MONTREAL, Oct. 15, 2026 /CNW/ -- The Canadian Securities Administrators (CSA) today published in final form amendments to National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure (NI 52-112) and other materials (together, the Amendments). The Amendments follow a consultation launched in November 2025 and consider the comments received.
The Amendments primarily seek to ensure that measures that have historically been subject to the requirements of NI 52-112 remain subject to its requirements following the adoption of International Financial Reporting Standards (IFRS®) Accounting Standard IFRS 18 Presentation and Disclosure in Financial Statements (IFRS 18).
IFRS 18 will be effective for annual reporting periods beginning on or after January 1, 2027. It requires disclosure of management-defined performance measures in a single note to the financial statements. The Amendments allow these measures, which have historically been considered non-GAAP financial measures, to remain subject to the disclosure requirements in NI 52-112 when disclosed outside of the financial statements.
To avoid duplicative disclosure, the Amendments allow certain information to be incorporated by reference to the relevant notes to the financial statements, under certain circumstances.
The Amendments also introduce a requirement relating to prominence when an additional subtotal is disclosed outside the financial statements. This promotes connectivity with IFRS 18, which requires an additional subtotal presented on the face of a primary financial statement, such as the statement of profit or loss, to be displayed no more prominently than the totals and subtotals required by IFRS Accounting Standards.
Subject to all necessary approvals, the Amendments will come into force on December 29, 2026.
The CSA, the council of the securities regulators of Canada's provinces and territories, coordinates and harmonizes regulation for the Canadian capital markets.
The BC Securities Commission did not participate in this news release due to publication restrictions related to the upcoming B.C. provincial election.
For media inquiries, please contact:
Ilana Kelemen
Canadian Securities Administrators
[email protected]
Sylvain Théberge
Autorité des marchés financiers
[email protected]
For investor inquiries, please contact your local securities regulator.
SOURCE Canadian Securities Administrators
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