Securities Law

BCN2008/55 - Adoption of amendments to Form 51-102F6 Statement of Executive Compensation and related amendments [BCN - Lapsed]

Published Date: 2008-12-23
Effective Date: 2008-12-31
Rescinded Date: 2012-07-09
Related Document(s):

Concurrently Published:

Effective December 31, 2008, the Commission, together with the other Canadian Securities Administrators (CSA), is adopting

  • new Form 51-102F6 Statement of Executive Compensation (new 51-102F6) that will apply for financial years ending on or after December 31, 2008
  • amendments to Form 51-102F6 Statement of Executive Compensation (old 51-102F6) so that it will apply only for financial years ending before December 31, 2008
  • amendments to National Instrument 51-102 Continuous Disclosure Obligations (NI 51-102)
  • amendments to Form 51-102F5 Annual Information Form (51-102F5)

together, the amendments.

Substance and purpose of the amendments
The amendments expand and update the executive compensation disclosure a reporting issuer must provide and make related amendments to update NI 51-102 and 51-102F5. 

Old 51-102F6 will remain in effect until March 31, 2010 for disclosure relating to financial years that end before December 31, 2008.  Reporting issuers must use new 51-102F6 for their executive compensation disclosure for financial years ending on or after December 31, 2008.

Prior publications
We published the amendments for comment on March 29, 2007 (BCN 2007/14), and for further comment on February 22, 2008 (BCN 2008/09). We published advance notice of our proposed adoption of the amendments on September 18, 2008 (BCN 2008/44).

Questions
You may refer questions to:

Andrew Richardson
Deputy Directory, Corporate Finance
British Columbia Securities Commission
(604) 899-6730
(800) 373-6393 (in B.C. and Alberta)
arichardson@bcsc.bc.ca

Alison Dempsey
Senior Legal Counsel, Corporate Finance
British Columbia Securities Commission
(604) 899-6638
(800) 373-6393 (in B.C. and Alberta)
adempsey@bcsc.bc.ca

December 22, 2008

 


Douglas M. Hyndman
Chair

Ref:  National Instrument 51-102 Continuous Disclosure Obligations
         Form 51-102F5 Information Circular
         Form 51-102F6 Statement of Executive Compensation
         BCN 2007/14
         BCN 2008/09
         BCN 2008/44


This Notice may refer to other documents. You can find these documents at the B.C. Securities Commission public website atwww.bcsc.bc.ca in the section Securities Law & Policy: Policies & Instruments.