rule would

introduce a fee model, feature or Rule that currently exists in other markets or jurisdictions; (ii) for a proposed Public Interest Rule or Significant Change subject to Public Comment, a notice for publication

that includes the information required under paragraph 55(a)(i) above, except that the following may be excluded from the notice: (A) supporting analysis required under subparagraph 55(a)(i)(C) above that, if included in the notice,

would result in the public disclosure of intimate financial, commercial or technical information; (B) the information on systemic risk required under subparagraph 55(a)(i)(E) above;


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(C) the information on the internal governance processes followed required under subparagraph 55(a)(i)(G) above;

(D) the reasonable estimate of time needed for members and service vendors to modify their own

systems, or the explanation as to why a reasonable estimate was not provided, required under subparagraph 55(a)(i)(H), so long as the notice for publication contains a statement that the Exchange did not or could not make a reasonable estimate; and

(E) the discussion of alternatives required under subparagraph 55(a)(i)(I) above.

(iii) for a proposed Public Interest Rule, the text of the Rule and a blacklined version of the Rule indicating changes to any existing Rules, and if supplementary material relating to the Rule is contained in Form 21- 101F1, blacklined and clean copies of Form 21-101F1; and

(iv) for a proposed Fee Change or Significant Change, blacklined and clean copies of Form 21-101F1 showing the

proposed Change.

(b) The Exchange will file the materials set out in subsection 55(a) (i) at least 45 days prior to the expected implementation date of a proposed Public Interest Rule or Significant

Change; and (ii) at least seven business days prior to the expected implementation date of a proposed Fee Change.

(c) For a Housekeeping Rule, the Exchange will file with Staff the following materials:

(i) a cover letter that fully describes the Rule and indicates that it was classified as a Housekeeping Rule and provides an analysis of the rationale for the classification, and the date or proposed date of implementation of the Rule;

(ii) the text of the Rule and a blacklined version of the Rule indicating changes to any existing Rules; (iii) if supplementary material relating to the Rule is contained in Form 21-101F1, blacklined and clean copies of

Form 21-101F1; and (iv) a notice for publication on the OSC website and in the OSC Bulletin that contains the information in paragraph

(ii) above as well as the implementation date for the Rule, and indicates that the Rule has been classified as a Housekeeping Rule and was not published for comment.

(d) For a Housekeeping Change, the Exchange will file with Staff the following materials:

(i) a cover letter that indicates that the Change was classified as a Housekeeping Change and provides an

analysis of the rationale for the classification and the expected or actual date of implementation of the Change; and

(ii) blacklined and clean copies of Form 21-101F1 showing the Change.

(e) The Exchange will file the materials set out in subsection 55(d) by the earlier of

(i) the Exchange’s close of business on the 10th calendar day after the end of the month in which the Housekeeping Change was implemented; and

(ii) the date on which the Exchange publicly announces a Housekeeping Change, if applicable.

56. Review by Staff of notice and materials to be published for comment (a) Within 5 business days of the receipt of the notice and materials filed by the Exchange relating to a Public Interest Rule

or Significant Change subject to Public Comment in accordance with subsection 55(a), Staff will review the notice and materials to ensure that they contain an adequate level of detail, analysis and discussion to elicit meaningful public comment, and will promptly notify the Exchange of any deficiency requiring a re-filing of the notice and materials.


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(2017), 40 OSCB 8471

(b) Where the notice and materials are considered by Staff to be deficient, the Exchange will amend and resubmit the notice and materials accordingly, and the date of resubmission will serve as the filing date for the purposes of this Protocol.

(c) Where the notice and materials are considered by Staff to be adequate for publication, Staff will proceed with the

processes set out in section 57. 57. Publication of a Public Interest Rule or Significant Change Subject to Public Comment (a) As soon as practicable after the receipt of the notice and materials filed by the Exchange relating to a Public Interest

Rule or Significant Change subject to Public Comment in accordance with subsection 55(a), Staff will publish in the OSC Bulletin and on the OSC website the notice prepared by the Exchange, along with a notice prepared by Staff, if necessary, that provides market participants with an opportunity to provide comments to Staff and to the Exchange within 30 days from the date the notice appears in the OSC Bulletin or on the OSC website, whichever comes first.

(b) If public comments are received

(i) the Exchange will forward copies of the comments promptly to Staff; and (ii) the Exchange will prepare a summary of the public comments and a response to those comments and provide

them to Staff promptly after the end of the comment period. 58. Review and Approval Process for Proposed Fee Changes, Public Interest Rules and Significant Changes (a) Staff will use their best efforts to complete their review of a proposed Fee Change, Public Interest Rule or Significant

Change within

(i) 45 days from the date of filing of a proposed Public Interest Rule or Significant Change; and (ii) seven business days from the date of filing of a proposed Fee Change.

(b) Staff will notify the Exchange if they anticipate that their review of the proposed Fee Change, Public Interest Rule or

Significant Change will exceed the timelines in subsection 58(a). (c) If Staff have material comments or require additional information to complete their review of a proposed Fee Change,

Public Interest Rule or Significant Change, Staff will use best efforts to provide the Exchange with a comment letter promptly by the end of the public comment period for a Public Interest Rule or Significant Change subject to Public Comment, and promptly after the receipt of the materials filed under section 55 for all other Changes.

(d) The Exchange will respond to any comments received from Staff in writing. (e) Unless Staff agree to an extension of time, if the Exchange fails to respond to Staff’s comments within 120 days after

the receipt of Staff’s comment letter, the Exchange will be deemed to have withdrawn the proposed Fee Change, Public Interest Rule or Significant Change. If the Exchange wishes to proceed with the Fee Change, Public Interest Rule or Significant Change after it has been deemed withdrawn, the Exchange will have to be re-submit it for review and approval in accordance with this Protocol.

(f) Upon completion of Staff’s review of a Fee Change, Public Interest Rule or Significant Change, Staff will submit the

Change or Rule to the Director or, in the circumstances described in subsection 58(g), to the Commission, for a decision within the following timelines:

(i) for a Public Interest Rule or a Significant Change subject to Public Comment, the later of 45 days from the

date that the related materials were published for comment and the date that Staff’s comments and public comments, including any concerns identified, have been adequately addressed by the Exchange;

(ii) for any other Significant Change, the later of 45 days from the date of filing of the Change and the date that

Staff’s comments and any concerns identified have been adequately addressed by the Exchange; or (iii) for a Fee Change, the later of seven business days from the date of filing of the change and the date that

Staff’s comments and any concerns identified have been adequately addressed by the Exchange. (g) A Fee Change, Public Interest Rule or Significant Change may be submitted to the Commission for a decision, within

the timelines in subsection 58(f),


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(i) if the proposed Fee Change, Public Interest Rule or Significant Change is complex or introduces a novel feature to the Exchange or the capital markets;

(ii) if comments received through the public comment process raise significant public interest concerns; or (iii) in any other situation where, in Staff’s view, Commission approval is appropriate.

