Notice

Amendments to The Securities Regulations

The Securities Amendment Regulations, 2008 come into force on February 15, 2008. 

National Instrument 62-104 Take-over Bids and Issuer Bids
The following provisions are effective February 15, 2008, the date that National Instrument 62-104 Take-over Bids and Issuer Bids comes into force:

• Part XI – Take-over Bids and Issuer Bids is repealed,
• Forms 29, 30, 31, 32, and 33 are repealed,
• Clauses 1(4)(l) and (n) of the Fee schedule are amended to correct references to the Act, and
• New definitions of “offeror” and “offer to acquire” are added.

Civil liability for secondary market disclosure
The following new definitions are effective on February 15, 2008, the date that new Part XVIII.1 "Civil Liability for Secondary Market Disclosure" in The Securities Act, 1988 comes into force.  The definitions are used in new Part XVIII.1:

·       market capitalization,

·       principal market, and

·       trading price.

National Instrument 41-101 Prospectus Requirements
The following provisions are effective March 17, 2008, the date that National Instrument 41-101 Prospectus Requirements comes into force:

• the definitions of "debt security", "finance company", and "industrial company" in clauses 2(1)(b), (c), and (e) are repealed,

• Part VII - Prospectuses Distribution is repealed, and

• Forms 13, 14, 15, 16 and 18.1 are repealed.

 

February 13, 2008

Contact:

Barbara Shourounis
Director, Securities Division
(306) 787-5842