BCN2007/29 - Adoption of Amendments to National Instrument 55-101 Insider Reporting Exemptions and Companion Policy 55-101CP Insider Reporting Exemptions [BCN - Lapsed]
- 55-101 - Insider Reporting Exemptions [NI - Rescinded]
- 55-101CP - Insider Reporting Exemptions [CP - Rescinded]
Effective September 10, 2007, the Commission and the other members of the Canadian Securities Administrators (the CSA or we) have adopted amendments (the amendments) to National Instrument 55-101 Insider Reporting Exemptions (NI 55-101) and its companion policy (55-101CP).
We published for comment the proposed amendments to NI 55-101 in October 2006 (BCN 2006/22). On June 8, 2007, we published advance notice that, subject to government approval, we expected to adopt the amendments to the NI 55-101 and 55-101CP effective September 10, 2007 (BCN 2007/23).
Substance and purpose of the Amendments to the Instrument
The amendments to NI 55-101 and 55-101CP fall into the following two broad categories:
- Amendments to clarify some provisions of NI 55-101
- Amendments to streamline requirements in NI 55-101
The CSA advance notice published on June 8, 2007 describes the principal changes to the national instrument and its companion policy resulting from these amendments. It also provides background to the amendments and information about the comment process.
You may refer questions to:
Senior Legal Counsel, Corporate Finance,
British Columbia Securities Commission
(800) 373-6393 (in B.C. and Alberta)
September 7, 2007
Douglas M. Hyndman
Ref: National Instrument 55-101 Insider Reporting Exemptions and Companion Policy 55-101CP Insider Reporting Exemptions
This Notice may refer to other documents. These documents can be found at the B.C. Securities Commission public website a twww.bcsc.bc.ca in the section Securities Law & Policy: Policies & Instruments.