OSC publishes 2022 Corporate Finance Branch Report

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Dec 01, 2022

On December 1, 2022, the Ontario Securities Commission (OSC) published its annual "Corporate Finance Branch Report", an important resource to help issuers and their advisors with their reporting obligations.

Key areas of focus in fiscal 2022 included various initiatives designed to reduce regulatory burden for reporting issuers. These include new temporary exemptions from certain prospectus requirements for qualifying well-known seasoned issuers and proposed amendments to modernize the way certain documents are made available for the benefit of investors and issuers through an access equals delivery model.

The report provides issuers with guidance on trends and issues identified during compliance reviews, such as disclosure expectations concerning the war in Ukraine and observations of disclosures in the crypto asset industry. The report also provides guidance on the disclosure of non-GAAP (generally accepted accounting principles) and other financial measures, as well as MD&A disclosure.

Review the press release and report on the OSC's website.

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