Notice of Amendments and Notice and Request for Comment - Amendments to NI 51-102 Continuous Disclosure

NOTICE AND REQUEST FOR COMMENT PROPOSED AMENDMENTS TO NATIONAL INSTRUMENT 45-106 PROSPECTUS AND REGISTRATION EXEMPTIONS, FORM 45-106F2 OFFERING MEMORANDUM FOR NON-QUALIFYING ISSUERS, FORM 45-106F3 OFFERING MEMORAND QUALIFYING ISSUERS AND COMPANION POLICY 45-106CP PROSPECTUS AND REGISTRATION EXEMPTIONS October 16, 2009 Introduction We, the Canadian Securities Administrators (CSA), except the Autorité des marchés financiers and the New Brunswick Securities Commission, are publishing for a 90 day comment period proposed amendments to: National Instrument 45-106 Prospectus and Registration Exemptions (NI 45-106), Form 45-106F2 Offering Memorandum for Non-Qualifying Issuers and Form 45-106F3 Offering Memorandum for Qualifying Issuers (collectively, the OM Forms) and Companion Policy 45-106CP Prospectus and Registration Exemptions (45-106CP). This notice forms parts of a series of notices that address proposed changes to securities legislation arising from the upcoming changeover to International Financial Reporting Standards (IFRS). Proposed Text Appendix A provides a summary of certain proposed amendments, including a list of the changes to accounting terms and phrases as well as a summary of the main transition changes related to IFRS. Other proposed amendments are described in this notice. Appendix B sets out the proposed amendments to NI 45-106 and 45-106CP. Appendix C sets out a blackline showing proposed ...