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Les ACVM fournissent des indications concernant l’information sur l’IA par les sociétés ouvertes

Les Autorités canadiennes en valeurs mobilières (les « ACVM ») ont publié l’Avis 11-348 du personnel des ACVM et de consultation – Applicabilité du droit canadien des valeurs mobilières à l’utilisation des systèmes...more

CSA Provides Guidance on AI Disclosures by Public Companies

The Canadian Securities Administrators (CSA) has released CSA Staff Notice and Consultation 11-348 – Applicability of Canadian Securities Laws and the Use of Artificial Intelligence Systems in Capital Markets (Notice),...more

Les affaires sont les affaires, mais certaines activités comptent plus que d’autres lors d’une acquisition

Bonne nouvelle, les Autorités canadiennes en valeurs mobilières (« ACVM ») ont modifié et harmonisé leur approche en ce qui a trait à l’interprétation des obligations aux termes desquelles un émetteur est tenu d’inclure...more

Business Is Business, But Some Acquired Businesses Are More Primary Than Others

In a welcome development, the Canadian Securities Administrators (CSA) has harmonized and updated its approach to interpreting the financial statement requirements in respect of an issuer’s “primary business” (Primary...more

Earnings Calls in the Age of COVID-19: Proceed with Caution

Canadian public issuers are grappling with the COVID-19 pandemic and its implications for earnings calls and disclosure. This bulletin highlights certain considerations for earnings calls that prudent management teams of...more

Anatomy of a COVID-19 Risk Factor

The current pandemic is having an impact on public companies’ current and future financial results, operations and cash flows, as well as the price or value of their securities in the capital markets, leaving many companies...more

CSA Warn Against Certain Problematic Promotional Activities

On November 29, 2018, the Canadian Securities Administrators (CSA) released CSA Staff Notice 51-356 Problematic promotional activities by issuers (Staff Notice), which cautions companies to avoid disclosure and promotional...more

CSA Proposes Non-GAAP Financial Measures Rule

The Canadian Securities Administrators (CSA) recently issued a request for comment on proposed National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure (Proposed Instrument), which would provide binding...more

Check the Cooperative System’s Regulation of Prospectus Offerings and Continuous Disclosure: Like It So Far?

The revised consultation draft of the uniform provincial and territorial Capital Markets Act (CMA) and draft initial regulations under the CMA (Initial Regulations and, together with the CMA, the Consultation Drafts) have...more

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