Ongoing Requirements

Continuous Disclosure Obligations

NI 51-102 Continuous Disclosure Obligations sets out the obligations of reporting issuers, other than investment funds, for financial statements, management’s discussion and analysis (MD&A), annual information forms (AIFs), business acquisition reports (BARs), material change reporting, information circulars, proxies and proxy solicitation, restricted share disclosure, and certain other continuous disclosure-related matters. NI 52-107 Acceptable Accounting Principles, Auditing Standards and Reporting Currency sets out the accounting principles and auditing standards that apply to financial statements filed. NI 71-102 Continuous Disclosure and Other Exemptions Relating to Foreign Issuers provides exemptions from most continuous disclosure requirements and certain other requirements for certain foreign issuers.

We have amended the instruments relating to continuous disclosure requirements effective December 29, 2006 to:

1. Clarify some provisions of the Instruments.
2. Address areas that a rule, form or companion policy does not address, including codifying discretionary exemptions that we have granted.
3. Streamline requirements in the Instruments.

For more information about the changes that became effective on December 29, 2006 read:

BCN2006/20 Advance Notice of Amendments to NI 51-102, Form 51-102F1, Form 51-102F2, Form 51-102F3, Form 51-102F4, Form 51-102F5, Form 51-102F6, and 51-102CP, NI 52-107, NI 71-102, 71-102CP, and

CSA Notice of Amendments to NI 51-102, Form 51-102F1, Form 51-102F2, Form 51-102F3, Form 51-102F4, Form 51-102F5, Form 51-102F6, and 51-102CP, NI 52-107, NI 71-102, 71-102CP. 

View the continuous disclosure filing calendar for 2009-2010, showing due dates for annual and interim filing requirements

Related documents

• Frequently Asked Questions regarding National Instrument 51-102 [CSA Staff Notice 51-311]
• Exemptions for foreign issuers in NI 71-102 and NI 71-102CP 
• Rule related to accounting principles, auditing standards, and reporting currency in NI 52-107 and NI 52-107CP
• Continuous Disclosure Review of Smaller Issuers - CSA Staff Notice 51-316 

Annual and Interim Reporting Requirements

• 12-203 Cease Trade Orders for Continuous Disclosure Defaults [NP] 
• 51-312 Harmonized Continuous Disclosure Review Program [CSA Staff Notice]
• 52-108 - Auditor Oversight [NI] 
• 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings [NI] 
• 52-306 Non-GAAP Financial Measures [CSA Staff Notice] 
• 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer [NI], Companion Policy and associated forms

Timely Reporting

• National Policy 51-201 Disclosure Standards
• 51-101 Standards of Disclosure for Oil and Gas Activities [NI], Companion Policy, and associated forms
• 51-309 Acceptance of Certain Foreign Professional Boards as a "Professional Organization" [CSA Staff Notice]
• 51-310 CSA Multilateral Staff Notice - Report on Staff’s Continuous Disclosure Review of Income Trust Issuers [CSA Notice]
• 51-312 Harmonized Continuous Disclosure Review Program [CSA Staff Notice]
• 52-306 Non-GAAP Financial Measures [CSA Staff Notice]

Questions & Answers about:

• Continuous Disclosure 
• Filing fees 
• Reporting requirements 
• Issuers in default

Issuers in default

The BCSC publishes a Defaulting Issuers list. These companies have not complied with their continuous disclosure reporting obligations and may be cease traded without further notice.

About SEDAR

SEDAR is the System for Electronic Document Analysis and Retrieval, the electronic filing system for reporting issuers to file certain documents with the Canadian securities regulatory authorities, including the British Columbia Securities Commission. You can learn more about SEDAR and find tips for using it on our SEDAR page.

Mining issuers

If you are a mining issuer, you may wish to refer to additional documents in our mining section.