Office of the Superintendent of Securities

CSA National Instruments

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.

Companion Policy 11-102CP

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.

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.

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

Amendments to Form 21-101F2 - Initial Operation Report Alternative Trading System in effect June 22, 2007

Amendments to Form 21-101F5 - Initial Operation Report for Information Processor in effect June 22, 2007

Companion Policy 21-101CP

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

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

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

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

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

35-101

National Instrument

Conditional Exemption From Registration for United States Brokers-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.

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

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

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

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

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

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

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

55-101

National Instrument

Insider Reporting Exemptions

Provides certain exemptions from the insider reporting obligation.

Companion Policy 55-101CP

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.

Companion Policy 55-103CP

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

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.

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

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.

Table last updated November 19, 2009