The Alberta Securities Commission (ASC) has shared their Finance Disclosure Report for 2022. The report encompasses observations of the disclosure provided by reporting issuers (RIs) over the past year and includes guidance around related party transactions, forward-looking information, change of auditors, and impairment reversals, as well as information for issuers in emerging sectors that may be planning to go public. This information is intended to help RIs deliver the highest quality disclosure and financial reporting that allows investors to make informed investment decisions.
The 2022 Corporate Finance Disclosure Report also includes information about:
- Continuous disclosure issues related to corporate governance and when to file material change reports.
- Observations related to long form prospectus filings by issuers looking to go public with an initial public offering or an initial stock exchange listing.
- New regulatory initiatives including exemptions to assist issuers with financing while still protecting investors.
- The upcoming implementation of SEDAR+ to replace the existing electronic filing and data access system.
To view the ASC’s 2022 Corporate Finance Disclosure Report, click here.
