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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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