Regulatory Alerts2020-02-13
CSA Second Notice of Consultation: Draft Regulation 52-112 respecting Non-GAAP and Other Financial Measures Disclosure
The Canadian Securities Administrators are seeking public comments on revised draft regulations and policy statements governing the disclosure of non-GAAP and other financial measures. These proposed rules aim to reduce regulatory burden by narrowing the scope of application to certain issuers, exempting specific disclosures, and simplifying requirements while enhancing consistency and transparency for investors. The consultation period for these materials closes on May 13, 2020, following substantive changes made in response to stakeholder feedback on the original 2018 proposals.
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