CSA Provides Guidance On Continuous Disclosure Obligations Related To Current Economic Conditions

Copyright 2009, Blake, Cassels & Graydon LLP

Originally published in Blakes Bulletin on Securities Regulation, January 2009

The global economic downturn of the past few months has led to increased scrutiny of public disclosure by reporting issuers, as investors seek to understand and quantify the effects of the current economic conditions. An issuer preparing its annual continuous disclosure filings for the 2009 meeting season should be aware that Canadian disclosure requirements will require partic-ular focus in light of the troubled markets. Thoughtful and accurate disclosure on these issues will not only satisfy relevant securities law requirements, it may also help mitigate investor anxiety and pre-empt surprises.