Regulatory Alerts2023-06-09
Policy Statement to Regulation 51-102 Respecting Continuous Disclosure Obligations
Canadian provincial and territorial regulatory authorities issued this policy statement to clarify the interpretation and application of Regulation 51-102 regarding continuous disclosure obligations for reporting issuers. The document defines key terms such as directors, investment funds, and reverse takeovers, while establishing requirements for filing documents on SEDAR+, applying plain language principles, and adhering to specific accounting standards. It further details procedural rules for financial statements, including audit requirements, filing deadlines, delivery mechanisms, and exemptions for foreign issuers and investment funds.
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