CANADIAN SECURITIES ADMINISTRATORS NOTICE 51-325 STATUS OF PROPOSED REPEAL AND SUBSTITUTION OF FORM 51-102F6 STATEMENT OF EXECUTIVE COMPENSATION The securities regulatory authorities in all Canadian jurisdictions are issuing this notice to update market participants on the status of our review of executive compensation disclosure requirements. On March 29, 2007, the securities regulatory authority in every Canadian jurisdiction published for comment proposed Form 51-102F6 – Statement of Executive Compensation. The comment period expired on June 30, 2007. We received and reviewed 41 comment letters. After extensive review and consideration of the comments received, we have decided to revise the proposal and delay implementation. We will publish an amended version of proposed Form 51-102F6 for comment later this year. Consequently, the CSA will not implement proposed Form 51-102F6 on December 31, 2007 as originally indicated. Furthermore, the CSA will not implement an amended Form 51-102F6 for fiscal years ending before June 30, 2008. We will continue to update market participants. Please refer your questions to any of: Ontario Securities Commission Iva Vranic Deepali Kapur Manager, Corporate Finance Accountant, Corporate Finance (416) 593-8115 (416) 593-8256 ivranic@osc.gov.on.ca dkapur@osc.gov.on.ca Carmen Tang Legal Counsel, Corporate Finance (416) 593-8215 ctang@osc.gov.on.ca British Columbia Securities Commission Andrew Richardson Alison Dempsey Deputy Director, Corporate Finance Senior Legal Counsel, Corporate Finance (604) 899-6730 (604) 899-6638 (800) 373-6393 (toll free in B.C. and AB) (800) 373-6393 (toll free in B.C. and AB) arichardson@bcsc.bc.ca adempsey@bcsc.bc.ca
Alberta Securities Commission Tom Graham Lara Gaede Director, Corporate Finance Associate Chief Accountant (403) 297-5355 (403) 297-4223 tom.graham@seccom.ab.ca lara.gaede@seccom.ab.ca Autorité des marchés financiers Lucie J. Roy Denise Houde Conseillère en réglementation Chef de la réglementation Service de la réglementation Service de la réglementation Surintendance aux marchés des valeurs Surintendance aux marchés des valeurs (514) 395-0337, poste 4364 (514) 397-0337, poste 4361 lucie.roy@lautorite.qc.ca denise.houde@lautorite.qc.ca Pasquale Di Biasio Analyste, Information financière Direction des marchés des capitaux (514) 395-0337, poste 4385 pasquale.dibiasio@lautorite.qc.ca August 31, 2007 2
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