Saskatchewan Regulations 84/2025, titled The Franchise Disclosure Amendment Regulations, 2025, were established through Order in Council 433/2025 to amend the existing Franchise Disclosure Regulations, Sask. Reg. 29/2025, under The Franchise Disclosure Act. These amendments update definitions, clarify financial reporting obligations, and establish the effective date of the regulations.

The regulations introduce a revised Section 2, which provides detailed definitions and interpretation guidance. Among these, the term “Act” is defined as The Franchise Disclosure Act, while “affiliate” is clarified to mean an affiliated body corporate as per The Business Corporations Act, 2021. An “earnings projection” is broadly defined to include any information provided by or on behalf of the franchisor, directly or indirectly, from which potential sales, revenue, income, costs, or profits for a franchise or similar business can be determined. The regulations also define “foreign jurisdiction” to mean a state in the United States if the franchisee is located there, or any other country in other circumstances. The term “officer” is expanded to cover a range of executive roles in corporations, including chief executive officer, president, vice-president, secretary, controller, treasurer, or any individual performing similar functions, as well as officers in other types of entities designated by bylaw, resolution, or other methods. For regulatory purposes, a franchise or business is considered of the same type as the franchise being offered if it operates under the same trademark, trade name, logo, advertising, or commercial symbol.

The regulations also amend Section 7 of the original Franchise Disclosure Regulations to update the terminology and requirements regarding financial statements. Subsection 7(1) replaces the term “franchise” with “franchisor” to better reflect the party responsible for the disclosure. Subsection 7(2) is entirely replaced, requiring that the financial statements of the franchisor must either be audited or reviewed according to generally accepted standards. Specifically, audited financial statements must comply with the Canadian CPA Handbooks, International Auditing and Assurance Standards Board standards, or the standards of the Auditing Standards Board of the American Institute of Certified Public Accountants or the U.S. Public Company Accounting Oversight Board. Similarly, reviewed financial statements must conform to review engagement standards in the CPA Canada Handbooks, the International Auditing and Assurance Standards Board, or the U.S. Financial Standards Board.

Finally, the regulations specify their coming-into-force provisions. They are generally effective on the same day that section 1 of The Franchise Disclosure Act becomes effective. If the regulations are filed with the Registrar of Regulations after the Act’s commencement, they instead take effect on the filing date. This ensures alignment with the broader legislative framework and provides clarity on when the new rules apply. The 2025 amendments to the Franchise Disclosure Regulations collectively strengthen regulatory oversight, improve clarity in definitions and financial reporting requirements, and maintain alignment with both national and international auditing standards, reinforcing transparency and accountability within the franchise sector in Saskatchewan.

Saskatchewan (435/2025) October 21, 2025
Disclaimer: Insights are for informational purposes only and do not reflect RRI’s official position or constitute legal opinion.