Office of the Superintendent of Securities

Consolidated Instruments List: CSA Notices, CSA Policies, CSA Notices, and NWT Local Rules

11-102

Multilateral Instrument

Passport System

Implements, in the main areas of securities regulation, a system that gives a market participant access to the capital markets in multiple jurisdictions by dealing only with its principal regulator and meeting the requirements of one set of harmonized rules.

Amendments in effect April 30, 2010

Companion Policy 11-102CP

11-201

 

National Policy

In effect Jan 1, 2000.

 

 

Delivery of Documents by Electronic Means

States the views of the CSA on how obligations imposed by securities legislation to deliver documents can be satisfied by electronic means.

Amendments In effect Feb 14, 2003

Consolidated version

11-202

 

National Policy

In effect March 17, 2008

Process for Prospectus Reviews in Multiple Jurisdictions

Sets out the processes for the filing and review of prospectuses in multiple jurisdictions and includes interfaces for market participants in passport applications to gain access to the Ontario markets. 

Amendments to NP 11-202 in effect September 28, 2009

11-203

 

National Policy

In effect March 17, 2008

Process for Exemptive Relief Applications in Multiple Jurisdictions

Sets out the processes for the filing and review of exemptive relief applications in multiple jurisdictions and includes interfaces for market participants in passport applications to gain access to the Ontario markets. 

Amendments to NP 11-203 in effect September 28, 2009

11-204

National Policy

In effect September 28, 2009

Process for Registration in Multiple Jurisdictions

Describes procedures for a firm or individual to register in more than one Canadian jurisdiction.

11-305

CSA Staff Notice

January 16, 2004

Withdrawal of CSA Staff Notice 42-301 and 52-302

Gives notices of withdrawal of CSA Staff Notices 42-301and 52-302 Dual Reporting of Financial Information effective March 30, 2004.  Dual reporting issuers should refer to NI 52-107. 

11-309

CSA Staff Notice

March 3, 2006

Withdrawal of CSA Staff Notices

Gives notice of CSA Staff Notices that are withdrawn because they are no longer required.

11-312

CSA Staff Notice

February 19, 2010

National Numbering System

Sets out the system for numbering securities regulatory instruments.

11-313

CSA Staff Notice

February 19, 2010

Withdrawal of Notices and Policies

Withdraws a number of CSA notices and policies.

11-801

NWT Implementing Rule

October 26, 2008, as amended to January 28, 2010

Adoption of Existing CSA Instruments (French Version)

This instrument adopts all national and multilateral instruments, subject to such minor changes as are necessary to apply these instruments in the Northwest Territories (e.g. changes to section references to refer to the new Act; changes to NWT contact information).

11-802

NWT Implementing Rule

September 28, 2009

Adoption of Multilateral Instrument 11-102 (French Version)

Adopts Multilateral Instrument 11-102, repeals Multilateral Instrument 11-101, and makes consequential amendments to NWT Implementing Rule 11-801.

12-202

National Policy

In effect July 27, 2007.

National Policy 12-202 Revocation of a Compliance-related Cease Trade Order

Outlines what issuers, security-holders or other parties must do to apply for a partial or full revocation of a compliance-related cease trade order.

Amendments to NP 12-202 in effect March 17, 2008.

12-203

National Policy

In effect September 1, 2008.

Cease Trade Orders for Continuous Disclosure Defaults

Provides guidance to reporting issuers, investors and market participants as to how the CSA will generally respond to certain types of continuous disclosure defaults.

12-304

 

National Policy

In effect August 11, 2000

Mutual Reliance Review System for Exemptive Relief Applications Frequently Occurring Issues

Gives guidance on procedures and issues under the Mutual Reliance Review System for Exmeptive Relief Applications.

12-307

CSA Staff Notice

Sept 12, 2003.  Revised:
February 4, 2005.   November 1, 2006.   March 7, 2008.

Applications for a Decision that an Issuer is not a Reporting Issuer

Sets out a revised procedure for applications to cease to be a reporting issuer.

12-309

National Policy

In effect September 19, 2005

Impact of the Principal Regulator System on the MRRS for Exemptive Relief Applications

Provides guidance on how the principal regulator system works in conjunction with the MRRS for Exemptive Relief for issuers that need an exemption from continuous disclosure or prospectus eligibility requirements.

12-501

NWT Local Rule

October 26, 2008

Discretionary Exemptions (French Version)

Where the new Act imposes new requirements that correspond with requirements in other Canadian jurisdictions and an exemption from such requirements has been granted by another Canadian jurisdiction, that exemption will be deemed to apply in the Northwest Territories, subject to the same terms and conditions that apply in the other jurisdiction.

13-101

National Instrument

NI 13-101 System for Electronic Document Analysis and Retrieval (SEDAR)

SEDAR Filer Manual Version 8.3

Requires issuers to transmit certain documents to securities regulatory authorities in electronic format using the System for Electronic Document Analysis and Retrieval known as SEDAR.  Sets out certain requirements for filing on SEDAR.

13-315

CSA Staff Notice

February 19, 2010

Securities Regulatory Authority Closed Dates 2010

Sets out the list of closed dates of the securities regulatory authorities for 2010.

