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The national registration search contains the names of all individuals and firms who are registered to sell securities in Canada, with the exception of those registered solely with the Ontario Securities Commision (OSC).

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Jul 19

Canadian securities regulators highlight common deficiencies in issuers’ continuous disclosure

Toronto - The Canadian Securities Administrators (CSA) today published Staff Notice 51-355 Continuous Disclosure Review Program Activities for the fiscal years ended March 31, 2018 and March 31, 2017, a biennial report that summarizes CSA staff’s ongoing review of reporting issuers’ (issuers) continuous disclosure and highlights common deficiencies and best practices. “Among other issues, we continue to see deficiencies in issuers’ use of non-GAAP financial measures, and this remains an area of focus for the CSA,” said Louis Morisset, Chair of the CSA and Chair and CEO of the Autorité des marchés financiers. “We strongly encourage issuers to use this report as a guide to make improvements, as disclosure requirements are at the core of our investor protection regime.” Other areas where issuers can improve disclosures include, but are not limited to: fair value measurements and disclosures; forward looking information; discussions of issuers’ results of operations and significant projects in development; climate change disclosures; and mineral project disclosure. In fiscal 2018, 51 per cent (2017 – 43 per cent) of review outcomes required issuers to take action to improve and/or amend their disclosure, or resulted in the issuer being referred to enforcement, cease traded or placed on the default list. The CSA’s continuous disclosure review program assesses the compliance of issuers’ continuous disclosure documents with securities law. The program also aims to help issuers improve the completeness, quality and timeliness of their disclosure. CSA Staff Notice 51-355 is available on CSA members’ websites. The CSA, the council of the securities regulators of Canada’s provinces and territories, coordinates and harmonizes regulation for the Canadian capital markets. - 30 - For more information: ​ Read more

Calendar of events 

Connecting with Alberta seniors about investment fraud – June recap

Financial abuse is one of the most common forms of elder abuse in Canada, and many organizations dedicate the month of June to help inform seniors, caregivers and families about how to protect themselves from various forms of abuse. Find out how the ASC connected with seniors during June.

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Investing 101 Course

If you are an investor or are thinking about investing, this plain-language, non-promotional course provides you with an overview of investing. Gain basic knowledge to make a well-informed decision when you are presented with an investment opportunity.

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Family, Friends and​​ Business Associates (FFBA) Review

We are conducting a review of the FFBA prospectus exemption. The intent of this review is to help the ASC better understand the use of the exemption. We have selected a random sample of investors who will receive our questionnaire shortly.

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