AMF provides issuers with guidance on modern slavery disclosure requirements
Montréal – The Autorité des marchés financiers (the “AMF”) today published the Notice relating to modern slavery disclosure requirements (pdf - 82 KB)This link will open in a new windowUpdated on September 4, 2018"Notice,modern slavery,disclosure requirements". The notice provides issuers with guidance on their modern slavery disclosure requirements so that they can determine what information they need to disclose and can improve or complete that information. Modern slavery, which can take a variety of forms, includes any work or service performed by a person involuntarily and under the threat of any penalty.
“Modern slavery affects tens of millions of people around the world, and Canadian issuers may be directly or indirectly exposed to this serious problem,” said Louis Morisset, AMF President and CEO. “The AMF recognizes that modern slavery, in all its forms, is a growing concern for some market participants. That is why we are insisting on the importance for issuers of disclosing the required information as part of their continuous disclosure obligations in order to, in particular, help investors make investment decisions and exercise their voting rights,” he added.
The notice provides an overview of recent key regulatory or government initiatives and highlights investors’ growing interest in the social responsibility of issuers. It also describes some of the requirements that may compel issuers to provide information on modern slavery in their continuous disclosure documents and presents the results of an issue-oriented review by AMF staff of the disclosure practices of certain issuers.
The Autorité des marchés financiers is the regulatory and oversight body for Québec’s financial sector.
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