14-101

National Instrument

Definitions

Sets out the definitions of terms used in more than one national instrument for the purpose of interpreting all national instruments.

Amendments in effect April 30, 2010

21-101

National Instrument

Marketplace Operation

Regulates all securities marketplaces operating in Canada including exchanges, quotation and trade reporting systems and alternate trading systems.

Amendments to NI 21-101 Marketplace Operation in effect January 28, 2010

Forms

Form 21-101F2 - Initial Operation Report Alternative Trading System

Form 21-101F5 - Inital Operation Report for Information Processor

Companion Policy 21-101CP

Amendments to Companion Policy 21-101CP in effect January 28, 2010

21-801

NWT Local Rule

January 28, 2010

Marketplace Operation and Trading Rules (French Version)

Adopts amendments made by the Canadian Securities Administrators to National Instrument 21-101 Marketplace Operation and National Instrument 23-101 Trading Rules and makes consequential amendments to NWT Implementing Rule 11-801.

23-101

National Instrument

Trading Rules

Sets out common trading rules that apply to all trading whether on a marketplace or not.

Amendments to NI 23-101 Trading Rules in effect January 28, 2010

Companion Policy 23-101CP

Amendments to Companion Policy 23-101CP  in effect January 28, 2010

23-102

National Instrument

Use of Client Brokerage Commissions

Sets out requirements pertaining to brokerage transactions involving client brokerage commissions that are directed to a dealer in return for the provision of order execution goods and services or research goods and services.

Companion Policy 23-102CP

23-302

CSA Staff Notice

April 15, 2005

Joint Regulatory Notice - Electronic Audit Trail Initiative (TREATS)

Provides an update on the Transaction Reporting Electronic Audit Trail System 5(TREATS).  TREATS is to fulfill the audit trail requirements introduced in NI 23-101 Trading Rules

23-304

Joint CSA/SRO Notice

March 17, 2006

Status of the Transaction Reporting and Electronic Audit Trail System (TREATS)

Gives an update on the status of TREATS, a proposed system to facilitate compliance with the audit trail requirements introduced in NI 23-101 Trading Rules.

23-307

CSA Staff Notice

February 19, 2010

Order Protection Rule - Implementation Milestones

24-101

National Instrument

Institutional Trade Matching and Settlement

Provides a general framework in provincial securities regulation for ensuring more efficient and timely settlement processing of trades, particularly institutional trades.

Companion Policy 24-101CP

Form 24-101F1 Registrant Exception Report of DAP/RAP Trade Reporting and Matching

Form 24-101F2 Clearing Agency Quarterly Operations Report of Institutional Trade Reporting and Matching

Form 24-101F3 Matching Service Utility Notice of Operations 

Form 24-101F4 Matching Service Utility Notice of Cessation of Operations

Form 24-101F5 Matching Service Utility Quarterly Operations Report of Institutional Trade Reporting and Matching

24-301

CSA Staff Notice

February 11, 2005

Responses to Comments on Discussion Paper 24-401 on Straight Through Processing and Proposed NI 24-101

Discussion Paper 24-401

Provides an update on industry and regulatory developments on straight through processing and a summary of the comments received on Discussion Paper 24-401 released on April 16, 2004. 

24-302

CSA Staff Notice

March 3, 2006

Entitlement to Payments to The Canadian Depository for Securities Limited (CDS)

Encourages issuers and offerors that pay entitlements in Canadian dollars to CDS for distribution to CDS participants, to make such payments using the Large Value Transfer System (LVTS) operated by the Canadian Payments Association.

24-303

CSA Staff Notice

December 8, 2006

Report of the CSA SRO Oversight Project Committee

24-305

CSA Staff Notice

December 14, 2007

Frequently Asked Questions about NI 24-101 Institutional Trade Matching and Settlement

24-306

CSA Staff Notice

February 1, 2008

Exception Reporting under NI 24-101 Institutional Trade Matching and Settlement

Sets out information on how to make exception reports under NI 24-101

24-307

CSA Staff Notice

April 4, 2008

Exemption from Transitional Rule: Extension of Transitional Phase in Period in National Instrument 24-101 Institutional Trade Matching and Settlement

Informs stakeholders of the decision of the CSA to extend the transitional phase-in period in NI 24-101 by an additional 24 months. 

31-102

National Instrument

National Registration Database

Requires that certain registration information, including applications for registration by individuals, be submitted to regulators electronically through the NRD.

Companion Policy 31-102CP

31-103

National Instrument

Registration Requirements and Exemptions

Registration requirements for firms and individuals who sell securities and exchange contracts, offer investment advice or manage investment funds.

