38 (1) No person or company, with the intention of effecting a trade in a security, other than a security that carries an obligation of the issuer to redeem or purchase, or a right of the owner to require redemption or purchase, shall make any representation, written or oral, that he, she or it or any person or company, (a) will resell or repurchase; or (b) will refund all or any of the purchase price of, such security.  R.S.O. 1990, c. S.5, s. 38 (1). Representation prohibited, derivatives (1.1) No person or company, with the intention of effecting a trade in a derivative, shall make any representation, written or oral, that he, she or it or any other person or company will refund any amount paid in respect of the derivative, unless the terms of the derivative provide for a refund or provide a right to a party to require a refund.  2010, c. 26, Sched. 18, s. 25 (1). Future value (2) No person or company, with the intention of effecting a trade in a security or derivative, shall give any undertaking, written or oral, relating to the future value or price of the security or derivative.  2010, c. 26, Sched. 18, s. 25 (2). Listing (3) Subject to the regulations, no person or company, with the intention of effecting a trade in a security or derivative, shall, except with the written permission of the Director, make any written or oral representation that the security or derivative will be listed on an exchange or quoted on a quotation and trade reporting system, or that application has been or will be made to list the security or derivative on an exchange or quote the security or derivative on a quotation and trade reporting system, unless, (a) in the case of securities, application has been made to list or quote the securities and other securities issued by the same issuer are already listed on an exchange or quoted on a quotation and trade reporting system; or (b) the exchange or quotation and trade reporting system has granted approval to the listing or quoting of the securities or derivatives, conditional or otherwise, or has consented to, or indicated that it does not object to, the representation.  2010, c. 26, Sched. 18, s. 25 (3). Application of section (4) This section does not apply to a representation referred to in subsection (1) or (1.1) if the representation is contained in an enforceable written agreement and, (a) in the case of a representation in respect of a security, the security has a total acquisition cost of more than $50,000; or (b) in the case of a representation in respect of a derivative, the derivative is in a class of derivatives prescribed by the regulations.  2010, c. 26, Sched. 18, s. 25 (4). Section Amendments with date in force (d/m/y) 1999, c. 9, s. 204 - 14/12/1999 2010, c. 26, Sched. 18, s. 25 (1-4) - 08/12/2010 39 Repealed:  2009, c. 18, Sched. 26, s. 8. Section Amendments with date in force (d/m/y) 2009, c. 18, Sched. 26, s. 8 - 28/09/2009 40 Repealed:  2009, c. 18, Sched. 26, s. 8. Section Amendments with date in force (d/m/y) 2009, c. 18, Sched. 26, s. 8 - 28/09/2009 41 Repealed:  2009, c. 18, Sched. 26, s. 8. Section Amendments with date in force (d/m/y) 2009, c. 18, Sched. 26, s. 8 - 28/09/2009 42 Repealed:  1999, c. 9, s. 205. Section Amendments with date in force (d/m/y) 1999, c. 9, s. 205 - 14/12/1999