67 (1) The Commission shall publish in its Bulletin notice of every rule that it proposes to make under section 65.  1999, c. 9, s. 47. Notice (2) The notice must include the following: 1.  The proposed rule. 2.  A statement of the substance and purpose of the proposed rule. 3.  A summary of the proposed rule. 4.  A reference to the authority under which the rule is proposed. 5.  A discussion of all alternatives to the proposed rule that were considered by the Commission and the reasons for not proposing the adoption of the alternatives considered. 6.  A reference to any significant unpublished study, report or other written materials on which the Commission relies in proposing the rule. 7.  A qualitative and quantitative analysis of the anticipated costs and benefits of the proposed rule. 8.  A reference to every regulation or provision in a regulation to be amended or revoked under section 65.  1999, c. 9, s. 47; 2019, c. 7, Sched. 10, s. 2. Exception (3) The Commission does not have to make reference to written material that, in the opinion of the Commission, should be held in confidence because it discloses intimate financial, personal or other information and the desirability of avoiding disclosure of the substance of it or its existence in the interests of any person or company affected outweighs the desirability of making it or knowledge of its existence available to the public.  1999, c. 9, s. 47. Representations (4) Upon publication of a notice under subsection (1), the Commission shall invite, and shall give a reasonable opportunity to, interested persons and companies to make written representations with respect to the proposed rule within a period of at least 60 days after the publication.  1999, c. 9, s. 47; 2023, c. 20, Sched. 4, s. 1. Exceptions to notice requirement (5) Publication of a notice is not required if, (a)  all persons and companies who would be subject to the proposed rule are named, the information set out in subsection (2) is sent to each of them and they and any other person or company whose interests are likely to be substantially affected by the proposed rule are given an opportunity to make written representations with respect to it; (b)  the proposed rule grants an exemption or removes a restriction and is not likely to have a substantial effect on the interests of persons or companies other than those who benefit under it; (b.1)  the rule is a rule made under clause 75 (3) (b) extending a class order exemption; (c)  what is proposed is only an amendment that does not materially change an existing rule; (d)  the Commission, (i)  believes that there is an urgent need for the proposed rule and that, without it, there is a substantial risk of material harm to investors or to the integrity of the capital markets, and (ii)  has the approval of the Minister to make the rule without publication of notice; or (e)  the proposed rule remakes an order, ruling or policy that was deemed to be a rule by the operation of section 66 without materially changing the effect or intent of the rule.  1999, c. 9, s. 47; 2019, c. 15, Sched. 7, s. 2. Publication (6) When a rule to which clause (5) (d) applies comes into force, the Commission shall publish in its Bulletin a statement setting out the substance and purpose of the rule and the nature of the urgency and the risk.  1999, c. 9, s. 47. Changes to proposal (7) If, following publication of the notice and consideration of the submissions, the Commission proposes material changes to the proposed rule, the Commission shall publish in its Bulletin notice of the proposed changes.  1999, c. 9, s. 47. Notice (8) The notice must include the following: 1.  The proposed rule with the changes incorporated. 2.  A concise statement of the purpose of the changes. 3.  The reasons for the changes.  1999, c. 9, s. 47. Representations re changes (9) Upon publication of a notice of changes, the Commission shall invite, and shall give a reasonable opportunity to, interested persons and companies to make written representations with respect to the changes within such period as the Commission considers appropriate.  1999, c. 9, s. 47. Making rule (10) In cases where a notice and comment process is required, the Commission may make the rule only at the end of the notice and comment process and after considering all representations made as a result of that process.  1999, c. 9, s. 47. Inspection of material (11) Section 63 applies to all written representations made under this section as if they were material required to be filed.  1999, c. 9, s. 47. Definition (12) In this section and in section 68, “rule” includes an amendment to and a revocation of a rule.  1999, c. 9, s. 47. Section Amendments with date in force (d/m/y) 1999, c. 9, s. 47 - 14/12/1999 2019, c. 7, Sched. 10, s. 2 - 29/05/2019; 2019, c. 15, Sched. 7, s. 2 - 10/12/2019 2023, c. 20, Sched. 4, s. 1 - 04/12/2023