Investor Confidence
Investor confidence rules came into force in most Canadian jurisdictions on March 30, 2004. The rules will apply to almost all reporting issuers other than investment funds. The rules are as robust as the U.S. Sarbanes-Oxley Act, but address unique Canadian concerns. The rules relate to:
The certification of disclosures and audit committee rules have not been adopted by the BC Securities Commission.
The rules affect public companies in a number of ways and will impact a number of groups of people such as:
- Officers and Directors of Public Companies
- Audit Committees of Public Companies
- External Auditors of Public Companies
