Regulatory Alerts2025-11-13
Draft Changes to Policy Statement to Regulation 52-112 respecting Non-GAAP and Other Financial Measures Disclosure
Canadian securities regulators propose amendments to Policy Statement 52-112 to extend disclosure requirements to additional subtotals and management-defined performance measures. The changes clarify definitions, prohibit anti-avoidance disclosures in financial statement notes, and update references to IFRS 18 to align with evolving accounting standards. Additionally, the draft introduces new rules for incorporating information by reference and permits two-step quantitative reconciliations for specified financial measures.
Share