Regulatory Alerts2023-06-09
Policy Statement to Regulation 51-101 Respecting Standards of Disclosure for Oil and Gas Activities
The Canadian Securities Administrators issued this policy statement to clarify the interpretation and application of Regulation 51-101 regarding disclosure standards for oil and gas activities. The document defines key terms such as independence, materiality, and qualified evaluators, while mandating that all reserves estimates and public disclosures adhere to the COGE Handbook. It further outlines annual filing requirements, specifying that reporting issuers must electronically submit prescribed forms via SEDAR+ and may incorporate this data into their Annual Information Forms.
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