Notice of Ministerial Approval of OSC Rule 52-503 Exemption from Disclosure of a Specified Financial Measure

NOTICE OF MINISTERIAL APPROVAL OF 
OSC RULE 52-503 EXEMPTION FROM DISCLOSURE 
OF A SPECIFIED FINANCIAL MEASURE

The Ontario Minister of Finance recently approved OSC Rule 52-503 Exemption from Disclosure of a Specified Financial Measure (the Rule) as a rule under the Securities Act (Ontario). The Rule provides an exemption in Ontario from National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure for a reporting issuer that is, or that has a subsidiary or an affiliate that is, a “federal financial institution” as defined in the Bank Act (Canada) and subject to OSFI Guidelines.

The Rule was published in Chapter B.1 of the Bulletin on July 20, 2023. The same material is being published today in Chapter B.5 of this Bulletin. The Rule becomes effective on October 3, 2023.