Legal proceedings
fix(governance): close legal-proceedings cross-link gap to the disclosed BCSC cease-trade order
@@ -7,12 +7,12 @@ index_group: conflicts-and-required-disclosures type: topic content_type: topic quality: complete short_description: "Legal proceedings disclosure: standard template confirming pending litigation status as of the last reporting update, reviewed each period." short_description: "Legal proceedings disclosure: the standard reporting-issuer statement, current only as of the last filing date, alongside the one partnership-level regulatory action already disclosed elsewhere in this wiki." status: active audience: public bcsc_class: public-disclosure-safe language_protocol: PROSE-TOPIC last_edited: 2026-08-27 last_edited: 2026-09-05 editor: pointsav-engineering paired_with: legal-proceedings.es.md --- @@ -41,6 +41,19 @@ described in [[experts|Experts]]. A change in status is reported through the mat reporting process described in [[about-material-change-reporting|Material Change Reporting]] at the time it occurs, and reflected here as background context at the next scheduled review. ## Regulatory actions Separately from the current-period statement above, this wiki discloses one known regulatory action at the vehicle level: Professional Centres Canada LP is currently subject to a cease-trade order issued by the British Columbia Securities Commission (BCSC), arising from delayed continuous-disclosure filings rather than any finding of fraud or misconduct. The partnership has no current limited partners for whom this order is an active transaction condition. The partnership must bring its outstanding filing obligations current and obtain the BCSC's revocation before any future offering of units can close. See [[professional-centres-canada-lp-structure|Professional Centres Canada LP — Direct-Hold Solution Structure]] for the full disclosure at the partnership level. ## What counts as a material legal proceeding Not every legal dispute a company or its subsidiaries encounters rises to the level of a @@ -74,3 +87,4 @@ incorporation. - [[material-contracts|Material Contracts]] — the parallel AIF disclosure item for significant agreements - [[about-material-change-reporting|Material Change Reporting]] — the immediate disclosure process for material developments - [[statutory-rights|Statutory Rights]] — investor rights relevant to disclosure accuracy - [[professional-centres-canada-lp-structure|Professional Centres Canada LP — Direct-Hold Solution Structure]] — the full regulatory-standing disclosure for the one vehicle currently subject to a BCSC order