Amendments to National Instrument 51-102 Continuous Disclosure Obligations, National Instrument 52-107 Acceptable Accounting Principles, Auditing Standards, and Reporting Currencies and National Instrument 71-102 Continuous Disclosure and Other Exemptions relating to Foreign Issuers come into force on December 29, 2006

The Securities Commission (Adoption of National Instruments) Amendment Regulations, 2006 (No. 3) comes into force on December 29, 2006.  The regulations adopt amendments to National Instrument 51-102 Continuous Disclosure Obligations, National Instrument 52-107 Acceptable Accounting Principles, Auditing Standards, and Reporting Currencies and National Instrument 71-102 Continuous Disclosure and Other Exemptions relating to Foreign Issuers.

The primary purpose of the amendments is to clarify some provisions of the instruments, address areas that a rule, form or companion policy does not address, including codifying discretionary exemptions that we have granted, and streamline requirements in the instruments.   

The Commission regulations also make consequential amendments to National Instrument  44-101Short Form Prospectus Distributions and Form 44-101F1 Short Form Prospectus.

 December 22, 2006

Contact:

Ian McIntosh
Deputy Director, Corporate Finance
(306) 787 5867