51-306 - Status of Proposed Continuous Disclosure Rule [CSA Staff Notice - Rescinded]
| Published Date: | 2003-01-24 |
|---|---|
| Effective Date: | 2003-01-24 |
| Rescinded Date: | 2003-11-07 |
Introduction
On June 21, 2002, the CSA published for comment National Instrument 51-102 Continuous Disclosure Obligations. NI 51-102 would replace existing continuous disclosure obligations of reporting issuers. The CSA are currently considering the public comment on NI 51-102 and formulating responses. We aim to complete this work early in 2003 and publish a revised instrument for comment by mid-2003.
NI 51-102 Filing Deadlines Not Mandatory Before 2004
To assist reporting issuers and their advisers in planning and scheduling directors’ and securityholders’ meetings and continuous disclosure in the coming months, CSA staff advise that the NI 51-102 filing deadlines for financial statements, management discussion and analysis (MD&A) and annual information forms (AIFs) will not be mandatory for financial years beginning before January 1, 2004. We will provide more information on the transitional application of NI 51-102 when we publish the revised instrument for comment.
Questions
Please refer your questions to any of the following people:
British Columbia Securities Commission
Peter Brady, Senior Legal Counsel (604) 899-6874
Carla-Marie Hait, Chief Accountant (604) 899-6726
Michael Moretto, Associate Chief Accountant (604) 899-6767
You may also call 1-800-373-6393 from B.C. and Alberta.
Alberta Securities Commission
Mavis Legg, Manager, Securities Analysis (403) 297-2663
Manitoba Securities Commission
Bob Bouchard, Director, Corporate Finance (204) 945-2555
Nova Scotia Securities Commission
Bill Slattery, Deputy Director, Corporate Finance and Administration (902) 424-7355
Ontario Securities Commission
Joanne Peters, Senior Legal Counsel (416) 593-8134
Irene Tsatsos, Senior Accountant (416) 593-8223
Commission des valeurs mobilières du Québec
Rosetta Gagliardi, Conseillère en réglementation (514) 940-2199 ext. 4554
Saskatchewan Securities Commission
Ian McIntosh, Deputy Director, Corporate Finance (306) 787-5867
January 24, 2003