加拿大矿业上市公司信息披露义务
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摘要
加拿大矿业资本市场的发达程度居世界前列,其完善的监管机制及专门针对上市矿业公司不同层面的合规制度与规范,为矿业公司的上市及合规运营提供了良好的环境。文章通过对加拿大矿业资本市场监管机构的管理制度、矿业上市公司应该遵守的国家制度、证交所规章制度以及专业协会/委员会规范的综合研究与分析,从财务信息、年度股东大会、内部人士报告、重大信息等矿业上市公司运营过程中必然涉及的重大方面,详细介绍了加拿大矿业公司维持上市状态,实现健康发展所需履行的合规运营及信息披露义务。
The capital market of Canada,dominating entities being Toronto Stock Exchange( TSX) and TSX Venture Exchange( TSXV),is a leading capital market in the world,especially in the mining sector. Its highly developed supervision systems and targeted rules,polices and regulations for mining sectors have created a favorable capital market environment for mining companies to list and carry on operations on TSX and TSXV. By studying and analyzing the relevant statutory rules,polices and regulations of Canada,such as National Policies,National Instruments,TSX/TSXV Polices,OSC Securities Acts and BC Securities Regulations etc.,the paper is dedicated to summarize the obligations of compliance that should be fulfilled by the public mining companies,and the relevant information disclosure practices of the public mining companies including,but not limited to,financial statements,annual general meetings,insider reports,private placements and any other transactions and changes.
The capital market of Canada,dominating entities being Toronto Stock Exchange( TSX) and TSX Venture Exchange( TSXV),is a leading capital market in the world,especially in the mining sector. Its highly developed supervision systems and targeted rules,polices and regulations for mining sectors have created a favorable capital market environment for mining companies to list and carry on operations on TSX and TSXV. By studying and analyzing the relevant statutory rules,polices and regulations of Canada,such as National Policies,National Instruments,TSX/TSXV Polices,OSC Securities Acts and BC Securities Regulations etc.,the paper is dedicated to summarize the obligations of compliance that should be fulfilled by the public mining companies,and the relevant information disclosure practices of the public mining companies including,but not limited to,financial statements,annual general meetings,insider reports,private placements and any other transactions and changes.
引文
National Instrument 55-102---System for Electronic Disclosure by Insiders(SEDI)[S].https://www.bcsc.bc.ca/Securities_Law/Policies/Policy5/PDF/55-102__NI__May_6__2011/2011-05-6.
National Instrument 62-104 Take-Over Bids and Issuer Bids[S].https://www.bcsc.bc.ca/62-104_[NI]_05092016/2016-5-9.
National Instrument51---102 Continuous Disclosure Obligations[S].https://www.bcsc.bc.ca/51-102_[NI]_11172015/2015-11-17.
National Policy 51-201 Disclosure Standards[S].https://www.bcsc.bc.ca/Securities_Law/Policies/Policy5/51-201_Disclosure_Stan dards__NP_,May 31,2013:8-10.
Ontario Securities Commission Rule61-501 Insider Bids,Issuer Bids,Business Combinations and Related Party Transactions[S].http://www.osc.gov.on.ca/documents/en/Securities-Category6/rule_20040625_61-501_amend.pdf/2004-06-25.
TSX Venture Corporate Finance Policy 3.1---Directors,Officers,Other Insiders&Personnel and Corporate Governance[S].https://tsx.com/resource/en/1055/2010-06-14.
TSX Venture Corporate Finance Policy 4.1---Private Placement[S].https://tsx.com/resource/en/1055/2010-06-14.
National Instrument 62-104 Take-Over Bids and Issuer Bids[S].https://www.bcsc.bc.ca/62-104_[NI]_05092016/2016-5-9.
National Instrument51---102 Continuous Disclosure Obligations[S].https://www.bcsc.bc.ca/51-102_[NI]_11172015/2015-11-17.
National Policy 51-201 Disclosure Standards[S].https://www.bcsc.bc.ca/Securities_Law/Policies/Policy5/51-201_Disclosure_Stan dards__NP_,May 31,2013:8-10.
Ontario Securities Commission Rule61-501 Insider Bids,Issuer Bids,Business Combinations and Related Party Transactions[S].http://www.osc.gov.on.ca/documents/en/Securities-Category6/rule_20040625_61-501_amend.pdf/2004-06-25.
TSX Venture Corporate Finance Policy 3.1---Directors,Officers,Other Insiders&Personnel and Corporate Governance[S].https://tsx.com/resource/en/1055/2010-06-14.
TSX Venture Corporate Finance Policy 4.1---Private Placement[S].https://tsx.com/resource/en/1055/2010-06-14.