51-801 - Implementing National Instrument 51-102 Continuous Disclosure Obligations [NI Proposed - Lapsed]
| Published Date: | 2002-06-21 |
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BC INSTRUMENT 51-801
Implementing national instrument 51-102 continuous disclosure obligations
1. Interpretation - In this Rule:
a) “Act” means the Securities Act;
b) “investment fund” means an investment fund as defined in NI 51-102;
c) “NI 51-102” means National Instrument 51-102 Continuous Disclosure Obligations; and
d) “Rules” means the Securities Rules.
2. Application - This Rule implements NI 51-102 by providing relief from the material change reporting and proxy requirements of the Act to issuers that comply with NI 51-102.
3. Material Change Reporting Exemption - Section 85 of the Act and section 151 of the Rules do not apply to a reporting issuer, other than an investment fund, that complies with Part 7 of NI 51-102.
4. Proxy Requirements Exemption - Section 117 of the Act does not apply to a person, other than an investment fund, soliciting proxies from securityholders if that person complies with Part 9 of NI 51-102.
5. Effective Date - This Rule comes into force on •, 2002.