MI 62-104 definition

MI 62-104 means Multilateral Instrument 62-104 — Take-Over Bids and Issuer Bids, as amended or replaced from time to time;
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MI 62-104 means Multilateral Instrument 62-104 Take-Over Bids and Issuer Bids;
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MI 62-104 means Multilateral Instrument 62-104 – Take-Over Bids and Issuer Bids;
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Examples of MI 62-104 in a sentence

  • We have proposed certain consequential changes to NP 62-103 to provide policy guidance in respect of the proposed amendments to MI 62-104.

  • SUBSTANCE AND PURPOSE OF THE PROPOSED MARKET PRICE AMENDMENT The normal course issuer bid exemption set out in paragraph 4.8(3)(c) of MI 62-104 (the Other Published Markets Exemption) requires that the value of the consideration paid by the issuer not be in excess of the “market price” at the date of acquisition, as determined in accordance with section 1.11 of MI 62-104.

  • Accordingly, the Proposed Market Price Amendment amends subsection 1.11(3) of MI 62-104 so that the alternative meaning of “market price” in that subsection also applies for the purposes of the Other Published Markets Exemption.

  • Subsection 1.11(3) of MI 62-104, which applies to normal course purchases made during the currency of a take-over bid, provides an alternative meaning for market price, being the price of the last standard trading unit of securities of that class purchased by a person who was not acting jointly or in concert with the offeror.

  • As currently drafted, section 1.11 of MI 62-104 determines “market price” with reference to an average of the closing price, highest and lowest prices, closing bid and ask prices, as applicable, over a preceding 20 business day period.


More Definitions of MI 62-104

MI 62-104 means Multilateral Instrument 62-104, Take-Over Bids and Issuer Bids, of the Canadian Securities Administrators;
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MI 62-104 means Multilateral Instrument 62-104 – Take-Over Bids and Issuer Bids of the Canadian Securities Administrators;
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MI 62-104 means Multilateral Instrument 62-104, Take-Over Bids and Issuer Bids adopted by certain of the Canadian securities regulatory authorities, as it may be amended from time to time and including any successor instrument thereto (including, without limitation, National Instrument 62-104, Take-Over Bids and Issuer Bids proposed to come into force on or about May 9, 2016);
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MI 62-104 means Multilateral Instrument 62-104 adopted by the British Columbia Securities Commission effective February 1, 2008, as amended from time to time and any comparable or successor laws, rules or regulations thereto;
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MI 62-104 means Multilateral Instrument 62-104 Take-over Bids and Issuer Bids and any successor instruments thereto;
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MI 62-104 means Multilateral Instrument 62-104 - Take-Over Bids and Issuer Bids of the Securities Regulators (other than the Ontario Securities Commission), as amended or replaced;
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MI 62-104 means Multilateral Instrument 62-104 – Take-Over Bids and Issuer Bids adopted by certain of the Canadian securities regulatory authorities, as it may be amended from time to time and including any successor instrument thereto (including, without limitation, National Instrument 62-104 – Take-Over Bids and Issuer Bids proposed to come into force on or about May 9, 2016).
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