Securities Law

BCN 2009/34 - Notice and Request for Comment Proposed Amendments to National Instrument 51-101 Standards Of Disclosure for Oil and Gas Activities, Form 51-101F1, Form 51-101F2, Form 51-101F3 and Companion Policy 51-101CP and Proposed Consequential Amendments to Form 41-101F1 Information Required in a Prospectus [BCN - Lapsed]

Published Date: 2009-12-18
Rescinded Date: 2012-07-13
Related Document(s):

Concurrently Published:

Substance and purpose of the proposed amendments
The Canadian Securities Administrators (CSA) are publishing for comment proposed amendments to:

• National Instrument 51-101 Standards Of Disclosure for Oil And Gas Activities
• Form 51-101F1 Statement of Reserves Data and Other Oil and Gas Information
• Form 51-101F2 Report on Reserves Data by Independent Qualified Reserves Evaluator or Auditor
• Form 51-101F3 Report of Management and Directors on Oil and Gas Disclosure
• Companion Policy 51-101CP Standards of Disclosure for Oil and Gas Activities
• Form 41-101F1 Information Required in a Prospectus

The attached CSA notice describes what we and other members of the CSA are proposing. The purpose of most of these changes is to clarify or streamline requirements. We are also proposing to add requirements that would provide investors with improved oil and gas disclosure. We also propose to remove the requirement to announce the annual filings with a press release and replace it with the requirement to file a Form 51-101F4 notice on SEDAR.

The CSA notice describes where you can direct your comments relating to the proposed instruments. We will consider all comments received by March 19, 2010.

Questions
You may refer questions to:

Gordon Smith
Senior Legal Counsel, Corporate Finance
British Columbia Securities Commission
(604) 899-6656 or  (800) 373-6393 (toll free across Canada)
gsmith@bcsc.bc.ca

Robert Holland
Chief Mining Advisor, Corporate Finance
British Columbia Securities Commission
(604) 899-6719 or (800) 373-6393 (toll free across Canada)
rholland@bcsc.bc.ca


December 18, 2009

 

Brenda M. Leong
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.