Securities Law & Instruments


AMENDMENTS TO

NATIONAL INSTRUMENT 55-102 SYSTEM FOR ELECTRONIC DISCLOSURE BY INSIDERS (SEDI)

1.1 National Instrument 55-102 System for Electronic Disclosure by Insiders (SEDI) is amended by this Instrument.

1.2 Section 5.2 is repealed and substituted with the following,

5.2 Authentication and Access Key - When information is filed in SEDI format, the identity of the SEDI filer or the authority of the filing agent shall be authenticated by

(a) the use of the SEDI filer's username and password by the SEDI filer;

(b) the use of the SEDI filer's access key by the filing agent; or

(c) the use of the SEDI filer's username and password and SEDI filer's access key by the SEDI filer when first linking to the insider profile created by a filing agent.

1.3 This amendment comes into force June 13, 2008.

AMENDMENTS TO

FORM 55-102F1 INSIDER PROFILE,

FORM 55-102F2 INSIDER REPORT,

FORM 55-102F3 ISSUER PROFILE SUPPLEMENT AND

FORM 55-102F6 INSIDER REPORT

1. Form 55-102F1 Insider Profile, Form 55-102F2 Insider Report, Form 55-102F3 Issuer Profile Supplement and Form 55-102F6 Insider Report are amended by this Instrument.

2. Form 55-102F1 is amended by,

a. in the second paragraph of item 7, striking out ", New Brunswick"

b. adding the following as a third paragraph to item 7:

If the insider is resident in New Brunswick, the insider may choose to receive any correspondence from the New Brunswick securities regulatory authority in French or English.; and

c. in item 14 under Notice -- Collection and Use of Personal Information, inserting the words "New Brunswick," immediately after "Quebec", striking out the words "Commission des valeurs mobilières du Québec" and substituting them with "Autorité des marchés financiers", changing the address and telephone number of the Manitoba Securities Commission to "500-400 St. Mary Avenue, Winnipeg, Manitoba, R3C 4K5 - Telephone: (204) 945-0605" and inserting "New Brunswick Securities Commission, 85 Charlotte Street, Suite 300 Saint John, NB E2L 2J2 Attention: Corporate Finance Officer Telephone: (506) 658-3060 or (866) 933-2222 (in New Brunswick)" at the end of the form.

3. Form 55-102F2 is amended by

a. repealing item 3 and substituting it with the following:

3. Review issuer information

Review the information contained in the insider profile with respect to the selected reporting issuer to ensure that the information is correct. To do this, click on "Insider profile" in the top bar and the "Introduction to insider profile activities (Form 55-102F1)" screen will appear.

You must review the information in the insider profile with respect to the selected reporting issuer and, if the information is not correct, you must amend it by filing an amended insider profile. To do this, click on "Amend insider profile" in the bar on the left side and make the necessary corrections.

b. repealing item 4 and substituting it with the following:

4. Review new issuer event reports

If the reporting issuer has filed an issuer event report that has not previously been viewed or that has been previously flagged for further viewing, you must review the issuer event report.

To do this you must do the following: i) After you have selected an issuer and before selecting the "File insider report" feature, on the screen entitled "File insider report (Form 55-102F2) -- Select issuer", click on the feature entitled "View issuer event reports" and the "Listing of issuer event reports" screen appears. ii) Next, click on the radio button for the report you wish to see and then select "View Report" and the "View issuer report information" screen appears with the text of the issuer event report.

If the insider's holdings of securities of the reporting issuer have been affected by an issuer event, the change in holdings must be reported.

c. in item 25 under Notice -- Collection and Use of Personal Information, inserting the words "New Brunswick," immediately after "Quebec", striking out the words "Commission des valeurs mobilières du Québec" and substituting them with "Autorité des marchés financiers", changing the address and telephone number of the Manitoba Securities Commission to "500-400 St. Mary Avenue, Winnipeg, Manitoba, R3C 4K5 - Telephone: (204) 945-0605" and inserting "New Brunswick Securities Commission, 85 Charlotte Street, Suite 300 Saint John, NB E2L 2J2 Attention: Corporate Finance Officer Telephone: (506) 658-3060 or (866) 933-2222 (in New Brunswick)" at the end of the form.

4. Form 55-102F3 is amended by, in item 9 under Notice -- Collection and Use of Personal Information, inserting the words "New Brunswick," immediately after "Quebec", striking out the words "Commission des valeurs mobilières du Québec" and substituting them with "Autorité des marchés financiers", changing the address and telephone number of the Manitoba Securities Commission to "500-400 St. Mary Avenue, Winnipeg, Manitoba, R3C 4K5 -- Telephone: (204) 945-0605" and inserting "New Brunswick Securities Commission, 85 Charlotte Street, Suite 300 Saint John, NB E2L 2J2 Attention: Corporate Finance Officer Telephone: (506) 658-3060 or (866) 933-2222 (in New Brunswick)" at the end of the form.

5. Form 55-102F6 is amended by, under Notice -- Collection and Use of Personal Information, inserting the words "New Brunswick," immediately after "Quebec", under "Box 4", adding " [ ] New Brunswick", under "INSTRUCTIONS", striking out the word "and" in the first line and inserting the words "and New Brunswick" after "Québec", striking out the words "New Brunswick," in the second paragraph, striking out the words "Commission des valeurs mobilières du Québec" in the address section and substituting them with "Autorité des marchés financiers", changing the address and facsimile number of the Manitoba Securities Commission to "500-400 St. Mary Avenue, Winnipeg, Manitoba, R3C 4K5 -- Facsimile: (204) 945-0330" and inserting "New Brunswick Securities Commission, 85 Charlotte Street, Suite 300 Saint John, NB E2L 2J2 Attention: Corporate Finance Officer Telephone: (506) 658-3060 or (866) 933-2222 (in New Brunswick)" at the end of the form.

6. This amendment comes into force June 13, 2008.

ADDITIONAL INFORMATION REQUIRED IN ONTARIO

Anticipated costs and benefits

The changes to SEDI in Release 1.7.0 are expected to benefit filers by streamlining the screen flow. We anticipate that Release 1.7.0 will result in fewer filing errors and an improved insider report filing process, resulting in reduced costs to filers. We also anticipate that the costs to the CSA associated with providing support to filers will be reduced.

Authority for Amendments - Ontario

The following provisions of the Securities Act (Ontario) (the Act) provide the Ontario Securities Commission (the OSC) with authority to adopt the amendments.