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Volume 64, No. 3
27/2021
The British Columbia Gazette, Part II
February 9, 2021

B.C. Reg. 27/2021, deposited February 9, 2021, under the SECURITIES ACT [section 184]. Rule of the British Columbia Securities Commission, dated February 9, 2021.

The British Columbia Securities Commission orders that National Instrument 51‐102 Continuous Disclosure Obligations, B.C. Reg. 110/2004, is amended

(a) in section 8.3 (1)

(i) by striking out "subsection (3) and subsections 8.10 (1) and 8.10 (2)" and substituting "subsection (5) and subsections 8.10 (1) and (2)",

(ii) in paragraph (a) by striking out "any of the three" and substituting "2 or more of the", and

(iii) in paragraph (b) by striking out "20 percent" and substituting "30 percent",

(b) in section 8.3 (2) (a) and (c), (3) (b) and (4) (a) and (c) by striking out "20 percent" and substituting "30 percent",

(c) in section 8.3 (2) (b) and (4) (b) by striking out "exceeds 20 percent" and substituting "exceed 30 percent", and

(d) by repealing section 8.3 (5) and substituting the following:

(5) Despite subsection (1) and for the purposes of subsection (3), an acquisition of a business or related businesses is not a significant acquisition,

(a) for a reporting issuer that is not a venture issuer, if the acquisition does not satisfy at least two of the optional significance tests under subsection (4); or

(b) for a venture issuer, if the acquisition would not satisfy the optional significance tests set out in paragraphs (4) (a) and (b) if "30 percent" were read as "100 percent".

— B. LEONG, Chair, British Columbia Securities Commission.


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