Objective and Scope
It is the objective of ARC Resources Ltd. ("ARC") to be an industry leader in all facets of its business. The objective of this Disclosure and Insider Trading Policy (the "Policy") is to ensure:
- Communications of ARC with its stakeholders are timely, factual and accurate;
- Communications of ARC with the public are broadly disseminated in accordance with all applicable legal and regulatory requirements; and
- ARC employees and directors are aware of expectations related to insider trading and the handling of material information related to ARC's business and affairs.
The Policy documents the disclosure and trading policies and practices of ARC and aims to promote an understanding of the legal requirements among ARC's directors, officers, and employees.
This policy is also intended to assist the President and Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”) of ARC in making certifications with respect to the disclosure controls of ARC required under National Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings and to assist any director or officer of ARC in the conduct of the reasonable investigation required to provide a defense to any action against such director or officer based on a misrepresentation or failure to make timely disclosure.
This Policy extends to all directors, officers, and employees of ARC and its subsidiaries, and those authorized to speak on its behalf. This Policy covers all of ARC's material disclosures, including disclosures made in filings with securities regulators, voluntary disclosures to shareholders, third parties in private meetings and with the public, and any other communication, the content of which would reasonably be expected to affect the market value or price of any security of ARC. Such disclosures are referred to in this Policy as "Disclosure Statements."