Business NewsMarketWire • CNSX: Notice 2013-002-CNSX-Issuer Guidance-Disclosure Obligations

CNSX: Notice 2013-002-CNSX-Issuer Guidance-Disclosure Obligations

CNSX: Notice 2013-002-CNSX-Issuer Guidance-Disclosure Obligations

TORONTO, ONTARIO--(Marketwired - May 10, 2013) - On March 20, 2012, the OSC published the results of the Emerging Markets Issuer Review ("EMIR Report") in Staff Notice 51-719. OSC Staff conducted in-depth reviews of the disclosure records of selected issuers and examined the role of each selected issuer's board and audit committee. According to OSC Staff, material disclosure deficiencies were identified in more than 60% of the issuers. These disclosure deficiencies were addressed through restatements and refilings or enhancements to existing disclosure material.

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