Regulatory Alerts2024-11-07
CSA Staff Notice 51-365 Continuous Disclosure Review Program Activities for Fiscal Years Ended March 31, 2024 and 2023
The Canadian Securities Administrators issued this notice to report on the results of its Continuous Disclosure Review Program for fiscal years 2024 and 2023, highlighting common deficiencies in financial statements and MD&A. The review identified significant issues regarding asset impairment assumptions, business combinations, and overly promotional disclosures concerning artificial intelligence and ESG matters. Issuers are required to provide clear, issuer-specific explanations for key assumptions and governance structures to ensure complete and accurate disclosure for investors.
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