Continuous disclosure reviews.

In July, the Canadian Securities Administrators (CSA) announced that there would be a harmonization of continuous disclosure reviews. This affects reporting issuers in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec and Nova Scotia. The program will complement the guidance in National Instrument 51-102, Continuous Disclosure Obligations, by enhancing the consistency in the scope and level of reviews carried out across Canada.

Next Steps in National Harmonization of Securities Rules--Continuous Disclosure Reviews was released by KPMG in August. It offers details of what companies can expect from these reviews, and provides some reminders on continuous disclosure items that may be a focus for regulators.

For the full article visit www.kpmg.ca/unitymail/accountability/en/issues/elert2004-005.html.