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Newfoundland and Labrador
Corporations Regulations (Amendment) (Filed September 29, 2011) Under the authority of section 409 of the Corporations Act, the Lieutenant-Governor in Council makes the following regulations. Dated at Robert Thompson REGULATIONS Analysis 1.
S.2 Amdt. 2.
S.27 R&S 3.
S.28 R&S CNLR 750/96 1. Section 2 of the Corporations Regulations is amended by deleting the word “and” at the end of paragraph (a), replacing the period at the end of paragraph (b) with a semi-colon and adding immediately after paragraph (b) the following: (c) "reporting issuer" has the same
meaning as defined in the Securities Act. 2. Section 27 of the regulations is repealed and the following substituted: Annual financial statements 27. (1) The financial statements referred to in paragraph 258(1)(a) of the Act shall be prepared in accordance with the standards of the Canadian Institute of Chartered Accountants set out in the C.I.C.A. Handbook including any amendments to it. (2) Notwithstanding subsection (1), a reporting
issuer may prepare financial statements referred to in paragraph 258(1)(a) of
the Act in accordance with other standards as may be permitted in the rules made
under section 144.1 of the Securities
Act. 3. Section 28 of the regulations is repealed and the following substituted: Auditor's report 28. (1) The auditor's report referred to in section 274 of the Act shall be prepared in accordance with the standards of the Canadian Institute of Chartered Accountants set out in the C.I.C.A. Handbook including any amendments to it. (2) Notwithstanding subsection (1) the auditor's
report of a reporting issuer referred to in section 274 of the Act may be
prepared in accordance with other standards as may be permitted in the rules
made under section 144.1 of the Securities
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