Regulatory Alerts2021-05-20
Draft Regulation to amend Regulation 51-102 respecting Continuous Disclosure Obligations
The securities regulators of Canada have proposed amendments to Regulation 51-102 to consolidate annual and interim financial reporting into unified annual and interim disclosure statements. These changes introduce specific filing deadlines for reporting issuers, distinguishing between venture and non-venture issuers, and mandate board of directors approval for all disclosure statements. The draft also updates definitions for key terms like AIF and MD&A, requires audited comparative annual financial statements, and repeals several outdated sections to streamline continuous disclosure obligations.
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