CSA seeks comments on reducing regulatory burden for non-investment fund reporting issuers
Apr 06, 2017
On April 6, 2017, the Canadian Securities Administrators (CSA) published CSA Consultation Paper 51-404 "Considerations for Reducing Regulatory Burden for Non-Investment Fund Reporting Issuers" (Consultation Paper), which seeks comments on potential options for reducing regulatory burden for non-investment fund reporting issuers in the public markets.
The Consultation Paper identifies and seeks input on potential options for reducing regulatory burden associated with capital raising in the public markets and the ongoing costs of remaining a reporting issuer. These options include:
- expanding the application of streamlined rules for smaller reporting issuers;
- reducing the regulatory burden associated with prospectus rules and the offering process;
- reducing certain ongoing disclosure requirements;
- eliminating overlap in potentially duplicative regulatory requirements; and
- enhancing the electronic delivery of documents.
Comments should be submitted in writing by July 7, 2017.
Review the press release and the Consultation Paper on the CSA's website.