CSA Multilateral Staff Notice 51-347 Disclosure of Cyber Security Risks and Incidents

23 02 2017

The Canadian Securities Administrators (“CSA”) issued Multilateral Staff Notice 51 347 – Disclosure of Cyber Security Risks and Incidents which outlines the findings of a review done by the staff of the British Columbia Securities Commission, Ontario Securities Commission and Autorité des marchés financiers of 240 members of the S&P/TSX Composite Index and provides staff guidance to issuers on incident reporting.

The can read the complete notice HERE.

You can find further discussion in the following summaries which may also be of assistance in understanding disclosure of cyber security risks:

Cyber Risk Management — Regulatory Guidance for Reporting Issuers’ Continuous Disclosure of Cyber Security Risks and Incidents – Borden Ladner Gervais LLP

CSA Issues Guidance on Disclosure of Cyber Security Risks and Breach Incidents – Clark Wilson LLP

Canadian securities regulators issue guidance for Canadian issuers on the disclosure of cyber security risks and incidents – Osler, Hoskin & Harcourt LLP

CSA Provides Guidance on Disclosure of Cyber Security Risks – Goodmans LLP

 


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