Notice of Ministerial Approval of Amendments to NI 51-101 Standards of Disclosure for Oil and Gas Activities and Related Consequential Amendments

NOTICE OF MINISTERIAL APPROVAL
OF AMENDMENTS TO
NATIONAL INSTRUMENT 51-101 STANDARDS OF DISCLOSURE FOR OIL AND GAS ACTIVITIES
AND RELATED CONSEQUENTIAL AMENDMENTS

Ministerial approval of certain rules

On December 7, 2010, the Minister of Finance approved, pursuant to section 143.3 of the Securities Act (Ontario) (the Act):

• amendments to National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities and its related forms (the Forms) (collectively, NI 51-101), and

• related consequential amendments to National Instrument 41-101 General Prospectus Requirements, including its Form 41-101F1 Information Required in a Prospectus (collectively, the Consequential Amendments).

The amendments to NI 51-101 and the Consequential Amendments will come into force on December 30, 2010.

Previously, materials related to the amendments to NI 51-101 and the Consequential Amendments were published in the Bulletin on October 15, 2010.

Commission approval of related policy

In connection with this initiative, the Ontario Securities Commission has adopted, pursuant to section 143.8 of the Act, amendments to Companion Policy 51-101CP Standards of Disclosure for Oil and Gas Activities (the Policy). The amendments to the Policy become effective on the same date as the amendments to NI 51-101

December 24, 2010