Regulatory Alerts2020-08-20
CSA Notice of Publication: Regulation to amend Regulation 51-102 respecting Continuous Disclosure Obligations - Business Acquisition Report Requirements
The Canadian Securities Administrators are amending Regulation 51-102 to reduce the regulatory burden of Business Acquisition Report requirements for non-venture issuers. The changes introduce a two-trigger test requiring at least two significance tests to be exceeded and raise the significance threshold from 20% to 30%. These amendments aim to eliminate anomalous results while maintaining investor protection and are effective November 18, 2020.
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