58-101 - Disclosure of Corporate Governance Practices [NI Amendment Advance Notice - Lapsed]

Concurrently Published:

• BCN 2008/06 - Notice of Adoption of Multilateral Instrument 11-102 Passport System and related companion policy, and related consequential amendments, including adoption of National Instrument 52-110 Audit Committees, related forms and companion policy, and repeal of British Columbia Instrument 52-509 Audit Committees, and Sections 144 and 145 of the Securities Rules, Adoption of National Policy 11-202 Process for Prospectus Reviews in Multiple Jurisdictions, and National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions, and Recission of National Policy 12-201 Mutual Reliance Review System for Exemptive Relief Applications, and National Policy 43-201 Mutual Reliance Review System for Prospectuses [BCN - Lapsed]

1 This Instrument amends National Instrument 58-101 Disclosure of Corporate Governance Practices.

2 Section 1.1 is amended

(a) by repealing the definition of "MI 52-110", 
 
(b) by adding the following definition:

"NI 52-110" means National Instrument 52-110 Audit Committees;, and

(c) in the definition of "subsidiary entity" by striking out "MI 52-110" and substituting "NI 52-110".

3 Section 1.2 (1) is amended by

(a) striking out "In a jurisdiction other than British Columbia, a director" and substituting "For the purposes of this Instrument, a director", and

(b) striking out "MI 52-110" and substituting "NI 52-110".

4 Section 1.2 (2) is repealed.

5 This Instrument comes into force on March 17, 2008.