(1) National Instrument 55-104 Insider Reporting Requirements and Exemptions (the Instrument) sets out the principal insider reporting requirements and exemptions for insiders of reporting issuers. [FN 1]
(2) The purpose of this Policy is to help you understand how the Canadian Securities Administrators (the CSA or we) interpret or apply certain provisions of the Instrument.
FN 1 In Ontario, the principal insider reporting requirements are set out in Part XXI of the Securities Act (Ontario) (the Ontario Act). See Part 2 of this Policy.