BCN2010/14 Notice and Request for Comment - Proposed amendments to National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer, National Instrument 51-102 Continuous Disclosure Obligations and Companion Policy 51-102CP Continuous Disclosure Obligations, and National Policy 11-201 Delivery of Documents by Electronic Means [BCN]

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Published: 2010-04-12

Related Documents

Document
CSA Notice and Request for Comments

Concurrently Published

Document
54-101 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer [NI Amendment Proposed - Lapsed]
54-101CP 54-101CP Communication with Beneficial Owners of Securities of a Reporting Issuer [CP Amendment Proposed - Lapsed]
51-102 51-102 Continuous Disclosure Obligations [NI Amendment Proposed - Lapsed]
51-102F5 51-102F5 Information Circular [F Amendment Proposed - Lapsed]
51-102CP 51-102CP Continuous Disclosure Obligations [CP Amendment Proposed - Lapsed]
11-201 11-201 Delivery of Documents by Electronic Means [NP Amendment Proposed - Lapsed]

The Canadian Securities Administrators (CSA) are publishing for comment proposed amendments to:

  • National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer, and its companion policy
  • National Instrument 51-102 Continuous Disclosure Obligations, its companion policy and Form 51-102F5 Information Circular
  • National Policy 11-201 Delivery of Documents by Electronic Means

The attached CSA notice describes what we and other members of the CSA are proposing. The proposed amendments would:

  • give issuers the choice to use a notice and access process for sending proxy-related materials to beneficial and registered owners for meetings that are not special meetings
  • simplify the beneficial owner proxy-appointment process
  • impose stricter rules on third party use of beneficial owner information and the indirect sending method of sending materials to beneficial owners

We have asked a number of specific questions about our proposals in the CSA notice.

The CSA notice describes where you should send your comments on the proposed amendments. We will consider all comments received by August 31, 2010.

April 12, 2010


Brent W. Aitken
Vice Chair

 

 Ref:

National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer, and Companion Policy 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer
National Instrument 51-102 Continuous Disclosure Obligations and Companion Policy 51-102 Continuous Disclosure Obligations 51-102F5 Information Circular
National Policy 11-201 Delivery of Documents by Electronic Means


This Notice may refer to other documents. You can find these documents at the B.C. Securities Commission public website at
 www.bcsc.bc.ca in the section Securities Law & Policy: Policies & Instruments.