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.
This publication is not intended to constitute legal advice. No one should act on it or refrain from acting on it without consulting with a lawyer. BAX does not warrant or guarantee the accuracy or currency or completeness of the publication. No part of this publication may be reproduced without the prior written permission of BAX Securities Law.