IIAC COMMENTS ON ‘ACCESS EQUALS DELIVERY’
The IIAC has submitted comments on CSA Consultation Paper 51-405 Consideration of an Access Equals Delivery Model for Non-Investment Fund Reporting Issuers. The IIAC supports the CSA policy initiative given the added efficiency an ‘access equals delivery’ framework could bring to the Canadian marketplace, significantly reducing the time and money necessary to comply with delivery obligations.
The IIAC recommends that as a first step the CSA prioritize access equals delivery for prospectuses and financial statement and related management's discussion and analysis (MD&A). Narrowing the CSA’s focus to these disclosures would result in some of the benefits of an access equals delivery model being realized sooner.
For more information, please contact Jack Rando.