New Proposed CSA Measures Set to Simplify Filings for Issuer

New Proposed CSA Measures Set to Simplify Filings for Issuers, Enhance Usability for Investors | Bennett Jones LLP


[co-author: Alyssa Marshall - Articling Student]
On May 20, 2021, the Canadian Securities Administrators (CSA) issued a notice requesting comments on proposed amendments to National Instrument 51-102
Continuous Disclosure Obligations (NI 51-102) and other changes relating to annual and interim filings of non-investment fund reporting issuers. The CSA is also seeking feedback on a proposed framework for semi-annual reporting for venture issuers, on a voluntary basis.
The 120-day comment period expires on September 17, 2021.
Proposed Amendments to National Instrument 51-102
The proposed amendments to NI 51-102 are informed by comments received in response to CSA Consultation Paper 51-404
Considerations for Reducing Regulatory Burden for Non-Investment Fund Reporting Issuers (CP 51-404) originally issued in early 2017, as well as other stakeholder feedback concerning disclosure requirements for reporting issuers in annual and interim filings. The proposed amendments are meant to reduce the burden of disclosure on reporting issuers, while enhancing the usefulness and understandability of the disclosure for investors.

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