Proposed National Instrument 51-107 Disclosure of Climate-related Matters
Part 3 Exemption and Effective Date
Section 5

Exemption

(1) The regulator or securities regulatory authority may grant an exemption from this Instrument, in whole or in part, subject to such conditions or restrictions as may be imposed in the exemption.

(2) Despite subsection (1), in Ontario, only the regulator may grant such an exemption.

(3) Except in Ontario, an exemption referred to in subsection (1) is granted under the statute referred to in Appendix B of National Instrument 14-101 Definitions, opposite the name of the local jurisdiction.


Proposed National Instrument 51-107 Disclosure of Climate-related Matters
Part 3 Exemption and Effective Date
Section 6

Effective Date and Transition

(1) This Instrument comes into force on [●].

(2) This Instrument applies:

(a) in the case of a reporting issuer other than a venture issuer, in respect of each financial year beginning on or after [January 1 of the first year after [●];

(b) in the case of a venture issuer, in respect of each financial year beginning on or after [January 1 of the third year after [●].