The purpose of this Q&A is to promote common supervisory approaches and practices in the implementation of these guidelines.
The new questions provide information on:
the definition of APMs;
the scope of the APM guidelines;
application of the scope exemption
definition of the APM ‘organic growth’;
how to carry out reconciliation; and
how to apply the fair review principle.
An alternative performance measure is a financial measure of historical or future financial performance, financial position, or cash flows, other than a financial measure defined or specified in the applicable financial reporting framework. The guidelines apply to alternative performance measures disclosed by issuers or persons responsible for drawing up a prospectus.
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