Regulatory Alerts2021-05-27
Regulation 52-112 respecting Non-GAAP and Other Financial Measures Disclosure
Canadian securities regulators issued Regulation 52-112 to standardize the disclosure of non-GAAP and other specified financial measures by reporting and non-reporting issuers. The regulation mandates specific labeling, prominence, and reconciliation requirements for historical and forward-looking non-GAAP measures, ratios, and segment totals to ensure comparability and investor understanding. It establishes effective dates in August and December 2021 while providing exemptions for investment funds, foreign issuers, and certain industry-specific disclosures.
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