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Proposed National Instrument 14-101 is intended to provide a nationally consistent approach to the interpretation and application of national instruments. It is also intended to provide a framework of terms that the Canadian Securities Administrators (CSA) have agreed upon for use in future National Instruments. This National Instrument does not contain any substantive provisions, and only sets out terms used in other National Instruments.
The proposed National Instrument sets out definitions for commonly used terms such as Canadian GAAP, securities regulatory authority, and definitions of terms used in more than one National Instrument.
The proposed National Instrument is an initiative of the CSA. It is expected to be adopted as a rule in B.C., Alberta, and Ontario, as a Commission regulation in Saskatchewan, and as a policy in each of the other jurisdictions represented by the CSA.