Adventures In Venture Land

CSA Implements Changes to Disclosure and Governance Obligations for Venture Issuers

The Canadian Securities Administrators will be implementing amendments to current disclosure and governance obligations for venture issues substantially in line with their last published proposals in 2014. These amendments are intended to streamline and tailor disclosure requirements and to enhance the substantive governance requirements for venture issuers.  The new rules for venture issuers include:

• allowing the requirement for management's discussion and analysis (MD&A) for interim financial periods to be satisfied by a streamlined and focused report on quarterly highlights;
• implementing a new tailored form of executive compensation disclosure;