The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

The usually busy Centre Street was devoid of traffic Saturday as downtown Calgary dealt with the heaviest flooding in decades from the nearby Bow River. Lower left, a flooded Chinatown. Upper left Calgary’s tallest tower, the Bow, just behind the Telus building.
The usually busy Centre Street was devoid of traffic Saturday as downtown Calgary dealt with the heaviest flooding in decades from the nearby Bow River. Lower left, a flooded Chinatown. Upper left Calgary’s tallest tower, the Bow, just behind the Telus building.
(ANDY CLARK/REUTERS)

Flood-affected companies get regulatory reprieve

Calgary companies are getting a break – briefly – on making some of their required regulatory filings if they have faced problems due to recent flooding or downtown building closures.

The Alberta Securities Commission issued a notice Thursday – known in regulator-ese as ASC Notice 51-703: Flood related late interim and annual filings – telling companies the commission will delay taking regulatory action for five business days for companies with a head office in Alberta that are late with their regulatory filings.