Form F-7 (17 CFR 239.37) is a registration form under the Securities Act of 1933 (the âSecurities Actâ) pertaining to Canadian issuers under the Multijurisdictional Disclosure System. Form F-7 is used for the registration of securities offered for cash upon the exercise of rights to purchase or subscribe for such securities granted to existing security holders of the registrant. Form F-7 is available to any registrant that is incorporated or organized under the laws of Canada or any Canadian province or territory, is a foreign private issuer, has had a class of securities listed on a designated Canadian exchange for the 12 calendar months immediately preceding the filing of this Form, has been subject to the continuous disclosure requirements of any securities commission or equivalent regulatory authority in Canada for a period of at least 36 calendar months immediately preceding the filing of this Form, and is currently in compliance with the obligations arising from such listing and reporting. This Form is designed to facilitate cross-border transactions by eligible Canadian issuers.
The disclosure items of Form F-7 reflect the Commissionâs experience and best judgment as to information regarding an issuer and the offering that should be required to be disclosed to prospective investors.
The information collected is intended to ensure the adequacy of information available to investors in connection with securities offerings. The information on Form F-7 is used by security holders, investors, broker-dealers, investment banking firms, professional securities analysts, and others in evaluating securities and when making investment decisions with respect to such securities. Also, all investors benefit indirectly from submissions on Form F-7, as direct users effect transactions in securities on the basis of current information about the issuerâs business and operations included in such filings, thereby causing the market prices of the securities to reflect such information.
The decrease in burden of 2 hours and the decrease of $3,600 in cost burden are due to an adjustment. The decrease in both the burden hours and the decrease in cost burden reflects a decrease in the estimated number of annual Forms F-7 responses (from 5 responses to 3 responses).
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.