On February 4, 2005, the Canadian Securities Administrators published for public comment measures intended to implement requirements regarding reporting on internal control over financial reporting, in the form of proposed Multilateral Instrument 52-111, and proposed amendments to the existing requirements regarding certification of disclosure in issuers' annual and interim filings in Multilateral Instrument 52-109. These measures continue the implementation of the U.S. Sarbanes-Oxley Act of 2002 in Canada.

type Securities & Capital Markets Advisory - February 2005