PART IV - SHARES, DEBENTURES AND CHARGES DIVISION 1 - PROSPECTUSES
Section 39B. Relief from requirements as to form and content of a prospectus.
(1) Without prejudice to subsection 37(2), the Registrar may, on the application in writing by any person referred to under subsection 37(1), make an order relieving him or approving any variation from the requirements of this Act relating to the form and content of a prospectus.
(2) In making an order under subsection (1), the Registrar may impose such terms and conditions as he deems fit.
(3) The Registrar shall not make an order under subsection (1) unless he is satisfied, having considered the nature and objectives of the corporation, that -
(a) such relief or variation shall not cause the non-disclosure to the public of information necessary for the assessment of the investment in the shares or debentures of the corporation, as the case may be; and
(b) compliance with the requirements, for which such relief or variation is applied for, would impose unreasonable burden on the applicant.
(4) A prospectus shall be deemed to have complied with all the requirements of this Act relating to the form and content of a prospectus if it is issued in compliance with an order made under subsection (1).