(h) Staff will promptly notify the Exchange of the decision. (i) If a Public Interest Rule or Significant Change subject to Public Comment is approved, Staff will publish the following

documents in the OSC Bulletin and on the OSC website promptly after the approval:

(i) a notice indicating that the proposed Rule or Change is approved; (ii) the summary of public comments and responses prepared by the Exchange, if applicable; and (iii) if non-material changes were made to the version published for public comment, a brief description of these

changes prepared by the Exchange and a blacklined copy of the revised Rule or Change highlighting the revisions made.

59. Review Criteria for a Fee Change, Public Interest Rule and Significant Change (a) Staff will review a proposed Fee Change, Public Interest Rule or Significant Change in order to assess whether it is in

the public interest for the Director or the Commission to approve the Rule or Change. In making this determination, Staff will have regard to the mandate of the Commission as set out section 1.1 of the Securities Act (Ontario). The factors that Staff will consider in making their determination also include whether:

(i) the Rule or Change would impact the Exchange’s compliance with Ontario securities law; (ii) the Exchange followed its established internal governance practices in approving the proposed Rule or

Change; (iii) the Exchange followed the requirements of this Protocol and has provided sufficient analysis of the nature,

purpose and effect of the Rule or Change; and (iv) the Exchange adequately addressed any comments received.

60. Effective Date of a Fee Change, Public Interest Rule or Significant Change (a) A Fee Change, Public Interest Rule or Significant Change will be effective on the later of:

(i) the date that the Exchange is notified that the Change or Rule is approved; (ii) if applicable, the date of publication of the notice of approval on the OSC website; and (iii) the date designated by the Exchange.

61. Significant Revisions and Republication (a) If, subsequent to its publication for comment, the Exchange revises a Public Interest Rule or a Significant Change

subject to Public Comment in a manner that results in a material change to the proposed substance or effect of the Rule or Change, Staff will, in consultation with the Exchange, determine whether or not the revised Rule or Change should be published for an additional 30-day comment period.

(b) If a Public Interest Rule or Significant Change subject to Public Comment is republished under subsection 61(a), the

request for comments will include a blacklined version marked to the originally published version, a summary of comments and responses prepared by the Exchange, and an explanation of the revisions and the supporting rationale for the revisions.

62. Withdrawal of a Fee Change, Public Interest Rule or Significant Change (a) If the Exchange withdraws a Fee Change, Public Interest Rule or a Significant Change that was previously submitted, it

will provide a written notice of withdrawal to Staff.


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(b) If the notice of withdrawal relates to a Public Interest Rule or Significant Change subject to Public Comment, Staff will publish the notice of withdrawal in the OSC Bulletin and OSC website as soon as practicable.

(c) If a Public Interest Rule or Significant Change subject to Public Comment is deemed to have been withdrawn as

provided in subsection 58(e), Staff will prepare and publish a notice informing market participants that the Exchange did not proceed with the Rule or Change.

63. Effective Date of a Housekeeping Rule or Housekeeping Change (a) Subject to subsections 63(c) and 63(d), a Housekeeping Rule will be effective on the later of

(i) the date of the publication of the notice to be published on the OSC website in accordance with subsection 63(e), and

(ii) the date designated by the Exchange.

(b) Subject to subsections 63(c) and 63(d), a Housekeeping Change will be effective on the date designated by the

Exchange. (c) Staff will review the materials filed by the Exchange for a Housekeeping Change or Housekeeping Rule to assess the

appropriateness of the categorization of the Rule or Change as housekeeping within five business days from the date that the Exchange filed the documents in accordance with subsections 55(c) and 55(d). The Exchange will be notified in writing if there is disagreement with respect to the categorization of the Rule or Change as housekeeping.

(d) If Staff disagree with the categorization of the Rule or Change as housekeeping, the Exchange will immediately repeal

the Change, if applicable, file the proposed Rule as a Public Interest Rule or the proposed Change as a Significant Change, and follow the review and approval processes described in this Protocol as applying to a Public Interest Rule or Significant Change, including those processes applicable to a Significant Change subject to Public Comment if applicable.

(e) If Staff do not disagree with the categorization of the Rule, Staff will publish a notice to that effect in the OSC Bulletin

and on the OSC website as soon as is practicable. 64. Immediate Implementation of a Public Interest Rule or Significant Change (a) The Exchange may need to make a Public Interest Rule or Significant Change effective immediately where the

Exchange determines that there is an urgent need to implement the Rule or Change to maintain fair and orderly markets, or because of a substantial and imminent risk of material harm to the Exchange, its members, other market participants, issuers or investors.

(b) When the Exchange determines that immediate implementation is necessary, it will advise Staff in writing as soon as

possible but in any event at least five business days prior to the proposed implementation of the Public Interest Rule or Significant Change. The written notice will include the expected effective date of the Public Interest Rule or Significant Change and an analysis to support the need for immediate implementation. An application for an exemption from the 45-day advance filing requirements in National Instrument 21-101 must also be included as part of the written notice.

(c) If Staff do not agree that immediate implementation is necessary, Staff will promptly notify the Exchange, in writing, of

the disagreement no later than the end of the third business day following filing of the notice under subsection 64(b). If the disagreement is not resolved, the Exchange will file the Public Interest Rule or Significant Change in accordance with the timelines in section 55.

65. Review of a Public Interest Rule or Significant Change Implemented Immediately A Public Interest Rule or Significant Change that has been implemented immediately in accordance with section 64 will be published, if applicable, and reviewed and approved by the Director or by the Commission in accordance with the procedures set out in section 58, with necessary modifications. If the Director or the Commission does not approve the Public Interest Rule or Significant Change, the Exchange will immediately repeal the Rule or Change and inform its members of the decision. 66. Application of Section 21 of the Securities Act (Ontario) The Commission’s powers under subsection 21(5) of the Securities Act (Ontario) are not constrained in any way, notwithstanding a Rule or Change having been approved under this Protocol.


