Department of Community Services

Yukon Securities Office

Requests for Comment

The consultation process is an important part of regulatory evolution. Both public and industry are encouraged to provide input into new or revised legislation. When the Yukon Securities Office or CSA is of the opinion that new or revised regulation is required, the proposed new documents will typically be published for public comment.

Kindly be informed that the following new documents have been published in various Canadian jurisdictions for comment. Comments should be directed to the Yukon Securities Office by e-mailing securities@gov.yk.ca

CSA Instrument & Description of Proposal	Published	Comment Period Ends
MI 51-105 - Issuers Quoted in the U.S. Over-the-Counter Markets The Canadian Securities Administrators (CSA) except Ontario, are publishing for a 90-day comment period proposed Multilateral Instrument 51-105 Issuers Quoted in the U.S. Over-the-Counter Markets (the OTC Rule). The OTC Rule conveys reporting issuer status on issuers whose securities are quoted on a U.S. over-the-counter market but not on a major North American exchange and that have a significant connection to Canada. The OTC Rule was developed from BC Instrument 51-509. CSA Notice and Draft of Proposed Instrument 51-105	June 10, 2011	Sept 9, 2011
NI 31-103 - Amendments Related to SRO Exemptions As contemplated in the Notice published on April 15, 2011, the Canadian Securities Administrators are seeking comments on proposed amendments to National Instrument 31-103 Registration Requirements and Exemptions (the Rule) and Companion Policy 31-103CP Registration Requirements and Exemptions related to the exemptions for SRO members and their dealing representatives in Parts 3 and 9 of the Rule. CSA Notice and Draft of Proposed Amendments to NI 31-103	May 16, 2011	July 18, 2011
NP 11-201 - Delivery of Electronic Documents The Canadian Securities Administrators today published National Policy 11-201, Delivery of Electronic Documents, for comment. The proposed amendments would simplify and update the existing policy to recognize changes to other non-securities legislation and the increased familiarity that market participants and investors have with electronic delivery of documents. CSA Notice and Draft of NP 11-201	April 29, 2011	June 29, 2011
NI 23-103 - Electronic Trading and Direct Access to Marketplace The Canadian Securities Administrators today published National instrument 23-103, Electronic Trading and Direct Access to Marketplace, for comment. The proposed rule is designed to establish a regulatory framework for electronic trading in Canada. CSA Notice and Draft of NI 23-103	April 8, 2011	July 8, 2011
NI 41-103 - Securitized Products The Canadian Securities Administrators are proposing a number of new National Instrument to begin the regulation of securitized products in Canada. The below package of rules set out the framework for the proposed regulatory structure and are open for comment until July 1, 2011. CSA Notice and Draft of NI 41-103 et al	April 1, 2011	July 1, 2011
NI 25-101 - Credit Rating Organizations The Canadian Securities Administrators are proposing a new National Instrument to begin the regulation of Credit Rating Organizations in Canada. As the conduct of Credit Rating Organizations has a significant impact upon credit and securities markets, the Canadian Securities Administrators have decided that a regulatory regime should be developed. Accordingly the CSA is seeking comment on the New Instrument 25-101 and required consequential amendments to other National Instruments, which are more fully described in the Notice below. CSA Notice and Draft of NI 25-101	March 18, 2011	May 17, 2011
NI 21-101 - Marketplace Operations & NI 23-101 Trading Rules The Canadian Securities Administrators are proposing amendments to the above noted National Instruments. The objective of the amendments is to increase consistency and streamline the regulatory and reporting requirements applicable to recognized exchanges, recognized quotation and trading reporting systems and alternative trading systems. CSA Notice and Draft of National Instrument 21-101	March 7, 2011	June 6, 2011