The Canadian Securities Administrators today published a revised version of NI 25-101 Designated Rating Organizations and related consequential amendments intended to achieve uniformity of drafting across Canada. As we discussed in a January post, the CSA initially submitted the materials for Ministerial approvals earlier this year. Pursuant to the non-material changes released today, the CSA has resubmitted the proposals. Assuming Ministerial approval of this latest version, the instrument will come into force on April 20, 2012.
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