CPA Canada responds to CSA consultation on reducing regulatory burden

CPA Canada has responded to the Canadian Securities Administrators’ (CSA) consultation on reducing regulatory burden for public companies. Learn about the key areas we believe require closer examination.

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CPA Canada responded to CSA Consultation Paper 51-404 Considerations for Reducing Regulatory Burden for Non-Investment Fund Reporting Issuers.

We believe this is an opportune time to rethink corporate reporting with an aim to focus, modernize and streamline it. We encourage the CSA to:

  • re-evaluate existing reporting requirements beyond a reducing regulatory burden focus
  • improve the quality of corporate reporting through education, issuing clarifying guidance and other initiatives
  • explore how regulatory requirements should be adapted in response to technological advancements
  • explore reduced/streamlined reporting requirements for smaller reporting issuers
  • improve the quality of quarterly reporting as opposed to decreasing the frequency of it

Download a copy of CPA Canada's full response.

For more information, please contact Rosemary McGuire, director, Research, Guidance & Support.