New Rules Governing Insider Reporting

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Securities regulators across Canada have introduced new rules governing insider reporting. These rules are intended to consolidate the main insider reporting requirements and exemptions in a single national instrument thereby mak-ing it easier for issuers and insiders to understand their obligations and to promote timely and effective compliance. The new rules are set forth in National Instrument 55-104 Insider Reporting Requirements and Exemptions.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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