CSA provide update on IFRS and application to income trusts

Posted on November 9, 2010

The Canadian Securities Administrators today published an update to CSA Staff Notice 52-306 Non-GAAP Financial Measures and Additional GAAP Measures in light of the upcoming changeover to IFRS. Specifically, the notice has been amended to include, among other things, specific guidance to issuers regarding additional GAAP measures required by IFRS. The CSA also published IFRS-related amendments today to National Policy 41-201 Income Trusts and Other Indirect Offerings. NP 41-201 provides guidance on measures of cash available for distribution and is being updated to reflect changes to NP 52-306.

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