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Notice of Request for Comments: OSC Rule 51-801 - Implementing NI 51-102 Continuous Disclosure Obligations
Notice of Request for Comments: OSC Rule 51-801 - Implementing NI 51-102 Continuous Disclosure Obligations
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:
- 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);
- Companion Policy 51-102CP to NI 51-102 (the Policy);
- Notice and Request for Comment regarding NI 51-102, the Forms, the Policy and related amendments and revocations; and
- 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. 51 Changes in the Ending Date of a Financial Year and in Reporting Status and National Policy No.31 Change of Auditor of a Reporting Issuer;
2. the proposed revocation of National Instrument 62-102 Disclosure of Outstanding Share Data; and
3. a proposed amendment to National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.
The Notice relating to the Implementing Rule also requests comment on:
1. proposed amendments to
a) Commission Rule 56-501 Restricted Shares; and
b) Commission Form 41-501F1.
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; and
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 Filing.
The documents are published in Chapter 6 of the Bulletin.