Advocacy Update: CSA Consultation Paper on Reducing Regulatory Burden

On April 6, 2017, the Canadian Securities Administrators (CSA) issued a Consultation Paper that outlined options to reduce the regulatory burden of public issuers. The option of semi-annual reporting; consolidation of the MD&A, AIF and financial statements into one document; and making documents available to investors electronically without prior notice or consent are some of the options being considered. CIRI has prepared a Backgrounder: Consultation Paper 51-404 - Considerations for Reducing Regulatory Burden for Non-Investment Fund Reporting Issuers to inform members of the Paper and the regulatory requirements that are under review. (Note: You need to be logged in to view this Backgrounder).

Given the impact that these considerations could have on issuers and on IR in particular, CIRI will be making a submission. In order to represent your views accurately, we ask that you complete this brief survey by Monday, July 10. Once the submission has been finalized, we will share it with CIRI members. In the interim, we encourage members to share the Backgrounder within your organization, to discuss the regulatory requirements that are under review and to consider making a submission to the regulators.