October 12, 2017

(2017), 40 OSCB 8474

13.2.2 TSX – Housekeeping Amendments to Form 5 – Dividend/Distribution Declaration – Notice of Housekeeping Rule Amendments to the TSX Company Manual

TORONTO STOCK EXCHANGE

NOTICE OF HOUSEKEEPING RULE AMENDMENTS TO THE TSX COMPANY MANUAL

Introduction In accordance with the Process for the Review and Approval of Rules and the Information Contained in Form 21-101F1 (the “Protocol”), Toronto Stock Exchange (“TSX”) has adopted, and the Ontario Securities Commission has approved, certain housekeeping amendments (the “Amendments”) to Form 5 – Dividend/Distribution Declaration (“Form 5”) of the TSX Company Manual (the “Manual”). The Amendments are Housekeeping Rules under the Protocol and therefore have not been published for comment. The Ontario Securities Commission has not disagreed with the categorization of the Amendments as Housekeeping Rules. Reasons for the Amendments TSX is proposing to make changes to the Form 5 to clarify the information required of issuers when completing the Form 5 and to provide TSX with the information it requires to process the Form 5 efficiently. These changes will reduce the need for issuers to re-file the Form 5 with TSX when they either have not completed it correctly or have not provided all information TSX requires. Summary of the Non-Public Interest Amendments Under the current Form 5, an issuer is required to provide the following information when submitting a Form 5 to TSX:

• security symbol; • amount per share; • currency of the dividend; • declaration date; • record date of the dividend; • payable date of the dividend; • indication whether the amount per share exceeds 25% of the share value as at the declaration date; and • other details, as applicable.

TSX is proposing to amend the Form 5 to require issuers to provide TSX with the following information:

• security symbol; • the type of dividend/distribution (i.e., regular, occasional, special/extra, omitted, deferred or resumption); • frequency and type of dividend to be resumed (for resumption dividends); • decision date and first affected payment date (for omitted and deferred dividends); • initial affected period (for deferred dividends); • declaration date; • the payment date; • the record date for the dividend/distribution; • whether such dividend/distribution is the first time it is being declared on the security with TSX;


October 12, 2017

(2017), 40 OSCB 8475

• where a dividend is a change from a previous regular dividend, specifying the amount per share changed from the previous declaration;

• whether the dividend/distribution amount is estimated, final or unknown; • the cash amount per security; • currency of dividend; • Canadian Dollar equivalent per security; • whether there are Due Bills attached to the dividend; • whether there is a security portion as part of the dividend, and if so, the applicable details; • whether the security is also listed on certain other exchanges (i.e. New York Stock Exchange, NYSE MKT, or

NASDAQ); • whether TSX may notify the market of the dividend immediately, and if not, the reasons for the delay, and the

date and time when TSX may publish the dividend bulletin; • additional details, as applicable; and • contact information of officer.

Effective Date The Amendments become effective on November 4, 2017.


October 12, 2017

(2017), 40 OSCB 8476

13.3 Clearing Agencies 13.3.1 The Canadian Depository for Securities Limited and CDS Clearing and Depository Services Inc. – Application

to Vary the Recognition Order – Request for Comment

REQUEST FOR COMMENT

APPLICATION TO VARY THE RECOGNITION ORDER FOR THE CANADIAN DEPOSITORY FOR SECURITIES LIMITED

AND CDS CLEARING AND DEPOSITORY SERVICES INC.

A. Background The Ontario Securities Commission (Commission) issued an order dated July 4, 2012, as varied and restated, pursuant to section 21.2 of the Securities Act (Ontario) (Act) continuing the recognition of The Canadian Depository for Securities Limited and CDS Clearing and Depository Services Inc. (collectively, CDS) as clearing agencies (Recognition Order). CDS has filed an application (Application) with the Commission requesting that an order be granted varying the definition of an “independent director” in the Recognition Order (Draft Order) pursuant to section 144 of the Act for the limited purpose of permitting the same individuals to be considered “independent” for the boards of directors (Boards) of CDS and the Canadian Derivatives Clearing Corporation (CDCC), an affiliate of CDS. This would have the effect of enabling CDS and CDCC to have a mirror Board and, consequently, mirror Board committees. B. Draft Variation Order The Draft Order would vary the independence definition in section 4.3(a) of Schedule “B” of the Recognition Order to provide that notwithstanding paragraphs 4.3(a) (ii), (iii) and (iv) of such definition, a director of CDCC is not considered to be non-independent solely on the ground that he or she is a director, or in the case of the chair of the Board only, an officer, of CDCC, or in the case of the chair of the Board only, an officer of CDS1. Subject to comments received, staff propose to recommend to the Commission that it grant CDS an order in the form of the proposed Draft Order attached at Appendix A. C. Comment Process The Commission is publishing for public comment the Application and Draft Order. We are seeking comment on the Application and Draft Order. You are asked to provide your comments in writing, via e-mail and delivered on or before November 11, 2017 addressed to the attention of the Secretary to the Commission, Ontario Securities Commission, 20 Queen Street West, Toronto, Ontario, M5H 3S8, e-mail: [email protected]. The confidentiality of submissions cannot be maintained as comments received during the comment period will be published. Questions may be referred to: Aaron Ferguson Manager, Market Regulation Tel: 416-593-3676 [email protected] Emily Sutlic Senior Legal Counsel, Market Regulation Tel: 416-593-2362 [email protected]

1 CDS is defined as a recognized clearing agency in the Recognition Order.


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(2017), 40 OSCB 8477

APPENDIX “A”


R.S.O. 1990, c. S.5, AS AMENDED (Act)

AND

IN THE MATTER OF

THE CANADIAN DEPOSITORY FOR SECURITIES LIMITED AND

CDS CLEARING AND DEPOSITORY SERVICES INC.

VARIATION ORDER (Section 144 of the Act)

WHEREAS the Ontario Securities Commissions (Commission) issued an order dated July 4, 2012, as varied and restated on December 21, 2012 and as varied on December 7, 2012, May 1, 2013, June 25, 2013, June 24, 2014, January 27, 2015, March 27, 2015 and December 20, 2016, pursuant to section 21.2 of the Act continuing the recognition of The Canadian Depository for Securities Limited (CDS Ltd.) and CDS Clearing and Depository Services Inc. (together with CDS Ltd., CDS) as clearing agencies (the Clearing Agency Recognition Order); AND WHEREAS CDS has filed an application (Application) with the Commission to vary the Clearing Agency Recognition Order pursuant to section 144 of the Act to replace the definition of “independent” in section 4.3(a) of Schedule “B” of the Clearing Agency Recognition Order (the Independence Definition) for the limited purpose of permitting the same individuals to be considered “independent” for the boards of directors of both CDS and the Canadian Derivatives Clearing Association (CDCC); AND WHEREAS the Application requests that the Commission vary the Independence Definition to provide that notwithstanding paragraphs (ii), (iii) and (iv) of such definition, a director of CDCC is not considered to be non-independent solely on the ground that he or she is (v) a director, or in the case of the chair of the board of directors only, an officer, of CDCC, or (vi) in the case of the chair of the board of directors only, an officer of CDS, a recognized clearing agency; AND WHEREAS the Commission has determined based on the Application and representations made by CDS that it is not prejudicial to the public interest to vary the Clearing Agency Recognition Order to replace the Independence Definition; IT IS HEREBY ORDERED that, pursuant to section 144 of the Act, section 4.3(a) of Schedule “B” of the Clearing Agency Recognition Order is deleted and replaced with the following:

