Notice of Ministerial Approval - Recission of NP 48: NI 51-102 - Continuous Disclosure Obligations

Notice of Ministerial Approval - Recission of NP 48: NI 51-102 - Continuous Disclosure Obligations

Notice of Ministerial Approval National Instrument
RESCISSION OF NATIONAL POLICY 48 FUTURE-ORIENTED FINANCIAL INFORMATION

AND

AMENDMENTS TO NATIONAL INSTRUMENT 51-102 CONTINUOUS DISCLOSURE OBLIGATIONS

AND

RELATED CONSEQUENTIAL AMENDMENTS

NOTICE OF MINISTERIAL APPROVAL


On December 6, 2007, the Minister of Finance approved amendments (the Rule and Form Amendments) to:
  • National Instrument 51-102 Continuous Disclosure Obligations,
  • Form 51-102F1 Management's Discussion and Analysis,
  • Form 44-101F1 Short Form Prospectus,
  • Form 45-101F Information Required in a Rights Offering Circular,
  • Form 45-106F2 Offering Memorandum for Non-Qualifying Issuers,
  • Form 45-106F3 Offering Memorandum for Qualifying Issuers,
  • Form 41-501F1 Information Required in a Prospectus,
  • Commission Rule 45-501 Ontario Prospectus and Registration Exemptions.
The Minister also approved the revocation (the Revocation Regulation) of s. 60 of Ontario Regulation 1015 made under the Act (R.R.O. 1990, Reg. 1015, as am.).

The Rule and Form Amendments and other consequential policy amendments relating to the rescission of National Policy 48 Future-Oriented Financial Information (collectively, the Amendments) will come into force on December 31, 2007. The Amendments are found at Chapter 5 of this issue of the OSC Bulletin. The Revocation Regulation will also come into force on December 31, 2007. The Revocation Regulation is found at Chapter 9 of this issue of the OSC Bulletin.

December 21, 2007