Draft Amendments to Policy Statement to Regulation 51-105 Respecting Issuers Quoted in the U.S. Over-the-Counter Markets

Canadian securities regulators have amended Section 5 of the Policy Statement to Regulation 51-105 by adding a new paragraph that incorporates Regulation 52-112. This amendment formally references Regulation 52-112, which sets out specific disclosure requirements for non-GAAP and other financial measures. The change applies to issuers quoted in U.S. over-the-counter markets, ensuring their financial reporting aligns with Canadian disclosure standards.

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AMENDMENTS TO POLICY STATEMENT TO REGULATION 51-105 RESPECTING ISSUERS QUOTED IN THE U.S. OVER-THE-COUNTER MARKETS

Section 5 of Policy Statement to Regulation 51-105 respecting Issuers Quoted in
the U.S. Over-the-Counter Markets is amended by adding, under the heading “Regulations” and after paragraph (d) of the first paragraph, the following:
“(e) Regulation 52-112 Non-GAAP and Other Financial Measures Disclosure (insert reference) which sets out disclosure requirements for non-GAAP financial measures and certain other financial measures.”.

Lineage: In force

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Source: Autorite des marches financiers Quebec — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works