Regulators Propose Significant Changes To Public Company AIF And MD&A Filings

The Canadian Securities Administrators (CSA) published for comment proposed amendments (Proposed Amendments) that would streamline annual and interim reporting rules for public companies. The changes will apply to reporting issuers other than investment funds. Public companies are currently required to prepare and file annual and interim financial statements, an annual information form (AIF) in prescribed form and annual and interim "Management's Discussion and Analysis" (MD&A) in prescribed form¹.

The Proposed Amendments would:

• streamline the disclosure requirements set out in the current MD&A and AIF forms,
• combine the financial statements, MD&A and, where applicable, AIF into one new reporting document, and