Defaulting Issuers

Additional documents, including Nova Scotia Cease Trade Orders, pertaining to a Defaulting Reporting Issuer may be found in Enforcement Proceedings.


Show all Defaulting Issuers (Total: 266 )

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DEFAULTING ISSUER Click to sort by PRNS Nature of Default
1608557 Ontario Inc. 1a 1b 1c 1e 3
1710 Holdings Ltd. 1a 1b 3
1763960 Nova Scotia Limited (ceased)(Grandview Golf & Country Club Limited Yes 1a 3 and 4
360Networks Inc. 1a 1b
Abacan Resource Corporation 1a 1b
Aboriginal Global Investment Fund 1a 1b
Admiral Inc. 1a 1b
Adventure Electronics Inc. 1a 1b
AFM Hospitality Corporation 1a 1b 3

The list is generally updated on a weekly basis. Please refer to NSSC Policy 51-601.

The notation “In Default” indicates that the issuer has failed to comply with a requirement of Nova Scotia securities law as at April 23, 2014.

Companies will be placed on the Defaulting Reporting Issuers List for:


Failure to file annual financial statements.
Failure to file interim financial statements.
Failure to file an annual or interim management’s discussion and analysis (MD&A) or an annual or interim management report of fund performance (MRFP).
Failure to file an Annual Information Form (AIF).
Failure to file a certification of annual or interim filings required by Multilateral Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings (MI 52-109).
Failure to file required proxy materials or a required information circular.
Failure to file an issuer profile supplement on the System for Electronic Disclosure by Insiders (SEDI).
Failure to file a material change report.
Failure to provide a written update after filing a confidential report of a material change.
Failure to file a business acquisition report.
Failure to file annual oil and gas disclosure prescribed by National Instrument 51-101 Standards of Disclosure of Oil and Gas Activities (NI 51-101) or technical reports for a mineral project required under NI 43-101 Standards of Disclosure for Mineral Projects (NI 43-101).
Failure to file a mandatory news release.
Failure to file corporate governance disclosure as required by national Instrument 58-101 Disclosure of Corporate Governance Practices (NI 58-101).
failure to file audit committee disclosure as required by Multilateral Instrument 52-110 Audit Committees (MI 52-110) or BC Instrument 52-509 Audit Committees.
Failure to include disclosure in an issuer’s MD&A relating to disclosure controls and procedures and their direct effectiveness that is referred to in a certificate filed under MI 52-109.
Financial statements of the reporting issuer, or the auditors’ report accompanying the financial statements, do not comply with the requirements of NI 51-102 Continuous Disclosure Obligations (NI 51-102), National Instrument 81-106 Investment Fund Continuous Disclosure (NI 81-106) or National Instrument 52-107 Acceptable Accounting Principles, Auditing Standards and Reporting Currency (NI 52-107).
The reporting issuer has acknowledged that its financial statements, or the auditors’ report accompanying the financial statements, may no longer be relied upon.
The reporting issuer’s AIF, MD&A, MRFP, information circular, or business acquisition reports do not contain information for each of the content items required by NI 51-102 or NI 81-106.
The reporting issuer’s technical disclosure or other reports do not comply with the disclosure requirements of NI 43-101 or 51-101.
Failure to pay a fee required by the Act or the regulations.
Failure to comply with any other requirement related to continuous disclosure.

Audrey BarkhouseTel: 424-5449

Corporate Finance Assistant Fax: 424-4625

22/07/2012, updated by NSSC Staff