BCN 2002/50 - Adoption of Amendments to National Instrument 14-101 Definitions [BCN - Rescinded]

Introduction
The commission, together with the other members of the Canadian Securities Administrators (“CSA”), are making amendments to National Instrument 14-101 Definitions (“NI 14-101”) effective December 31, 2002.

We published the amendments for comment on September 28, 2001. No comments were received. We published advance notice of the amendments on October 18, 2002.

Summary of Amendments
The amendments add a reference to Nunavut in the appendices to NI 14-101 and clarify the definitions of “insider reporting requirement” and “jurisdiction”. The amendments also delete the terms “multilateral instrument” and “national instrument”, as they are unnecessary. 

The amendments add the terms “provincial and territorial securities directions”, “provincial and territorial securities legislation” and “provincial and territorial securities regulatory authorities”. These terms have the same definitions as “Canadian securities directions”, “Canadian securities legislation” and “Canadian securities regulatory authorities”, and will be the terms used in future national and multilateral instruments in the same context. Because the terms “Canadian securities directions”, “Canadian securities legislation” and “Canadian securities regulatory authorities” are already used in existing national and multilateral instruments, they have not been deleted from the
NI 14-101. 

Questions
If you have any questions, please contact:

Veronica Armstrong
Senior Policy Advisor, Legal and Market Initiatives
British Columbia Securities Commission
Tel: (604) 899-6738
Fax: (604) 899-6814
E-mail:  varmstrong@bcsc.bc.ca

December 18, 2002

Douglas M. Hyndman
Chair

Ref:  National Instrument 14-101

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found at the B.C. Securities Commission public website at www.bcsc.bc.ca in the Commission Documents database or the Historical Documents database.

SCHEDULE

1  National Instrument 14-101 Definitions, B.C. Reg. 48/97, is amended in section 1.1 (3) by

(a) repealing the definition of “insider reporting requirement” and substituting the following:

“insider reporting requirement” means the requirement in securities legislation for an insider of a reporting issuer to file reports disclosing:

(a) the insider's direct or indirect beneficial ownership of, or control or direction over, securities of the reporting issuer, or

(b) any change or changes to such ownership of, or control or direction over, securities of the reporting issuer; ;

(b)  in thedefinition of “jurisdiction”, adding “or “jurisdiction of Canada”” before “means a province”;

(c) repealing the definitions of “multilateral instrument” and “national instrument";

(d) adding the following definitions after the definition of “prospectus requirement”:

“provincial and territorial securities directions” means the instruments listed in Appendix A;

“provincial and territorial securities legislation” means the statutes and the other instruments listed in Appendix B;

“provincial and territorial securities regulatory authorities” means the securities commissions and similar regulatory authorities listed in Appendix C; .

2  National Instrument 14-101 Definitions is amended in Appendix A by

(a) repealing the title to Appendix A and substituting the following title:

PROVINCIAL AND TERRITORIAL SECURITIES DIRECTIONS/
CANADIAN SECURITIES DIRECTIONS ;

(b) adding the following entry:

NUNAVUT  The policy statements and the written interpretations issued by the securities regulatory authority.

3 National Instrument 14-101 Definitions is amended in Appendix B by

(a) repealing the title and substituting the following:

PROVINCIAL AND TERRITORIAL SECURITIES LEGISLATION/
 CANADIAN SECURITIES LEGISLATION ;

(b) adding the following entry:

NUNAVUT  Securities Act and the regulations under that Act and the blanket rulings and orders issued by the securities regulatory authority.

4  National Instrument 14-101 Definitions is amended in Appendix C by

(a) repealing the title and substituting the following :

PROVINCIAL AND TERRITORIAL SECURITIES REGULATORY
AUTHORITIES/
 CANADIAN SECURITIES REGULATORY AUTHORITIES ;

(b) adding the following entry:

NUNAVUT  Registrar of Securities, Nunavut.

5  National Instrument 14-101 Definitions is amended in Appendix D by adding the following entry

NUNAVUT  Registrar, as defined under section 1 of the Securities Act (Nunavut).

6  These amendments shall come into force on December 31, 2002.