CSA Staff Notice 52-322: NI - 52-109 - Certification of Disclosure in Issuers' Annual and Interim Filings

Staff of the Canadian Securities Administrators (the CSA or we) are issuing this notice to update market participants on the status of the initiative to repeal and replace Multilateral Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings and the related forms and companion policy.

On April 18, 2008, the CSA published for comment the following:

• National Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings;
• Forms 52-109F1, 52-109FV1, 52-109F1 – IPO/RTO, 52-109F1R, 52-109F1 – AIF, 52-109F2, 52-109FV2, 52-109F2 – IPO/RTO and 52-109F2R; and
• Companion Policy 52-109CP Certification of Disclosure in Issuers’ Annual and Interim Filings (collectively, the Proposed Materials).

The comment period for the Proposed Materials expired on June 17, 2008. We received 26 comment letters. We have considered all comments received and do not expect to recommend any material amendments to the Proposed Materials.

A number of commenters requested that the CSA defer the effective date of the Proposed Materials from December 15, 2008 until a date in 2009. CSA staff continue to believe that the proposed effective date of December 15, 2008 is appropriate and will recommend this effective date to our respective commissions.

We are preparing the final form of the Proposed Materials and will recommend publication as soon as practicable. Publication of the final materials is subject to commission approvals.

Questions

Please refer your questions to any of the following individuals:

Ontario Securities Commission

Marion Kirsh
Associate Chief Accountant
(416) 593 8282
[email protected]

Sandra Heldman
Senior Accountant, Corporate Finance
(416) 593 2355
[email protected]

Jason Koskela
Legal Counsel, Corporate Finance
(416) 595 8922
[email protected]

British Columbia Securities Commission

Carla-Marie Hait
Chief Accountant, Corporate Finance
(604) 899 6726
[email protected]

Sheryl Thomson
Senior Legal Counsel, Corporate Finance
(604) 899 6778
[email protected]

Alberta Securities Commission

Fred Snell
Chief Accountant
(403) 297 6553
[email protected]

Kari Horn
General Counsel
(403) 297 4698
[email protected]

Patricia van de Sande
Securities Analyst
(403) 355 4474
[email protected]

Manitoba Securities Commission

Bob Bouchard
Director, Corporate Finance
(204) 945 2555
[email protected]

Autorité des marchés financiers

Nicole Parent
Analyste, Direction des marchés des capitaux
(514) 395 0337, poste 4455
[email protected]

July 11, 2008