Regulatory Alerts2025-11-13
Draft Regulation to amend Regulation 52-112 respecting Non-GAAP and Other Financial Measures Disclosure
The regulator amends Regulation 52-112 to introduce new definitions for accounting principles, additional subtotals, and management-defined performance measures while redefining non-GAAP financial measures. The amendments establish specific disclosure requirements for these measures, including the obligation to present the most directly comparable primary financial statement measure and ensure comparable prominence. Additionally, an exemption is created for eligible financial institutions in Quebec to disclose measures defined by financial institution guidelines without adhering to the standard non-GAAP disclosure rules.
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