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ARTICLE · 08 JULY 2010

Amendments to National Instrument 43-101

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On April 23, 2010, the Canadian Securities Administrators (CSA) published a Notice and Request for Comment in respect of a proposed amended National Instrument 43-101 – "Standards of Disclosure for Mineral Projects" (NI 43-101), which governs the disclosure of scientific or technical information by securities issuers in Canada.

CanadaEnergy and Natural Resources
Daye Kaba
Daye Kaba
Charles Higgins
Charles Higgins
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On April 23, 2010, the Canadian Securities Administrators (CSA) published a Notice and Request for Comment in respect of a proposed amended National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101), which governs the disclosure of scientific or technical information by securities issuers in Canada. There is a 90-day period in which comments are being sought by the CSA.

NI 43-101 is a codified set of rules and guidelines for disclosing information related to mineral properties held by issuers whose securities are publicly traded or issued to the public in Canada.  NI 43-101 was implemented by the CSA subsequent to the Bre-X fraud in order to protect the investing public from unsubstantiated and fraudulent claims on mineral resources.

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