Clause 50

by deleting the words “offer to the public of shares in or debentures of, or units of shares in or debentures of, a corporation for subscription or purchase, or an invitation to the public to subscribe for or purchase shares in or debentures of, or units of shares in or debentures of, a corporation” in the 1st to 5th lines of subsection (1) and substituting the words “offer of securities”;

by deleting paragraph (a) of subsection (1) and substituting the following paragraph:“(a)the following particulars:

identification of the person making the offer and, where the person making the offer is not the issuer, the issuer and, where applicable, the underlying entity;

identification of the persons signing the profile statement;

the nature of the securities;

the nature of the risks involved in investing in the securities;

details of all amounts payable in respect of the securities (including any amount by way of fee, commission or charge);”;

by deleting paragraph (c) of subsection (1) and substituting the following paragraph:“(c)a statement that the persons referred to in section 240(4A) who have signed the profile statement are satisfied that the profile statement contains a fair summary of the key information in the prospectus.”;

by deleting the words “or matter” in subsection (2)(a); and

by inserting, immediately after subsection (2), the following subsection:“(3) For the purposes of subsection (2)(a), the reference to a statement shall include a reference to any information presented, regardless of whether such information is in text or otherwise.”.