Draft Amendment to Policy Statement 41-201 respecting Income Trusts and Other Indirect Offerings

AMENDMENTS TO POLICY STATEMENT 41-201 RESPECTING INCOME TRUSTS AND OTHER INDIRECT OFFERINGS

1. Section 3.7 of Policy Statement 41-201 respecting Income Trusts and Other Indirect
   Offerings is amended, in the second sentence of the first paragraph:
   (1) by deleting, after the words “in accordance with”, “section 10.8 of Ontario Securities Commission Form 41-501F1 Information Required in a Prospectus (or its successor), section 10.8 of Schedule 1 Information Required in a Prospectus to Quebec’s Regulation Q-28 respecting General Prospectus Requirements (or its successor),”; (2) by replacing “item 7.3 of Form 51-102F2” with “subsections 20(3) and (4) of Form 51-102F1”.
2. Section 3.11 of the Policy Statement is amended by replacing “Item 5.2 of
   Form 51-102F2” with “section 16 of Form 51-102F1”.
3. Section 6.5.1 of the Policy Statement is amended by replacing, wherever it appears,
   “Form 51-102F1” with “Part 2 of Form 51-102F1 and Part 2 of Form 51-102F2”.
4. Section 6.5.2 of the Policy Statement is amended by replacing, in the fourth sentence
   of the first paragraph, “Although the instructions in Form 51-102F1 do not specifically state it, to meet the disclosure requirements for liquidity in Form 51-102F1” with “To meet the disclosure requirements for liquidity and capital resources in Part 2 of Form 51-102F1 and
   Part 2 of Form 51-102F2”.
5. The Policy Statement is amended by replacing, wherever they appear in the French
   text of sections 1.2 and 8.1, the words “titres adossés à des créances” with the words “titres adossés à des actifs”.
6. The Policy Statement is amended by replacing, wherever they appear in the French
   text of sections 2.3, 2.6 and 2.7, the words “dépenses en immobilisations” with the words “dépenses d’investissement”.