Securities Law & Instruments

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CSA Staff Notice 43-308
Professional Associations
under NI 43-101 Standards of Disclosure for Mineral Projects



August 16, 2012

Introduction

This Notice confirms staff's view that certain professional organizations meet the tests set out in National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101) for professional associations and membership designations.

As noted in subsections 1.1(5) and 1.1(7) of Companion Policy 43-101CP (the Companion Policy), Canadian securities regulatory authorities will periodically update the list of foreign professional associations and membership designations in Appendix A of the Companion Policy. Staff may communicate its interpretation of the tests in NI 43-101 as they apply to other foreign professional associations by revisions to this Notice between periodic updates of the Companion Policy.

Addition to the List of Foreign Associations and Membership Designations

After considering submissions received, in staff's view the organization identified below meets the definition of a "professional association" in NI 43-101, and the membership designation below meets the criteria in paragraph (e) of the definition of "qualified person" in NI 43-101.

Foreign Association

Membership Designation

Date of Determination

 

The Institution of Engineers Australia (Engineers Australia)

Chartered Professional Engineer (CPEng)

May 29, 2012

This association and membership designation should be considered an addition to the list of accepted foreign associations and membership designations in Appendix A of the Companion Policy.

Issuers filing technical reports where an author holds a designation identified in this Notice should note that the author must still meet all other elements of the definition of "qualified person" in section 1.1 of NI 43-101, including the requirements for relevant education and professional experience.

Questions

Please refer your questions to any of the following people:

Robert Holland
Craig Waldie
Chief Mining Advisor, Corporate Finance
Senior Geologist, Corporate Finance
British Columbia Securities Commission
Ontario Securities Commission
604-899-6719 or 1-800-373-6393 (toll free in Canada)
416-593-8308
rholland@bcsc.bc.ca
cwaldie@osc.gov.on.ca
 
James Whyte
Luc Arsenault
Senior Geologist, Corporate Finance
Géologue
Ontario Securities Commission
Autorité des marchés financiers
416-593-2168
514-395-0337, ext. 4373
jwhyte@osc.gov.on.ca
luc.arsenault@lautorite.qc.ca