New Developments in Venture Issuer Reporting

Venture issuers could benefit from significantly reduced continuous disclosure requirements, if new proposals published by the Canadian Securities Administrators (CSA) this May are implemented.

The latest proposals are part of a continued effort by the CSA to balance the needs and expectations of investors for venture issuers’ disclosures, while eliminating disclosure obligations that may be less valuable to those investors and to allow management to focus on their business. The proposals also tighten governance rules around audit committee membership. The most significant changes are summarized in this short publication.