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ARTICLE · 03 JUNE 2010

Canadian Securities Administrators Invite Comments on Proposed Changes to Mining Rule

Davies Ward Phillips & Vineberg LLP
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The Canadian Securities Administrators (the "CSA") have issued a notice and request for comment regarding proposed changes to National Instrument 43-101 - Standards of Disclosure for Mineral Projects (the "Instrument") and its related forms and policies.

CanadaFinance and Banking
J. Alexander Moore
J. Alexander Moore
Chris Vollmershausen
Chris Vollmershausen
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The Canadian Securities Administrators (the "CSA") have issued a notice and request for comment regarding proposed changes to National Instrument 43-101 - Standards of Disclosure for Mineral Projects (the "Instrument") and its related forms and policies.

Some of the significant proposed changes to the Instrument include the following:

  • Eliminating the requirement to obtain updated certificates and consents from qualified persons in connection with the filing of a disclosure document where there is no new material scientific or technical information not included in a previously filed technical report.
  • Eliminating the current prescriptive list of recognized foreign codes and allowing foreign issuers to use any generally accepted foreign code that defines mineral resources and mineral reserves in a manner consistent with the Instrument.

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