GRO 52-903
Exemption from Multilateral Instrument 52-109 repealed
On January 27,
2006, the Director of the Securities Division of the Saskatchewan
Financial Services Commission repealed
General Ruling/Order 52-903
Exemption from Multilateral Instrument 52-109 (“GRO 52-903”).
GRO 52-903
permitted Issuers Reporting by Order to file alternate annual and
interim certificates under Multilateral Instrument 52-109
Certificate of Disclosure in Companies' Annual and Interim Filings.
Issuers Reporting
by Order are not reporting issuers, but were required to comply
with the continuous disclosure requirements in Parts XIV and XV of
the The Securities Act, 1988 pursuant to undertakings to or
orders of the Commission or Director exempting them from the
prospectus and registration requirements of the Act.
MI 52-109 imposes
new requirements in addition to the continuous disclosure
requirements that used to be in Parts XIV and XV of the Act.
Therefore MI 52-109 does not apply to Issuers Reporting by Order.
GRO 52-903 is not required, and has been repealed.
Staff Notice
51--703 New Requirements for Issuers Reporting by Order has
also been amended to delete reference to MI 52-109. It
discusses how the requirements in National Instrument 51-102
Continuous Disclosure Requirements apply to Issuers Reporting
by Order.
January 27, 2006
Contact:
Ian McIntosh
Deputy
Director, Corporate Finance
Securities Division
Saskatchewan Financial Services Commission
(306) 787-5867
imcintosh@sfsc.gov.sk.ca
