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Amend Security Designation or Ownership Type
| Note |
You can only amend the security designation not the security category. In SEDI a security category and a security designation must be chosen when setting up a new security in the list of outstanding securities for the issuer.
A security Category is one of :
- equity
- debt or
- derivatives
A security designation can be many things, such as common shares, options, convertible debentures or preferred shares.
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| Ownership Types |
A description of the three ownership types follow:
Type |
Description |
| Direct |
You can hold securities directly. For example, you can hold the securities in an account with your broker, but the account is in your name.
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| Indirect |
You can hold the securities indirectly. For example, you beneficially own common shares in X Co. but the registered owner is another entity such as a holding company, an RRSP or a family trust. |
| Control or Direction |
ou have control or direction over the securities if you, directly or indirectly, through any contact, arrangement, understanding or relationship or otherwise have or share:
- voting power, or
- investment power.
This would include having control or direction over the securities through a power of attorney, a grant of limited trading authority, or management agreement.
For example, you set up a trust for your children in which Co. X securities are held. Because of your relationship with your minor children, you need to report your children's holdings, because you could direct your children to purchase or sell those securities. This may also be the case if your spouse (or any other person related to you) owns the securities, but you have control or direction over those securities.
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| How to Amend the Security Designation or Ownership Type |
Steps to amend a security designation or ownership type follow:
Step |
Action |
1 |
Click Insider report in the top right navigation bar
The Introduction to report activities (Form 55-102F2) screen opens
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2 |
Click Amend or Delete Insider report in the left navigation bar
The Amend or Delete Insider Report - Select Issuer screen opens
Select an issuer using the radio button
Click Amend or Delete Insider Report to Show All Transactions
OR
To narrow your search, use the drop-down list boxes to enter a month and day, and enter a 4-digit year, in Starting on and Ending on fields and then click Amend or Delete Insider Report
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3 |
The Amend or delete insider report - View Search results screen opens
Click the radio button beside the transaction that you want to amend.
The transactions are sorted by: transaction number, date of transaction, filing date, registered holder, security designation, nature of transaction, opening balance of securities held, number or value acquired or disposed of, closing balance and general and private remarks.
Click Amend security
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4 |
OPTIONAL - Click View issuer event reports if you would like to see the issuer event reports
The View issuer event report screen opens
Click Next
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5 |
The Amend insider report - Select security designation screen opens
Click radio button beside the security which you want to amend a report in the Outstanding securities list
Click Next
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6 |
The Amend insider report - Select ownership type and registered holder screen opens
Use the drop-down list box to specify an Ownership type for the selected securities
| If the Ownership type is |
then |
| direct |
skip the Registered Holder section and click Next |
| indirect |
select a registered holder from the Registered holder list box and click Next |
| control or direction |
select a registered holder from the Registered holder list box and click Next |
If the desired registered holder does not appear in the list, click Add new holder to move to the Add registered holder screen.
Type the name of the registered holder in the Registered holder field then click Add registered holder
The Add registered holders screen re-opens, the registered holder is added to your Master and local lists
Click Next
The Select ownership type screen re-opens
Select the registered holder from the list of registered holders and Click Next
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7 |
The Amend insider report - Enter transaction information screen opens
Amend the transaction information in the report, if applicable
Click Next
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8 |
The Amend insider report - final review screen opens
Review the details of the transaction
Click Certify
The Certification screen opens
Click OK to accept the certification
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9 |
The Completed screen opens
Note: if you would like a printed version of this report with a date and time stamp, click on printer friendly version
Indicate whether your are finished filing the insider report
If you are |
then |
finished |
click No to finish filing the report and return to the Introduction to insider report activities screen and click Logout in the top navigation bar. |
not finished |
select same issuer or different issuer and then click Yes to continue filing another amendment. |
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