On September 5, the Canadian Securities Administrators (CSA) published a proposal to narrow the circumstances in which non-venture issuers must file a business acquisition report (BAR). Currently, non-venture reporting issuers must file a BAR after an acquisition if any of the three significance tests in National Instrument 51-102 Continuous Disclosure Obligations (NI 51-102) exceeds 20%. If the amendments are adopted, a BAR will be required only if at least two out of the three significance tests are met, and the significance threshold will be raised to 30%. The comment period closes on December 4.