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This Transcript has not been proof read or corrected. It is a working tool for the Tribunal for use in preparing its judgment. It will be placed on the Tribunal Website for readers to see how matters
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Not to be relied is a disclaimer or statement that certain information cannot be considered trustworthy or dependable for decision-making purposes.
Typically, entities or individuals who provide estimates, projections, or forward-looking statements may be required to file not to be relied disclosures to clarify that such information should not be taken as absolute fact.
To fill out a not to be relied statement, one should clearly state the nature of the information, provide context for its uncertainty, and specify that it should not be used as a basis for decisions.
The purpose of a not to be relied statement is to protect the provider from liability by indicating that certain information may be subject to change and should not be used as a guaranteed forecast or assurance.
Information that must be reported on a not to be relied statement typically includes the nature of the information, any uncertainties involved, the conditions under which it may change, and a disclaimer indicating the limitations of its reliability.
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