On June 29, the CLHIA responded to a consultation issued by the Canadian Securities Administrators (CSA) on the proposed National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosures that lays out guidance for reporting issuers to follow when disclosing non-GAAP and other financial measures in published documents. While we support the overall goal of the proposed instrument to provide high quality financial information to the users of published financial reports, the CLHIA provided some specific recommendations to enhance the clarity of the final standard and lower the compliance burden on our members that will be impacted by the proposed instrument.