(1) In this Part, “public company” has the same meaning as in the Companies Act.
(2) From the commencement of this Act, all public companies will become reporting issuers and shall, within 90 days from that date, or within such other period as the Commission may specify, file with the Commission a registration statement in the form specified by the Commission.
(3) A company which proposes to issue securities to the public shall register with the Commission as a reporting issuer and file a registration statement in the form and within the period specified by the Commission.
(4) A reporting issuer shall amend its registration statement annually so that the information contained is current as at the end of its most recent financial year.
(5) Where a reporting issuer ceases to be a public company, it shall forthwith automatically cease to be a reporting issuer.