Working capital calculations

This seminar will provide an overview of the working capital requirements for registrants under National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations. We will discuss common deficiencies we have noted during compliance reviews and from regulatory filings of working capital. There will also be discussion of best practices and the action the OSC may take if a registrant is capital deficient.

Who should attend:

Individuals responsible for the preparation and review of working capital calculations at registrants. This may include CCOs, CFOs or other accounting staff.

Benefits:

• Awareness of regulatory working capital requirements
• Observe and participate in the completion of a working capital calculation
• Hear from OSC staff on findings related to working capital calculations and best practices
• Understand the regulatory action the OSC may take in the case where a registrant is capital deficient and the options available to the registrant in these cases

Presentation slides:

Slides: Working Capital Calculations