Regulatory Alerts2021-08-25
Policy Statement to Regulation 51-102 respecting Continuous Disclosure Obligations
Provincial and territorial securities regulators issued this policy statement to clarify the interpretation and application of Regulation 51-102 regarding continuous disclosure obligations for reporting issuers in Canada. The document provides detailed guidance on definitions, filing procedures, financial statement requirements, and specific scenarios such as reverse takeovers and restructuring transactions. It emphasizes the use of plain language in disclosures and outlines compliance expectations for audit committees, accounting principles, and material deficiencies.
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