Both “interesting and sophisticated” (from “So Hard Done By” by The Tragically Hip), the Proposed Amendments are intended to reduce regulatory burden by fostering streamlined reporting and increasing reporting efficiency for reporting issuers (other than investment funds), while increasing the quality and usability of the disclosure provided to investors without compromising investor protection or the efficiency of the capital markets. In particular, the Proposed Amendments would streamline management's discussion and analysis (MD&A) and annual information form (AIF) requirements by combining them into one reporting document, together with an issuer’s financial statements.
BACKGROUND
Considerations for Reducing Regulatory Burden for Non-Investment Fund Reporting Issuers (see our May 2017