Securities Law

BCN 2001/65 - BC Instrument 51-505 - Transitional exemptions for Bourse de Montréal issuers [BCN - Rescinded]

Published Date: 2001-09-20
Effective Date: 2001-09-20

The Commission has made BC Instrument 51-505.  We have also issued BC Companion Policy 51-505CP to explain the background and purpose of this Instrument.

The Instrument exempts Bourse de Montréal issuers (including certain applicants for listing) that become listed on CDNX from continuous disclosure obligations and filing fees in BC.  This relief is available until May 31, 2002.  After that time, these issuers must comply with all applicable filing and fee requirements imposed on reporting and exchange issuers in BC.

The Instrument also exempts these issuers from section 4.1(1) of National Instrument 43-101 Standards of Disclosure for Mineral Projects, which requires an issuer to file a technical report for each of its material properties when it first becomes a reporting issuer in a province. 

In addition, BCI 51-505 relieves insiders, directors and officers, offerors, and persons soliciting proxies, from various BC disclosure requirements. 

The Alberta Securities Commission (ASC) has issued Blanket Order 51-505(AB), which is similar to BCI 51-505.  A copy is available on the ASC website at www.albertasecurities.com.

Questions
Please refer questions to:

Andrew Richardson
Manager, Financial & Insider Reporting
British Columbia Securities Commission
(604) 899-6730
(800) 373-6393 (in B.C.)
arichardson@bcsc.bc.ca

Wendy Woloshyn
Legal Counsel, Policy and Legislation
British Columbia Securities Commission
(604) 899-6642
(800) 373-6393 (in B.C.)
wwoloshyn@bcsc.bc.ca

September 20, 2001

 


Douglas M. Hyndman
Chair

Ref: NI 43-101
ASC Blanket Order 51-505 (AB)
 
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be found at the B.C. Securities Commission public website at www.bcsc.bc.ca in the Commission Documents database or the Historical Documents database.