CSA Publish Guidelines on Retirement Benefits Disclosure

This article was originally published in Blakes Bulletin on Securities Law - January 2005

Article by John Tuzyk

©2005 Blake, Cassels & Graydon LLP

• Guidelines provided for issuers who wish to provide broadened disclosure

• Additional retirement benefit disclosure may be required in future

The Canadian Securities Administrators staff have issued Staff Notice 51 – 314 Retirement Benefits Disclosure providing guidelines for disclosure of retirement benefits. The Staff Notice indicates that a number of issuers are presently considering providing enhanced disclosure on retirement benefits payable to executives, which goes beyond that which is required under current securities law requirements. The purpose of the Notice is to provide guidance from CSA staff (except for British Columbia staff which has not participated in the Notice) to issuers that choose to broaden their disclosure relating to