Vol. 132, No. 26 — December 23, 1998

Registration
SOR/98-598 11 December, 1998

BROADCASTING ACT

Regulations Amending the Radio Regulations, 1986

Whereas, pursuant to subsection 10(3) of the Broadcasting Act(see footnote a), a copy of the proposed Regulations Amending the Radio Regulations, 1986, substantially in the annexed form, was published in the Canada Gazette, Part I, on August 8, 1998, and a reasonable opportunity was thereby given to licensees and other interested persons to make representations to the Canadian Radio-television and Telecommunications Commission with respect to the Regulations;

Therefore, the Canadian Radio-television and Telecommunications Commission, pursuant to subsection 10(1) of the Broadcasting Act(see footnote b), hereby makes the annexed Regulations Amending the Radio Regulations, 1986.

Hull, Quebec, December 9, 1998

REGULATIONS AMENDING THE RADIO REGULATIONS, 1986

AMENDMENTS

1. (1) The definition "common shares"(see footnote 1) in subsection 11(1) of the Radio Regulations, 1986(see footnote 2) is replaced by the following:

"common shares" means the shares that represent the residual equity in the earnings of the corporation, and includes securities that are convertible into such shares at all times at the option of the holder and the preferred shares to which are attached rights to participate in the earnings of the corporation with no upper limit. (actions ordinaires)

(2) Paragraph 11(4)(d)(see footnote 3) of the Regulations is replaced by the following:

(d) another A.M. or F.M. licensee that broadcasts in the same market and in the same language as the licensee, an associate of that other licensee or that other licensee together with its associate, who owns less than

COMING INTO FORCE

2. These Regulations come into force on the day on which they are registered.

EXPLANATORY NOTE

(This note is not part of the Regulations.)

The purpose of these amendments is

(a) to require prior Commission approval before a licensee acquires common shares in another station operating in the same market in the same language; and

(b) to include the notion of a security convertible into shares in the definition of "common shares".

Footnote a

S.C. 1991, c. 11

Footnote b

S.C. 1991, c. 11

Footnote 1

SOR/93-355

Footnote 2

SOR/86-982

Footnote 3

SOR/96-324

NOTICE:
The format of the electronic version of this issue of the Canada Gazette was modified in order to be compatible with extensible hypertext markup language (XHTML 1.0 Strict).