Companion Policy 31-103CP

31-312

CSA Staff Notice

August 7, 2009

The Exempt Market Dealer Category under National Instrument 31-103 Registration Requirements and Exemptions

Summarizes the key requirements and transition process of the new exempt market dealer category

31-313

CSA Staff Notice

December 18, 2009

Registration Requirements and Exemptions and Related Instruments - Frequently Asked Questions as of December 18, 2009

NI 31-103 Registration Requirements and Exemptions and Related Instruments Frequently Asked Questions

31-314

CSA Staff Notice

February 5, 2010

Registration Requirements and Exemptions and Related Instruments - Frequently Asked Questions as of February 5, 2010

Supplements the CSA Staff Notice 31-313 - NI 31-104 Registration Requirements and Exemptions and Related Instruments - Frequently Asked Questions as of December 18, 2009.  The questions addressed in this notice all relate to financial reporting requirements during the first year under the new registration regime that was introduced on September 28, 2009.

31-315

CSA Staff Notice

February 25, 2010

Omnibus / blanket orders exempting registrants from certain provisions of National Instrument 31-103 Registration Requirements and Exemptions

Since the coming into force of NI 31-103 Registration Requirements and Exemptions, the CSA have received applications requesting exemptions from certain provisions of the Instrument. CSA members have issued orders which have been published with this notice

31-501

NWT Local Rule

September 28, 2009

Registration (French Version )

Adopts the national registration rule. Registrations that are current on the coming into force date will expire on December 31st but will become permanent when they are renewed.

31-801

NWT Implementing Rule

September 28, 2009

Adoption of National Instruments 31-103 and 33-109 (French Version)

Adopts National Instruments 31-103 and 33-109, repeals National Instruments 31-101, 33-102, and 33-109, and makes consequential amendments to NWT Implementing Rule 11-801.

33-105

National Instrument

Underwriting Conflicts

Imposes requirements on distributions where the relationship between the selling security holder and the registrant acting as underwriter raises the possibility of a conflict between its own interests or those of the selling security holder, and those of investors.

Companion Policy 33-105CP

33-109

National Instrument

Registration Information

Consolidates and harmonizes requirements regarding initial submission of registration information and updating that information. Please note that applications for registration of a corporation or partnership must include an address for service within the Northwest Territories.  If you wish to retain a law firm for this purpose, please refer to www.lawsociety.nt.ca for a list of law firms located in the Northwest Territories.

Companion Policy 33-109CP

Form 33-109F1 - Notice of Termination

Form 33-109F2 - Change or Surrender of Individual Categories

Form 33-109F3 - Business Locations Other Than Head Office

Form 33-109F4 - Registration Information for an Individual

Form 33-109F5 - Change of Registration Information

Form 33-109F6 Firm Registration

Form 33-109F7 Reinstatement of Registered Individuals and Permitted Individuals

Securities Fraud Information Centre - Records Request/Reply

33-308

CSA Staff Notice

Sept 19, 2003

The CSA STP Readiness Survey Report is Now Available on the OSC Web site

Gives notice that the STP Readiness Survey Report is available on the OSC Web site.

33-311

CSA Staff Notice

June 12, 2009

Proposed National Instrument 31-103 Registration Requirements and Exemptions Transition into the New Registration Regime

Describes how CSA staff and IIROC foresee transitioning firms and individuals from the existing registration regime to the new registration regime under NI 31-103.

33-313

CSA Staff Notice

Sept. 12, 2008

International Financial Reporting Standards and Registrants

Reminds registrants that the changeover to International Financing Reporting Standards announced by the Canadian Accounting Standards Board applies to certain registrants.

33-314

CSA Staff Notice

July 10, 2009

International Financial Reporting Standards and Registrants

Gives notice of CSA staff's views on whether registrants are required to use International Financial Reporting Standards for financial years beginning on or after January 1, 2011.

33-315

CSA Staff Notice

September 2, 2009

Suitability Obligation and Know Your Product

Reminds registrants of their duty under securities law to satisfy their suitability obligations to clients, and provides guidance on how to do that.

34-202

 

Multilateral Policy

In effect Oct 16, 1998.

Registrants Acting as Corporate Directors

Expresses the views of the CSA as to the potential for conflicts of interest arising if a registrant acts as a director of or advisor to a reporting issuer.

35-101

National Instrument

NI 35-101 Conditional Exemption From Registration for United States Broker-dealers and Agents

Provides U.S. broker-dealers and their agents with a conditional exemption from the applicable registration and prospectus requirements under Canadian securities legislation.

Companion Policy

Form F1 - Form of Submission to Jurisdiction and Appointment of Agent for Service of Process by Broker-Dealer

Form F2 - Form of Submission to Jurisdiction and Appointment of Agent for Service of Process by Agents of the Broker-Dealer

41-101

National Instrument

General Prospectus Requirements

Creates a comprehensive, seamless and transparent set of national prospectus requirements for all issuers including investment funds, other than mutual funds filing a prospectus under NI 81-101.

Form 41-101F1 Information Required in a Prospectus in effect March 17, 2008

Form 41-101F2 Information Required in an Investment Fund Prospectus in effect March 17, 2008

Form 41-101F2 Information Required in an Investment Fund Prospectus in effect September 8, 2008

Companion Policy 41-101CP

41-201

National Policy

In effect December 3, 2004.

Income Trusts and Other Indirect Offerings

Establishes a mutual reliance review system for prospectuses and AIFs.

