BCN 2005/58 - Adoption of National Instrument 44-101 Short Form Prospectus Distributions, Form 44-101F1 Short Form Prospectus and consequential amendments [BCN - Lapsed]

Concurrently Published:

• 11-101 - Principal Regulator System [MI Amendment - Lapsed]
• 44-101 - Short Form Prospectus Distributions [NI - Rescinded]
• 44-101CP - Short Form Prospectus Distributions [CP - Rescinded]
• 44-101F1 - Short Form Prospectus Distributions [F - Rescinded]
• 44-102 - Shelf Distributions [NI Amendment - Lapsed]
• 44-102CP - Shelf Distributions [Amendment - Lapsed]
• 44-103 - Post-Receipt Pricing [NI Amendment - Lapsed]
• 44-103CP - Post-Receipt Pricing [Amendment - Lapsed]
• 44-801 - Implementing Rule 44-801 Implementing National Instrument 44-101 Short Form Prospectus Distributions [IR Amendment - Lapsed]
• 51-101 - Standards of Disclosure for Oil and Gas Activities [NI Amendment - Lapsed]
• 51-101CP - Standards of Disclosure for Oil and Gas Activities [CP Amendment - Lapsed]
• 51-102F2 - Annual Information Form [F Amendment - Lapsed]

Adoption of National Instrument 44-101

The British Columbia Securities Commission, with the other Canadian Securities Administrators (CSA), is adopting National Instrument 44-101 Short Form Prospectus Distributions (NI 44-101) and Form 44-101F1 Short Form Prospectus (Form 44-101F1) effective December 30, 2005. NI 44-101 and Form 44-101F1 replace current National Instrument 44-101 and Form 44-101F3.

Prior publications

On October 21, 2005 with BCN 2005/50, BCN 2005/51 and BCN 2005/52, we published advance notice that, subject to government approval, we expected to adopt

•  NI 44-101,
•  Form 44-101F1, and
•  consequential amendments to certain national and multilateral instruments.

On January 7, 2005, we published NI 44-101, Form 44-101F1 and the consequential amendments for comment (see BCN 2005/02 and BCN 2005/03). During the comment period, we received 15 written submissions. A summary of the comments and the CSA responses can be found in our advance notice of adoption (see BCN 2005/50 and BCN 2005/51). 

Consequential amendments

To implement NI 44-101, we needed to amend a number of national and multilateral instruments as well as a BC Implementing Rule to be consistent with NI 44-101. This notice lists all of those changes.

National amendments

We are amending the following multilateral and national instruments:

• Multilateral Instrument 11-101 Principal Regulator System,
• National Instrument 44-102 Shelf distributions and Companion Policy 44-102CP,
• National Instrument 44-103 Post-receipt pricing and Companion Policy 44-103CP,
• National Instrument 51-101 Standards of Disclosure For Oil and Gas Activities and Companion Policy 51-101CP, and
• Form 51-102F2 Annual Information Form.

Local amendments

Effective December 30, 2005, we are making minor amendments  to Implementing Rule 44-801. 

Questions

You may refer questions on NI 44-101 and Form 44-101F1 to:

Rosann Youck
Senior Legal Counsel
Legal Services, Corporate Finance
(604) 899-6656
(800) 373-6393 (in BC and Alberta)
ryouck@bcsc.bc.ca

or

Michael Moretto
Manager
Corporate Finance
(604) 899-6767
(800) 373-6393 (in BC and Alberta)
mmoretto@bcsc.bc.ca

December 16, 2005

Douglas M. Hyndman
Chair

Ref:     National Instrument 44-101 Short Form Prospectus Distributions
            Form 44-101F1 Short Form Prospectus
            BC Notice 2005/50
            BC Notice 2005/51
            BC Notice 2005/52

Multilateral Instrument 11-101 Principal Regulator System
National Instrument 44-102 Shelf distributions
Companion Policy 44-102CP
National Instrument 44-103 Post-receipt pricing
Companion Policy 44-103CP
BC Implementing Rule 44-801
National Instrument 51-101 Standards of Disclosure For Oil and Gas Activities
Companion Policy 51-101CP
Form 51-102F2 Annual Information Form

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.