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  • Replacement and Supplementary Document

    • OFS-5.1.10

      A supplementary or replacement prospectus is a prospectus that has the same wording as the original prospectus, except for the provision of new or additional information, or the correction of deficiencies in the original prospectus.

      January 2014

    • OFS-5.1.11

      A supplementary or replacement prospectus must be submitted to the CBB as soon as practicable if, during the validity period of a prospectus, the issuer becomes aware that the prospectus is deficient or outdated in that:

      (a) The prospectus contains a material statement that is false or misleading;
      (b) There is a material omission from the prospectus;
      (c) There has been a significant change affecting information in the prospectus; or
      (d) A significant new matter has arisen, and the prospectus content requirements would have required information on that matter to have been included in the prospectus, if the matter had arisen when the prospectus was being prepared.
      January 2014

    • OFS-5.1.12

      The supplementary and/or replacement prospectus must be approved by the CBB and published in summary form in accordance with Article 81(b) of the CBB Law.

      January 2014

    • OFS-5.1.13

      The supplementary or replacement prospectus may be used to correct, update or add to the original prospectus at any time before the date of the CBB approval and/or start of the offering period.

      January 2014

    • OFS-5.1.14

      All supplementary or replacement prospectuses must contain the following:

      (a) A statement that it is a supplementary or replacement prospectus;
      (b) An identification of the prospectus it supplements or replaces;
      (c) An identification of any previous supplementary or replacement prospectus in relation to the same offer;
      (d) A statement that it is to be read together with the prospectus, as well as any previous supplementary or replacement prospectus; and
      (e) A responsibility statement from the board of directors of the issuer.
      January 2014

    • OFS-5.1.15

      All supplementary and/or replacement prospectuses must clearly indicate the changes and revisions made.

      January 2014

    • OFS-5.1.16

      For purposes of Paragraph OFS-5.1.15, such changes must be made clear in all copies provided to the CBB and the investing public.

      January 2014