(a) a director is independent, if the director is not: (i) an associate, partner, director, officer or employee of a significant Maple shareholder; (ii) an associate, partner, director, officer or employee of a Participant of the recognized clearing agency

or such Participant’s affiliated entities or an associate of such director, partner, officer or employee; or

(iii) an associate, partner, director, officer or employee of a marketplace or such marketplace’s affiliated

entities or an associate of such partner, director, officer or employee, or (iv) an officer or employee of the recognized clearing agency or its affiliated entities or an associate of

such officer or employee, notwithstanding paragraphs (ii), (iii) and (iv) above: (v) a director of the Canadian Derivatives Clearing Corporation (CDCC) is not considered to be non-

independent solely on the ground that he or she is a director, or in the case of the chair of the board of directors only, an officer, of CDCC; and

(vi) the chair of the board of directors of the recognized clearing agency is not considered non-

independent solely on the ground that he or she is an officer of the recognized clearing agency; and


October 12, 2017

(2017), 40 OSCB 8478

DATED at Toronto this _____ day of ___________________, 2017. _______________________________ _______________________________ [Editor’s Note: CDS’ application for an order varying the recognition order for The Canadian Depository for Securities Limited and CDS Clearing and Depository Services Inc. follows on separately numbered pages. Bulletin pagination resumes with the index for this issue.]

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Deanna DobrowskyVice President, Regulatory

TMX GroupThe Exchange Tower130 King Street West

Toronto, Ontario M5X 1J2

T (416) 365-8130F (416) 365-1984

[email protected] 14, 2017

VIA OSC ELECTRONIC PORTAL

Ontario Securities Commission20 Queen Street West, 22nd FloorToronto, Ontario M5H 3S8

Attention: Secretary to the Commission

Dear Sirs/Mesdames:

Re: Application for an order varying the recognition order for The Canadian Depository for Securities Limited and CDS Clearing and Depository Services Inc.

The Canadian Depository for Securities Limited (“CDS Limited”) and CDS Clearing and Depository Services Inc. (“CDS Clearing”, and collectively with CDS Limited, “CDS”) are hereby applying to the Ontario Securities Commission (“OSC”) for an order varying the CDS recognition order. The variation order would revise the definition of an “independent” director to enable an individual to be an independent director of CDS, notwithstanding that the individual is also a director of the Canadian Derivatives Clearing Corporation (“CDCC”), so long as the individual meets all other director independence criteria in the CDS recognition order (the “Requested Variation Order”).1

CDS and CDCC are applying to the Autorité des marchés financiers (“AMF”) for similar variation orders. These variations to the CDS and CDCC recognition orders would have the effect of enabling CDS and CDCC to have mirror boards of directors and, consequently, mirror board committees.

TMX Group Limited (“TMX”), CDS and CDCC have embarked on a business initiative to bring CDS and CDCC closer together. This initiative is part of a vision that is designed to advance TMX’s evolution as a client-driven solutions provider to the Canadian and global capital markets.This vision includes an organizational emphasis on increasing efficiencies across the TMX enterprise. One phase of this initiative included a realignment that resulted in one individual, Glenn Goucher, becoming President and Chief Clearing Officer of CDS while retaining his position

1 We note that revised definition will also clarify that the chair of the board of directors of CDCC and CDS will not be considered non-independent solely on the grounds that he or she is an officer of CDCC and CDS. Pursuant to the Canada Business Corporations Act, which is CDS and CDCC’s incorporating statute, the chair of the board of directors is an officer of the corporation.

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of President and Chief Clearing Officer of CDCC, and one individual, George Kormas, becoming the Chief Risk Officer of both clearing houses.

Bringing CDS and CDCC together under one leader has harmonized our efforts to bring efficiencies across the risk, operations, systems and business development areas of the clearing houses. Consistent with this, CDS and CDCC have determined that creating mirror boards of directors to oversee the activities of the President and the risk operations of CDS and CDCC is an appropriate next step in this evolution. For the purposes of this application, “mirror boards” means that each of CDS and CDCC will continue to have its own, separate board of directors, but that each board will be populated with the same individuals. Similarly, “mirror board committees” means that each of CDS and CDCC will continue to have its own separate board committees, but that the same committee of each board will be populated with the same individuals.

Recognition order provisions

The OSC’s varied and restated order recognizing CDS as a clearing agency dated December 21, 2012, as amended (the “OSC CDS Recognition Order”), the AMF’s Decision No. 2012-PDG-0142 recognizing CDS as a clearing house, as amended (the “AMF CDS Recognition Order”, and together with the OSC CDS Recognition Order, the “CDS Recognition Orders”), and the AMF’s Decision No. 2012-PDG-0078 recognizing CDCC as a clearing house, as amended (the “CDCC Recognition Order”),2 contain provisions that have the effect of preventing CDS and CDCC from realizing the benefit of mirror boards of directors, as the definition of “independence” in these orders prevents CDS and CDCC from cross-appointing independent directors.

The CDS Recognition Orders require that 33% of the members of the CDS board of directors be independent, as that term is defined in the CDS Recognition Orders. The definition of the term “independent” states:

a director is independent, if the director is not;

(i) an associate, partner, director, officer or employee of a significant Maple shareholder,

(ii) an associate, partner, director, officer or employee of a Participant of the recognized clearing agency or such Participant's affiliated entities or an associate of such director, partner, officer or employee,

(iii) an associate, partner, director, officer or employee of a marketplace or such marketplace's affiliated entities or an associate of such partner, director, officer or employee, or

(iv) an officer or employee of the recognized clearing agency or its affiliated entities or an associate of such officer or employee.3

2 We note that the OSC CDCC recognition order dated April 8, 2014 incorporates the CDCC Recognition Order as an appendix and therefore indirectly contains provisions that have the effect of preventing CDS and CDCC from having mirror boards of directors. Further, TMX Group Limited’s undertakings to the AMF dated April 30, 2012 incorporate by reference the definition of “independent” in the CDCC Recognition Order. 3 See s. 4.2 and s. 4.3 of the OSC CDS Recognition Order and s. 23.2 and 23.3 of the AMF CDS Recognition Order. Capitalized terms in this definition have the meaning ascribed to them in the CDS Recognition Orders.

