The Ontario Securities Commission (OSC) announced today the adoption of OSC Rule 52-503, Exemption from Disclosure of a Specified Financial Measure (The Rule). This action is intended to make permanent a temporary exemption issued on December 2, 2021, which expired on June 2, 2023.
The Rule provides an exemption in Ontario from certain requirements in National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure, for a reporting issuer that is, or that has a subsidiary or an affiliate that is, a “federal financial institution” as defined by the Bank Act (Canada) and subject to the guidelines of the Office of the Superintendent of Financial Institutions.
OSC Rule 52-503, Exemption from Disclosure of a Specified Financial Measure, is available for download from the website of the Ontario Securities Commission.
For more information, please call Barbara Hendrickson at BAX Securities Law (647) 403-4606.
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