Canadian Securities Administrators is backing off proposed changes to executive compensation disclosure requirements.

Regulators issued a notice today indicating that, “After extensive review and consideration of the comments received” on its executive compensation disclosure reform proposals, “we have decided to revise the proposal and delay implementation.”

The proposals were published for comment on March 29. The comment period expired on June 30. The regulators received 41 comment letters.

Regulators plan to publish an amended version of the proposed reforms for comment later this year. Therefore, its planned reforms will not be implemented on December 31, as originally indicated.