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The CDCC Recognition Order, similarly, requires that 33% of the members of the CDCC board of directors be independent, as that term is defined in the CDCC Recognition Order.4

The combined effect of paragraphs (iii) of the definition of “independent” in the CDS Recognition Orders and the CDCC Recognition Order is to preclude cross-appointments of independent directors between the CDS and CDCC boards. Paragraph (iii) of the CDS Recognition Orders excludes directors of an affiliated entity of a marketplace from being considered independent directors of CDS. CDCC is an affiliate of TSX Inc., Montréal Exchange Inc., TSX Venture Exchange Inc. and Alpha Exchange Inc., which are all marketplaces. Therefore, none of the independent directors of CDCC are independent for the purposes of the CDS Recognition Orders.Similarly, paragraph (iii) of the CDCC Recognition Order excludes directors of an affiliate of a marketplace that clears through CDCC from being considered independent directors of CDCC. Montréal Exchange Inc. clears through CDCC and is also an affiliate of CDS. Therefore, none of the independent directors of CDS are independent for the purposes of the CDCC Recognition Order. This is ultimately because CDS, CDCC and the marketplaces that clear through CDS and CDCC are under common control.

Additionally, paragraph (ii) of the definition of independence in the CDS Recognition Orders excludes directors of CDS participants from being considered independent directors of CDS. CDCC is technically a participant of CDS. As a result, none of the independent directors of CDCC are independent for the purposes of the CDS board.

In order for CDS and CDCC to have mirror boards of directors, CDS is requesting an order varying the definition of “independent” in the OSC CDS Recognition Order for the limited purpose of permitting the same individuals to be considered “independent” for both the CDS and CDCC boards of directors.5 In particular, CDS is requesting that the revised definition of “independent” read as follows (the new text is underlined):

a director is independent, if the director is not;

(i) an associate, partner, director, officer or employee of a significant Maple shareholder;

(ii) an associate, partner, director, officer or employee of a Participant of the recognized clearing agency or such Participant’s affiliated entities or an associate of such director, partner, officer or employee; or

4 The definition of the term “independent” in the CDCC Recognition order states:an independent director means a person who is not:(i) a partner, director, officer or employee of a Significant Maple Shareholder;(ii) a partner, director, officer or employee of a CDCC member or of an affiliate of such member, or an

associate of such partner, director, officer or employee;(iii) a partner, director, officer or employee of a marketplace that clears through CDCC or of an affiliate

of such marketplace, or an associate of such partner, director, officer or employee; or(iv) an officer or employee of CDCC or of a CDCC affiliate, or an associate of such officer or

employee;(v) notwithstanding subparagraphs (i) to (iv) above and the definition of “officer” in section 3 of the

Derivatives Act, the Chair of the Board of Directors is not considered to be non-independent solely on the ground that he or she is, or has been within the last three years, Chair of the Board of Directors of CDCC on a part-time basis.

5 The independent directors of the CDS and CDCC mirror boards of directors will not be members of the board of directors of another TMX entity.

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(iii) an associate, partner, director, officer or employee of a marketplace or such marketplace’s affiliated entities or an associate of such partner, director, officer or employee, or

(iv) an officer or employee of the recognized clearing agency or its affiliated entities or an associate of such officer or employee,

notwithstanding paragraphs (ii), (iii) and (iv) above:

(v) a director of the Canadian Derivatives Clearing Corporation (“CDCC”) is not considered to be non-independent solely on the ground that he or she is a director, or in the case of the chair of the board of directors only, an officer, of CDCC, and

(vi) the chair of the board of directors of CDS6 is not considered non-independent solely on the ground that he or she is an officer of CDS.

Rationale for mirror boards of directors

Having mirror boards of directors is an extension of the initiative that CDS and CDCC are currently undertaking to work more closely together. This initiative is part of the TMX vision to increasecollaboration among entities and focus on increasing efficiencies across the TMX enterprise. This broad vision includes a strategy to achieve a number of very important goals. While each clearing house will continue to manage a separate risk pool, with its own rule book and processes, we have undertaken a project to form a common technology platform to support the two clearing houses. In addition, as part of the CDS and CDCC initiative to work more closely together, we effected an organizational redesign to allow one individual, Glenn Goucher, to be the President and Chief Clearing Officer of both clearing houses.

Management of CDS and CDCC believe that it is in the public interest for CDS and CDCC to have mirror boards of directors due to the level of interaction between CDS and CDCC (interaction that can result in efficiencies for participants and other stakeholders). This is particularly true given the relatively small size of the Canadian market as compared to the markets that are served by our global clearing house peers. In the case of all nominees to the boards of directors, the respective Governance Committees7 must assess nominees to ensure that they each possess the appropriate competencies, skills, expertise and experience, when complemented by the other directors, to guide the strategies and business operations of the clearing house. The respective Governance Committees will continue to consider the independence, professional or board expertise, and other relevant expertise and experience of nominees. In particular, the selection criteria will continue to focus on identifying knowledgeable persons who understand the industry and have subject matter expertise in derivatives clearing and equities clearing. The objective will continue to be to ensure that the board’s composition provides an appropriate mix of skills and experience. Using mirror boards will not diminish in any way the broad skills and qualifications that the clearing houses seek in their board members. We acknowledge that the effect of the mirror boards is that every director will be a director of two clearing houses. CDS and CDCC are mindful that each director must be in a position to commit sufficient time to these directorships in order to successfully fulfil his or her director roles. The

6 CDS is defined as the “recognized clearing agency” in the CDS Recognition Orders.7 As discussed above, we note that the CDS and CDCC Governance Committees will be populated by the same individuals.

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clearing houses will ensure that each director is aware of the time commitment related to these directorships by clearly communicating expectations regarding directors’ responsibilities and workload before nominating an individual to the board. The clearing houses will schedule board and committee meetings in a manner that provides directors with sufficient time to fulfil their obligations to each clearing house. Given improved coordination among the clearing houses, as well as some of the dual CDS-CDCC oversight roles that are now undertaken by CDS and CDCC management, we are confident that the clearing house directors will be in a position to dedicate appropriate time to their director roles for both clearing houses.

We believe that using mirror boards at CDS and CDCC has the potential to enhance the ability ofsenior management at CDS and CDCC to manage risk, particularly by having the common President and a common Chief Risk Officer overseen by a common board of directors. We also believe that using mirror boards of directors has the potential to broaden the oversight capabilities of the CDS and CDCC board members. We discuss these opportunities in more detail below.

