Regulatory Alerts2021-05-20
Draft Regulation to amend Regulation 51-101 respecting Standards of Disclosure for Oil and Gas Activities
The securities regulator amends Regulation 51-101 to replace references to audited financial statements with annual disclosure statements for oil and gas issuers. This change aligns the regulation with Regulation 51-102 regarding continuous disclosure obligations by formally defining the term annual disclosure statement. The amendments apply to issuers only after their effective date, which is determined by their first required filing under the continuous disclosure rules.
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