Amendments to NP 41-201 In effect December 31, 2007

43-101

National Instrument

Standards of Disclosure for Mineral Projects

Regulate all disclosure that an issuer makes concerning mineral projects that is reasonably likely to made available to the public.  Consolidates and expands National Policy Statements 2-A Guide for Engineers, Geologists and Prospectors Submitting Reports on Mining Properties to the Canadian Securities Administrators.

Companion Policy 43-101CP

Form 43-101F1 Technical Report

Frequently Asked Questions

43-302

CSA Staff Notice

October 19, 2001.

Revised February 8, 2002.

Revised January 24, 2003

Frequently Asked Questions on National Instrument 43-101 Standards of Disclosure for Mineral Projects

Sets out frequently asked questions and answers respecting National Instrument 43-101 Standards of Disclosure for Mineral Projects.

43-306

June 2, 2006

Technical reports filed for prospectus offerings

Sets out planned a change to administrative practices related to:  1. public access to technical reports and related materials filed with preliminary prospectuses; and 2. the technical materials an issuer must file before a member of the CSA will issue a receipt for a preliminary prospectus.

44-101

National Instrument

Short Form Prospectus Distributions

Prescribes conditions for the use of a short form prospectus to distribute securities to the public.  Replaces National Policy Statement 47 Prompt Offering Qualification System.

Companion Policy 44-101CP

Form 44-101F1 Short Form Prospectus

CSA Notice 44-301 Frequently Asked Questions Regarding the New Prospectus Rules

Sets out frequently asked questions and answers respecting: NI 44-101 Short Form Prospectus Distributions, NI 44-102 Shelf Distributions, NI 44-103 Post-Receipt Pricing and OSC rule 41-501 General Prospectus Requirements.

44-102

National Instrument

Shelf Distributions

Appendix A

Appendix B

Regulates Canadian shelf prospectus distributions.  Reformulates and replaces National Policy Statement 44 Rules for Shelf Prospectus Offerings and for Pricing Offerings after the Final Prospectus is Receipted ("NP44").

Companion Policy 44-102CP

44-103

National Instrument

Post-Receipt Pricing

Regulates the Canadian post-receipt pricing regime.  Reformulates and replaces the provisions of NP44 relating to post-receipt pricing.

Companion Policy 44-103CP

44-302

CSA Staff Notice

December 16, 2005

Required forms of Certificates under MI 52-109 Certification of Disclosure in Issuers' Annual and Interim Filings

Assists certifying officers in determining what form of certificate is required under MI 52-109 for various financial years and interim periods.

44-303

CSA Staff Notice

March 10, 2006

Filing of Notice of Intent to be Qualified under NI 44-101 Short Form Prospectus Distributions

Sets out how to file a Notice of Intent to be Qualified under NI 44-101 on SEDAR.

44-304

CSA Staff Notice

July 20, 2007

CSA Staff Notice 44-304 Linked Notes Distributed Under Shelf Prospectus System 

Provides guidance tot issuers that intend to qualify linked notes for distribution by way of a shelf prospectus.

45-101

National Instrument

Rights Offerings

Sets out how an issuer may make rights offering to sell additional securities of its own issue to holders of its securities.

Form 45-101F1

Companion Policy 45-101CP

45-102

Multilateral Instrument

Resale of Securities

Implements uniform first trade restrictions for securities acquired under registration and prospectus exemptions.

Form 45-102F1

Companion Policy 45-102CP

Frequently Asked Questions Regarding the Resale Rules

45-106

National Instrument

Prospectus and Registration Exemptions

Sets out exemptions from the prospectus and registration requirements in the Act.

Form 45-106F1 Report of Exempt Distributions

Form 45-106F2 Offering Memorandum for Non-Qualifying Issuers

Form 45-106F3 Offering Memorandum for Qualifying Issuers

Form 45-106F4 Risk Acknowledgement

Companion Policy 45-106CP

45-301

CSA Staff Notice

November 30, 2001

Implementation of Multilateral Instrument 45-102 Resale of Securities  

Clarifies the application of Multilateral Instrument 45-102 Resale of Securities to resource issuers.

45-304

CSA Staff Notice

September 28, 2009

Notice of Local Exemptions Related to National Instrument 45-106 Prospectus and Registration Exemptions and National Instrument 31-103 Registration Requirements and Exemptions

Lists the prospectus and registration exemptions in each jurisdiction that are not included in NI 45-106 or NI 31-103

45-801

NWT Implementing Rule

September 28, 2009

Adoption of National Instrument 45-106 (French Version)

Adopts National Instruments 45-106 and makes consequential amendments to NWT Implementing Rule 11-801.

46-201

 

National Policy

In effect June 30, 2002

NP 46-201 Escrow for Initial Public Offerings

Describes the circumstances in which securities regulators will require an escrow of shares of a company on a initial public offering.  Describes uniform terms of an escrow agreement to be used throughout Canada.

Form 46-201F1 Escrow Agreement

46-303

CSA Staff Notice

July 7, 2006

Principal Protected Notes

Deals with the CSA's concerns about the distribution and sale of principal protected notes and the CSA's proposed course of action.

46-304

CSA Staff Notice

July 27, 2007

Update of Principal Protected Notes

Provides an updated on the CSA's consideration on principal protected notes.

