NOTICE OF REQUEST FOR COMMENTS
PROPOSED NATIONAL INSTRUMENT 51-102 AND
COMPANION POLICY 51-102CP
CONTINUOUS DISCLOSURE OBLIGATIONS
PROPOSED ONTARIO SECURITIES COMMISSION RULE 51-801
IMPLEMENTING NATIONAL INSTRUMENT 51-102
CONTINUOUS DISCLOSURE AND COMPANION POLICY 51-801CP
The Commission is publishing for comment in today's Bulletin:
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National Instrument 51-102 Continuous Disclosure Obligations (NI 51-102) which contains Form 51-102F1 Annual Information Form (AIF) , Form 51-102F2 Management Discussion and Analysis (MD&A), Form 51-102F3 Material Change Report (MCR), Form 51-102F4 Business Acquisition Report (BAR), Form 51-102F5 Information Circular and Form 51-102F6 Statement of Executive Compensation (collectively the Forms);
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Companion Policy 51-102CP to NI 51-102 (the Policy);
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Notice and Request for Comment regarding NI 51-102 , the Forms, the Policy and related amendments and revocations; and
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Commission Rule 51-801 Implementing National Instrument 51-102 Continuous Disclosure Obligations (the Implementing Rule) and its Companion Policy and Notice and Request for Comment.
The Notice relating to NI 51-102 also requests comment on:
1. the proposed rescission of National Policy No. 3 Unacceptable Auditors, National Policy No. 27 Canadian Generally Accepted Accounting Principles, National Policy No.31 Change of Auditor of a Reporting Issuer, and National Policy 50 Reservations in an Auditor's Report;
2. the proposed revocation of National Instrument 62-102 Disclosure of Outstanding Share Data; and
3. amendments to Multilateral Instrument 45-102 Resale of Securities.
The Notice relating to the Implementing Rule also requests comment on:
1. proposed amendments to Commission Rule 56-501 Restricted Shares;
2. the proposed revocation of:
a) Commission Rule 51-501 AIF & MD&A
b) Commission Rule 52-501 Financial Statements
c) Commission Rule 54-501 Prospectus Disclosure
d) Commission Rule 62-102 Disclosure of Outstanding Share Data; and
3. the proposed rescission of
a) Companion Policy 51-501CP to Commission Rule 51-501 AIF & MD&A,
b) Companion Policy 52-501CP to Commission Rule 52-501 Financial Statements,
c) Commission Policy 52-601 Applications for Exemptions from Preparation and Mailing of Interim Financial Statements, Annual Statements and Proxy Solicitation Material; and
d) Commission Policy 51-603 Reciprocal Filings;
The documents are published in Chapter 6 of the Bulletin.
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