Regulatory Alerts2025-09-19
Regulation 52-109 Respecting Certification of Disclosure in Issuers' Annual and Interim Filings
Securities regulators in Canada require certifying officers of reporting issuers to file annual and interim certificates attesting to the accuracy of financial disclosures and the effectiveness of internal controls. The regulation mandates that non-venture issuers establish and maintain disclosure controls and procedures as well as internal control over financial reporting, while providing specific exemptions for issuers complying with U.S. Sarbanes-Oxley requirements. It also outlines distinct certification forms and filing timelines for venture issuers, new reporting issuers, and those undergoing reverse takeovers or initial public offerings.
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