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The stock ticker posts results at the Scotiabank in Toronto's financial district on August 4, 2011.
The stock ticker posts results at the Scotiabank in Toronto's financial district on August 4, 2011.
(Michelle Siu/The Globe and Mail)

Regulators propose another fix to small company disclosures

Canada’s securities regulators are hoping the third time is the charm in their effort to streamline reporting rules for small companies.

The Canadian Securities Administrators, an umbrella group for provincial securities commissions, has published yet another proposed set of disclosure rules for venture companies – including those trading on the TSX Venture Exchange – revamping a proposal first published in July 2011 and then revised in September 2012. The initiative was withdrawn last summer after companies complained they were too overwhelmed by economic hard times to adapt to a lot of new rules, which was somewhat ironic given that the stated goal of the reform was to make reporting requirements easier for small companies.