Regulatory Alerts2021-08-25
Policy Statement to Regulation 52-112 Respecting Non-GAAP and Other Financial Measures Disclosure
Canadian provincial and territorial regulatory authorities issued this policy statement to interpret and apply the disclosure requirements of Regulation 52-112 regarding non-GAAP and other specified financial measures. The document clarifies definitions for non-GAAP financial measures, supplementary financial measures, and financial ratios, while explicitly excluding non-financial information and certain mandatory disclosures from its scope. It further outlines application rules for issuers, including requirements for website and social media disclosures, and specifies exemptions for mineral projects, oil and gas metrics, and third-party reports.
Share