52-504 - Directors’ Review of Interim Financial Statements [BCI - Rescinded]
- BCN 2004/16 - Adoption of National Instrument 51-102 Continuous Disclosure Obligations, National Instrument 71-102 Continuous Disclosure and Other Exemptions Relating to Foreign Issuers, and Related Instruments effective March 30, 2004 [BCN - Lapsed]
March 30, 2004
Douglas M. Hyndman
(This part is for administrative purposes only and is not part of the Order)
Authority under which Order is made:
Act and sections: Securities Act, section 171
Other (specify): Securities Rules, section 3(8)BC Instrument 52-504
Directors’ Review of Interim Financial Statements
Order Under Section 3(8) of theSecurities Rules
1. In this instrument
“Act” means the Securities Act (British Columbia);
“investment fund” has the meaning set out in National Instrument 51-102 Continuous Disclosure Obligations;
“Rules” means the British Columbia Securities Rules.
2. Terms defined or interpreted in the Act or the Rules have the same meanings in this instrument.
3. This instrument applies to all reporting issuers except for exchange issuers.
4. Subsections 3(11) and 3(12) of the Rules do not apply to interim financial statements
(a) filed by an investment fund, or
(b) in respect of interim periods in financial years starting before January 1, 2004, filed by an issuer that is not an investment fund,
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.