Notice Of National Instrument 54-102 Interim Financial Statement And Report Exemption
On June 6, 2002 the Saskatchewan Securities Commission adopted, as a Commission regulation, National Instrument 54-102 Interim Financial Statement and Report Exemption ("the Instrument").
The Instrument and NI 54-101 are expected to be also implemented as a rule in each of British Columbia, Alberta, Manitoba, Ontario, Newfoundland, Nova Scotia and Quebec, and as a policy in all other jurisdictions represented by the Canadian Securities
Administrators ("CSA").
This Instrument deals with the sending of interim financial statements by a reporting issuer to registered and beneficial owners of its securities and is a reformulation of the portions of National Policy Statement No. 41 Shareholder Communication
("NP41") that pertain to supplemental mailing lists, including related blanket rulings, rules and other exemptions
Effective Date
On June 6, 2002, the Commission adopted the Instrument as a Commission regulation under subsection 154(2) of The Securities Act, 1988 (Saskatchewan) (the "Act"). On June 19, 2002, the Minister of Justice approved the Instrument, and it will come
into force on July 1, 2002.
The Commission has, concurrently with adopting the Instrument a Commission regulation, also adopted as a Commission regulation National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer
(including Forms 54-101F1 through 54-101F9) ("NI 54-101") and adopted Companion Policy 54-101CP Communication with Beneficial Owners of Securities of a Reporting Issuer, all of which collectively
replace the provisions of NP41 pertaining to communication with beneficial owners of securities of a reporting issuer. NI 54-101 has also been approved by the Minister of Justice, and will come into force on July 1, 2002.
Contact:
Barbara Shourounis
Director
787-5842
