BC Notices

BCN 2008/32 Adoption of Amendments to National Instrument 51-102 Continuous Disclosure Obligations and Related Amendments and Adoption of Amendments to National Instrument 52-108 Auditor Oversight [BCN]
Published June 27, 2008
Effective July 4, 2008
View PDF of BC Reg. 154/2008 PDF

Concurrently Published

Effective July 4, 2008, the Commission, together with the other Canadian Securities Administrators (CSA), is adopting amendments to

  • National Instrument 51-102 Continuous Disclosure Obligations (NI 51-102)
  • Form 51-102F3 Material Change Report 
  • Companion Policy 51-102CP
  • National Instrument 52-108 Auditor Oversight (NI 52-108)
  • Companion Policy 52-110 to National Instrument 52-110 Audit Committees
  • National Instrument 81-106 Investment Fund Continuous Disclosure

Substance and purpose of the amendments
The amendments:

  • add a new exemption from the information circular requirements in NI 51-102 for certain proxy solicitations made to the public by broadcast, speech or publication
  • revise the existing exemption in s. 9.5 of NI 51-102 to apply to any person that solicits proxies, not just the reporting issuer
  • remove carve-outs in NI 51-102 and NI 52-108 so that all of the requirements in those rules will apply in British Columbia, Alberta, Manitoba and Québec
  • make related housekeeping changes

Prior publications
We published the amendments to NI 51-102, the related consequential amendments and the amendments to NI 52-108 for comment on October 12, 2007 with BCN 2007/32. We published advance notice of the amendments on April 18, 2008 with BCN 2008/23.

Questions
You may refer questions to:

Michael Moretto
Manager, Corporate Finance
British Columbia Securities Commission
(604) 899-6767
(800) 373-6393 (in B.C. and Alberta)
mmoretto@bcsc.bc.ca

or

Noreen Bent
Manager and Senior Legal Counsel, Corporate Finance
British Columbia Securities Commission
(604) 899-6741
(800) 373-6393 (in B.C. and Alberta)
nbent@bcsc.bc.ca

June 24, 2008

 


Douglas M. Hyndman
Chair

Ref:  National Instrument 51-102 Continuous Disclosure Obligations
Form 51-102F3 Material Change Report 
Companion Policy 51-102CP
National Instrument 52-108 Auditor Oversight
Companion Policy 52-110 to National Instrument 52-110 Audit Committees
National Instrument 81-106 Investment Fund Continuous Disclosure
BC Notice 2007/32 Advance Notice of Amendments to National Instrument 51-102 Continuous Disclosure Obligations, Form 51-102F2 Annual Information Form, Form 51-102F5 Information Circular
BC Notice 2008/23 Adoption of amendments to National Instrument 51-102 Continuous Disclosure Obligations and related consequential amendments and Adoption of amendments to National Instrument 52-108 Auditor Oversight


This Notice may refer to other documents. These documents can be found at the B.C. Securities Commission public website at www.bcsc.bc.ca in the section Securities Law & Policy: Policies & Instruments.