REGULATION 2.62 TIME FOR COMPLIANCE  
2.62(1) Meaning of `event ' in subregulations (2) and (3).  

For the purposes of subregulations (2) and (3), `event ' means:

(a) an event referred to in subregulation 2.63(1); or

(b) the receipt of a notice of non-compliance referred to in regulation 2.64;

whichever is applicable.

2.62(2) Significant event information - general rule.  

The time within which the trustee of a PST must give information under this Subdivision about an event to a unit-holder or class of unit-holders is:

(a) before the expected occurrence, or as soon as practicable after the occurrence, of the event; or

(b) in any case, within 3 months after the occurrence of the event.

2.62(3) Significant event information - event not adverse.  

Despite subregulation (2), the information may be given more than 3 months after the occurrence of the event if:

(a) the trustee reasonably believes that the event is not adverse to the unit-holder's interests and accordingly the unit-holder would not be expected to be concerned about the delay in giving the information; and

(b) the information is given no later than 12 months after the occurrence of the event.

2.62(4) Meaning of `event ' in subregulation (5).  

For the purposes of subregulation (5), `event ' means:

(a) a decision of the trustee; or

(b) the winding-up or termination of the PST;

whichever is applicable.

2.62(5) Significant event information - unit-holder expects to be informed before event.  

Where a unit-holder would reasonably expect to be informed of an event before it occurs, the trustee of a PST must give the information to the unit-holder as soon as practicable after it becomes reasonable for the trustee to expect that the event will happen (except that the information need not be given more than 3 months before the expected date of the event).