CSA Notice 52-313 - Status of Proposed MI 52-111 Reporting on Internal Control over Financial Reporting and Proposed Amended and Restated MI 52-109 Certification of Disclosure in Issuers' Annual and Interim Findings

• Date: May 19, 2010
• Source: www.bcsc.bc.ca

The securities regulatory authorities in all Canadian jurisdictions are issuing this notice to update market participants on the status of our deliberations on proposed internal control reporting requirements.

After extensive review and consultation and in view of the delays and the debate underway in the US over the rules implementing section 404 of the Sarbanes-Oxley Act of 2002 (the Sox 404 Rules), we have determined not to proceed with proposed Multilateral Instrument 52-111 Reporting on Internal Control over Financial Reporting (Proposed MI 52-111).

 

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