Tax changes to income trusts announced by the federal government increase the need for income trusts to provide investors with more standardized and transparent information about management practices affecting cash distributions, say Canada’s Chartered Accountants.The Canadian Institute of Chartered Accountants (CICA) today issued guidance for income trusts that recommends standardized reporting of distributable cash in […]
Number of continuous disclosure reviews up 19%
A recent continuous disclosure review by Canadian securities regulators suggests that the quality of accounting and disclosure practices of many income trusts continues to deteriorate, says Standard & Poor’s, in a new report. The new report from S&P follows the Canadian Securities Administrators’ recent report on the disclosure practices of income trust issuers. “The CSA’s […]
Distributable cash disclosure in Management’s Discussion and Analysis, in particular, needs improvement
No issue in SEC history has attracted this much attention, chairman says
Investor relations tool includes model disclosure policy
As of July 1, reports will be available on SEDAR at the same time preliminary prospectus is made public
Applications are due by June 30
In his congressional testimony today, US Securities and Exchange Commission chairman, Christopher Cox, talked about the initiatives and priorities underway at the SEC to improve financial disclosure for individual investors.Speaking before the U.S. Senate Committee On Banking, Housing, And Urban Affairs, Cox said, “Since making the transition from the halls of Congress to the SEC, […]
More Canadian companies disclosing sustainability information