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Guidance for disclosure improvements following a review of investment entities

  • Securities - CSA Image

Mar 16, 2017

On March 16, 2017, the securities regulatory authorities in Ontario, Alberta, and Saskatchewan (the participating jurisdictions) released CSA Multilateral Staff Notice 51-349 "Report on the Review of Investment Entities and Guide for Disclosure Improvements," which summarizes key findings from an Ontario Securities Commission staff review of the continuous disclosure of reporting issuers that meet the definition of an investment entity under IFRS 10, Consolidated Financial Statements.

OSC staff reviewed the compliance of 12 investment entities, which represent over 90 per cent of the collective market capitalization of the investment entities subsector in Ontario. The purpose of the review was to improve disclosure in material areas, assess accounting areas which require the exercise of significant judgement, and to inform policy related issues.

Review the press release on the CSA's website and Staff Notice on the participating jurisdictions' websites.

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