Material Information
OFS-5.1.3
The
issuer must disclose any information that would be material to an investor's investment decision.January 2014OFS-5.1.4
In addition to the information prescribed under this Module, a
prospectus must include all such information within the knowledge of those preparing theprospectus so that investors may make an informed assessment.January 2014OFS-5.1.5
It is the responsibility of each
issuer and lead manager to determine the material information:(a) According to the particular nature of its own affairs and the nature and type ofsecurities for which an offering or listing is sought;(b) Necessary to enable a person who invests or seeks to invest insecurities to make an informed assessment of the activities, assets, liabilities, financial position, management and prospects of theissuer , and of its profits and losses and the rights attached to suchsecurities ; and(c) The implicit risk associated with such investment.January 2014OFS-5.1.6
For the purpose of Paragraph OFS-5.1.5, material information consists of both material facts and material changes related to the business and affairs of the
issuer , taking into account qualitative and quantitative facts, developments and events capable of influencing the offering or market price or value of issuedsecurities .January 2014