22 (1) The Authority shall publish notice of every rule that it proposes to make on the website of the Authority. 2017, c. 34, Sched. 16, s. 11. Notice (2) The notice must include the following: 1.  The proposed rule. 1.1  A reference to the authority under which the rule is proposed. 2.  A statement of the substance and purpose of the proposed rule. 3.  A summary of the proposed rule. 4.  A discussion of all alternatives to the proposed rule that were considered by the Authority and the reasons for not proposing the adoption of the alternatives considered. 5.  A reference to any significant unpublished study, report or other written materials on which the Authority relies in proposing the rule. 6.  A qualitative and quantitative analysis of the anticipated costs and benefits of the proposed rule. 7.  A description of any recommendations that the Authority proposes to make to the Minister with respect to the amendment or revocation of a regulation or provision in a regulation that relates to the implementation of the proposed rule. 2017, c. 34, Sched. 16, s. 11; 2018, c. 8, Sched. 11, s. 10; 2019, c. 7, Sched. 27, s. 5. Exception (3) The Authority does not have to make reference to written material that, in the opinion of the Authority, should be held in confidence because it discloses sensitive 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 affected outweighs the desirability of making it or knowledge of its existence available to the public. 2017, c. 34, Sched. 16, s. 11. Representations (4) Upon publication of a notice under subsection (1), the Authority shall invite, and shall give reasonable opportunity to, interested persons to make written representations with respect to the proposed rule within a period of at least 60 days after the publication. 2017, c. 34, Sched. 16, s. 11; 2023, c. 20, Sched. 8, s. 1. Exceptions to notice requirement (5) Publication of a notice is not required if, (a)  all persons 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 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 other than those who benefit under it; (c)  what is proposed is only an amendment that does not materially change an existing rule; or (d)  the Authority, (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 consumers, investors, pension plan beneficiaries, persons who establish pension plans or the integrity of a regulated sector, and (ii)  has the approval of the Minister to make the rule without publication of notice. 2017, c. 34, Sched. 16, s. 11. Publication (6) When a rule to which clause (5) (d) applies comes into force, the Authority shall publish a statement setting out the substance and purpose of the rule and the nature of the urgency and the risk on the website of the Authority. 2017, c. 34, Sched. 16, s. 11. Changes to proposal (7) If, following the publication of the notice and consideration of the submissions, the Authority proposes material changes to the proposed rule, the Authority shall publish notice of the proposed changes on the website of the Authority. 2017, c. 34, Sched. 16, s. 11. Notice of changes (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. 2017, c. 34, Sched. 16, s. 11. Representations re changes (9) Upon publication of a notice of changes, the Authority shall invite, and shall give a reasonable opportunity to, interested persons to make written representations with respect to the changes within such period as the Authority considers appropriate. 2017, c. 34, Sched. 16, s. 11. Making rule (10) In cases where a notice and comment process is required, the Authority 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. 2017, c. 34, Sched. 16, s. 11. Inspection of material (11) The Authority shall make all written representations made under this section available for public inspection during the normal business hours of the Authority. 2017, c. 34, Sched. 16, s. 11. Same (12) Despite subsection (11), the Authority may hold written representations in confidence so long as the Authority is of the opinion that the representations so held disclose sensitive financial, personal or other information and that the desirability of avoiding disclosure thereof in the interests of any person affected outweighs the desirability of adhering to the principle that representations made to the Authority be available to the public for inspection. 2017, c. 34, Sched. 16, s. 11. Interpretation (13) In this section and in section 23, “rule” includes an amendment to and a revocation of a rule. 2017, c. 34, Sched. 16, s. 11. Section Amendments with date in force (d/m/y) 2017, c. 34, Sched. 16, s. 11 - 28/09/2018 2018, c. 8, Sched. 11, s. 10 (1, 2) - 08/06/2019; CTS 04 SE 18 - 4 2019, c. 7, Sched. 27, s. 5 - 08/06/2019 2023, c. 20, Sched. 8, s. 1 - 04/12/2023