52-504 - Directors Review Of Interim Financial Statements [BCI - Rescinded]
| Published Date: | 2001-06-01 |
|---|---|
| Effective Date: | 2001-05-30 |
| Rescinded Date: | 2004-03-30 |
BRITISH COLUMBIA SECURITIES COMMISSION
BC INSTRUMENT 52-504
The British Columbia Securities Commission, having considered that to do so would not be prejudicial to the public interest, orders that the attached BC Instrument 52-504 entitled “Directors Review of Interim Financial Statements” is made.
May 30, 2001
Brent W. Aitken
Member
(This part for administrative purposes only and is not part of the Order)
Authority under which Order is made:
Act and sections:-
Other (specify):- Securities Rules, section 3(8)
BC INSTRUMENT 52-504
Directors Review Of Interim Financial Statements
Order Under Section 3(8) of the Securities Rules
Definitions
1. In this Instrument
“Act” means the Securities Act (British Columbia)
“Rules” means the British Columbia Securities Rules.
Interpretation
2. Terms defined or interpreted in the Act or the Rules have the same meanings in this instrument.
Application
This instrument applies to all reporting issuers except for exchange issuers.
Exemption
3. Sections 3(12) and 3(13) of the Rules do not apply to interim financial statements if the issuer’s board of directors, or the audit committee of the board of directors, reviews them before they are filed under section 144 of the Rules and sent to the issuer’s securityholders.
Effective Date
4. This exemption applies to interim periods that end after June 30, 2001 and are part of fiscal years beginning on or after January 1, 2001.