IIAC RESPONDS TO CONSULTATION ON AMENDMENTS TO CONTINUOUS DISCLOSURE OBLIGATIONS
In its response to the CSA consultation, the IIAC expressed support for amendments to NI 51-102 and its Companion Policy that help investors focus on the salient information needed to make an investment decision and that provide issuers with an efficient process.
In this regard, the IIAC made several recommendations summarized in the executive summary of our submission.
In its continued efforts to help investors focus on the material facts for any given issuer, the IIAC does not support certain ‘one size fits all’ requirements such as mandatory expanded disclosure for all non-venture issuers or proposed reporting requirements for ratios and debt covenants.
For more information, contact Susan Copland.