Canadian Securities Regulators seek market feedback on XBRL
5 July 2006
The Canadian Securities Administrators (CSA) has launched a survey to gather views from the securities markets and public on XBRL, saying the CSA is committed to improving how information is collected and provided to investors.
The CSA is the council of the securities regulators of Canada’s provinces and territories. Its objectives are to improve, coordinate, and harmonize the regulation of Canadian capital markets.
The CSA has issued a notice to the market providing information about XBRL, with a link to an on-line survey asking about the market’s level of awareness of XBRL and what the CSA’s role should be in relation to XBRL.
“The CSA is committed to improving how information is collected and provided to investors,” said Jean St-Gelais, Chair of the CSA. “This includes finding ways to use technology that could make it easier and more efficient for investors to receive, find, compare and analyze financial information.
“There have been a number of significant developments with XBRL around the world, and we are interested in understanding the level of awareness of XBRL in the Canadian marketplace.”
To ensure that the survey reaches market participants, the CSA is e-mailing a copy of the Notice and survey to all public companies across Canada.
The full text of the CSA announcement is available at http://www.csa-acvm.ca/html_CSA/news/06_10_CSA_52-314.htm
The survey is available at https://data.grapevinesurveys.com/survey.asp?sid=20066274643546