Inform, August 2008

Table of Contents

In this issue...

Alberta's Unclaimed Personal Property and Vested Property Act will be in force effective Sept. 1, 2008. For those issuers who fall within the act, this means that the abandoned property meter starts running this fall, with remittance of the property to the minister being required five years later.

Earlier this year, the SEC amended its proxy rules to permit the use of electronic shareholder forums. Investors can use these forums to communicate among themselves and with the companies in which they own shares.

The SEC has announced its intention to introduce rules requiring companies to make financial statement information accessible and easily available to investors by the end of 2011. The rules permit companies to provide their financial statements to the SEC and post them on their corporate websites in interactive data format using XBRL.

The CSA has relaxed the rules relating to proxy solicitation by individuals or groups other than the reporting issuer and its agents. Dissident shareholders may now solicit proxies, without the requirement of an information circular being issued, if the solicitation is made to the public by broadcast, speech or publication.

At CIBC Mellon, we believe it's important to keep you informed of trends and changes in the regulatory environment that could impact your business.

This issue by:

William Speirs
James Hinnecke
John Fish
Thomas C. MacMillan

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Inform® is provided for general information purposes only and CIBC Mellon Trust Company, CIBC Mellon Global Securities Services Company, CIBC, The Bank of New York Mellon Corporation and their affiliates make no representations or warranties as to its accuracy or completeness. Readers should be aware the content of this publication should not be regarded as legal, tax, accounting, investment, financial or other professional advice nor is it intended for such use.