Securities Law

BCN 2001/72 - CSA Staff Notice 43-302 - National Instrument 43-101 Standards of Disclosure for Mineral Projects [BCN - Rescinded]

Published Date: 2001-10-19
Effective Date: 2001-10-19

Commission staff, together with staff of other CSA members, have published CSA Staff Notice 43-302.

This Notice announces that the CSA has published a list of frequently asked questions (FAQs) and CSA staff responses in respect of NI 43-101 Standards of Disclosure for Mineral Projects. This publication is to assist mining industry participants and their advisors in understanding and applying NI 43-101. NI 43-101 became effective February 1, 2001.

NI 43-101 governs a company's public disclosure of scientific and technical information about its mineral projects. This disclosure which includes oral statements as well as written documents and websites must be based on information provided by a "qualified person" (as defined in NI 43-101). NI 43-101 requires a company to file a technical report at certain times, prepared in a prescribed format. In some circumstances, the qualified person is to be independent of the company and the property. A company is required to use specified terminology when disclosing resources and reserves.

The new FAQs and NI 43-101, together with its Companion Policy 43-101CP, Form 43-101F1Technical Report, and the brochure summarizing NI 43-101 can be found on the B.C. Securities Commission website at www.bcsc.bc.ca.


October 19, 2001

 


Steve Wilson
Executive Director


This Notice refers 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be found at the B.C. Securities Commission public website at www.bcsc.bc.ca in the Commission Documents database or the Historical Documents database.