51-102 - Continuous Disclosure Obligations [NI Amendment Proposed - Lapsed]

Concurrently Published:

• BCN 2011/19 - Notice and Request for Comment Proposed Amendments to National Instrument 41-101 General Prospectus Requirements, and its companion policy, National Instrument 44-101 Short Form Prospectus Distributions, and its companion policy, National Instrument 44-102 Shelf Distributions, and its companion policy, National Instrument 81-101 Mutual Fund Prospectus Disclosure, and related consequential amendments [BCN - Lapsed]

1. National Instrument 51-102 Continuous Disclosure Obligations is amended by this Instrument.

2. Section 1.1 is amended in the definition of “executive officer”, by inserting  “(a.1)  a chief executive officer or chief financial officer;” after  “(a) a chair, vice-chair or president;”.

3. Paragraph 8.10(1)(b) is amended by adding the following after “that is not of securities of another issuer”:

      “, unless the vendor transferred the business referenced in paragraph (1)(a) to such other issuer which

(i) was created for the sole purpose of facilitating the acquisition; and

(ii) other than assets or operations relating to the transferred business, has no 

(A) substantial assets; or

(B) operating history”

4. This Instrument comes into force on ●, 2012.