PRIVACY STATEMENT

When you visit the NRD website at www.nrd.ca, move from page to page on the NRD website, read pages, make submissions or communications, access data, change data or download content onto your computer, the NRD website may record and collect the following information:

Cookies on the NRD website are small data files that are sent to your browser and stored in memory on your computer. On the NRD website, non-persistent cookies may be used only to facilitate functionality during a single site visit. Cookies do not contain personal information and are not permanently stored for future use. For added security, cookies are not used to remember user IDs and passwords when accessing secured pages.

The NRD administrator uses this information to identify possible improvements to the NRD website to make it easier for different types of visitors to access or submit information they require. As part of website operations, it may be necessary for the NRD administrator to share aggregate statistical information with its affiliates, agents, contractors, suppliers and/or the Canadian securities regulatory authorities and Canadian Investment Regulatory Organization on a need to know basis only. By using the NRD website, you are deemed to have provided your permission to the collection and use of aggregate statistical information for the purposes set out herein.

Some information to be submitted in NRD by a visitor with a user ID and password will contain personal information. However, unless otherwise indicated, none of the information collected is associated with a visitor as an individual.

The NRD administrator may modify this Privacy Statement at any time(s) without prior notice by posting a modified Privacy Statement on the NRD website.