Regulatory Alerts2025-06-12
Policy Statement to Regulation 43-101 respecting Standards of Disclosure for Mineral Projects
Securities regulators in Canada, excluding Québec, issued this policy statement to clarify the interpretation and application of Regulation 43-101 regarding the disclosure of scientific and technical information for mineral projects. The document establishes standards for determining materiality, mandates the use of plain language, and defines the rigorous qualifications and independence requirements for qualified persons preparing technical reports. It further prohibits misleading terminology such as "Regulation 43-101 compliant" and provides specific guidance on forward-looking information, proper use of French terms, and the objective standard of reasonableness in regulatory compliance.
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