Change of Indirect Owner

Change of Indirect Owner

Prior to your first pharmacy renewal under the new pharmacy ownership requirements, only changes of directors will need to be reported to the College by the authorized representative.  Once you have renewed under the new pharmacy ownership requirements (i.e. the College has collected the information of the officers and shareholders, if applicable of your pharmacy), any changes to the directors, officers and shareholders (if applicable) must be reported to the College.

Change of Director (Prior to 1st pharmacy licence renewal during the transition period)

Prior to your first pharmacy licence renewal during the transition period, a change of director only needs to be reported through the pharmacy portal.  Once you have completed the first pharmacy licence renewal during the transition period, you must report future changes of director through the ownership portal.

  1. Apply for a Change of Indirect Owner
    An authorized representative of the direct owner of the pharmacy must submit the following electronically as a single file through the eServices pharmacy Profile page in the pharmacy portal no later than 7 days before the effective date of change:

    *see Appendix H if you are not able to provide the document at the time of notification.

    Allow for up to 7 days for processing.

  2. Submit Proof of Eligibility (New Director)

    Upon processing of the updated ownership information, the new director will receive instructions to submit his/her Proof of Eligibility through their eServices account under the My Profile tab. This should be completed as soon as possible.

    The CRH must be submitted by the new director no later than 7 days before the effective date of change.

    It will take up to 7 days for processing a Criminal Record History result.

The authorized representative who submitted the application online will receive a confirmation email upon completion of the change application.  No changes to the pharmacy licence will be made for this type of change.

Change of Indirect Owner (After completed 1st pharmacy licence renewal during the transition period)

Indirect owners for a non-publicly traded corporation include the directors, officers, and shareholders. If a shareholder is a non-publicly traded corporation incorporated in BC, its directors, officers and shareholders will also be considered indirect owners. See the Corporation as an Owner section for more information.

Indirect owners for a publicly traded corporation include the directors and officers.

A change of indirect owner may involve the addition of a new indirect owner, or the removal of an existing one. A new indirect owner must demonstrate that he/she meets the eligibility criteria in order for the direct owner to hold the pharmacy licence.

  1. Apply for a Change of Indirect Owner

    An authorized representative of the direct owner of the pharmacy must submit the change application electronically through the ownership portal on eServices no later than 7 days before the effective date of change. Refer to this section in the Pharmacy Licensure Guide for instructions to submit this application on eServices.

    You will also need to provide the following document(s) online based on the type of change:

    • Change of Director: Notice of Change of Directors filed with the BC Registry Services*
    • Change of Shareholder: Updated certified true copy of the Central Securities Register*

    *see Appendix H if you are not able to provide the document at the time of notification.

  2. Submit Proof of Eligibility (New Indirect Owner Only)

    The new indirect owner will receive an email to complete his/her Proof of Eligibility through his/her eServices account. This should be completed as soon as possible.

    It will take up to 7 days for processing a Criminal Record History result.

The authorized representative who submitted the application online will receive a confirmation letter by email upon completion of the change application. No changes to the pharmacy licence will be made for this type of change.

Learn more about how to update your ownership information in eServices in this video:

 

 

Refer to the Pharmacy Licensure Guide for more information.