May 22, 2014 11:00 ET
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 22, 2014) - 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 Commission604-899-6713Mark DickeyAlberta Securities Commission403-297-4481Kevan HannahManitoba Securities Commission204-945-1513Tanya WiltshireNova Scotia Securities Commission902-424-8586Don BoylesFinancial Services Regulation Div.Newfoundland and Labrador709-729-4501Louis ArkiNunavut Securities Office867-975-6587Daniela MachucaFinancial and Consumer AffairsAuthority of Saskatchewan306-798-4160Sylvain ThebergeAutorite des marches financiers514-940-2176Carolyn Shaw-RimmingtonOntario Securities Commission416-593-2361Wendy Connors-BeckettFinancial and Consumer ServicesCommission New Brunswick506-643-7745Janice CallbeckPEI Securities OfficeOffice of the Attorney General902-368-6288Rhonda HorteOffice of the Yukon Superintendent of securities867-667-5466Gary MacDougallNorthwest TerritoriesSecurities Office867-920-3318
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