A number of issuers have been asked to improve their disclosure in future filings
Eight firms failed to meet minimum acceptable standards
Financial crisis has highlighted the critical role disclosure can play
Regulator focused on companies with high indebtedness or in the financial services sector
Even after years of discussion, much disagreement still reigns in the mutual funds sector, as well as among investor rights groups
Proposed “cancellation right” a reduction in investor rights, FAIR Canada says
Suggested improvements aimed at making Fund Facts document more understandable
CSA amendments address proposed changes to securities legislation
Many funds don’t disclose problems to investors
New process recognizes the need for a similar degree of transparency