The Canadian Securities Administrators has issued a “frequently asked questions” notice regarding new rules dealing with continuous disclosure obligations.
On March 30, the new rules will come into force. The CSA says that issuers should refer to the rule, its companion policy, and the instructions. But, it notes that new rules often leave market players with questions, so it has compiled the FAQ to assist.
The FAQ deals with eight major issues: definitions; financial statements; MD&A; annual information forms; business acquisition reports; information circulars and proxy solicitations; filing material documents; and transition.