CEO/CFO Certification Updates
ALERT--Proposed changes National Instrument 52-109
On April 28, 2008, the CSA released the details of its proposed new approach for additional provisions relating to ICFR. If adopted, these amendments will take effect December 15, 2008. A broad, quick summary of the proposed National Instrument 52-109 Certification of Disclosure in an Issuers’ Annual and Interim Filings (Proposed NI 52-109 or Proposed Instrument) is listed below:
- These proposed changes replace the current MI 52-109.
- There is no requirement for external auditor attestation.
- There are different requirements for Venture Issuers vs. Non-Venture Issuers.
Click here for further information on the current rules and the proposed changes.
