For Immediate ReleaseMay 22, 2014
Vancouver - The Canadian Securities Administrators (CSA) today published for comment proposed amendments that would streamline disclosure by venture issuers.
“These proposed amendments are designed to streamline disclosure requirements so that venture issuers can focus more on the growth of their businesses,” said Bill Rice, Chair of the CSA and Chair and CEO of the Alberta Securities Commission. “They will also focus disclosure on information that reflects the needs and expectations of investors and eliminate disclosure that may be less valuable to investors.”
The proposals address continuous disclosure and governance obligations, as well as disclosure for prospectus offerings.
In particular, the proposed amendments would:
The CSA notice and the proposed amendments are available on CSA members’ websites. The comment period is open until August 20, 2014.
The CSA, the council of the securities regulators of Canada’s provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.
Richard GilhooleyBritish Columbia Securities Commission604-899-6713
Sylvain ThébergeAutorité des marchés financiers514-940-2176
Mark DickeyAlberta Securities Commission403-297-4481
Carolyn Shaw-RimmingtonOntario Securities Commission416-593-2361
Kevan HannahManitoba Securities Commission204-945-1513
Wendy Connors-BeckettFinancial and Consumer ServicesCommission New Brunswick506-643-7745
Tanya WiltshireNova Scotia Securities Commission902-424-8586
Janice CallbeckPEI Securities OfficeOffice of the Attorney General902-368-6288
Don BoylesFinancial Services Regulation Div.Newfoundland and Labrador709-729-4501
Rhonda HorteOffice of the Yukon Superintendent ofsecurities867-667-5466
Louis ArkiNunavut Securities Office867-975-6587
Gary MacDougallNorthwest TerritoriesSecurities Office867-920-3318
Daniela MachucaFinancial and Consumer AffairsAuthority of Saskatchewan306-798-4160
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