Office of the Superintendent of Securities

CSA Notices

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Gives notice of CSA Staff Notices that are withdrawn because they are no longer required.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

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.

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.

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

24-301

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. 

31-312

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

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.

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.

44-302

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.

45-301

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

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.

47-302

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.

51-304

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

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

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

55-308

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".

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.

62-305

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.

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