Enhanced risk management

A mirror board structure has the potential to improve the board’s oversight of the overall risk profile of CDS and CDCC. CDS and CDCC intend to integrate risk management operations across the two clearing houses,8 which will enable CDS and CDCC to manage risk effectively andconsistently across both entities.9 The integrated risk management operations, as well as improved coordination between the two clearing houses, will afford CDS and CDCC the opportunity to be more effective in certain scenarios, such as managing defaults. As the management of a clearing agency’s risk profile is a significant oversight topic for its board of directors, having mirror boards of directors will ensure that each board has a holistic view of the overall risk profile of CDS and CDCC. As CDS and CDCC move toward integrating risk management operations across the two clearing houses, a mirror board structure will enhance the board’s oversight of the overall risk profile of the two entities.

We note that the Companion Policy to National Instrument 24-102 Clearing Agency Requirements(the “Companion Policy”) emphasizes the importance of a consolidated entity managing risk appropriately across the entity. The Companion Policy states that a consolidated entity should have an appropriate risk management framework that considers the risks of each subsidiary and the additional risks related to their interdependencies. Further, consolidated entities should identify and manage the risks they pose to one another as a result of their interdependencies.10

CDS and CDCC believe that a mirror board structure aligns with this guidance and complies with the requirements in National Instrument 24-102 Clearing Agency Requirements (“NI 24-102”).

The Committee on Payments and Market Infrastructures of the International Organization of Securities Commissions (“CPMI IOSCO”) recently articulated that the board of a clearing house has ultimate responsibility for establishing a risk management framework and for the effectiveness of its implementation. In carrying out this responsibility, the board is not expected to itselfimplement the risk management framework or to carry out the day-to-day management of risks. Rather, the board, in discharging its ultimate responsibility over risk management matters, should work closely with the clearing house’s management.11 At each committee meeting, the Chief Risk

8 Certain integrations between the two clearing houses, including integration of risk management operations, may be subject to regulatory approval. We are not seeking regulatory approval for such integrations in this application.9 CDCC and CDS will continue to be separate legal entities with separate clearing funds. They will continue to have separate rule books and separate risk procedures for default management. 10 See Box 2.2 of Annex I to the Company Policy. 11 See Section 2.2 of the Final Report on the Resilience of Central Counterparties: Further Guidance on the PFMI

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Officer provides each entity’s Risk Management and Audit Committee (“RMAC”) with an update regarding the clearing house’s program for compliance with the Principles for Financial Market Infrastructures (“PFMIs”), including an update on the clearing house’s gap assessment and closure program. These activities will continue under the mirror board structure. Therefore, compliance with the PFMIs will continue to be a key area of focus for the boards of CDS and CDCC.

Enhanced operational oversight

A mirror board structure will enhance the board of directors’ oversight over the operations of each entity. The CDCC and CDS boards currently have four board members in common.12 Each board has found that these directors are able to provide the board with important insight into the operations of the clearing agency due to these dual roles. We expect that there will be strengthened cross-organizational oversight from a board structure that results in all directors having insight into the operations of both clearing houses. Additionally, since CDS and CDCC now have one President and one Chief Risk Officer, reporting to mirror boards of directors will ensure that the board has a comprehensive view of all aspects of these roles. Therefore, the mirror board construct will allow for consistency in operational decision-making across both clearing houses, with all board members having the benefit of all relevant information.

The recognized exchanges within TMX – TMX Group Limited, TMX Group Inc., TSX Inc., TSX Venture Exchange Inc., Montréal Exchange Inc. and Alpha Exchange Inc. – have mirror boards. TMX Group Limited’s undertakings to the AMF, the Alberta Securities Commission and the British Columbia Securities Commission require Montréal Exchange Inc. and TSX Venture Exchange Inc. to have mirror boards with TMX Group Limited. In this regard, one group of individuals is empowered with the oversight, including oversight of strategic development, of these entities. This construct enables the board members to ensure that they are provided with the appropriate level of information from each exchange, which gives the board members the knowledge to effectively oversee strategic decision-making for the organization. These strategic decisions can then be implemented in a consistent manner across the organization. Furthermore, we note that TMX’sdirectors are able to devote the amount of time required to fulfil their fiduciary obligations to six separate entities, including an entity that is a reporting issuer and publicly traded company.13 CDS and CDCC believe that a mirror board structure at the clearing house level will have similar benefits for these entities. CDS and CDCC believe that their directors will similarly be able to manage the time commitment associated with being members of the board of directors of more than one entity.14

Alignment of interests between CDS and CDCC

CDS and CDCC are aligned in terms of their risk management practices (including related to each entity’s designation as a systemically important clearing house) and as regulated entities that operate in the public interest. Due to their systemic importance, their public interest responsibilities, the interdependence of their operations discussed above, and the overlap with respect to their key stakeholders, CDS and CDCC’s interests are aligned. Each clearing house is under the common control of TMX Group Limited, which is ultimately accountable to regulators and the public. As noted above, CDCC is technically a participant of CDS. The board of directors

published in July 2017 by CPMI IOSCO.12 Jean Desgagné, Glenn Goucher, Pat Cronin and Lloyd Costley.13 We note that many of TMX’s directors are also members of the board of directors of other publicly traded companies. 14 For greater certainty, we note that CDS and CDCC are not proposing that CDS or CDCC have mirror boards with the recognized exchanges.

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of CDS may, therefore, consider the impact of corporate decisions on particular stakeholders, including CDCC, when considering what is in the best interests of the corporation. The reverse is also true for the board of directors of CDCC. CDS and CDCC believe that it is appropriate for the board of directors to consider such impacts, as long as the board of directors also considers the best interests of each corporation. The boards of directors would also need to be mindful of any potential conflicts of interest that could arise in the event of any related party transactions between CDS and CDCC. CDS and CDCC believe that it is unlikely that a circumstance will arise that would result in a potential conflict of interest between CDS and CDCC that would lead to board members being unable to fulfill their fiduciary obligations and public interest responsibilities with respect to each entity.

The governance arrangement we are proposing does not, apart from the potential dealings between CDS and CDCC resulting from CDCC's status as a participant of CDS, or a related party transaction, give rise to an inherent risk of a conflict of interest. The PFMIs lay out a number of specific board responsibilities, such as overseeing risk management, overseeing internal audit and ensuring compliance. CDS and CDCC do not believe that being a director of both entities will create a conflict for the director in carrying out his/her duties, since the approach of both CDS and CDCC to such issues is consistent. CDS and CDCC will ensure that their board members understand the PFMIs by providing training on these requirements, including the requirements regarding risk management. The PFMIs indicate that the key characteristic of independence is the ability to exercise objective, independent judgment after fair consideration of all relevant information and views and without undue influence from executives or from inappropriate external parties or interests. The mirror board structure proposed by CDS and CDCC fulfills these requirements.

