CSA aims to reduce regulatory burden in public markets

The Canadian Securities Administrators (CSA) has outlined policy projects aimed at reducing the regulatory burden for public companies.

In Staff Notice 51-353, the regulator announced that it will pursue the following initiatives:

• removing or modifying the criteria for reporting issuers to file a business acquisition report;
• facilitating at-the-market offerings;
• revisiting the primary business requirements to provide more clarity to issuers preparing an IPO prospectus;
• considering a potential alternative prospectus model;
• reducing or streamlining certain continuous disclosure requirements; and
• enhancing electronic document distribution for investors.

“Following extensive feedback from stakeholders, we are moving forward with several projects that could meaningfully reduce regulatory burden for public companies in Canada’s capital markets,” said Louis Morisset, CSA chair and president, in a press release.

The projects were chosen after CSA sought public comments in 2017, and reflect feedback from a diversity of stakeholders, including reporting issuers, investor advocates and industry groups, the release said.

Read the full notice here.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.