Securities Law & Instruments

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AMENDMENTS TO
NATIONAL INSTRUMENT 52-107 ACCEPTABLE ACCOUNTING PRINCIPLES AND AUDITING STANDARDS



1. National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards is amended by this Instrument.

2. Section 1.1 is amended

(a) by deleting "except in Ontario, " from paragraph (d) of the definition of "acquisition statements".

3. Subsection 2.1(2) is amended

(a) by deleting "except in Ontario, " wherever it occurs, and

(b) by deleting "and" at the end of paragraph (g), by adding ", and" at the end of paragraph (h) and by adding the following paragraph:

(i) all financial statements

(i) filed by an issuer under subsection 2.9(17.4) of National Instrument 45-106 Prospectus Exemptions,

(ii) delivered by an issuer under subsection 2.9(17.5) of National Instrument 45-106 Prospectus Exemptions, or

(iii) made reasonably available by an issuer under subsection 2.9(17.6) of National Instrument 45-106 Prospectus Exemptions.

4. In the following provisions, "(c) and (e)" is replaced with "(c), (e) and (i)":

(a) subsection 3.2(1);

(b) subsection 3.7(1);

(c) subsection 3.8(1);

(d) subsection 3.9(1);

(e) subsection 3.10(1).

5. This Instrument comes into force in Ontario on January 13, 2016 and in Alberta, New Brunswick, Nova Scotia, Québec and Saskatchewan on April 30, 2016.