The Ontario Securities Commission (OSC) will begin consultations in September 2009 in response to a resolution in the Ontario Legislature regarding, among other things, environmental disclosure. The April 2009 resolution directed the OSC to “undertake a review of Ontario’s current corporate disclosure reporting requirements, standards and compliance therewith, with a particular emphasis on additional financial and nonfinancial information to ensure that Ontario investors have access to all information material to them in making investor decisions.” More specifically, the resolution requires that the OSC seek to develop and adopt an enhanced standardized reporting framework for both quantitative and qualitative environmental information. The OSC must provide the Minister of Finance, by January 1, 2010, with its findings and recommendations for next steps to enhance disclosure.
Register Now As you are not an existing subscriber please register for your free daily legal newsfeed service.Register
If you have any questions about the service please contact firstname.lastname@example.org or call Lexology Customer Services on +44 20 7234 0606.
Securities Commission to review environmental disclosure requirements
- Torys LLP
- Dennis E. Mahony, David P. Chernos, Crawford G. Smith, Michael Fortier, Tyson Dyck and Jeff Gracer
- July 31 2009
If you are interested in submitting an article to Lexology, please contact Andrew Teague at email@example.com.
"Lexology is a quick and useful indicator of developments in the legal sphere. It alerts me to changes taking place in the legal environment in South Africa that I may not otherwise have spotted or had immediate access...
"Lexology is a quick and useful indicator of developments in the legal sphere. It alerts me to changes taking place in the legal environment in South Africa that I may not otherwise have spotted or had immediate access to as a company lawyer. It definitely serves as a trigger for me to investigate such changes in the legal landscape in South Africa as they may affect my work and that of my employer. I believe that receiving Lexology provides me with a competitive advantage."
Dr Jürgen Fegbeutel
Legal Services Director
BMW (South Africa) (Pty) Ltd