Regulatory Instruments  by Subject Matter

TABLE OF CONTENTS

PART 4 - DISTRIBUTION REQUIREMENTS
Prospectus Contents - Non-Financial Matters
41-101	National Instrument	Prospectus Disclosure Requirements	In effect in Saskatchewan March 9, 2001	Consolidates the prospectus disclosure requirements  in National Policy Statement No. 12 Disclosure of "Market Out" Clauses in Underwriting Agreements in Prospectuses, National Policy Statement No. 32 Prospectus Warning Re: Scope of Distribution and National Policy Statement No. 35 Purchaser’s Statutory Rights.
41-303	CSA Staff Notice	Harmonization of Prospectus Requirements Across the CSA	April 5, 2002	Notice of the CSA's project to harmonize the long form prospectus regime across Canada by Spring 2003.
41-901	General Exemption Order	Use of Prospectus Complying with OSC Rule 41-501 Prospectus Requirements	December 20, 2000.	Exempts issuers from the requirements in the Act and Regulations as to the form and content of a prospectus, if they comply with the form and content requirements of OSC Rule 41-501.
Prospectus Contents - Financial Matters
42-303	CSA Staff Notice	Prospectus Requirements	March 12, 2004	Indicates that staff will recommend relief form certain prospectus rules that are not consistent with NI 51-102 or NI 52-107.
TOP OF PAGE Prospectus Filing Matters
43-101	National Instrument	Standards of Disclosure for Mineral Projects Companion Policy Forms Frequently Asked Questions	In effect in Saskatchewan March 9, 2001	Regulate all disclosure that an issuer makes concerning mineral projects that is reasonably likely to made available to the public. Consolidates and expands National Policy Statements 2-A Guide for Engineers, Geologists and Prospectors Submitting Reports on Mining Properties to the Canadian Securities Administrators.
43-201	National Policy	Mutual Reliance Review System for Prospectuses and Annual Information Forms	January 1, 2000.	Establishes a mutual reliance review system for prospectuses and AIFs.
43-302	CSA Staff Notice	Frequently Asked Questions on National Instrument 43-101 Standards of Disclosure for Mineral Projects	October 19, 2001.  Amended February 8, 2002. Amended Jan 24, 2003	Sets out frequently asked questions and answers concerning National Instrument 43-101 Standards of Disclosure for Mineral Projects
43-304	CSA Staff Notice	Prospectus Filing Matters - Arthur Andersen LLP Consent	June 28, 2002	Provides guidance to former clients of Arthur Andersen LLP - Canada about financial statements audited by the firm that are included in prospectuses and other documents.
43-601	Local Policy Statement	Unconscionable Consideration - Promoters	February 22, 1988.	Sets out how the Commission interprets clause 70(2)(b) of the Act.
43-701	Saskatchewan Staff Notice	Capital Pool Companies	May 31, 2000.	Gives notice that companies may make offerings in Saskatchewan under the Canadian Venture Exchange's Capital Pool Company program.  Gives an outline of how the Capital Pool Company program works.
43-901	General Exemption Order	Trade Unions Which Sponsor Labour Sponsored Venture Capital Corporations	February 5, 1997.	Exempts trade unions which sponsor labour sponsored ventures capital offerings from signing the prospectus certificate on certain conditions.
TOP OF PAGE Alternative Forms of Prospectus
44-101	National Instrument	Short Form Prospectus Distributions Amendments to National Instrument, Companion Policy and Form 44-101F3  effective March 30, 2004. Forms 44-101F1 and F2 revoked March 30, 2004	In effect in Saskatchewan Mar 9, 2001.  Amended September 30, 2003	Prescribes conditions for the use of a short form prospectus to distribute securities to the public. Replaces National Policy Statement 47 Prompt Offering Qualification System.
44-101CP	Companion Policy	Short Form Prospectus Distributions	In effect in Saskatchewan March 9, 2001.	Companion Policy to National Instrument 44-101 Short Form Prospectus Distributions
44-102	National Instrument	Shelf Distributions	In effect in Saskatchewan March 9, 2001	Regulates Canadian shelf prospectus distributions.  Reformulates and replaces National Policy Statement 44 Rules for Shelf Prospectus Offerings and for Pricing Offerings after the Final Prospectus is Receipted ("NP44")/
44-102CP	Companion Policy	Shelf Distributions	In effect in Saskatchewan March 9, 2001	Companion Policy to National Instrument 44-102 Shelf Distributions
44-103	National Instrument	Post-Receipt Pricing	In effect in Saskatchewan March 9, 2001	Regulates the Canadian post-receipt pricing regime. Reformulates and replaces the provisions of NP44 relating to post-receipt pricing.
