CSA REPORTS ON ITS CONTINUOUS DISCLOSURE REVIEW PROGRAM
On November 3, 2022, the CSA published Staff Notice 51-364 Continuous Disclosure Review Program Activities for the fiscal years ended March 31, 2022 and March 31, 2021, which is a biennial review of its continuous disclosure review program. The report is concise and comprehensive, and focuses on the outcome of their reviews, noting that there has been a 10% increase (to 61%) of firms required to take action to improve their disclosure; and in some cases, matters were material enough to warrant referral to enforcement. Most noteworthy for IIAC members is the detailed listing of common deficiencies and examples of how to improve disclosures.