The Alberta Securities Commission (ASC) has shared its Finance Disclosure Report for 2023. The report encompasses observations of the disclosure provided by reporting issuers (RIs) over the past year. It includes guidance around MD&A disclosures, material contracts, corporate structure changes, and disaggregation of revenue. This information is intended to help RIs deliver the highest quality disclosure and financial reporting that allows investors to make informed investment decisions.
The 2023 Corporate Finance Disclosure Report also includes information about:
- Observations related to certification requirements of continuous disclosure documents for new and existing issuers.
- Continuous disclosure issues related to the appropriate values for financial assets and the required disclosures that allow readers to understand how these values were determined.
- Information on the ASC whistleblower program, including how to submit tips.
- Guidance for applications for discretionary exemptive relief from Alberta securities laws.
- Updates on recent regulatory developments, including proposed climate-related and broader diversity disclosures and the listed issuer financing exemption.
To view the ASC’s 2023 Corporate Finance Disclosure Report, click HERE.
