Discrepancy between SEDI records and Company MICs (Canadian markets specific)

[billybobjovialdechicoutimi]

Since I never encountered such a discrepancy, I thought I'd get input from all you smart folks who've been following Canadian capital markets.

 

Essentially we have a situation at BTB REIT (TSX:BTB_UN), where an insider, was deemed to be a 'director of the issuer' as far as SEDI was concerned from June 15th, 2021 to March 3rd, 2023 - her code is SLONARD002.

 

But... at the same time, despite that capacity as far as SEDI was concerned, SLONARD002's role as director, trustee or Named Executive Officer was nowhere disclosed in the company's Management Information Circulars of 2021, 2022 or 2023. Frankly the name of this insider was not mentioned at all anywhere and at anytime in any MIC or AIF, or anything, as far as I can tell.

 

This insider is also (in)conveniently the daughter of the CEO.

 

So my questions are:

 

1- Is it possible for a person to be considered an insider for SEDI but not an insider for the issuing company or any other regulators?

2- Is it possible for a person to be considered a 'director of the issuer' for SEDI but not a director/trustee for the issuing company or any other regulators?

3- Is it possible for a person to be considered an insider and/or 'director of the issuer' for SEDI (and the company and all other regulators), but not require any related disclosure to other unit/share-holders?

 

Thanks again for all your insights, this forum has been very insightful so far

Edited November 5 by billybobjovialdechicoutimi

[billybobjovialdechicoutimi]

bump... anyone?