Questions & answers
If the BCSC has issued a cease trade order against a company, can a British Columbia resident trade in the securities of that company while the cease trade order is in place?
No. BC residents may not trade in the securities of a cease-traded company until the cease trade order has been revoked by the BCSC. Cease trade orders remain in effect until a company files the required documentation and the Commission revokes the order. If an order remains outstanding for more than 90 days, the company must provide additional disclosure and comply with National Policy 12-202 Revocation of a Compliance-related Cease Trade Order.