CSA Staff Notice: Continuous Disclosure Considerations Related to Current Economic Conditions
CSA Staff Notice: Continuous Disclosure Considerations Related to Current Economic Conditions
The Canadian Securities Administrators (CSA) recently published Staff Notice 51-328 Continuous Disclosure Considerations Related to Current Economic Conditions. The notice outlines several specific topics that the CSA considers to be critical in the present economic circumstances. The notice will assist issuers in ensuring their disclosure clearly reflects the impact uncertain market conditions will have on their operations, financial conditions and prospects.
This notice addresses the following specific topics:
- liquidity and capital resources
- distributed cash
- critical accounting estimates
- forward-looking information
- going concern
- impairment of goodwill, intangible assets and long-lived assets
- financial instruments
- capital disclosures
- defined benefit pension plans
- non-GAAP financial measures
- additional considerations for junior resource companies
A PDF version of the Staff Notice is available here. Collins Barrow professionals in our various offices are available to assist you with any questions you may have on the Staff Notice.