Skip to content

Brought to you by

Dentons logo

Mining Law Canada Blog

Updates affecting the mining industry in Canada.

open menu close menu

Mining Law Canada Blog

  • Home
  • TSX Listings
  • About Us

Securities regulators propose reduced periodic disclosure requirements for Canadian public companies

By Eric Lung and George Hua
July 7, 2021
  • Proposed Regulatory Changes
Share on Facebook Share on Twitter Share via email Share on LinkedIn

On May 20, 2020, the Canadian Securities Administrators (CSA) published for comment Proposed Amendments to National Instrument 51-102 Continuous Disclosure Obligations and other Amendments and Changes (the Proposed Amendments), a set of reform proposals aimed at reducing and streamlining the annual and quarterly reporting obligations set out in National Instrument 51-102 Continuous Disclosure Obligations (NI 51-102) and increasing reporting efficiency for reporting issuers, other than investment funds. 

The Proposed Amendments follow a 2017 consultation paper, in response to which many capital markets participants supported examining how to reduce the volume of information presented in annual and interim filings.

The Proposed Amendments would change the existing continuous disclosure regime in three main ways: 

  1. Combine the annual financial statements, management discussion and analysis (MD&A) and annual information form (AIF) into an “annual disclosure statement”, while quarterly financials and MD&A would be combined into an “interim disclosure statement”
  2. Streamline and clarify certain disclosure requirements set out in the current form of the MD&A and AIF
  3. Introduce new measures to address gaps identified in the current disclosure framework regime

The Proposed Amendments also include requests for comment on a number of specific aspects of the proposed changes. The public comment period will remain open until September 17, 2021. Click here to read more.

Share on Facebook Share on Twitter Share via email Share on LinkedIn
Subscribe and stay updated
Receive our latest blog posts by email.
Stay in Touch
Eric Lung

About Eric Lung

Eric Lung is a partner practicing in Dentons’ Vancouver office and is a member of the Securities and Corporate Finance group. Eric's practice is focused primarily on corporate, securities and transactional matters, with a particular emphasis on mergers & acquisitions, financings and corporate reorganizations.

All posts Full bio

George Hua

About George Hua

George Hua is a Summer Student in the Calgary Office.

All posts

RELATED POSTS

  • Proposed Regulatory Changes

Mining Regulator May Owe Duty to Mine Owners

By Jaclyn Vanstone
  • Mining
  • Proposed Regulatory Changes

British Columbia government announces key findings and recommendations from audit of code requirements for tailings storage facilities

By Robin Longe
  • Mining
  • Proposed Regulatory Changes

Canadian securities regulators adopt new non-GAAP financial disclosure requirements for Canadian public companies

By Eric Lung

About Dentons

Dentons is designed to be different. As the world’s largest law firm with 20,000 professionals in over 200 locations in more than 80 countries, we can help you grow, protect, operate and finance your business. Our polycentric and purpose-driven approach, together with our commitment to inclusion, diversity, equity and ESG, ensures we challenge the status quo to stay focused on what matters most to you. www.dentons.com

Dentons boilerplate image

Twitter

Categories

  • Big Deals
  • Compliance
  • Continuous Disclosure
  • Corporate Governance
  • Covid-19
  • Enforcement
  • Event
  • Finance
  • Foreign Investment
  • General
  • Litigation
  • Mergers & Acquisitions
  • Mining
  • Privacy and cybersecurity
  • Proposed Regulatory Changes
  • Secondary Market
  • Tax
  • Technology

Subscribe and stay updated

Receive our latest blog posts by email.

Stay in Touch

Dentons_Logo_White_RGB_72

© 2023 Dentons

  • Legal notices
  • Privacy policy
  • Terms of use
  • Cookies on this site