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ARTICLE · 06 OCTOBER 2008

Changes To Officer Certification Requirements - National Instrument 52-109

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On August 15, 2008, the members of the Canadian Securities Administrators issued the final text of new National Instrument 52-109 Certification of Disclosure in Issuers' Annual and Interim Filings, together with related new forms and new Companion Policy 52-109CP (collectively, the New Instrument).

CanadaCorporate/Commercial Law
Roger Chouinard
Roger Chouinard
Robert Hansen
Robert Hansen
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On August 15, 2008, the members of the Canadian Securities Administrators (CSA) issued the final text of new National Instrument 52-109 Certification of Disclosure in Issuers' Annual and Interim Filings, together with related new forms and new Companion Policy 52-109CP (collectively, the New Instrument).1 The New Instrument replaces — and expands upon — current certification and disclosure requirements with respect to financial reporting, and is substantially unchanged from the most recent proposed version published in April 2008.2 Its stated purpose is "to improve the quality and reliability of issuers' annual and interim disclosure." The CSA believes this improvement "will help to maintain and enhance investor confidence in the integrity of our capital markets."

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