The Canadian Securities Administrators issued an updated notice adding a few professional boards to the list of organizations recognized under the rule for the disclosure of oil and gas activities.

Oil and gas disclosure rules require reporting issuers to appoint one or more qualified reserves evaluators or reserves auditors to report to its board of directors on its reserves data. The qualifications include being a member in good standing of a “professional organization,” such as a self-regulatory organization of engineers, geologists, other geoscientists or other professionals whose professional practice includes reserves evaluations or reserves audits.

The notice adds: Certified Petroleum Geologists within the American Association of Petroleum Geologists’ Division of Professional Affairs and Britain’s Energy Institute. Several U.S.-based boards were also recently added to Quebec’s approved list.

“CSA staff reviewed relevant documentation concerning the professional organizations’ authority and recognition, membership requirements and disciplinary powers,” it notes, concluding that acceptance of the professional organizations would not be contrary to the public interest and would facilitate compliance with [oil and gas disclosure rules].