Amendments would remove certain annual filing requirements
Alleges firm issued misleading information concerning soil remediation contract
Settlement to be considered at a hearing next week
Offers guidance to issuers subject to rule on recurring issues
133 companies still have work to do
Tax changes to income trusts announced by the federal government increase the need for income trusts to provide investors with more standardized and transparent information about management practices affecting cash distributions, say Canada’s Chartered Accountants.The Canadian Institute of Chartered Accountants (CICA) today issued guidance for income trusts that recommends standardized reporting of distributable cash in […]
Number of continuous disclosure reviews up 19%
A recent continuous disclosure review by Canadian securities regulators suggests that the quality of accounting and disclosure practices of many income trusts continues to deteriorate, says Standard & Poor’s, in a new report. The new report from S&P follows the Canadian Securities Administrators’ recent report on the disclosure practices of income trust issuers. “The CSA’s […]
Distributable cash disclosure in Management’s Discussion and Analysis, in particular, needs improvement
No issue in SEC history has attracted this much attention, chairman says