46-305

CSA Staff Notice

August 29, 2008

Second Update on Principal Protected Notes

Provides an update on the CSA's review of principal protected notes and the recent coming into force of federal regulations applicable to principal protected notes.

47-201

 

National Policy

In effect Jan 1, 2000.

Trading Securities Using the Internet and Other Electronic Means

States the views of the CSA on a number of matters relating to the use of the Internet and other electronic means of communication in connection with trades and distributions of securities.

47-302

CSA Staff Notice

April 21, 2006

Pre-marketing of underwriters' options on bought deals

Sets out staffs' views that the exemption from the prospectus requirement in para 7.1(a) of NI 44-101 that  permits pre-marketing of bought deals does not apply to securities acquired by underwriters under an option granted by an issuer.

51-101

National Instrument

Standards of Disclosure for Oil and Gas Activities

Sets out disclosure requirements for oil and gas issuers.

Form 51-101F1- Statement of Reserves Data and Other Oil and Gas Information

Form 51-101F2- Report on Data by Independent Qualified Reserves Evaluator

Form 51-101F3- Report of Management and Directors on Oil and Gas Disclosure

Companion Policy 51-101CP

List of professional organizations which supersede the list in section 1.5(b)

Frequently Asked Questions

51-102

National Instrument

Continuous Disclosure Obligations

Harmonizes continuous disclosure (CD) requirements among Canadian jurisdictions, replaces most existing local CD requirements, enhances the consistency of disclosure in the primary and secondary securities markets, and facilities capital-raising initiatives such as an integrated disclosure system.

Form 51-102F1 Management's Discussion and Analysis

Form 51-102F2 Annual Information Form

Amendments to Form 51-102F2 in effect December 31, 2007

Amendments to Form 51-102F2 in effect March 17, 2008

Form 51-102F3 Material Change Report

Form 51-102F4 Business Acquisition Report

Form 51-102F5 Information Circular

Form 51-102F6 Executive Compensation (in respect of financial years ending before December 31, 2008) in effect December 31, 2008

Form 51-102F6 Statement of Executive Compensation (in respect of financial years ending on or after December 31, 2008)Amendments to Form 51-102F6 in effect December 31, 2008

Form 51-102F6 Statement of Executive Compensation (in respect of financial years ending on or after December 31, 2008) in effect December 31, 2008

Companion Policy 51-102CP

CSA Staff Notice 51-311 FAQ

51-201

National Policy

In effect July 12, 2002

Disclosure Standards

Describes timely disclosure obligations for reporting issues and provides guidance on legislative prohibitions against selective disclosure.  Also lists "best disclosure" practices and gives examples of types of information likely to be material.

Amendments to NP 51-201 In effect December 31, 2007

51-304

CSA Staff Notice

November 4, 2002

Report on Staff's Review of Executive Compensation Disclosure

Reports findings of staff's review (May to September, 2002) of issuers' executive compensation disclosure in management information circulars.  Provides guidance in complying with disclosure requirements.  

51-309

CSA Staff Notice

January 19, 2004.  Updated March 9, 2007.

National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities - Acceptance of Certain Foreign Professional Boards as a "Professional Organization"

Gives notice that the CSA have added the listed professional boards in the United States to the list of professional organizations for the purposes of NI 51-101.

51-320

CSA Staff Notice

September 8, 2006

Options Backdating

Provides guidance on the issue of backdating of options granted by reporting issuers in Canada.

51-322

CSA Staff Notice

December 15, 2006

Reporting Issuer Defaults

Sets out the deficiencies that will result in a reporting issuer being noted in default of securities laws.

51-324

CSA Staff Notice

December 28, 2007

Glossary to NI 51-101 Standards of Disclosure for Oil & Gas Activities

Defines a number of terms used in NI 51-101, its forms and companion policy  and provides that terms used in NI 51-101 that are not defined in NI 51-101,  NI 14-101 or the securities statutes in the jurisdiction have the same meaning or interpretation set out in the COGE Handbook.

51-326

CSA Staff Notice

August 13, 2008

Continuous Disclosure Review Program Activities for Fiscal 2008

Summarizes the results of the CSA's continuous disclosure (CD) review program of reporting issuers for the fiscal year ending March 31, 2008.  Also gives an overview of how the the CD review program works.

51-327

CSA Staff Notice

February 27, 2009

Oil and Gas Disclosure:  Resources Other Than Reserves Data

Provides guidance on recurring issues that CSA staff has found in reviewing reporting issuers' disclosure of resources other than reserves data.

51-328

CSA Staff Notice

January 8, 2009

Continuous Disclosure Considerations Related to Current Economic Conditions

Gives notice of specific areas that issuers should note for disclosure to help investors understand the risks and circumstances facing issuers in the current unusual economic conditions.

51-329

CSA Staff Notice

July 24, 2009

Continuous Disclosure Review Program Activities for the fiscal year ended March 31, 2009

Summarizes the results of the CSA's continuous disclosure (CD) review program of reporting issuers other than investment funds for the fiscal year ended March 31, 2009.  Also highlights certain elements to assist issuers with their accounting and CD requirements as applicable to financial statements and management's discussion and analysis.

