Four years after the Canadian Securities Administrators introduced National Instrument 51-102-Continuous Disclosure Obligations requiring issuing corporations to fully disclose known and contingent environmental liabilities,provincial securities regulators admitted the continuing failure of industries to meet the requirements of this regulation.Based on this fact,which of the following would a securities law professor indicate to be the most accurate statement with respect to the Canadian Securities Administrators?

Question

Quizplus · Accepted Answer

The passage explicitly states that the Canadian Securities Administrators is "composed of 13 administrators from the provincial and territorial securities regulators." Therefore, option D is the correct choice. Option A may be partially correct, as the passage mentions that the CSA requires "adequate information to make informed decisions," but it does not indicate that the CSA strictly enforces this provision. Option B is incorrect as it does not reflect the primary function of the CSA as described in the passage. Option C is also incorrect as it is too narrow in scope and does not reflect the full range of responsibilities of the CSA as described in the passage.

Four Years After the Canadian Securities Administrators Introduced National Instrument