Canadian securities regulators are giving the industry a little extra time to provide feedback on proposals designed to reduce the compliance burden on issuers.
The Canadian Securities Administrators (CSA said Thursday its is extending the comment period on its consultation paper.
The initial deadline for feedback was July 7. Now, in response to requests for more time, the CSA is pushing back the deadline to July 28.
The CSA published a consultation paper back in April that seeks input on possible reforms to the rules for issuers that could do away with certain regulatory requirements (both prospectus requirements and continuous disclosure requirements), such as moving from quarterly financial reporting to semi-annual reporting, further tailoring requirements for venture issuers, and streamlining certain prospectus requirements.
Read: CSA aiming to reduce regulatory burden on issuers
The initiative aims to make it easier for companies to raise capital without compromising investor protection.
The CSA is planning to go through similar exercises for investment fund issuers, and for dealers and other registrants.