51-330

CSA Staff Notice

November 20, 2009

Guidance Regarding the Application of Forward-looking Information Requirements under National Instrument 51-102 Continuous Disclosure Obligations

51-330

CSA Staff Notice

November 20, 2009

Report on Staff's Review of Executive Compensation Disclosure

51-802

NWT Implementing Rule

December 31, 2008

Continuous Disclosure Obligations (French Version)

Adopts amendments made by the Canadian Securities Administrators to National Instrument 51-102 Continuous Disclosure Obligations.

52-107

National Instrument

Acceptable Accounting Principles, Auditing Standards and Reporting Currency

Sets out the accounting principles that issuers (other than investment funds) and registrants may use to prepare their financial statements.  Also sets out the auditing standards that may be applied to audit those financial statements.

Companion Policy 52-107CP

52-108

National Instrument

Auditor Oversight

Requires an auditor's report that accompanies a reporting issuer's financial statements to be signed by a public accounting firm that is a member of the Canadian Public Accountability Board.

52-109

Multilateral Instrument

Restated NI 52-109 Certification of Disclosure in Issuer's Annual and Interim Filings

Requires the CEO and CFO of an issuer to personally certify the issuer's annual and interim filings with respect to certain matters.

Form 52-109F1 - Certification of Annual Filings Full Certificate

Form 52-109FV1 - Certification of Annual Filings Venture Issuer Basic Certificate

Form 52-109F1-IPO/RTO - Certification of Annual Filings Following an Initial Public Offering, Reverse Takeover or Becoming a Non-Venture Issuer

Form 52-109F1R - Certification of Refiled Annual Filings

Form 52-109F1-AIF - Certification of Annual Filings in Connection With Voluntarily Filed AIF

Form 52-109F2 - Certification of Interim Filings Full Certificate

Form 52-109FV2 - Certification of Interim Filings Venture Issuer Basic Certificate

Form 52-109F2-IPO/RTO - Certification of Interim Filings Following an initial Public Offering, Reverse Takeover or Becoming a Non-Venture Issuer

Form 52-109F2R - Certification of Refiled Interim Filings

Companion Policy 52-109CP

52-110

National Instrument

Audit Committees

Requires reporting issuers to have audit committees which are responsible for overseeing the issuer's auditors, and other matters relating to the auditors.

Form 52-110F1 - Audit Committee Information Required in an AIF

Form 52-110F2 - Disclosure by Venture Issuers

Companion Policy 52-110 CP

52-306

CSA Staff Notice

November 14, 2003. Amended August 4, 2006.

Non-GAAP Financial Measures

Provides guidance to issuers who disclose financial measures other than those prescribed by GAAP

52-309

CSA Staff Notice

May 6, 2005

MI 52-110 Audit Committees Compliance Review

Gives notice the CSA staff will conduct a review of issuers' compliance with MI 52-110 Audit Committee's requirements regarding audit committee composition and responsibilities

52-311

CSA Staff Notice

December 16, 2005

Required Forms of Certificates under MI 52-109 Certification of Disclosure in Issuers' Annual and Interim Filings

Assists certifying officers in determining what form of certificate is required under MI 52-109 for various financial years and interim periods.

52-312

CSA Staff Notice

January 13, 2006

Audit Committee Compliance Review

Outlines the results of CSA staff review of compliance with MI 52-110 Audit Committees.

52-314

CSA Staff Notice

June 29, 2006

Securities Regulators Want Your Feedback on SBRL

52-315

CSA Staff Notice

September 22, 2006

Certification Compliance Review

Outlines the results of staff's review of compliance with the certification requirements in NI 52-109, and provides guidance in complying with the requirements.

52-316

CSA Staff Notice

September 22, 2006

Certification of Design of Internal Controls over Financial Reporting

Gives staff's views regarding the ability of certifying officers of a reporting issuer to certify the design of the issuer's internal control over financial reporting (ICFR) as required by NI 52-109 if the certifying officers are aware of a weakness in the design of the issuer's ICFR.

52-317

CSA Staff Notice

February 9, 2007

Timing of Proposed National Instrument 52-109 Certification of Disclosure in Issuers' Annual and Interim Filings

Communicates the CSA's plans for publishing amendments to NI 52-109 and the proposed effective date of the revised certification requirements.

52-318

CSA Staff Notice

June 29, 2007

Audit Committee Follow-Up Compliance Review

Outlines the results of the follow-up review necessitated by the inadequate compliance with Multilateral Instrument 52-110 Audit Committees .

52-320

CSA Staff Notice

June 9, 2008

Disclosure of Expected Changes in Accounting Policies Relating to Changeover to International Financial Reporting Standards

Provides guidance to issuers on disclosure of expected changed in accounting policies relating to an issuer's changeover to International Financial Reporting Standards as the basis for preparing its financial statements.

