BCN 2007/32 - Advance Notice of Amendments to National Instrument 51-102 Continuous Disclosure Obligations, Form 51-102F2 Annual Information Form, Form 51-102F5 Information Circular [BCN - Lapsed]

Concurrently Published:

• 51-102 - Continuous Disclosure Obligations [NI Amendment Advance Notice - Lapsed]
• 51-102 - Continuous Disclosure Obligations [NI Amendment Proposed - Lapsed]
• 51-102CP - Continuous Disclosure Obligations [CP Amendment Advance Notice - Lapsed]
• 51-102CP - Continuous Disclosure Obligations [CP Amendment Proposed - Lapsed]
• 51-102F2 - Annual Information Form [F Amendment Advance Notice - Lapsed]
• 51-102F5 - Information Circular [F Amendment Advance Notice - Lapsed]
• 52-107 - Acceptable Accounting Principles, Auditing Standards and Reporting Currency [NI Amendment Advance Notice - Lapsed]
• 52-108 - Auditor Oversight [NI Amendment Proposed - Lapsed]
• 52-109 - Certification of Disclosure in Issuers' Annual and Interim Filings [MI Amendment Advance Notice - Lapsed]
• 52-110 - Audit Committees [MI Amendment Advance Notice - Lapsed]
• 58-101 - Disclosure of Corporate Governance Practices [NI Amendment Advance Notice - Lapsed]
• 71-102 - Continuous Disclosure and Other Exemptions Relating to Foreign Issuers [NI Amendment Advance Notice - Lapsed]

In the attached notice, the Canadian Securities Administrators announce the expected adoption, effective December 31, 2007, of amendments to

• National Instrument 51-102 Continuous Disclosure Obligations,
• Form 51-102F2 and Form 51-102F5,
• Companion Policy 51-102CP Continuous Disclosure Obligations
• National Instrument 52-107 Acceptable Accounting Principles, Auditing Standards and Reporting Currency
• Multilateral Instrument 52-109 Certification of Disclosure in Issuers' Annual and Interim Filings,
• Multilateral Instrument 52-110 Audit Committees (MI 52-110),
• National Instrument 58-101 Disclosure of Corporate Governance Practices, and
• National Instrument 71-102 Continuous Disclosure and Other Exemptions relating to Foreign Issuers (NI 71-102).

The CSA are also publishing for comment proposed Amendments to National Instrument 51-102 Continuous Disclosure Obligations, Companion Policy 51-102CP Continuous Disclosure Obligations and National Instrument 58-101 Disclosure of Corporate Governance Practices.

When the amendments to NI 51-102 and its related documents come into force, we also intend to revoke and replace British Columbia Instrument 51-801 Implementing National Instrument 51-102 Continuous Disclosure Obligations and National Instrument 52-107 Acceptable Accounting Principles, Auditing Standards and Reporting Currency (BCI 51-801).

The CSA's proposed amendments to MI 52-110 will not come into force in British Columbia at this time because, while we published MI 52-110 for comment, we have not yet adopted it. We will seek approval to adopt MI 52-110 when we seek approval to adopt MI 11-102 Passport System.

We adopted NI 71-102 as an exemption order rather than as a commission rule. Because of this, instead of adopting amendments to NI 71-102 through the rule-making process, as the rest of the CSA will do, we will revoke the current version and will replace it with a version that reflects the amendments discussed in the CSA Advance Notice.  The version of NI 71-102 we expect to adopt effective December 31, 2007, is Schedule 1 to this notice.

October 12, 2007


Douglas M. Hyndman
Chair

Ref: 

National Instrument 51-102 Continuous Disclosure Obligations
Form 51-102F2, and Form 51-102F5
Companion Policy 51-102CP Continuous Disclosure Obligations
National Instrument 52-107 Acceptable Accounting Principles, Auditing Standards and Reporting Currency
National Instrument 71-102 Continuous Disclosure and Other Exemptions relating to Foreign Issuers (NI 71-102),
Multilateral Instrument 52-109 Certification of Disclosure in Issuers' Annual and Interim Filings,
Multilateral Instrument 52-110 Audit Committees,
National Instrument 58-101 Disclosure of Corporate Governance Practices, and
BC Instrument 51-801 Implementing National Instrument 51-102 Continuous Disclosure Obligations and National Instrument 52-107 Acceptable Accounting Principles, Auditing Standards and Reporting Currency
BCN 2007/14 Request for Comment on Proposed repeal and substitution of Form 51-102F6 Statement of Executive Compensation (51-102F6) and Proposed amendments to National Instrument 51-102 Continuous Disclosure Obligations, Form 51-102F2 and Form 51-102F5 (the 51-102 amendments) and Proposed consequential amendments to Multilateral Instrument 52-110 Audit Committees and National Instrument 58-101 Disclosure of Corporate Governance Practises (the proposed consequential amendments)
BCN 2007/12 Request for Comment on Proposed National Instrument 11-102 Passport System

This Notice may refer to other documents. These documents can be found at the B.C. Securities Commission public website atwww.bcsc.bc.cain the Policies & Instruments or Historical Policies & Instruments sections of the website.