Clause 150

by inserting, immediately after the word “securities” wherever it appears in subsections (1), (2), (3), (4) and (6), the words “or securities‑based derivatives contracts”;

by deleting subsection (1A) and substituting the following subsection:“(1A) The reference to the sale of securities or securities‑based derivatives contracts under subsection (1) includes —

where the securities or securities‑based derivatives contracts initially acquired are debentures, or units of shares or debentures, with an attached right of conversion into shares or debentures, a reference to the sale of the converted shares or debentures; and

where the securities or securities‑based derivatives contracts initially acquired are derivatives of units in a business trust, with an attached right of conversion into units in the business trust, a reference to the sale of the units in the business trust.”; and

by deleting subsection (7) and substituting the following subsection:“(7) Subsections (1), (3) and (4) do not apply where the securities or securities‑based derivatives contracts of the corporation that are acquired are of the same class as other securities or securities‑based derivatives contracts of the corporation —

that are listed for quotation on an approved exchange; and

in respect of which any offer information statement, introductory document, shareholders’ circular for a reverse take‑over, document issued for the purposes of a scheme of arrangement, or any other similar document approved by an approved exchange, was issued in connection with —

an offer of those securities or securities‑based derivatives contracts; or

the listing for quotation of those securities or securities‑based derivatives contracts.”.