52-321

CSA Staff Notice

June 27, 2008

Early Adoption of International Financial Reporting Standards, use of US GAAP and Reference to IFRS-IASB

Updates the market on CSA staff's views on the issues addressed in CSA concept paper 52-402 Possible changes to securities rules relating to International Financial Reporting Standards published on February 13, 2008

52-322

CSA Staff Notice

In effect, July 11, 2008

Status of Proposed Repeal and Replacement of MI 52-109 Certification of Issuers' Annual and Interim Filings

Updates market participants on the status of the initiative to repeal and replace MI 52-109.

52-324

CSA Staff Notice

May 21, 2009

Issues relating to changeover to International Financial Reporting Standards

Provides on update on issues related to the changeover to International Financial Reporting Standards beginning January 1, 2011.

52-325

CSA Staff Notice

September 11, 2009

Certification Compliance Review

Outlines the results of a recent review of compliance with National Instrument 52-109 Certification of Disclosure in Issuers' Annual and Interim Filings

52-809

NWT Implementing Rule

December 15, 2008

Certification of Disclosure in Issuers Annual and Interim Filings (French Version)

Repeals and replaces National Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings and adopts amendments to Form 51-102F1 Management's Discussion & Analysis.

54-101

National Instrument

Communication with Beneficial Owners of Securities of a Reporting Issuer

Requires reporting issuers to send proxy-related materials to the beneficial owners of its securities who not registered holders of its securities.  Provides a procedure for sending proxy-related materials and other security holder material to the beneficial owners.  Imposes obligations on various parties in the security holder communication process.

Form 54-101F1

Form 54-101F2

Form 54-101F3

Form 54-101F4

Form 54-101F5

Form 54-101F6

Form 54-101F7

Form 54-101F8

Form 54-101F9

Companion Policy 54-101CP

54-301

CSA Staff Notice

April 4, 2003

Frequently Asked Questions about National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer

Provides answers to frequently asked questions about National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer

55-101

National Instrument

Insider Reporting Exemptions

Provides certain exemptions from the insider reporting obligation.

To be repealed effective April 30, 2010

Companion Policy 55-101CP

To be repealed effective April 30, 2010

55-102

National Instrument

System for Electronic Disclosure by Insiders (SEDI)

Requires insiders of SEDI issuers to file their reports on SEDI.  SEDI issuers are reporting issuers (other than mutual funds) that are required to file materials on SEDAR.

Forn 55-102F2

Form 55-102F2

Form 55-102F3

Form 55-102F4

Form 55-102F5

Form 55-102F6

Companion Policy 55-102CP

55-103

Multilateral Instrument

Insider Reporting for Certain Derivative Transactions (Equity Monetization)

Requires insiders of reporting issuers who enter into agreements that change:

(a) their economic interest in the securities of the reporting issuer; or

(b) their economic exposure to the reporting issuer;

to file an insider report, even if they are not otherwise required to file one.

To be repealed effective April 30, 2010

Companion Policy 55-103CP

To be repealed effective April 30, 2010

55-104

National Instrument

Insider Reporting Requirements and Exemptions in effect April 30, 2010

Sets out the main insider reporting requirements and exemptions from those requirements for insiders of reporting issuers.

Companion Policy 55-104CP in effect April 30, 2010

55-308

CSA Staff Notice

November 15, 2002

Questions on Insider Reporting

Provides questions and answers on insider reporting.

55-310

CSA Staff Notice

April 11, 2003

Revised August 19, 2005

Questions and Answers on SEDI

Provides questions and answers on using SEDI

55-312

CSA Staff Notice

February 27, 2004

Insider Reporting Guidelines for Certain Derivative Transactions (Equity Monetization)

Provides guidance to insiders on reporting of derivative-based transactions which are commonly referred to as "equity monetization" transactions.

55-314

CSA Staff Notice

February 23, 2007

Use of terms "senior officer", "officer" and "insider" in National Instrument 55-101 Insider Reporting Exemptions

Provides guidance on the interpretation of the terms "senior officer", "officer" and "insider".

55-501

NWT Local Rule

October 26, 2008

Insider Trading Reporting (French Version)

This rule replaces the current reporting requirements under the Business Corporations Act and is most closely modeled on the reporting requirements under Alberta and Saskatchewan securities legislation.

58-101

National Instrument

Disclosure of Corporate Governance Practices

Requires issuers to disclose the corporate governance practices that it has adopted.  Also requires issuers to file any written code that they have adopted.

Form 58-101F1

Form 58-101F2

58-201

 

National Policy

In effect June 30, 2005

Corporate Governance Practices

Provides guidance on corporate governance practices. 

58-303

CSA Staff Notice

June 29, 2007

CSA Staff Notice 58-303 Corporate Governance Disclosure Compliance Review

Results of a review of compliance with the requirements of National Instrument 58-101 Disclosure of Corporate Governance Practices

58-305

CSA Staff Notice

November 13, 2009

Status Report on the Proposed Changes to the Corporate Governance Regime

61-301

CSA Staff Notice

Dec 10, 1999. 

Staff Guidance on the Practice of "Mini-Tenders"

Sets out CSA staff's views on mini-tenders.

