National Policies

11-201	National Policy	Delivery of Documents by Electronic Means Amendments Consolidated version	Jan 1, 2000.   Feb 14, 2003	States the views of the CSA on how obligations imposed by securities legislation to deliver documents can be satisfied by electronic means.
12-201	National Policy	Mutual Reliance Review System for Exemptive Relief Applications	Jan 1, 2000. Amended July 15, 2002. Amended August 6, 2004.	Establishes a mutual reliance review system for exemptive relief applications.
34-201	National Policy	Breach of Requirements of Other Jurisdictions	Oct 16, 1998.	Gives notice to registrants and applicants for registration that that a breach of the securities laws of another jurisdiction may be considered to affect the registrant's or applicant's fitness for registration.
34-202	Multilateral Policy	Registrants Acting as Corporate Directors	Oct 16, 1998.	Expresses the views of the CSA as to the potential for conflicts of interest arising if a registrant acts as a director of or advisor to a reporting issuer.
43-201	National Policy	Mutual Reliance Review System for Prospectuses and Annual Information Forms	Jan 1, 2000.  Amended Jan 1, 2002.	Establishes a mutual reliance review system for prospectuses and AIFs.
46-201	National Policy	Escrow for Initial Public Offerings Form 46-201F1 Escrow Agreement	June 30, 2002	Describes the circumstances in which securities regulators will require an escrow of shares of a company on a initial public offering.  Describes uniform terms of an escrow agreement to be used throughout Canada.
47-201	National Policy	Trading Securities Using the Internet and Other Electronic Means	Jan 1, 2000.	States the views of the CSA on a number of matters relating to the use of the Internet and other electronic means of communication in connection with trades and distributions of securities.
51-201	National Policy	Disclosure Standards	July 12, 2002	Describes timely disclosure obligations for reporting issues and provides guidance on legislative prohibitions against selective disclosure.  Also lists "best disclosure" practices and gives examples of types of information likely to be material.
62-201	National Policy	Bids Made Only in Certain Jurisdictions	Aug 4, 1997.	States that where a take-over bid or issuer bid is not made to security holders of the target company in one or more jurisdictions, the securities regulatory authority in the jurisdictions in which the bid is made may issue cease trade orders in respect of the bid.
62-202	National Policy	Take-over Bids - Defensive Tactics	Aug 4, 1997.	States the view of the CSA on take-over bid defensive tactics. Indicates that securities regulatory authorities will take appropriate action if they become aware of defensive tactics that are likely to deny or limit the ability of shareholders to respond to a take-over bid or competing bid.

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