The Canadian Securities Administrators finalized amendments to National Instrument 52-112 following its November 2025 consultation, ensuring that management-defined performance measures historically treated as non-GAAP financial measures remain subject to Canadian disclosure requirements when presented outside financial statements after IFRS 18 takes effect. Subject to necessary approvals, the amendments will come into force on December 29, 2026, shortly before IFRS 18 applies for annual reporting periods beginning on or after January 1, 2027. IFRS 18 requires management-defined performance measures to be disclosed in a single note to the financial statements. The amendments permit certain required information to be incorporated by reference to those notes to avoid duplication and introduce a prominence requirement for additional subtotals disclosed outside the financial statements, aligning their treatment with IFRS 18 presentation principles.
Canadian Securities Administrators finalize non-GAAP disclosure amendments to preserve coverage under IFRS 18
The Canadian Securities Administrators finalized amendments preserving National Instrument 52-112 requirements for management-defined performance measures disclosed outside financial statements under IFRS 18. The changes allow certain information to be incorporated by reference and add a prominence requirement for additional subtotals. Subject to approvals, they will take effect on December 29, 2026.