Regulatory Alerts2023-06-09
Regulation 52-112 Respecting Non-GAAP and Other Financial Measures Disclosure
Issued by Canadian securities regulators, this regulation establishes disclosure requirements for reporting issuers presenting specified financial measures such as non-GAAP financial measures, ratios, and capital management measures. It mandates that issuers provide clear labels, quantitative reconciliations to the most directly comparable GAAP measures, and explanations of the measures' composition and utility to investors. The rules further require consistent presentation prominence and the disclosure of comparative period data to ensure transparency and comparability for market participants.
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