Canadian Securities Administrators Proposes Amendments To Streamline Continuous Disclosure Requirements

On May 20, 2021, the Canadian Securities Administrators (the CSA) published a notice (the Notice) asking for comments on proposed amendments to National Instrument 51-102  Continuous Disclosure Obligations (NI 51-102) and other amendments and changes to related securities laws and policies in respect of the annual and interim filings of non-investment fund reporting issuers (collectively, the Proposed Amendments). The Notice also seeks feedback on a proposed framework for semi-annual reporting for venture issuers on a voluntary basis (the Proposed Framework).

Proposed Amendments

Aim to reduce the burden on issuers

The Proposed Amendments stem from comments received in response to the CSA Consultation Paper 51-404 Considerations for Reducing Regulatory Burden for Non-Investment Fund Reporting Issuers, comparable requirements in other countries and other stakeholder feedback about disclosure requirements and annual and interim filings. By implementing the