BCN 2010/28 - Advance Notice of Repeal and Replacement of National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards and Companion Policy 52-107CP and Amendments to National Instrument 14-101 Definitions and other Related Amendments [BCN]
| Published Date: | 2010-10-01 |
|---|---|
| Related Document(s): |
Concurrently Published:
- 11-102 - Passport System [MI Amendment Advance Notice - Lapsed]
- 11-102CP - Passport System [CP Amendment Advance Notice - Lapsed]
- 12-202 - Revocation of a Compliance-related Cease Trade Order [NP Amendment Advance Notice - Lapsed]
- 12-203 - Cease Trade Orders for Continuous Disclosure Defaults [NP Amendment Advance Notice - Lapsed]
- 13-101 - System for Electronic Document Analysis and Retrieval (SEDAR) [NI Amendment Advance Notice - Lapsed]
- 14-101 - Definitions [NI Amendment Advance Notice - Lapsed]
- 21-101 - Marketplace Operation [NI Amendment Advance Notice - Lapsed]
- 21-101F1 - Information Statement Exchange or Quotation and Trade Reporting System [F Amendment Advance Notice - Lapsed]
- 52-107 - Acceptable Accounting Principles and Auditing Standards [NI Amendment Advance Notice - Lapsed]
- 52-107 - Acceptable Accounting Principles and Auditing Standards [NI Blackline Amendment Advance Notice - Lapsed]
- 52-107CP - Acceptable Accounting Principles and Auditing Standards [CP Amendment Advance Notice - Lapsed]
- 52-110 - Audit Committees [NI Amendment Advance Notice - Lapsed]
- 52-110F1 - Audit Committee Information Required in an AIF[F Amendment Advance Notice - Lapsed]
- 52-110F2 - Disclosure by Venture Issuers [F Amendment Advance Notice - Lapsed]
- 54-101 - Communication with Beneficial Owners of Securities of a Reporting Issuer [NI Amendment Advance Notice - Lapsed]
- 54-101F1 - Communication with Beneficial Owners of Securities of a Reporting Issuer [F Amendment Advance Notice - Lapsed]
- 62-104 - Take-Over Bids and Issuer Bids [MI Amendment Advance Notice - Lapsed]
- 62-104F2 - Issuer Bid Circular [F Amendment Advance Notice - Lapsed]
- 62-104F3 - Directors' Circular [F Amendment Advance Notice - Lapsed]
- 62-104F4 - Director's or Officer's Circular [F Amendment Advance Notice - Lapsed]
In the attached advance notice, the Canadian Securities Administrators announce the expected adoption of National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards (NI 52-107) and its Companion Policy 52-107CP. These would replace the current versions of NI 52-107 and Companion Policy 52-107CP.
The CSA has also approved related amendments to:
- National Instrument 14-101 Definitions
- National Instrument 13-101 System for Electronic Document Analysis and Retrieval (SEDAR)
- National Instrument 21-101 Marketplace Operations
- National Instrument 52-110 Audit Committees
- National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer
- Multilateral Instrument 11-102 Passport System and its Companion Policy
- Multilateral Instrument 62-104 Take-over Bids and Issuer Bids
- National Policy 12-202 Revocation of a Compliance-related Cease Trade Order
- National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults
The new NI 52-107, Companion Policy 52-107CP and the related amendments address changes to securities regulation arising from the changeover to International Financial Reporting Standards (IFRS) in Canada and have an effective date of January 1, 2011. We will publish unofficial consolidated versions of the policy documents upon the effective date.
Questions
You may refer questions to:
Carla-Marie Hait
Chief Accountant
British Columbia Securities Commission
(604) 899-6726 or (800) 373-6393 (toll free in Canada)
chait@bcsc.bc.ca
Manuele Albrino
Associate Chief Accountant
British Columbia Securities Commission
(604)899-6641 or (800) 373-6393 (toll free in Canada)
malbrino@bcsc.bc.ca
Leslie Rose
Senior Legal Counsel, Corporate Finance
British Columbia Securities Commission
(604) 899-6654 or (800) 373-6393 (toll free in Canada)
lrose@bcsc.bc.ca
October 1, 2010
Brenda M. Leong
Chair
This Notice may refer to other documents. These documents can be found at the B.C. Securities Commission public website atwww.bcsc.bc.ca in the Policies & Instruments or Historical Policies & Instruments sections of the website.