Montreal – The securities regulatory authorities in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Prince Edward Island, Québec, Saskatchewan and Yukon (the Participating Jurisdictions) today published CSA Multilateral Staff Notice 81-328 Report by the Auditor in the Form Contained Respectively in Appendix B-1, B-2 or B-3 of National Instrument 81-102 Investment Funds regarding the requirement prescribed by paragraphs 12.1(1)(b), 12.1(2)(b) and 12.1(3)(b) of National Instrument 81-102 Investment Funds (NI 81-102).
The notice highlights the fact that, because of amendments to Canadian generally accepted auditing standards (the GAAS) in the "General Assurance and Auditing" section of "Other Canadian Standards" of the CPA Canada Handbook - Assurance, a report by the auditor filed in the form contained respectively in Appendix B-1, B-2 or B-3 of NI 81-102 (each, the Form Contained in NI 81-102) will not comply with Canadian GAAS for a report by the auditor dated on or after June 30, 2017.
Thus, the Participating Jurisdictions are publishing the notice to announce that they expect a report by the auditor dated on or after June 30, 2017 to comply with Canadian GAAS instead of the Form Contained in NI 81-102.
Some Participating Jurisdictions will issue a blanket order by June 30, 2017 to address the amendments to Canadian GAAS with regard to the current requirements in securities legislation.
The notice can be found on CSA members' websites.
The CSA, the council of the securities regulators of Canada's provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.
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For more information:
|CSA member name||Point of contact||Phone number|
|Autorité des marchés financiers||Sylvain Théberge||514 940-2176|
|Alberta Securities Commission||Nicole Tuncay||403 297-4008|
|British Columbia Securities Commission||Alison Walker||604 899-6713|
|Bureau des valeurs mobilières du Nunavut||Jeff Mason||867 975-6591|
|Bureau du surintendant des valeurs mobilières du Yukon||Rhonda Horte||867 667-5466|
|Bureau du surintendant des valeurs mobilières, Territoires du Nord-Ouest||Tom Hall||867 767-9305|
|Commission des services financiers et des services aux consommateurs (Nouveau-Brunswick)||Andrew Nicholson||506 658-3021|
|Commission des valeurs mobilières du Manitoba||Jason (Jay) Booth||204 945-1660|
|Financial and Consumer Affairs Authority of Saskatchewan||Shannon McMillan||306 798-4160|
|Nova Scotia Securities Commission||David Harrison||902 424-8586|
|Office of the Superintendent of Securities, Île-du-Prince-Édouard||Janice Callbeck||902 368-6288|
|Office of the Superintendent of Securities, Terre-Neuve-et-Labrador||John O'Brien||709 729-4909|