Distributing corporation

A corporation incorporated under the CBCA that is a “reporting issuer” under provincial securities laws, has filed a prospectus or similar document to permit its shares to be publicly traded in Canada or any foreign jurisdiction, or the shares of which are listed on a stock exchange inside or outside of Canada. Distributing corporations are subject to a higher level of obligation under the Act. See CBCA, s. 2(1), and CBCA Regulation, s. 2(1)