Smaller public companies in Canada may soon benefit from relaxed disclosure requirements. The Canadian Securities Administrators (CSA), the country's securities standard-setter, recently proposed several amendments that address continuous disclosures, prospectus disclosures, and certain governance obligations. In particular, the proposed amendments for the smaller companies, or "venture issuers" would: Allow the requirement for management discussion and analysis (MD&A) in interim financial periods to be satisfied by filing a streamlined "quarterly highlights" document. Applicable to venture issuers without significant revenue in the most recently completed financial year, the quarterly highlights would provide a short, focused discussion that gives a balanced and accurate picture of the venture issuer's operations and liquidity, including material accounting changes. Implement a new, tailored form of executive compensation disclosure, including new filing deadlines. The proposal
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