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CSA Announce Results of Continuous Disclosure Review for Fiscal 2015


Area Corporate Finance and Securities


The Canadian Securities Administrators (CSA) recently published the results of their annual Continuous Disclosure Review Program for the fiscal year ended March 31, 2015. The CSA completed 778 issue-oriented reviews and 280 full reviews, as a result of which 59% required action by the reporting issuer to improve its disclosure or resulted in the issuer being referred to enforcement, cease traded or placed on the defaulting issuers list, down from 60% in 2014.

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