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NOTE. Until rules or instruments become effective as evidenced by their publication in The Alberta Gazette (see section 225 of the Securities Act (Alberta)), they are subject to non-substantive changes. Should such changes occur, a revised version of the relevant rule or instrument will be published on this website.
CSA Notice National Instrument 25-101 Designated Rating Organizations Related Policies and Consequential Amendments
27 Jan 2012
The Canadian Securities Administrators (CSA or we) is adopting National Instrument 25-101 Designated Rating Organizations (NI 25-101), and related policies and consequential amendments. NI 25-101 imposes requirements on credit rating agencies or organizations (CROs) that wish to have their credit ratings eligible for use under securities legislation. These CROs must apply to become "designated rating organizations" (DROs) and, once designated, will become subject to the CSA's oversight regime. NI 25-101 was previously published for comment on two occasions. Comments were considered and, where appropriate, changes were made to the oversight regime.
CSA Notice National Instrument 25-101 Designated Rating Organizations Related Policies and Consequential Amendments
View National Instrument 25-101 and related documents.
ASC Staff Notice 33-704 – Review of Exempt Market Dealers
12 Jan 2012
The Alberta Securities Commission has issued ASC Staff Notice 33-704 – Review of Exempt Market Dealers, in order to provide registrants in Alberta with an overview of the ASC’s activities with respect to initial compliance reviews of firms registered in the Exempt Market Dealer category. The purposes of this Staff Notice are to: provide a summary of the initial compliance reviews and highlight certain key issues, provide information with respect to common issues that were identified during the reviews and provide guidance with respect to suggested practices in the form of “Appendix A”; and provide information with respect to compliance activities that ASC staff will perform in the future.
ASC Staff Notice 33-704 – Review of Exempt Market Dealers
View National Instrument 31-103 and related documents.
Canadian Securities Administrators’ Staff Notice 13-315 (Revised) Securities Regulatory Authority Closed Dates 2012
6 Jan 2012
The Canadian Securities Administrators (CSA) has published CSA Staff Notice 13-315 (Revised) Securities Regulatory Authority Closed Dates 2012 which will replace the 2011 version. CSA Staff Notice 13-315 is a list of the closed dates of the securities regulatory authorities for 2012.
CSA Staff Notice 13-315 (Revised) Securities Regulatory Authority Closed Dates 2012
Revised CSA Staff Notice 51-327 Guidance on Oil and Gas Disclosure.
29 Dec 2011
The Canadian Securities Administrators (CSA) has published an update to CSA Staff Notice 51-327 Guidance on Oil and Gas Disclosure to provide additional guidance to reporting issuers, directly or indirectly engaged in oil and gas activities, and their advisors when preparing their disclosure.
The Notice provides additional guidance related to compliance with disclosure requirements, as well as expanded guidance that includes:
- new guidance on the general responsibilities of oil and gas issuers and the experts on whom they rely in formulating disclosure of oil and gas information;
- new guidance on the disclosure of after-tax net present value of future net revenue, use of BOEs and disclosure of well-flow test results; and
- expanded guidance on the following disclosure topics:
- evaluation, classification and disclosure of unconventional hydrocarbons, including revised guidance on disclosure of contingent resources
- classification to the most specific class and category of resource.
Revised CSA Staff Notice 51-327 Guidance on Oil and Gas Disclosure
View National Instrument 51-101 and related documents.
Blanket Order 21-503: Re Extension of Relief from National Instrument 21-101 Marketplace Operation
23 Dec 2011
The Alberta Securities Commission has issued Blanket Order 21-503, in order to address a potential timing gap relating to an exemption from certain information transparency requirements for government debt securities. National Instrument 21-101 Marketplace Operation (NI 21-101 ) requires marketplaces and inter-dealer bond brokers to report certain information to an information processor, but provides an exemption from these requirements with respect to government debt securities until December 31, 2011. Proposed amendments to NI 21-101 will extend this exemption for an additional three years, but will not be implemented by the end of 2011. As such, the new Blanket Order 21-503 will operate to extend the exemption until such time as the National Instrument itself is amended to achieve this result. Other CSA jurisdictions are implementing similar measures, either by local blanket orders or, in some cases, by local rules.
Blanket Order 21-503: Re Extension of Relief from National Instrument 21-101 Marketplace Operation
View National Instrument 21-101 and related documents
CSA Notice and Request for Comment for Proposed Pre-Marketing and Marketing Amendments to Prospectus Rules
25 Nov 2011
The proposed amendments set out changes to the prospectus pre-marketing and marketing regime in Canada for issuers other than mutual funds. These changes will increase the range of permissible pre-marketing and marketing activities in connection with prospectus offerings. The current regulatory regime limits those activities.
CSA Notice and Request for Comment for Proposed Pre-Marketing and Marketing Amendments to Prospectus Rules
View National Instrument 41-101 and related documentsView National Policy 41-201 and related documents
View National Instrument 44-101 and related documents
View Companion Policy 44-102CP to National Instrument 44-102 Shelf Distributions
View National Policy 47-201 and related documents