BCN2010/14 - Notice and Request for Comment - Proposed amendments to National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer, National Instrument 51-102 Continuous Disclosure Obligations and Companion Policy 51-102CP Continuous Disclosure Obligations, and National Policy 11-201 Delivery of Documents by Electronic Means [BCN]
| Published Date: | 2010-04-12 |
|---|---|
| Related Document(s): |
Concurrently Published:
- 11-201 - Delivery of Documents by Electronic Means [NP Amendment Proposed - Lapsed]
- 51-102 - Continuous Disclosure Obligations [NI Amendment Proposed - Lapsed]
- 51-102CP - Continuous Disclosure Obligations [CP Amendment Proposed - Lapsed]
- 51-102F5 - Information Circular [F Amendment Proposed - Lapsed]
- 54-101 - Communication with Beneficial Owners of Securities of a Reporting Issuer [NI Amendment Proposed - Lapsed]
- 54-101CP - Communication with Beneficial Owners of Securities of a Reporting Issuer [CP Amendment Proposed - Lapsed]
The Canadian Securities Administrators (CSA) are publishing for comment proposed amendments to:
- National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer, and its companion policy
- National Instrument 51-102 Continuous Disclosure Obligations, its companion policy and Form 51-102F5 Information Circular
- National Policy 11-201 Delivery of Documents by Electronic Means
The attached CSA notice describes what we and other members of the CSA are proposing. The proposed amendments would:
- give issuers the choice to use a notice and access process for sending proxy-related materials to beneficial and registered owners for meetings that are not special meetings
- simplify the beneficial owner proxy-appointment process
- impose stricter rules on third party use of beneficial owner information and the indirect sending method of sending materials to beneficial owners
We have asked a number of specific questions about our proposals in the CSA notice.
The CSA notice describes where you should send your comments on the proposed amendments. We will consider all comments received by August 31, 2010.
April 12, 2010
Brent W. Aitken
Vice Chair
Ref: | National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer, and Companion Policy 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer |
This Notice may refer to other documents. You can find these documents at the B.C. Securities Commission public website at www.bcsc.bc.ca in the section Securities Law & Policy: Policies & Instruments. | |