44-103CP	Companion Policy	Post-Receipt Pricing	In effect in Saskatchewan March 9, 2001	Companion Policy to National Instrument 44-103 Post-Receipt Pricing
44-301	CSA Staff Notice	Frequently Asked Questions Regarding the New Prospectus Rules	Mar 15, 2002	Sets out frequently asked questions and answers respecting: *  National Instrument (NI) 44-101 Short Form Prospectus Distributions, *  NI 44-102 Shelf Distributions, *  NI 44-103 Post-Receipt Pricing and *  OSC rule 41-501 General Prospectus Requirements.
44-601	Local Policy Statement	Requirements for Use of the Alberta Stock Exchange Offering Prospectus	February 3, 1994.	Sets out the conditions on which the Commission recognizes the Alberta Stock Exchange's Exchange Offering Prospectus pursuant to subsection 58(3) of the Act.
44-801	Implementing Order	Implementing National Instrument 44-101 Short Form Prospectus Distributions.	March 9, 2001	Grants exemptions necessary to implement National Instrument 44-101.
44-802	Implementing Order	Implementing National Instrument 44-102 Shelf  Distributions.	March 9, 2001	Grants exemptions necessary to implement National Instrument 44-102.
44-803	Implementing Order	Implementing National Instrument 44-103 Post-Receipt Pricing.	March 9, 2001	Grants exemptions necessary to implement National Instrument 44-103.
TOP OF PAGE Prospectus Exempt Distributions
45-101	National Instrument	Rights Offerings	In effect in Saskatchewan July 25, 2001.  Amended September 30, 2003.	Sets out how an issuer may make a rights offering to sell additional securities of its own issue to holders of its securities.
45-101CP	Companion Policy	Rights Offerings	In effect in Saskatchewan July 25, 2001.  Amended September 30, 2003.	Companion Policy to National Instrument 45-101 Rights Offerings.
45-102	Multilateral Instrument	Resale of Securities including Form 45-102F1	Nov 30, 2001.  Amended September 30, 2003. Repealed and replaced on March 30, 2004	Implements uniform first trade restrictions for securities acquired under registration and prospectus exemptions.
45-102CP	Companion Policy	Resale of Securities	Nov 30, 2001 Repealed and replaced March 30, 2004	Companion Policy to Multilateral Instrument 45-102 Resale of Securities
45-302	CSA Staff Notice	Frequently asked questions about the resale rules	April 2, 2004	Answers frequently asked questions about NI 45-102
45-103	Multilateral Instrument	Capital Raising Exemptions Form 45-103F1 Offering Memorandum for Non-Qualifying Issuers Form 45-103F2 Offering Memorandum for Qualifying Issuers Form 45-103F3 Risk Acknowledgement Form 45-103F4 Report of Exempt Distribution Form 45-103F5 Risk Acknowledgement - Saskatchewan Close Personal Friends and Close Business Associates	June 16, 2003 Amended March 30, 2004	Contains four exemptions that allow the raising of capital without complying with the registration and prospectus requirements : 1.  private issuer, 2.  family, friends and business associates, 3.  offering memorandum, and 4.  accredited investor.
45-103CP	Companion Policy	Capital Raising Exemptions	June 16, 2003 Amended March 30, 2004	Companion policy to MLI 45-103
45-105	Multilateral Instrument	Trades to Employees, Senior Officers, Directors and Consultants Amendments effective March 30, 2004	August 15, 2003	Provides exemptions from the prospectus and registration requirements for trades of an issuer’s securities to the issuer’s employees, non-employee directors and certain consultants.
45-301	CSA Staff Notice	Implementation of Multilateral Instrument 45-102 Resale of Securities	November 30, 2001	Clarifies the application of Multilateral Instrument 45-102 Resale of Securities to resource issuers
45-302	CSA Staff Notice	Frequently Asked Questions Regarding the Resale Rules in NI 45-102	April 2, 2004	Answers frequent questions about Multilateral Instrument 45-102 Resale of Securities.
45-303	CSA Staff Notice	Interpretation of the Amalgamation Exemption	August 8, 2003	Provides guidance regarding staff's interpretation of the amalgamation exemption.
45-601	Local Policy Statement	Community Ventures - Section 83 Rulings	April 2, 1993.	Sets out the conditions on which the Commission will grant a section 83 discretionary ruling for ventures in rural Saskatchewan.  See the information package for more information.
45-602	Local Policy Statement	Qualified Investor Exemption	September 20, 1993.	Specifies certain matters the Commission has the power to determine under the qualified investor exemption. Also sets out the procedure for those using the exemption.  See the information package for more information.
45-603	Local Policy Statement	$150,000 Exemption	February 3, 2000.	Sets out how the Commission interprets the use of the $150,000 registration and prospectus exemption in the Act.
45-701	Local Staff Notice	Applications Pursuant to Subsection 44(3) of The Securities Act, 1988	September 27, 1991.	Sets out when you do not have to make a formal application under subsection 44(3) to make a listing representation.
