CSA publish proposed changes to mining disclosure
The Canadian Securities Administrators (CSA) today published proposed changes to National Instrument 43-101 Standards of Disclosure for Mineral Projects, its companion policy and Form 43-101F1 Technical Report, as well as related consequential amendments. The proposals are intended mainly to represent more effective and efficient disclosure and to reduce compliance costs. The proposed changes include eliminating or reducing certain requirements, providing more flexibility with respect to requirements applicable to issuers and qualified persons in certain areas, providing more flexibility to accept new foreign professional associations, professional designations, and reporting codes as they arise or evolve, reflecting changes that have occurred in the mining industry, and clarifying or correcting certain areas that did not have the intended regulatory effect.
Comments on the proposals are being accepted until July 23, 2010.
