Regulatory Alerts2022-04-14
CSA Notice of Publication: Financial Statement Requirements - Amendments to Policy Statement to Regulation 41-101
The Canadian Securities Administrators issued amendments to Policy Statement 41-101 to harmonize the interpretation of the Primary Business Requirements for non-investment fund prospectuses. These changes aim to reduce regulatory burden and uncertainty regarding the inclusion of historical financial statements for acquired businesses while maintaining investor protection. The amendments provide clarified guidance on determining an issuer's primary business and are effective April 14, 2022, following ministerial approval.
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