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ARTICLE · 04 MAY 2010

Amendments Proposed to Rules Regarding Standards of Disclosure for Mineral Projects

Blake, Cassels & Graydon LLP
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The Canadian Securities Administrators (the CSA) have published for comment proposed revisions to the existing rules regarding standards of disclosure for mineral projects (the Current Materials).

CanadaFinance and Banking
John Wilkin
John Wilkin
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Copyright 2010, Blake, Cassels & Graydon LLP

Originally published in Blakes Bulletin on Securities Regulation, April 2010

The Canadian Securities Administrators (the CSA) have published for comment proposed revisions to the existing rules regarding standards of disclosure for mineral projects (the Current Materials). The CSA are requesting comments on revised versions (the Proposed Materials) of National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101) and the related Companion Policy 43-101CP (the Companion Policy), as well as Form 43-101F1 – Technical Report (the Form).

The proposed changes represent the most substantial amendments to NI 43-101 since it was adopted in 2001, and are intended to provide a "more efficient and effective regulation that will reduce issuers'costs to comply with [the amended rules] without compromising investor protection". To achieve this objective, the Proposed Materials introduce new definitions and

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