The securities division of The Manitoba Securities Commission protects investors and promotes fair and efficient capital markets throughout the province by conducting operations including registrations, processing of applications and prospectuses, preparing matters for the referral to the Commissioners and conducting investigations, prosecutions and other hearings.
This section explains the ongoing filing obligations of insiders of a reporting issuer (such as directors and senior officers) as well as insider-related filings by a reporting issuer.
This section also explains how you can retrieve Insider Trade Reports, Issuer Event Reports, and Issuer Grant Reports.
When an issuer begins to sell securities to the public, it becomes a reporting issuer and its insiders (such as directors and senior officers) must report all trades they make in the issuer’s securities. Trades include acquisitions and dispositions of equity and debt, and the granting and exercising of options, warrants, and rights. Trades must be reported within five calendar days unless an exemption is available.
Reporting issuers also must disclose any issuer events through an Issuer Event Report, which notifies insiders and members of the public about a stock dividend, stock split, consolidation, amalgamation, reorganization, merger, or other similar event that affects the entire class of securities of a reporting issuer in the same way.
Reporting issuers may report issuer grants if they wish to make the related exemption available to their insiders. as compensation to insiders for services rendered. An Issuer Grant Report publicly discloses the details of compensation arrangements, under which the issuer grants cash, securities, or related financial instruments (including options, stock appreciation rights, phantom shares, restricted shares, restricted share units, deferred share units, performance units, performance shares, stock, stock dividends, warrants, convertible securities, or similar instruments)as compensation to insiders for services rendered.
Public Documents
All Insider Trade Reports, Issuer Event Reports, and Issuer Grant Reports are available on the System for Electronic Disclosure by Insiders (SEDI).