BCN 2007/41 - Adoption of amendments to National Instrument 51-102 Continuous Disclosure Obligations and related consequential amendments [BCN - Lapsed]
Published Date: | 2007-12-21 |
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Rescinded Date: | 2012-05-30 |
Related Document(s): |
Concurrently Published:
- 51-102 - Continuous Disclosure Obligations [NI - Rescinded]
- 51-102CP - Continuous Disclosure Obligations [CP - Rescinded]
- 51-102F2 - Annual Information Form [F - Rescinded]
- 51-102F5 - Information Circular [F - Rescinded]
- 52-107 - Acceptable Accounting Principles, Auditing Standards and Reporting Currency [NI - Rescinded]
- 52-109 - Certification of Disclosure in Issuers’ Annual and Interim Filings [MI - Rescinded]
- 58-101 - Disclosure of Corporate Governance Practices [NI - Rescinded]
- 71-102 - Continuous Disclosure and Other Exemptions Relating to Foreign Issuers [NI - Rescinded]
Effective December 31, 2007, the Commission, together with the other Canadian Securities Administrators (CSA), is adopting amendments to
- National Instrument 51-102 Continuous Disclosure Obligations
- Form 51-102F2 Annual Information Form
- Form 51-102F5 Information Circular
- Companion Policy 51-102CP
- 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
- National Instrument 58-101 Disclosure of Corporate Governance Practices
Also effective December 31, 2007, we are revoking and replacing National Instrument 71-102 Continuous Disclosure and Other Exemptions Relating to Foreign Issuers (NI 71-102), which British Columbia adopted as a blanket order, rather than as a rule. The replaced NI 71-102 will incorporate the amendments other CSA members are adopting.
Substance and purpose of the Instruments
The amendments to the instruments:
- remove the requirement for significant shareholders to disclose cease trade orders and similar orders issued against companies they were involved with
- make housekeeping changes to update some provisions in the instruments
- clarify some provisions in the instruments and forms
- clarify what information an issuer needs to include in an annual information form if that issuer is not required to send an information circular to any of its shareholders
Prior publications
We published the amendments to NI 51-102 and the related consequential amendments for comment on March 29, 2007. On October 12, 2007, we published advance notice that subject to government approval, we expected to adopt the amendments to NI 51-102 and the related changes.
Consequential amendments
We are making consequential amendments to the other instruments we listed above for consistency with the amendments to NI 51-102.
Questions
You may refer questions to:
Michael Moretto
Manager
British Columbia Securities Commission
(604) 899-6767
(800) 373-6393 (in B.C. and Alberta)
mmoretto@bcsc.bc.ca
Ami Iaria
Senior Legal Counsel
British Columbia Securities Commission
(604) 899-6867
(800) 373-6393 (in B.C. and Alberta)
aiaria@bcsc.bc.ca
December 21, 2007
Douglas M. Hyndman
Chair
Ref: | Form 51-102 F2 Annual Information Form
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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 section Securities Law & Policy: Policies & Instruments. |