Securities Law

BCN 2009/18 - Notice and Publication for Comment Proposed Repeal and Replacement of NI52-107 Acceptable Accounting Principles and Auditing Standards and Companion Policy 52-107CP and Proposed Amendments to NI14-101 Definitions [BCN - Lapsed]

Published Date: 2009-09-25
Rescinded Date: 2012-07-13
Related Document(s):

Concurrently Published:

Substance and purpose of the Instruments
The Canadian Securities Administrators are publishing for comment proposed amendments to National Instrument 52-107 Acceptable Accounting Principles and Auditing and its Companion Policy 52-107CP. If adopted, these would replace the current versions of NI 52-107 and Companion Policy 52-107CP. The proposed amendments address proposed changes to securities legislation arising from the upcoming changeover to International Financial Reporting Standards (IFRS) in Canada and need to be in place before January 1, 2011.

The CSA is also publishing proposed amendments to National Instrument 14-101 Definitions for comment. 

The attached CSA notice describes what we and the rest of the CSA are proposing.


Other Amendments

We, together with other member of the CSA, are also publishing for comment today amending instruments for the following Instruments and accompanying Companion Policies reflecting the impact of the changeover to IFRS:


  • National Instrument 51-102 Continuous Disclosure Obligations
  • National Instrument 41-101 General Prospectus Requirements
  • National Instrument 44-101 Short Form Prospectus Distributions
  • National Instrument 44-102 Shelf Distributions 
  • National Instrument 71-102 Continuous Disclosure and Other Exemptions Relating to Foreign Issuers
  • National Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings

The CSA notice describes where you can direct your comments relating to the proposed instruments.  We will consider all comments received by December 24, 2009.



You may refer questions to:


Carla-Marie Hait

Chief Accountant

British Columbia Securities Commission

(604) 899-6726 or (800) 373-6393 (toll free in Canada)


Manuele Albrino

Associate Chief Accountant

British Columbia Securities Commission

(604)899-6641 or (800) 373-6393 (toll free in Canada)


Leslie Rose

Senior Legal Counsel, Corporate Finance

British Columbia Securities Commission
(604) 899-6654 or (800) 373-6393 (toll free in Canada)





September 25, 2009





Brent W. Aitken

Acting Chair



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