Notice of Request for Comments Proposed Repeal and Replacement: NI - 45-102 - Resale of Securities

ONTARIO SECURITIES COMMISSION
NOTICE
 
PROPOSED REPEAL AND REPLACEMENT OF
MULTILATERAL INSTRUMENT 45-102 RESALE OF SECURITIES,
FORMS 45-102F1, F2 AND F3 AND
COMPANION POLICY 45-102CP RESALE OF SECURITIES
AND
PROPOSED AMENDMENTS TO NATIONAL INSTRUMENT 13-101
SYSTEM FOR ELECTRONIC DOCUMENT ANALYSIS AND RETRIEVAL (SEDAR)
AND
PROPOSED AMENDMENTS TO NATIONAL INSTRUMENT 62-101
CONTROL BLOCK DISTRIBUTION ISSUES
AND
PROPOSED AMENDMENTS TO ONTARIO SECURITIES COMMISSION RULE 45-501
EXEMPT DISTRIBUTIONS

REQUEST FOR PUBLIC COMMENT

The Commission and certain other members of the Canadian Securities Administrators (the "CSA") are publishing for a 90-day comment period the following documents in today's Bulletin:

• Multilateral Instrument 45-102 Resale of Securities ("MI 45-102");
• Form 45-102F1 Notice of Intention to Distribute Securities under Section 2.8 of MI 45-102 Resale of Securities ("Form 1")
• Companion Policy 45-102CP (the "Companion Policy")

collectively, "Proposed MI 45-102".

Proposed MI 45-102 is intended to replace the current resale rule, forms and companion policy (collectively, the "Current Resale Rule") that came into effect in all CSA jurisdictions, except Québec, on November 30, 2001.

We are also proposing to make consequential amendments to National Instrument 13-101 System for Electronic Document Analysis and Retrieval (SEDAR), National Instrument 62-101 Control Block Distribution Issues and Ontario Securities Commission Rule 45-501 Exempt Distributions. We request comments by May 2, 2003.

The documents are published in Chapter 6 of the Bulletin.