The mirror board structure discussed above for TMX’s recognized exchanges permits independent directors on one board to qualify and count towards the necessary independence requirements on the affiliated board, and vice versa. Similarly, directors that are independent for the purposes of the TMX Group Limited board of directors are also considered independent for the purpose of the board of directors of Natural Gas Exchange Inc. In developing NI 24-102,regulators put in place governance requirements, including guidance with respect to independence requirements, which apply to all Canadian-recognized clearing agencies. NI 24-102 does not prevent independent directors of affiliated entities or participants from serving as independent directors on a clearing agency’s board even though it is common for clearing agencies to be part of a larger conglomerate that consists of other clearing agencies and exchanges. We note that other exchange/clearing conglomerates operating in Canada are not subject to restrictions imposed by Canadian securities regulators that are equivalent to paragraph (iii) of the definition of “independent” in the CDS Recognition Orders and the CDCC Recognition Order.

CDS submits that since the same individuals are considered independent directors for the purposes of the boards of directors of TMX Group Limited’s recognized exchanges and Natural Gas Exchange Inc., Canadian securities regulators have recognized that such an arrangement does not by itself create a conflict. Similarly, CDS submits that NI 24-102 and the guidance in Companion Policy do not appear to presume that a conflict of interest exists for a similar governance arrangement among clearing agencies.15 Therefore, CDS and CDCC believe that the Requested Variation Order complies with the regulatory standards applicable to Canadian clearing houses set out in NI 24-102 and the Companion Policy.

15 See Box 2.2 of Annex I to the Company Policy.

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Rationale for mirror board committees

As discussed above, having mirror boards of directors is an extension of the initiative that CDS and CDCC are currently undertaking to work more closely together. Having mirror board committees is the natural extension of the mirror board structure. Management of CDS and CDCC believe that it is in the public interest for CDS and CDCC to have their board committees operate on a mirror basis due to the level of overlap in the responsibilities and expertise required for the corresponding committees. Further, we believe that the alternative, having the correspondingcommittees of CDS and CDCC composed of different directors, would be unworkable.

Alignment of committee responsibilities

The responsibilities and expertise required of members of the CDS and CDCC RMACs are substantially similar. Similarly, the responsibilities and expertise required of members of the CDS and CDCC Governance Committees are the same. CDS and CDCC have worked together to make the charters for their respective Governance Committees and RMACs as similar as possible to the charters for the corresponding board committee of the other clearing house.16 There is consistency in the responsibilities and expertise required for the same committees of each board. Therefore, CDS and CDCC believe that the most efficient committee structure is the mirror board committee structure.

Both RMACs are charged with, among other things, assisting the board in fulfilling its risk management responsibilities, including assessing the clearing house’s risk management policies and procedures and the adequacy of and the adequacy of the implementation of appropriate procedures to mitigate and manage such risks. Members of each RMAC are required to possess experience or expertise in one or more of the following areas: internal risk controls, risk assessments and reporting, legal matters, government and public policy, accounting, risk management and corporate governance. As discussed above, risk management is a significant oversight topic for each of the CDS and CDCC boards. Therefore, having mirror RMACs will ensure that the same individuals have a detailed holistic view of the overall risk profile of CDS and CDCC. In contrast, not having mirror RMACs would fail to realize this significant benefit.

Similarly, both Governance Committees are charged with, among other things, assisting the board on matters related to corporate governance, including candidate selection and nomination,orientation of new board members and oversight of policies and procedures for the identification and resolution of conflicts of interest. Each Governance Committee reviews on an ongoing basis the composition of the board and is charged with identifying any gaps in the board’s composition and seeking to fill those gaps. Having mirror Governance Committees will ensure that these committees are engaging in coordinated reviews of the mirror board’s composition and are providing consistent recommendations in respect thereof to the board. Not having mirror Governance Committees would be less efficient and may result in inconsistent recommendations to the board.

Therefore, CDS and CDCC management have determined that having mirror board committees is the natural extension of having mirror boards of directors. The mirror board committee structure will facilitate the enhanced risk management and operational oversight of each clearing house.

16 The charters of the CDS and CDCC RMACs are the same except for a few matters specific to CDS that the CDS Recognition Orders require to be included in the CDS RMAC’s charter.

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Efficient use of time and expertise

The mirror board committee structure is the most efficient use of directors’ time and expertisegiven the mirror board structure that CDS and CDCC are proposing. CDS and CDCC are currently considering a board of directors composed of 12 individuals. As a group of 12 individuals will have to populate four board committees, many directors will be members of more than one board committee. It is the most efficient use of such directors’ time to be on the same board committee for each of CDS and CDCC. A mirror board committee structure will enable the same groups of directors to do in depth reviews of similar issues for each clearing house. Therefore, having mirror board committees, composed of the directors with the most relevant expertise to fulfil the responsibilities of the applicable committee, is the most efficient arrangement for a mirror board structure.

A mirror board committee structure will ensure that the directors with the most relevant expertise for each committee are members of the applicable committee of both the CDS and CDCC boards.A mirror board committee structure will enable the board to appoint the directors with the most relevant risk operations oversight expertise to the RMACs of both clearing houses, instead of having to divide such directors across two separate RMACs. The board will similarly be able to appoint the directors with the most relevant corporate governance expertise to both Governance Committees. Therefore, a mirror board committee structure is the most practical and effective manner to populate committees given the mirror board structure.

We note that the recognized exchanges within TMX have a mirror board committee structure for their Audit Committees, which enables the same groups of individuals to oversee similar issues at each exchange. This results in each committee member being a member of six Audit Committees. Due to the alignment of the responsibilities of each exchange’s Audit Committee and the expertise of the members of the Audit Committee, this is the most efficient and effective arrangement for each exchange. CDS and CDCC believe the same benefits will accrue to each clearing house from a mirror board committee structure.

Finally, CDS and CDCC will ensure that the composition of the RMACs of CDS and CDCC continues to comply with the independence requirements set out in NI 24-102 and the guidance in the Companion Policy.

