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Resource Centre Newsletters Securities Law Update January 2012
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Resource Centre Newsletters Securities Law Update January 2012
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CSA Issues Revised Guidance on Oil and Gas DisclosureNewsletter Sign Up
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January 2012
CSA Issues Revised Guidance on Oil and Gas Disclosure
On December 29, 2011 CSA published Revised CSA Staff Notice 51-327 Guidance on Oil and Gas Disclosure ("51-327"). 51-327 was originally published on February 27, 2009, and revised on December 30, 2010, before being further revised on December 29, 2011. 51-327 provides guidance on compliance with aspects of National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities (NI 51-101).
SEC Amends Definition of 'Accredited Investor'
A new definition will become effective February 27, 2012, which changes the requirements for an individual investor to be eligible under U.S. law as an "accredited investor" for the purpose of registration statement exemptions under Regulation D. The changes affect what can be counted in the individual investor's net worth.p>
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