BCN 2010/28 Advance Notice of Repeal and Replacement of National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards and Companion Policy 52-107CP and Amendments to National Instrument 14-101 Definitions and other Related Amendments [BCN]

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Published: 2010-10-01

Related Documents

Document
CSA Notice of Amendments to 52-107, October 1, 2010
Appendix A - List of Commenters, October 1, 2010
Appendix B - Summary of Comments and CSA Responses, October 1, 2010
Appendix C - Summary of Changes, October 1, 2010
Appendix J - Adoption Procedures, October 1, 2010

Concurrently Published

Document
52-107 52-107 Acceptable Accounting Principles and Auditing Standards [NI Amendment Advance Notice - Lapsed]
52-107 52-107 Acceptable Accounting Principles and Auditing Standards [NI Blackline Amendment Advance Notice - Lapsed]
52-107CP 52-107CP Acceptable Accounting Principles and Auditing Standards [CP Amendment Advance Notice - Lapsed]
14-101 14-101 Definitions [NI Amendment Advance Notice - Lapsed]
13-101 13-101 System for Electronic Document Analysis and Retrieval (SEDAR) [NI Amendment Advance Notice - Lapsed]
21-101 21-101 Marketplace Operation [NI Amendment Advance Notice - Lapsed]
21-101F1 21-101F1 Information Statement Exchange or Quotation and Trade Reporting System [F Amendment Advance Notice - Lapsed]
52-110 52-110 Audit Committees [NI Amendment Advance Notice - Lapsed]
52-110F1 52-110F1 Audit Committee Information Required in an AIF[F Amendment Advance Notice - Lapsed]
52-110F2 52-110F2 Disclosure by Venture Issuers [F Amendment Advance Notice - Lapsed]
54-101 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer [NI Amendment Advance Notice - Lapsed]
54-101F1 54-101F1 Communication with Beneficial Owners of Securities of a Reporting Issuer [F Amendment Advance Notice - Lapsed]
11-102 11-102 Passport System [MI Amendment Advance Notice - Lapsed]
62-104 62-104 Take-Over Bids and Issuer Bids [MI Amendment Advance Notice - Lapsed]
62-104F2 62-104F2 Issuer Bid Circular [F Amendment Advance Notice - Lapsed]
62-104F3 62-104F3 Directors' Circular [F Amendment Advance Notice - Lapsed]
62-104F4 62-104F4 Director's or Officer's Circular [F Amendment Advance Notice - Lapsed]
12-202 12-202 Revocation of a Compliance-related Cease Trade Order [NP Amendment Advance Notice - Lapsed]
12-203 12-203 Cease Trade Orders for Continuous Disclosure Defaults [NP Amendment Advance Notice - Lapsed]
11-102CP 11-102CP Passport System [CP Amendment Advance Notice - Lapsed]

In the attached advance notice, the Canadian Securities Administrators announce the expected adoption of National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards (NI 52-107) and its Companion Policy 52-107CP. These would replace the current versions of NI 52-107 and Companion Policy 52-107CP.

The CSA has also approved related amendments to:

  • National Instrument 14-101 Definitions
  • National Instrument 13-101 System for Electronic Document Analysis and Retrieval (SEDAR)
  • National Instrument 21-101 Marketplace Operations
  • National Instrument 52-110 Audit Committees
  • National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer
  • Multilateral Instrument 11-102 Passport System and its Companion Policy
  • Multilateral Instrument 62-104 Take-over Bids and Issuer Bids
  • National Policy 12-202 Revocation of a Compliance-related Cease Trade Order
  • National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults

The new NI 52-107, Companion Policy 52-107CP and the related amendments address changes to securities regulation arising from the changeover to International Financial Reporting Standards (IFRS) in Canada and have an effective date of January 1, 2011. We will publish unofficial consolidated versions of the policy documents upon the effective date.


Questions
You may refer questions to:

Carla-Marie Hait
Chief Accountant
British Columbia Securities Commission
(604) 899-6726 or (800) 373-6393 (toll free in Canada)
chait@bcsc.bc.ca

Manuele Albrino
Associate Chief Accountant
British Columbia Securities Commission
(604)899-6641 or (800) 373-6393 (toll free in Canada)
malbrino@bcsc.bc.ca

Leslie Rose
Senior Legal Counsel, Corporate Finance
British Columbia Securities Commission
(604) 899-6654 or (800) 373-6393 (toll free in Canada)
lrose@bcsc.bc.ca


October 1, 2010


Brenda M. Leong
Chair


This Notice may refer to other documents. These documents can be found at the B.C. Securities Commission public website atwww.bcsc.bc.ca in the Policies & Instruments or Historical Policies & Instruments sections of the website.