BCN 2001/68 - Publication for Comment of Proposed Amendments to National Instrument 14-101 - Definitions [BCN - Rescinded]

We are publishing for comment proposed amendments to National Instrument 14-101 - Definitions, together with other members of the Canadian Securities Administrators (CSA).

Background

The National Instrument came into force on April 1, 1997. It was intended to provide a consistent approach to the interpretation and application of national and multilateral instruments by providing:

• a framework of defined terms that the CSA have agreed upon for use in national and multilateral instruments, and
• definitions of terms necessary for local application of national and multilateral instruments (e.g. “securities regulatory authority”).

The National Instrument is amended from time to time to add new definitions.

Summary of Proposed Amendment

The proposed amendments would:

• add the terms "IDA", "MFDA", "MRRS" and "SEDAR", which are already in use in more than one national instrument,
• add a reference to Nunavut in the Appendices to the National Instrument,
• clarify the definitions of “insider reporting requirement” and “jurisdiction",
• delete the terms "multilateral instrument" and "national instrument", as they are unnecessary, and add the terms "provincial and territorial securities directions", "provincial and territorial securities legislation" and "provincial and territorial securities regulatory authorities", which will be used instead of “Canadian securities directions”, “Canadian securities legislation” and “Canadian securities regulatory authorities” in future national instruments, multilateral instruments and national policies. The CSA believe that the new expressions are more accurate, and the existing terms are being amended to refer to the corresponding new terms.

Comments

You are invited to make written submissions on the proposed amendments. We will consider submissions received by December 28, 2001.
Please send your submissions to all of the securities regulatory authorities listed below in care of the Commission des valeurs mobilières du Québec, in duplicate, as indicated below:

British Columbia Securities Commission
Alberta Securities Commission
Saskatchewan Securities Commission
Manitoba Securities Commission
Ontario Securities Commission
Office of the Administrator, New Brunswick
Registrar of Securities, Prince Edward Island
Nova Scotia Securities Commission
Department of Government Services and Lands, Newfoundland and Labrador
Registrar of Securities, Government of Northwest Territories
Registrar of Securities, Government of Yukon
Registrar of Securities, Nunavut

c/o Denise Brosseau, Secretary
Commission des valeurs mobilières du Québec
Stock Exchange Tower
P.O. Box 246, 22nd Floor
Montréal, Québec H4Z 1G3

We request that you submit a diskette containing the submissions (in Windows format, preferably Word). We cannot keep submissions confidential because securities legislation in certain provinces requires that a summary of the written comments received during the comment period be published.
 
Please refer your questions to any of:
 
Jonathan Sarin
Legal Counsel
British Columbia Securities Commission
(604) 899-6653 or (800) 373-6393 (in B.C.)

Jane Brindle
Legal Counsel
Alberta Securities Commission
(403) 297-4482

Kathleen Finlay
Manager, Project Office
Ontario Securities Commission
(416) 593-8125

Rosetta Gagliardi
Conseillère en réglementation
Commission des valeurs mobilières du Québec
(514) 940-2199 ext 4554

September 28, 2001

Douglas M. Hyndman
Chair

Ref: NI 14-101

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 Commission Documents database or the Historical Documents database.