Securities Law

BCN 2009/20 - Notice and Request for Comment on Proposed Amendments to National Instrument 51-102 Continuous Disclosure Obligations, Forms 51-102F1, 51-102F2, 51-102F4, 51-102F5, 51-102F6, and Companion Policy 51-102CP and Proposed Amendments to National Instrument 71-102 Continuous Disclosure and Other Exemptions Relating to Foreign Issuers and Companion Policy 71-102CP [BCN - Lapsed]

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Rescinded Date: 2012-07-13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

Concurrently Published:

Substance and purpose of the proposed amendments
The Canadian Securities Administrators (CSA), except the Autorité des marchés financiers and the New Brunswick Securities Commission, are publishing for comment proposed amendments to:

  • National Instrument 51-102 Continuous Disclosure Obligations
  • Form 51-102F1 Management’s Discussion & Analysis
  • Form 51-102F2 Annual Information Form
  • Form 51-102F4 Business Acquisition Report
  • Form 51-102F5 Information Circular
  • Form 51-102F6 Statement of Executive Compensation
  • Companion Policy 51-102CP Continuous Disclosure Obligations
  • National Instrument 71-102 Continuous Disclosure and Other Exemptions Relating to Foreign Issuers
  • Companion Policy 71-102CP Continuous Disclosure and Other Exemptions Relating to Foreign Issuers

The attached CSA notice describes what we and other members of the CSA are proposing. The CSA notice also explains that the Autorité des marchés financiers and the New Brunswick Securities Commission intend to publish the proposed amendments, in French and English, during the first quarter of 2010.

The primary purpose of these changes is to accommodate the changeover to International Financial Reporting Standards. A small number of housekeeping changes are also being made.

When the amendments come into force, we will adopt NI 71-102 as a blanket 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 notice.

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.

Questions
You may refer questions to:

Michael Moretto
Manager, Corporate Finance
British Columbia Securities Commission
(604) 899-6767 or (800) 373-6393 (toll free in Canada)
mmoretto@bcsc.bc.ca

Leslie Rose
Senior Legal Counsel, Corporate Finance
British Columbia Securities Commission
(604) 899-6654 or (800) 373-6393 (toll free in Canada)
lrose@bcsc.bc.ca


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 www.bcsc.bc.ca in the Policies & Instruments or Historical Policies & Instruments sections of the website.