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ARTICLE · 26 JANUARY 2023

Canadian Securities Administrators Comment On Disclosure Related To Mineral Projects And Technical Reports

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On November 3, 2022 the Canadian Securities Administrators ("CSA") released CSA Staff Notice 51-364 Continuous Disclosure Review Program Activities for fiscal years ended March 31, 2022...

CanadaCorporate/Commercial Law
Cory Kent
Cory Kent
Sasa Jarvis
Sasa Jarvis
Adam Jones
Adam Jones
Andrew Spencer
Andrew Spencer
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On November 3, 2022 the Canadian Securities Administrators ("CSA") released CSA Staff Notice 51-364 Continuous Disclosure Review Program Activities for fiscal years ended March 31, 2022, and March 31, 2021, its biennial report on reporting issuers' compliance with continuous disclosure obligations (the "Staff Notice")1. The Staff Notice provides guidance to issuers with the goal of improving the completeness, quality and timeliness of reporting issuers' continuous disclosure. The CSA identified key areas for improvement relating to technical disclosure pursuant to National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101")2 and Form 43-101F1 Technical Report ("43-101F1")3. These key areas focused on (i) personal inspections as part of a Technical Report (as defined below), (ii) equivalent grade disclosure, and (iii) the qualifications of a "qualified person" as that term is defined in NI 43-101 ("QP").

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