62-103

National Instrument

Early Warning System & Related Take-over Bid & Inside Reporting Issues

Provides exemptions from the early warning requirements, the insider reporting requirement, and related provision to certain institutional investors that have a "passive intent" with respect to their ownership or control of securities of reporting issuers.

Amendment in effect April 30, 2010

62-104

Multilateral Instrument

Take-Over Bids and Issuer Bids in effect February 1, 2008

Harmonizes and consolidates take-over and issuer bid regimes across the CSA Jurisdictions, other than Ontario.

Form 62-104F1 Take-Over Bid Circular

Form 62-104F2 Issuer Bid Circular

Form 62-104F3 Directors' Circular

Form 62-104F4 Director's or Officer's Circular

Form 62-104F5 Notice of Change or Notice of Variation

62-202

 

National Policy

In effect Aug 4, 1997.

Take-over Bids - Defensive Tactics

States the view of the CSA on take-over bid defensive tactics. Indicates that securities regulatory authorities will take appropriate action if they become aware of defensive tactics that are likely to deny or limit the ability of shareholders to respond to a take-over bid or competing bid.

62-203

 

National Policy

In effect Feb 1, 2008

Take-Over Bids and Issuer Bids

Contains explanations and discussions of Multilateral Instrument 62-104 Take-Over Bids and Issuer Bids, Part XX - Take-Over Bids and Issuer Bids of the Securities Act (Ontario) and Ontario Securities Commission Rule 62-504 Take-Over Bids and Issuer Bids.

62-305

CSA Staff Notice

December 18, 2009

Varying the Terms of Take-Over Bids

Sets out the view of the CSA staff regarding the ability of an offeror in a formal take-over bid to vary the terms of a bid in a manner that makes the bid less favourable to offeree security holders.

71-101

National Instrument

The Multijurisdictional Disclosure System

Reformulates the multi jurisdictional disclosure system, a joint initiative implemented in 1991 by the CSA and the Securities and Exchange Commission of the United States to reduce duplicative regulation in cross-border offerings, issuer bids, take-over bids, business combinations and continuous disclosure and other filings.

Companion Policy 71-101CP

71-102

National Instrument

Continuous Disclosure and Other Exemptions Relating to Foreign Issuers

Provides relief from most of the requirements of NI 51-102 Continuous Disclosure Obligations for certain foreign issuers.

Companion Policy 71-102CP

81-101

National Instrument

Mutual Fund Prospectus Disclosure

Implements a new regulatory regime governing the disclosure provided by mutual funds in satisfaction of the prospectus requirements of securities legislation.  Requires the preparation and filing of a simplified prospectus and annual information form by all mutual funds in a prescribed form.

Form 81-101F1 - Contents of Simplified Prospectus

Form 81-101F2 - Contents of Annual Information Form

Companion Policy 81-101CP

81-102

National Instrument

Mutual Funds

Regulates all publicly offered investment funds that give investors the right to redeem securities on demand, including specialized mutual funds such as labour sponsored investment funds and mortgage funds.

Companion Policy 81-102CP

81-104

Multilateral Instrument

Commodity Pools

Sets out the rules that govern the operation of commodity pools.  Allows them to invest in commodities and use derivatives in ways not permitted for conventional mutual funds.

Companion Policy 81-104CP

81-105

National Instrument

Mutual Funds Sales Practices

Imposes restrictions on certain sales and business practices followed by managers and principal distributors of publicly offered mutual funds, and registered dealers and their sales representatives who sell them.

Companion Policy 81-105CP

81-106

National Instrument

Investment Fund Continuous Disclosure

Sets out continuous disclosure obligations of investment funds.

Form 81-106F1 Contents of Annual and Interim Management Report of Fund Performance

Companion Policy 81-106CP

81-107

National Instrument

Independent Review Committee for Investment Funds

An independent oversight regime for all publicly offered investment funds that is intended to improve investment fund governance.

81-305

 

National Policy

In effect November 19, 1999

Staff Notice 81-305 National Policy 12-201 Mutual Reliance Review System for Exemptive Relief Application ("ERA") - ERA and Applications for Approvals or Exemptions under National Policy No. 39 "Mutual Funds".

Communicates the view of CSA staff on how the MRRS for Exemptive Relief Applications relates to applications for approvals and exemptions made under National Policy 39 Mutual Funds.

81-314

CSA Staff Notice

March 18, 2005

Removal of Foreign Content Restrictions for Registered Plans - Eliminating Indirect Foreign Content Exposure in Certain RSP Funds

Sets out staff's initial guidance in response to the 2005 federal budget proposal to remove foreign content restrictions for registered plans.

81-315

CSA Staff Notice

November 25, 2005

Frequently Asked Questions on NI 81-106 Investment Fund Continuous Disclosure

Sets out a list of frequently asked questions on staff's response to those questions.

81-316

CSA Staff Notice

January 12, 2006

Hedge Funds

Summarizes the findings of a sample-based review of hedge funds in Canada

81-317

CSA Staff Notice

March 30, 2007

CSA Staff Notice 81-317 - Frequently Asked Questions on National Instrument 81-107 Independent Review Committee for Investment Funds

FAQ to assist issuers in complying with NI 81-107

Table last updated March 17, 2010