NI 51-102: Continuous Disclosure Obligations
The omnibus continuous disclosure rule for reporting issuers: annual and interim financial statements, MD&A, AIF, material change reports, information circulars, business acquisition reports.
Why NI 51-102 matters
Filing deadlines (90 days annual for non-venture, 120 days venture; 45/60 days interim) are absolute. A delayed audit threatens the deadline directly.
Framework: Canadian Securities Administrators: National Instruments
National Instruments (NI) are securities rules issued by the Canadian Securities Administrators (CSA). For reporting issuers, NIs dictate which accounting and auditing standards apply, what must be filed and when, and who must certify the filings.
Primary source: Canadian Securities Administrators
Frequently asked
What is NI 51-102?
The omnibus continuous disclosure rule for reporting issuers: annual and interim financial statements, MD&A, AIF, material change reports, information circulars, business acquisition reports.
Why does NI 51-102 matter for an audit?
Filing deadlines (90 days annual for non-venture, 120 days venture; 45/60 days interim) are absolute. A delayed audit threatens the deadline directly.
Which framework does NI 51-102 belong to?
NI 51-102 falls under Canadian Securities Administrators: National Instruments. National Instruments (NI) are securities rules issued by the Canadian Securities Administrators (CSA). For reporting issuers, NIs dictate which accounting and auditing standards apply, what must be filed and when, and who must certify the filings.
Related standards — Canadian Securities Administrators: National Instruments
See how Auditus checks NI 51-102
Auditus.ai runs PCAOB, ISA, and CAS engagements end-to-end and cites the exact standard behind every finding — including NI 51-102.