Effective July 31, 2012, all jurisdictions in Canada other than Ontario will follow B.C.'s lead and commence imposing new disclosures and other requirements on companies whose only trading market is over the counter in the United States under the new Multilateral Instrument 51-105 Issuers Quoted in the U.S. Over-the-Counter Markets (the "OTC Rule"). Most of the rules about to be imposed across Canada already exist in British Columbia under BCI 51-509.

Effective July 31, 2012, the BC Securities Commission will revoke BC Instrument 51-509 and adopt Multilateral Instrument 51-105 Issuers Quoted in the U.S. Over-the-Counter Markets. ("MI 51-105"). BCI 51-509 first came into effect in 2008, and is being revoked in order for BC to have the same rules as other Canadian jurisdictions other than Ontario, which is not adopting MI 51-105. Changes from the current BC rule are not significant.