Regulatory Alerts2020-02-13
Draft Policy Statement to Regulation 52-112 respecting Non-GAAP and Other Financial Measures Disclosure
Securities regulatory authorities issued this draft policy statement to clarify the interpretation and application of Regulation 52-112 regarding the disclosure of non-GAAP and other specified financial measures. The document defines the scope of covered measures, distinguishing them from non-financial metrics and component information, while outlining specific exemptions for mineral, oil and gas, and legally required disclosures. It further establishes detailed requirements for labeling, prominence, and the incorporation by reference of such measures in continuous disclosure documents.
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