Register and index must be kept up to date: subsection 1306(4A) of the Act
9.4A.02 Register and index must be kept up to date: subsection 1306(4A) of the Act
A corporation that is an issuer in relation to a financial product and that is required to keep 1 or more registers must ensure that the registers and indexes (if any) are, at any time, not more than 20 business days out of date.
If a person notifies a corporation that is an issuer in relation to a financial product and that is required to keep 1 or more registers that the person wishes to inspect a register or index, the corporation must ensure that, at the beginning of the business day following the day on which it receives the notice, the register or index that the person wishes to inspect is not more than 5 business days out of date.
This Act’s bill:Explanatory statement
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