Regulatory Alerts2019-09-05
CSA Notice of Consultation: Draft Regulation to Amend Continuous Disclosure and Business Acquisition Report Requirements
The Canadian Securities Administrators propose amendments to Regulation 51-102 to reduce regulatory burdens on non-venture reporting issuers regarding Business Acquisition Report requirements. The draft changes require at least two of the three existing significance tests to be triggered and increase the significance threshold from 20% to 30% for determining if an acquisition is significant. These modifications aim to address anomalous results and high compliance costs while maintaining investor protection through relevant financial disclosure.
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