Securities Law

52-507 - Audit Committee Review of Interim Financial Statements of Exchange Issuers [BCI - Rescinded]

Published Date: 2001-07-25
Effective Date: 2001-07-24
Rescinded Date: 2004-03-30

Concurrently Published:

BRITISH COLUMBIA SECURITIES COMMISSION

BC INSTRUMENT 52-507

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 52-507 entitled “Audit Committee Review of Interim Financial Statements of Exchange Issuers” is made.

 

July 24, 2001

 

 


Brent W. Aitken
Member

________________________________________________________________
(This part is for administrative purposes only and is not part of the Order)

Authority under which Order is made:
Act and sections:- Securities Rules, section 3(8)
Other (specify):-

 

 


BC INSTRUMENT 52-507

Audit Committee Review of Interim Financial Statements of Exchange Issuers

Order Under Section 3(8) of the Securities Rules

Definitions

1. In this Instrument

"Act" means the Securities Act (British Columbia), and

"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

3. This Instrument applies to all exchange issuers.

Exemption

4. Section 3(12) of the Rules does not apply to interim financial statements filed under section 144 of the Rules, if the issuer’s board of directors approves the financial statements under section 3(13) of the Rules.

Effective Date

5. This exemption applies to interim periods that end on or after May 30, 2001.