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OSC Appoves permanent "Exemption from Disclosure of a Specified Financial Measure" for federal financial institutions

www.osc.ca OSC adopts permanent exemptions for federal financial institutions

TORONTO – The OSC announced today the adoption of OSC Rule 52-503 Exemption from Disclosure of a Specified Financial Measure.

What does this mean? New levels of ass-covering for bank malfeasance, or just the regular sort of opacity?

Also see the original 'interim' declaration: https://www.osc.ca/en/securities-law/instruments-rules-policies/5/52-502/ontario-instrument-52-502-exemption-national-instrument-52-112-non-gaap-and-other-financial

and

https://www.osfi-bsif.gc.ca/Eng/osfi-bsif/rep-rap/blueprint-plan-directeur/Pages/supervision-surveillance-let.aspx

Thanks to re⊃⊃it user JackTheTranscoder for links.

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