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2019-05-02

Draft Regulation to amend Regulation 51-101 respecting Standards of Disclosure for Oil and Gas Activities

The regulator amends Regulation 51-101 to replace references to the SEDAR system with placeholders for a Renewed System in sections regarding standards of disclosure for oil and gas activities. Specifically, the text updates Form 51-101F4 and Section 5.18 to substitute the word SEDAR and its associated website URL with generic placeholders indicating the new system's name and website. These amendments are designed to facilitate a technical system replacement while maintaining the regulatory framework for disclosure requirements.

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Autorite des marches financiers Quebec

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REGULATION TO AMEND REGULATION 51-101 RESPECTING STANDARDS OF DISCLOSURE FOR OIL AND GAS ACTIVITIES Securities Act (chapter V-1.1, s. 331.1, par. (1), (2) and (34))

  1. Section 5.18 of Regulation 51-101 respecting Standards of Disclosure for Oil and Gas Activities (chapter V-1.1, r. 23) is amended by replacing, in subparagraph (c) of paragraph (2), the word “SEDAR” with the words “[Renewed System]”.
  2. Form 51-101F4 of the Regulation is amended by replacing the word “SEDAR” with the words “[Renewed System]” and “SEDAR at www.sedar.com” with “[Renewed System] at [insert website of Renewed System]”.
  3. This Regulation comes into force on (indicate here the date of coming into force of this Regulation).
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