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Securities regulators propose reduced periodic disclosure requirements for Canadian public companies | Dentons
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Automatic Securities Disposition Plan Established by Canada Goose Chief Executive Officer
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Canadian Securities Regulators Publish Final Rule For Non-GAAP And Other Financial Measures Date
27/05/2021
The Canadian Securities Administrators (CSA) today published disclosure requirements for issuers that disclose non-GAAP (generally accepted accounting principles) and other financial measures on a voluntary basis. The rule improves the quality of information provided to investors for various financial measures that commonly lack standardized meaning.
“This new rule will provide investors with the transparency they have asked for, consistent terminology and a standardized framework,” said Louis Morisset, CSA Chair and President and CEO of the Autorité des marchés financiers. “We believe we struck the right balance in the final rule by adjusting the scope and simplifying the disclosure requirements in response to stakeholder feedback.”
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