41-501 - Variation of Prospectus Disclosure Requirements for Issuers Using OSC Prospectus Rule [BCI - Rescinded]
Published Date: | 2000-12-15 |
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Effective Date: | 2000-12-31 |
Rescinded Date: | 2008-03-17 |
DATED at Vancouver, British Columbia, on December 13, 2000.
Steve Wilson
Executive Director
(This part for administrative purposes only and is not part of the Order)
Authority under which Order is made:
Act and sections:- Securities Rules, section 95
Other (specify):-
BC INSTRUMENT 41-501
VARIATION OF PROSPECTUS DISCLOSURE REQUIREMENTS FOR ISSUERS USING OSC PROSPECTUS RULE
Variation Under Section 95 of the Securities Rules
VARIATION OF PROSPECTUS DISCLOSURE REQUIREMENTS FOR ISSUERS USING OSC PROSPECTUS RULE
Variation Under Section 95 of the Securities Rules
Definitions
1. In this Instrument:
“Act” means the Securities Act (British Columbia);
“NP 43-201” means National Policy 43-201 Mutual Reliance Review System for Prospectuses and Annual Information Forms;
“OSC” means the Ontario Securities Commission;
“OSC Prospectus Rule” means OSC Rule 41-501 General Prospectus Requirements;
“Prospectus” means a long form prospectus filed in British Columbia on or after December 31, 2000 and includes, for purposes of this Instrument, an information circular, takeover bid circular or any other document that contains information required under a prospectus form, and
“Rules” means the British Columbia Securities Rules.Interpretation
2. Terms used in this Instrument that are defined or interpreted in the Act or the Rules have the meaning set out in the Act or the Rules.
Variation
3. The executive director varies each disclosure requirement in Part 9 of the Rules for any portion of a Prospectus that:
(a) complies with the comparable provision in the OSC Prospectus Rule identified in the table attached as Schedule A; or
(b) does not comply with the comparable provision because the issuer has obtained a waiver from the OSC or the principal regulator under NP 43-201.
SCHEDULE A TO BC INSTRUMENT 41-501
BC PROSPECTUS DISCLOSURE REQUIREMENTS AND
COMPARABLE SECTIONS IN THE OSC LONG FORM RULE
BC PROSPECTUS DISCLOSURE REQUIREMENTS AND
COMPARABLE SECTIONS IN THE OSC LONG FORM RULE
BC Securities Rules - Part 9 | Comparable Section in the Ontario Long Form Rule 41-501 ("LFR") or Form * |
Reference | TopicReference |
s. 98(2)-(6) | Prospectus style, order of information, inclusion of charts, graphs, logosLFR, s.3.2 |
s. 107 | Disclosure of interests of a professional personForm, 28.3 |
s. 111 | Financial statements not requiring an auditor's reportLFR, Part 4, Part 6 & s.13.3(2) |
s. 112 | Financial statement requirements for an issuer other than a mutual fund issuerLFR, Part 4 |
s. 114 | Financial statements for an acquired businessLFR, ss. 2.2 - 2.5 & Part 6 |
s. 118 | Financial statements of a guarantorLFR, Part 5 |
* Section 1.1 of OSC Rule 41-501 requires that a prospectus be prepared in accordance with OSC Form 41-501F1.