Free tools Windows power users keep installed
One-click scans. No signup required.
The British Columbia Securities Commission (BCSC) issued a failure-to-file cease trade order against A.C.L. Construction Ltd. (ACL) on October 5, 2026, after the company missed a deadline for annual filings. ACL said the deadline was September 28 and attributed the delay primarily to revenue-recognition matters. Its stated November 27 target for remedying the default is a forecast, not confirmation that filings have been made or the order lifted.
Why did ACL receive a cease trade order?
ACL said the BCSC, its principal regulator, issued the failure-to-file cease trade order (FFCTO) on October 5. The company announced the order on October 6. The missed filings relate to the financial year ended May 31, 2026:
- Audited annual financial statements
- Related management’s discussion and analysis (MD&A)
- CEO and CFO certificates
ACL said these filings were due September 28, 2026. In its September 28 announcement, the company said the delay related primarily to revenue. It reported that, in consultation with its auditor, it had determined that the revenue-recognition policy used in prior years could not continue into the current fiscal year. At that time, ACL said it had not determined whether a restatement would be required. This is the company’s account; it does not establish that a restatement is required or that prior statements have been restated. ACL’s September 28 announcement
What kind of order did the BCSC issue?
ACL said it applied for a temporary management cease trade order (MCTO), but that application was not accepted. It then reported that the BCSC issued an FFCTO. The difference matters: the requested MCTO would have restricted specified management, while ACL described the issued FFCTO as generally prohibiting all persons from directly or indirectly trading the company’s securities.
#1 Best Overall
- Virginia NASCLA Contractors Guide to Business, Law and Project Management 11th
| Order | ACL’s account | Status in this case |
|---|---|---|
| Temporary management cease trade order (MCTO) | Would have restricted trading by specified management. | ACL said its application was not accepted. |
| Failure-to-file cease trade order (FFCTO) | Generally restricts direct or indirect trading in the company’s securities by any person. | ACL said the BCSC issued it on October 5, 2026. |
These descriptions reflect ACL’s announcement; do not treat the order as management-only. ACL’s October 6 announcement
Can ACL shareholders still trade?
While the FFCTO remains in effect, ACL says it generally prevents any person from trading the company’s securities, directly or indirectly. The BCSC’s general guidance says an order directing all persons to cease trading in an issuer’s securities prohibits trading through an exchange, securities issuances by the issuer, and private transactions. The BCSC also says cease trade orders typically remain in effect indefinitely until revoked. BCSC: Cease Trade Orders
Separately, CIRO announced on October 6 that all ACL issues were halted because of the cease trade order. That dated notice does not by itself confirm whether the halt remains in place now; check current CIRO information before relying on it. CIRO trading-halt notices
When did ACL expect to file, and has the order been lifted?
ACL said it was continuing work on the required filings and anticipated remedying the default by November 27, 2026. That is the company’s stated target date, not proof that the filings were submitted or that the BCSC revoked the order. The materials establishing the October 5 order and ACL’s plan do not establish a later filing or revocation.
How to check ACL’s current order and filing status
- Search SEDAR+ for A.C.L. Construction Ltd. and review its continuous disclosure filings for the overdue annual statements, MD&A and certificates.
- Check the BCSC’s current and historical cease trade order information to see whether the order is listed as revoked.
- Check current CIRO trading-halt information for any notice affecting ACL securities.
The BCSC identifies SEDAR+ as a source for current and historical cease trade orders and notes that issuer updates may also appear in the company’s continuous disclosure record. A filing and a revocation are separate status points to verify.
Quick Recap
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