Pro forma board composition

If the OSC grants the Requested Variation Order and the AMF provides similar relief, the mirror board of directors for CDS and CDCC will continue to meet the composition requirements in the CDS Recognition Orders and the CDCC Recognition Order. Based on the requirements applicable to the boards of CDS and CDCC, the composition of the mirror board of directors will be as follows:

33% of directors who are independent, where the term “independent” means a personwho is not:

o an associate, partner, director, officer or employee of a significant Mapleshareholder,

o an associate, partner, director, officer or employee of a participant of CDS or suchparticipant’s affiliated entities or an associate of such director, partner, officer oremployee,

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o an associate, partner, director, officer or employee of a marketplace or suchmarketplace's affiliated entities (other than CDS and CDCC) or an associate ofsuch partner, director, officer or employee, or

o an officer or employee of the CDS or CDCC or its affiliated entities or an associateof such officer or employee,

provided that a director shall not be considered to be non-independent solely on the ground that he or she is a director, or in the case of the chair of the board of directors only, an officer, of both CDS and CDCC;

o 33% of directors who are representatives of participants of CDS, of which:

o one who is a nominee of the Investment Industry Regulatory Organization ofCanada;

o one who is a nominee of TMX Group Limited selected from one of the five largestparticipants of CDS (with the participant and its affiliated entities aggregated forthis purpose);

o one who is a nominee of TMX Group Limited that, for so long as a Maplenomination agreement is in effect, is that is unrelated to original Mapleshareholders (as the terms “Maple nomination agreement” and “unrelated tooriginal Maple shareholders” are defined in the CDS Recognition Orders);

33% directors who are partners, directors, officers or employees of clearing members ofCDCC or affiliates of such members, be financially literate within the meaning of NationalInstrument 52-110 Audit Committees and have expertise in derivatives clearing, including:

o the chief executive officer of Montreal Exchange Inc., or such other officer oremployee of Montreal Exchange Inc. as is appointed by Montreal Exchange Inc.,notwithstanding that such person is not a partner, director, officer or employee ofa clearing member of CDCC or an affiliate of such member;

o two directors who are not partners, directors, officers or employees of a SignificantMaple shareholder (as defined in the CDCC Recognition Order) and who are, foras long as a Maple Nomination Agreement is in effect, unrelated to Original MapleShareholders (as the terms “Maple Nomination Agreement” and “Unrelated toOriginal Maple Shareholders” are defined in the CDCC Recognition Order);

the chief executive officer (i.e., President) of CDCC;

one director who is a representative of a marketplace unaffiliated with TMX Group Limitedand nominated by the marketplaces unaffiliated with TMX Group Limited;

25% of directors who are residents of Québec;

50% of directors who have expertise in derivatives clearing;

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50% of directors who have expertise in clearing and settlement; and

two directors who represent investment dealers that are independent of a bank and thathave a significant amount of their dealer activity in trading, clearing and settling securitieslisted on a venture exchange in Canada.

Conclusion

In conclusion, CDS submits that a mirror board structure will be beneficial to CDS and CDCC’s operations and the Canadian capital markets. We attach at Appendix A a draft variation order forthe Requested Variation Order.

Yours truly,

Deanna DobrowskyVice President, Regulatory

cc: Susan Greenglass, Ontario Securities CommissionÉlaine Lanouette, Autorité des marchés financiersDoug MacKay, British Columbia Securities Commission

October 12, 2017

(2017), 40 OSCB 8479

Index

Asiamet Resources Limited Order ......................................................................... 8263 Avnel Gold Mining Limited Order ......................................................................... 8262 Bank of Nova Scotia Order – s. 6.1 of NI 62-104 Take-Over Bids and Issuer Bids ................................................................ 8250 BMG Marketing Services Inc. Name Change ........................................................... 8429 BMO Nesbitt Burns Inc. Order – s. 6.1 of NI 62-104 Take-Over Bids and Issuer Bids ................................................................ 8256 Bullion Marketing Services Inc. Name Change ........................................................... 8429 Canada House Wellness Group Inc. Cease Trading Order ................................................ 8267 Canadian Depository for Securities Limited Clearing Agencies – Application to Vary the Recognition Order – Request for Comment .............. 8476 Canadian Imperial Bank of Commerce Order – s. 6.1 of NI 62-104 Take-Over Bids and Issuer Bids ................................................................ 8244 CDS Clearing and Depository Services Inc. Clearing Agencies – Application to Vary the Recognition Order – Request for Comment .............. 8476 CDS Clearing Agencies – Application to Vary the Recognition Order – Request for Comment .............. 8476 Companion Policy 94-101 Mandatory Central Counterparty Clearing of Derivatives Request for Comments ............................................. 8269 Easy Technologies Inc. Cease Trading Order ................................................ 8267 Ensoleillement Inc. Marketplaces – Application for Recognition as Exchanges – Notice and Request for Comment ....... 8431 Equiton Capital Inc. Change in Registration Category .............................. 8429 ETF Capital Management Change in Registration Category ............................. 8429

Jawhari, Khalid Walid Notice from the Office of the Secretary .................... 8229 Katanga Mining Limited Cease Trading Order ................................................ 8267 Kerr Mines Inc. Cease Trading Order ................................................ 8267 Nasdaq CXC Limited Marketplaces – Application for Recognition as Exchanges – Notice and Request for Comment ....... 8431 National Bank of Canada Order – s. 6.1 of NI 62-104 Take-Over Bids and Issuer Bids ................................................................ 8244 National Instrument 94-101 Mandatory Central Counterparty Clearing of Derivatives Request for Comments............................................. 8269 NS Partners Ltd. Change in Registration Category ............................ 8429 OSC Staff Notice 11-739 (Revised) – Policy Reformulation Table of Concordance and List of New Instruments Notice ....................................................................... 8227 Paladin Energy Ltd. Cease Trading Order ................................................ 8267 Performance Sports Group Ltd. Cease Trading Order ................................................ 8267 ReSolve Asset Management Inc. Change in Registration Category ............................ 8429 Samco Gold Limited Decision .................................................................... 8238 Sandvine Corporation Order ........................................................................ 8243 Order – s. 1(6) of the OBCA ..................................... 8266 Sears Canada Inc. Cease Trading Order ................................................ 8267 Taiga Building Products Ltd. Decision .................................................................... 8235 Toronto-Dominion Bank Order – s. 6.1 of NI 62-104 Take-Over Bids and Issuer Bids ................................................................ 8250 Order – s. 6.1 of NI 62-104 Take-Over Bids and Issuer Bids ................................................................ 8256

Index

October 12, 2017

(2017), 40 OSCB 8480

TSX Marketplaces – Housekeeping Amendments to Form 5 – Dividend/Distribution Declaration – Notice of Housekeeping Rule Amendments to the TSX Company Manual ........................................ 8474 VM Holding S.A. Decision .................................................................... 8231 ZoomMed Inc. Cease Trading Order ................................................ 8267

The Ontario Securities Commission OSC Bulletin October 12, 2017 Volume 40, Issue 41 (2017), 40 OSCB...

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Transcript of The Ontario Securities Commission OSC Bulletin October 12, 2017 Volume 40, Issue 41 (2017), 40 OSCB...