Canadian securities regulatory terminology
docs(corporate): fix venture-issuer AIF exemption -- Professional Centres Canada LP is not required to file an Annual Information Form under NI 51-102; WCP itself is a private company and files nothing directly. Corrected governance-documents.md's false claim that the audit committee charter is filed as part of an AIF, and rewrote its 5 other described governance instruments (board mandate, compensation/nominating committees, governance policy, code of conduct) as planned-not-yet-adopted per operator correction, rather than presenting them as WCP's current documents. Fixed the same blanket AIF-requirement gap in about-annual-reporting-cycle, about-continuous-disclosure, canadian-securities-terminology, regulated-reporting-entity, and four-jurisdiction-framework (EN+ES throughout, operator-directed 2026-08-24)
@@ -11,7 +11,7 @@ short_description: "Definitions of the primary Canadian securities regulatory te status: active bcsc_class: public-disclosure-safe language_protocol: PROSE-TOPIC last_edited: 2026-07-11 last_edited: 2026-08-24 editor: woodfine-editorial paired_with: canadian-securities-terminology.es.md --- @@ -59,13 +59,16 @@ the same as for listed issuers, but exemptions may be available for certain issu **Venture issuer** — A reporting issuer listed on a venture exchange (TSX Venture Exchange or Canadian Securities Exchange) or that would qualify for listing. Venture issuers have access to certain modified or reduced disclosure requirements in NI 51-102, NI 52-110, and other instruments. and other instruments — most notably, a venture issuer is not required to file an Annual Information Form under NI 51-102, and has 120 rather than 90 calendar days to file annual financial statements and MD&A. ## Continuous disclosure documents **Annual information form (AIF)** — A comprehensive description of the issuer's business, operations, risk factors, capital structure, and governance, filed annually under NI 51-102 Part 6. Analogous to the United States Form 10-K. Part 6 by non-venture issuers. A venture issuer is not required to file one. Analogous to the United States Form 10-K. **Management's discussion and analysis (MD&A)** — Management's narrative analysis of the issuer's financial condition and results of operations. Filed annually and quarterly. Required