Regulations :
Canadian securities regulations require that all dealers, when trading in their
own securities or securities of issuers to which they, or other parties related to them, are
related or connected, do so only in accordance with certain rules, in particular with regard
to disclosure. In certain provinces or territories, these rules require dealers to inform their
clients of the relationship and connections with the issuer of the securities prior to trading
on their behalf or advising them with regard thereto. Clients should refer to the applicable
provisions for the particulars of these rules and their rights, or consult a legal advisor. Informations : National Bank Direct Brokerage Inc. shall advise the client as follows :
| 1. |
National Bank Direct Brokerage Inc. is a wholly owned subsidiary of National Bank of Canada. |
| 2. |
National Bank Direct Brokerage Inc. is an unrestricted practice broker registered under securities
regulations in the following provinces: Alberta, Manitoba, Nova Scotia,
Saskatchewan, Quebec, Ontario, New Brunswick, Prince Edward Island and
British Columbia. |
| 3. |
National Bank of Canada is an issuer related to National Bank Direct Brokerage Inc. |
| 4. |
In order to comply with the disclosure rules mention above, National Bank Direct Brokerage Inc.
shall deliver to the client, upon opening an account or at his request, the following list of the
entities that are considered to be issuers related to it. |
List of the entities that are considered to be issuers related
| Related Registrants * |
| |
| NBC Alternative Investments Inc. |
| CABN Investments Inc. |
| National Bank Direct Brokerage Inc. |
| NBF Securities (USA) Corp. - in United States only |
| National Bank Financial Inc. |
| National Bank Financial Ltd. |
| Innocap Investment Management Inc. |
| Natcan Investment Management Inc. |
| National Bank of Canada Financial Inc. - in United States only |
| NBCN Inc. |
| NBF International S.A. - in Switzerland only |
| National Bank Securities Inc. |
| Natcan Trust Company |
| National Bank Trust Inc. |
| |
| PI Financial Corp. |
| Wellington West Capital Inc. |
| Wellington West Capital Markets Inc. |
| Wellington West Financial Services Inc. |
| Wellington West Total Wealth Management Inc. |
| |
| * direct or indirect ownership of more than 10% of any class or series of voting securities of these entities |
| |
| Related or Connected Issuers |
| |
| National Bank of Canada: National Bank of Canada is a bank incorporated under the Bank Act (Canada) and is a reporting issuer that holds indirectly 100% of the voting and equity shares of the Corporation. |
| NBC Asset Trust: This trust is a closed-end trust whose voting units are held by National Bank of Canada. Consequently, NBC Asset Trust is deemed to be a related issuer. |
| NBC Capital Trust: This trust is an open-end trust whose voting units are held by National Bank of Canada. Consequently, NBC Capital Trust is deemed to be a related issuer. |
| Altamira Funds: National Bank Securities Inc., an indirectly wholly-owned subsidiary of National Bank of Canada, is the manager of the Altamira Funds and acts as principal distributor of the Altamira Funds. Natcan Investment Management Inc., a partly owned subsidiary of National Bank of Canada, is the portfolio manager of some of Altamira Funds. Altamira Funds include Altamira Dividend Fund Inc. and Altafund Investment Corp., mutual funds indirectly controlled by National Bank of Canada. |
| National Bank Securities Mutual Funds (including the Omega Funds): National Bank Securities Inc., an indirectly wholly-owned subsidiary of National Bank of Canada, is the manager of all National Bank Mutual Funds (including the Omega Funds). Natcan Investment Management Inc., a partly owned subsidiary of National Bank of Canada, is the portfolio manager of all National Bank Mutual Funds (including the Omega Funds). National Bank Strategic Yield Class Fund of National Bank Mutual Funds is offered through National Bank Funds Corporation, a mutual fund indirectly controlled by National Bank of Canada. |
| The Natcan QSSP II Investment Fund Inc.: Natcan Investment Management Inc., a partly owned subsidiary of National Bank of Canada, is the manager of The Natcan QSSP II Investment Fund Inc. All Class B Shares, which are voting shares, are held by Natcan Investment Management Inc. National Bank Financial Inc., an indirectly wholly-owned subsidiary of National Bank of Canada, is the principal distributor of The Natcan QSSP II Investment Fund Inc. |
| Emissary and Diplomat Portfolios: NBF Emissary Turnkey Solution LP, a 99,99% directly owned subsidiary of National Bank Financial Inc., itself an indirectly wholly-owned subsidiary of National Bank of Canada (the remaining 0,01% is directly owned by NBF Turnkey Solutions Inc., a directly wholly-owned subsidiary of National Bank Financial Inc.), is the manager and trustee of the Emissary and Diplomat Portfolios. |
| Meritage Portfolios® : National Bank Securities Inc., an indirectly wholly-owned subsidiary of National Bank of Canada, is the manager of the Meritage Portfolios® . Natcan Trust Company, a wholly-owned subsidiary of National Bank of Canada, is the portfolio manager of all Meritage Portfolios® . |
| |
|
© NATIONAL BANK OF CANADA. All rights reserved 2008.