OSC | Dealers, Advisers and Investment Fund Managers - Information on IFRS

Dealers, Advisers and Investment Fund Managers

Information on IFRS

In 2011, IFRS will replace Canadian generally accepted accounting principles (GAAP). The Canadian Securities Administrators (CSA) has proposed requiring all registered firms that are not members of an SRO to deliver IFRS financial statements to the securities regulatory authorities in 2011.

The MFDA and IIROC will each provide guidance to their members on the use of IFRS. All registered firms should review and assess how the conversion to IFRS will affect their firm and have adequate resources to ensure a smooth transition to IFRS.

Background Information

• IFRS Reminder to Registrants
• Transition to IFRS

Relevant Rules

• National Instrument 31-103 Registration Requirements and Exemptions
• National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards

Relevant Staff Notices Related to IFRS

• CSA Staff Notice 33-313 International Financial Reporting Standards and Registrants
• CSA Staff Notice 33-314 International Financial Reporting Standards and Registrants

• Who Needs to Register
• Getting Registered
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• Information on IFRS