Canadian securities regulators introduce amendments to oil and gas disclosure

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Dec 04, 2014

On December 4, the Canadian Securities Administrators introduced amendments to National Instrument 51-101, Standards of Disclosure for Oil and Gas Activities, and related forms, which are designed to improve and clarify the disclosure of reporting issuers in the oil and gas industry.

The amendments are a result of both the CSA’s ongoing evaluation of reporting issuer disclosure and the incorporation of industry feedback. The amendments promote improved disclosure of resources other than reserves, provide increased flexibility for oil and gas issuers that operate and report in different jurisdictions or recover product types not previously recognized by NI 51-101, and aligns it with the amended Canadian Oil and Gas Evaluation Handbook.

Review the amendments.

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