News Release
Questions and Answers to assist users of NI 43-101
-
Date:
2001-10-19 -
Number:
2001/47
Released: 10/19/01 Contact: Andrew Poon
NR 01-47 604-899-6880 or
(BC & Alberta) 1-800-373-6393
Vancouver – The Canadian Securities Administrators (CSA) are pleased to announce that they have published a list of frequently asked questions (FAQs) and CSA staff responses in respect of NI 43-101. This publication is to assist mining industry participants and their advisors in understanding and applying NI 43-101. NI 43-101 became effective February 1, 2001.
NI 43-101 governs a company’s public disclosure of scientific and technical information about its mineral projects. This disclosure which includes oral statements as well as written documents and websites must be based on information provided by a “qualified person” (as defined in NI 43-101). NI 43-101 requires a company to file a technical report at certain times, prepared in a prescribed format. In some circumstances, the qualified person is to be independent of the company and the property. A company is required to use specified terminology when disclosing resources and reserves.
The new FAQs and NI 43-101, together with its Companion Policy 43-101CP, Form 43-101F1Technical Report, and the brochure summarizing NI 43-101 can be found on the following websites:
BC www.bcsc.bc.ca
Ontario www.osc.gov.on.ca
Quebec www.lautorite.qc.ca
Alberta www.albertasecurities.com
For direct links to the FAQs, NI 43-101, the Companion Policy 43-101CP, Form 43-101F1Technical Report and the brochure in .pdf, click on the following:
- FAQs (link no longer operational)
- NI 43-101
- Companion Policy 43-101CP
- Form 43-101F1
For further information on the FAQs please contact:
| Pamela Egger Senior Legal Counsel, Corporate Finance BC Securities Commission (604) 899-6867 | Deborah McCombe Chief Mining Consultant Ontario Securities Commission (416) 593-8151 |
| Stephen Murison Legal Counsel, Alberta Securities Commission (403) 297-4233 |  |
The B.C. Securities Commission is the independent provincial government agency responsible for regulating trading in securities and exchange contracts within the province. Copies of the decision can be viewed in the documents database of the commission’s website www.bcsc.bc.ca or by contacting Andrew Poon, Media Relations, 604-899-6880.