{"id":4319,"date":"2026-03-19T23:28:47","date_gmt":"2026-03-19T23:28:47","guid":{"rendered":"https:\/\/www.worldpumpnews.com\/?p=4319"},"modified":"2026-03-19T23:28:47","modified_gmt":"2026-03-19T23:28:47","slug":"companies-will-be-allowed-to-report-finances-semi-annually-in-pilot-project-national","status":"publish","type":"post","link":"https:\/\/www.worldpumpnews.com\/?p=4319","title":{"rendered":"Companies will be allowed to report finances semi-annually in pilot project &#8211; National"},"content":{"rendered":"<p><\/p>\n<div id=\"\">\n<p>Canadian securities regulators on Thursday announced a pilot project to allow smaller issuers to voluntarily adopt a semi-annual financial reporting framework, in a bid to ease the regulatory burden for public companies.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/d21y75miwcfqoq.cloudfront.net\/70c8fc80\" alt=\"\" style=\"position:absolute;width:1px;height:1px\" referrerpolicy=\"no-referrer-when-downgrade\"\/><\/p>\n<p>The move by the Canadian Securities Administrators mirrors a similar push in the United States, where regulators are working on fast-tracking U.S. President Donald Trump\u2019s call to nix quarterly corporate disclosure requirements. The CSA is an umbrella organization for Canada\u2019s provincial and territorial securities regulators.<\/p>\n<p>Under the pilot project, eligible so-called venture issuers listed on the TSX Venture Exchange or the CNSX Markets will be exempted from the requirement to file first- and third-quarter financial reports. Issuers must have revenue of less than $10 million and at least a 12-month continuous disclosure record to be eligible to report on a semi-annual basis, CSA said on Thursday.<\/p>\n<div class=\"c-inlineSignup\" data-newsletter-inline=\"\">\n<div class=\"c-inlineSignup__image\">\n\t\t\t\t\t<img decoding=\"async\" width=\"170\" height=\"225\" loading=\"lazy\" src=\"https:\/\/globalnews.ca\/wp-content\/themes\/shaw-globalnews\/images\/skyline\/money123.jpg\" alt=\"Get expert insights, Q&amp;A on markets, housing, inflation, and personal finance information delivered to you every Saturday.\"\/>\n\t\t\t\t<\/div>\n<div class=\"c-inlineSignup__content\">\n<h2 class=\"c-inlineSignup__title\">Get weekly money news<\/h2>\n<p>Get expert insights, Q&amp;A on markets, housing, inflation, and personal finance information delivered to you every Saturday.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<p>The move comes as Canada is working to reinvigorate its dormant IPO market and reverse years-long shrinkage of publicly traded companies, following a jump in delistings and buyouts that resulted in companies being taken private.<\/p>\n<div class=\"c-ad c-ad--bigbox l-article__ad\">\n<p>Story continues below advertisement<\/p>\n<\/p><\/div>\n<p>The semi-annual financial reporting pilot \u201cis a good example of our focus at the CSA on reducing regulatory burden for issuers without compromising investor protections,\u201d said CSA chair Stan Magidson in an interview. Magidson also serves as the chair and CEO of the Alberta Securities Commission.<\/p>\n<p>TMX Group, Canada\u2019s top exchange, is pushing for the newly proposed rules to also include larger publicly listed companies, CEO John McKenzie told Reuters last week.<\/p>\n<p>Companies in many parts of Europe and Asia, as well as Australia, have been reporting earnings every six months for several years.<\/p>\n<div class=\"c-tabs\">\n<p>\n\t\t\t<button role=\"tab\" class=\"c-tabs__tab c-tabs__tab--active\" type=\"button\">More on Money<\/button><br \/>\n\t\t\t<button role=\"tab\" class=\"c-tabs__tab\" type=\"button\">More videos<\/button>\n\t\t<\/p>\n<\/p><\/div>\n<p>The CSA plans to use learnings from the pilot and work on a broader rule-making project related to voluntary semi-annual financial reporting for eligible companies.<\/p>\n<p>\u201cThere\u2019s already been expressions of interest for us to cast the net more broadly to include all TSX and CSE venture issuers, or even more broadly, all issuers on a voluntary basis,\u201d said Magidson.<\/p>\n<p>\u201cDepending on how things unfold in America, we\u2019re going to be flexible and agile to be in a position to respond accordingly. The more people that embrace this, test it, and if it\u2019s accepted, the better it is for prospects of expansion.\u201d<\/p>\n<p>While quarterly reporting provides timely information to investors and market participants, some stakeholders argue the cost of preparing such disclosures creates a burden for smaller companies.<\/p>\n<div class=\"c-ad c-ad--bigbox l-article__ad\">\n<p>Story continues below advertisement<\/p>\n<\/p><\/div>\n<p><em>(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shailesh Kuber and Bill Berkrot)<\/em><\/p>\n<\/p><\/div>\n<p>#Companies #allowed #report #finances #semiannually #pilot #project #National<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canadian securities regulators on Thursday announced a pilot project to allow smaller issuers to voluntarily adopt a semi-annual financial reporting framework, in a bid to ease the regulatory burden for public companies. The move by the Canadian Securities Administrators mirrors a similar push in the United States, where regulators are working on fast-tracking U.S. President [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4320,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[2867,60,4397,3515,4398,4396,17,50,4256,149,287,36,4399],"class_list":{"0":"post-4319","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-politics","8":"tag-allowed","9":"tag-canada","10":"tag-canadian-securities-administrators","11":"tag-companies","12":"tag-finances","13":"tag-financial-reporting","14":"tag-money","15":"tag-national","16":"tag-pilot","17":"tag-project","18":"tag-regulations","19":"tag-report","20":"tag-semiannually"},"_links":{"self":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/posts\/4319","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4319"}],"version-history":[{"count":0,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/posts\/4319\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/media\/4320"}],"wp:attachment":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}