Notice of Request for Comments: OSC Rule 51-801 - Implementing NI 51-102 Continuous Disclosure Obligations

NOTICE OF REQUEST FOR COMMENTS

PROPOSED NATIONAL INSTRUMENT 51-102 AND

COMPANION POLICY 51-102CP

CONTINUOUS DISCLOSURE OBLIGATIONS

PROPOSED ONTARIO SECURITIES

COMMISSION RULE 51-801

IMPLEMENTING NATIONAL INSTRUMENT 51-102

CONTINUOUS DISCLOSURE AND COMPANION POLICY 51-801CP

The Commission is publishing for comment in today's Bulletin:

• National Instrument 51-102 Continuous Disclosure Obligations (NI 51-102) which contains Form 51-102F1 Annual Information Form (AIF), Form 51-102F2 Management Discussion and Analysis (MD&A), Form 51-102F3 Material Change Report (MCR), Form 51-102F4 Business Acquisition Report (BAR), Form 51-102F5 Information Circular and Form 51-102F6 Statement of Executive Compensation (collectively the Forms);
• Companion Policy 51-102CP to NI 51-102 (the Policy);
• Notice and Request for Comment regarding NI 51-102, the Forms, the Policy and related amendments and revocations; and
• Commission Rule 51-801 Implementing National Instrument 51-102 Continuous Disclosure Obligations (the Implementing Rule) and its Companion Policy and Notice and Request for Comment.

The Notice relating to NI 51-102 also requests comment on:

1. the proposed rescission of National Policy No. 51 Changes in the Ending Date of a Financial Year and in Reporting Status and National Policy No.31 Change of Auditor of a Reporting Issuer;

2. the proposed revocation of National Instrument 62-102 Disclosure of Outstanding Share Data; and

3. a proposed amendment to National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.

The Notice relating to the Implementing Rule also requests comment on:

1. proposed amendments to

a) Commission Rule 56-501 Restricted Shares; and

b) Commission Form 41-501F1.

2. the proposed revocation of:

a) Commission Rule 51-501 AIF & MD&A;

b) Commission Rule 52-501 Financial Statements;

c) Commission Rule 54-501 Prospectus Disclosure; and

d) Commission Rule 62-102 Disclosure of Outstanding Share Data; and

3. the proposed rescission of

a) Companion Policy 51-501CP to Commission Rule 51-501 AIF & MD&A,

b) Companion Policy 52-501CP to Commission Rule 52-501 Financial Statements,

c) Commission Policy 52-601 Applications for Exemptions from Preparation and Mailing of Interim Financial Statements, Annual Statements and Proxy Solicitation Material; and

d) Commission Policy 51-603 Reciprocal Filing.

The documents are published in Chapter 6 of the Bulletin.