45-703	Saskatchewan Staff Notice	Monitoring the Use of the Exemptions Under Multilateral Instrument 45-103 Capital Raising Exemptions	June 26, 2003	Describes how Commission staff will monitor the use of the exemptions under MI 45-103 to ensure that issuers are complying with the conditions that attach to the exemptions.
45-801	Implementing Order	Implementing Multilateral Instrument 45-102 Resale of Securities	November, 30, 2001	Grants exemptions necessary to implement Multilateral Instrument 45-102.  Also amends prior Commission rulings to substitute the resale rules in MI 45-102 for the resale rules in the rulings.
45-901	General Exemption Order	Self-Directed Registered Education Savings Plans	October 24, 1990.	Grants registration and prospectus exemption to self-directed education savings plans approved under the ITA.
45-902	General Exemption Order	Exemptions for Certain Trades by and to Labour-sponsored Venture Capital Corporations	September 23, 1992.	Grants registration and prospectus exemptions to facilitate labour-sponsored venture capital offerings on certain conditions.
45-905	General Exemption Order	In the Matter of Trades by Issuers Upon Exercise of Certain Conversion or Exchange Rights	July 8, 1996.	Grants registration and prospectus exemption to facilitate trades by issuers upon exercise of certain conversion or exchange rights.
45-906	General Exemption Order	Rulings granted under Saskatchewan Policy Statement 45-601 - "Community Ventures - Section 83 Rulings" and Resale Restrictions in those Rulings	July 17, 1997.	Varies rulings granted to date under the Community Venture policy to relax the resale restrictions on securities acquired under those rulings.
45-908	General Exemption Order	Offering Memorandum Exemption in Clauses 39(1)(y) and 81(1)(s)	Feb 13, 2003	Waives the limit on the amount raised and the advertising prohibition in the exemption under clauses 39(1)(y) and 81(1)(s)
45-909	General Exemption Order	Short Term Debt Exemption	July 10, 2003	Grants a registration and prospectus exemption to trades in negotiable promissory notes or commercial paper on certain conditions.
45-910	General Exemption Order	TSX Venture Exchange's Short Form Offering Exemption	Feb 23, 2004. Amended March 1, 2004. Amended March 30, 2004.	Grants an exemption from the prospectus requirements for distributions made pursuant to TSX Venture Exchange's Policy 4.6 Public Offerings by Short Form Offering Document and Form 4H Short Form Offering Document.
TOP OF PAGE Requirements Affecting Distributions by Certain Issuers
46-201	National Policy	Escrow for Initial Public Offerings	June 30, 2002	Describes the circumstances where securities regulators consider an escrow agreement necessary and the terms of escrow we consider appropriate.
46-201F1	Form	Escrow Agreement	June 30 2002	Sets out the form of escrow agreement under National Policy 46-201
46-301	CSA Staff Notice	Proposal for Uniform Terms of Escrow Applicable to Initial Public Distributions	March 17, 2000	Summarizes the key elements of a CSA proposal for uniform terms of escrow that would apply to initial public distributions of securities by prospectus ("IPOs").  States that until a national instrument is implemented, securities regulatory staff will be guided by the proposal as outlined in the notice in dealing with escrow arrangements under IPOs after the date of the notice.
46-302	CSA Staff Notice	Consent to Amend Existing Escrow Agreements	June 15, 2001	Provides guidelines under which securities regulators will permit existing escrow agreements to be amended to reflect the release terms outlined in CSA Notice 46-301 Proposal for Uniform Terms of Escrow Applicable to Initial Public Distributions.
46-501	Local Instrument	Disclosure of Cash Calls	January 17, 2000.	Imposes additional disclosure requirements when the terms of a limited partnership agreement in an offering include a cash call.
TOP OF PAGE Advertising and Marketing Material
47-201	National Policy	Trading Securities Using the Internet and Other Electronic Mean	January 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.
47-501	Local Instrument	Marketing Communications	September 19, 2000.	Set standards that apply to marketing communications. A "marketing communication" is any oral or written communication disseminated by any means by or on behalf of an issuer to promote a trade or that could reasonably be regarded as promoting a trade in a security (other than a mutual fund security) of the issuer or of an affiliate of the issuer. Into force Sept 19/00
47-501CP	Companion Policy	Companion Policy to Local Instrument 47-501 Marketing Communications	September 19, 2000
47-901	General Exemption Order	Testing the Waters	July 9, 1996.	Grants registration and prospectus exemption to certain activity to gauge the interest of potential investors in a proposed trade of securities.
Distribution Restrictions
48-901	General Exemption Order	Listing Representations	June 16, 1998.	Grants exemptions on certain conditions from the prohibition in subsection 44(3) of the Act against listing representations.

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