BCN 2010/30 Advance Notice of Amendments to National Instrument 51-102 Continuous Disclosure Obligations, related forms, and Companion Policy 51-102CP and Amendments to National Instrument 71-102 Continuous Disclosure and Other Exemptions Relating to Foreign Issuers and Companion Policy 71-102CP [BCN]

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Published: 2010-10-01

Related Documents

Document
CSA Notice to BCN2010/30, October 1, 2010
Appendix A - Summary of Changes, October 1, 2010
Appendix B - List of commenters and summary of comments and responses, October 1, 2010

Concurrently Published

Document
51-102 51-102 Continuous Disclosure Obligation [NI Amendment Advance Notice - Lapsed]
51-102F1 51-102F1 Management’s Discussion & Analysis [F Amendment Advance Notice - Lapsed]
51-102F2 51-102F2 Annual Information Form [F Amendment Advance Notice - Lapsed]
51-102F4 51-102F4 Business Acquisition Report [F Amendment Advance Notice - Lapsed]
51-102F5 51-102F5 Information Circular [F Amendment Advance Notice - Lapsed]
51-102F6 51-102F6 Statement of Executive Compensation [F Amendment Advance Notice - Lapsed]
51-102CP 51-102CP Continuous Disclosure Obligation [CP Amendment Advance Notice - Lapsed]
71-102 71-102 Continuous Disclosure and Other Exemptions Relating to Foreign Issuers [NI Amendment Advance Notice - Lapsed]
71-102CP 71-102CP Continuous Disclosure and Other Exemptions Relating to Foreign Issuers [CP Amendment Advance Notice - Lapsed]

In the attached advance notice, the Canadian Securities Administrators announce the expected adoption, effective January 1, 2011, of amendments to:

  • National Instrument 51-102 Continuous Disclosure Obligations
  • Form 51-102F1 Management’s Discussion & Analysis
  • Form 51-102F2 Annual Information Form
  • Form 51-102F4 Business Acquisition Report
  • Form 51-102F5 Information Circular
  • Form 51-102F6 Statement of Executive Compensation
  • Companion Policy 51-102CP Continuous Disclosure Obligations
  • National Instrument 71-102 Continuous Disclosure and Other Exemptions Relating to Foreign Issuers (NI 71-102)
  • Companion Policy 71-102CP Continuous Disclosure and Other Exemptions Relating to Foreign Issuers

The purpose of the amendments is to accommodate the changeover to International Financial Reporting Standards (IFRS) in Canada. We will publish unofficial consolidated versions of the policy documents upon the effective date.

In British Columbia, we adopted NI 71-102 as an exemption order rather than as a commission rule. Because of this, instead of adopting amendments to NI 71-102 through the rule-making process, as the rest of the CSA will do, we will revoke the current order and replace it with a version that reflects the amendments discussed in the CSA Advance Notice.

 
Questions
You may refer questions to:

Michael Moretto
Manager, Corporate Finance
British Columbia Securities Commission
(604) 899-6767 or (800) 373-6393 (toll free in Canada)
mmoretto@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.