Securities Law

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

Published Date: 2011-07-15
Rescinded Date: 2013-02-28

Concurrently Published:

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.