Notice 2020-002 - Guidance Update -Listing Applications – Financial Statements and Disclosure

February 4, 2020

CNSX Markets Inc. (CSE or the Exchange) is publishing this guidance notice to clarify certain requirements related to financial statements to be provided with a listing application.

From the date of this notice, all unaudited financial statements included in a listing statement must have been reviewed in accordance with the relevant standards set out in the CPA Canada Handbook for a review of financial statements by the person’s or company’s auditor or a review of financial statements by a public accountant.

This aligns with the requirements in National Instrument 41-101 – General Prospectus Requirements (“NI41-101”) Part 4.3 and National Instrument 44-101 Short Form Prospectus Distributions (“NI44-101”) Part 4.3 for unaudited financial statements included in or incorporated into a long-form or short-form prospectus.

This replaces the guidance previously contained in Notice 2018-005 - Guidance -Listing Applications – Financial Statements and Disclosure.

Questions

For questions about content of this CSE Notice, please contact:

John Hughes, Manager Financial Disclosure & Compliance

[email protected], or 647-729-8326

For questions about CSE Listings Policies or procedures, please contact:

[email protected], or 416-367-7340.

Mark Faulkner, Vice President Listings & Regulation

[email protected]