10-KPeriod: FY2016

ENBRIDGE INC Annual Report, Year Ended Dec 31, 2016

Filed February 17, 2017For Securities:ENBENBMFEBBGFEBRGFEBRZFENBGFENBRFENFFFEBGEFENBFFENBHFENBNFENBOFENBSFEBBNFENNPF

Summary

Enbridge Inc.'s (ENB) 2016 Form 40-F report, filed on February 17, 2017, confirms the company's compliance with U.S. SEC reporting requirements for the fiscal year ended December 31, 2016. The filing indicates effective disclosure controls and procedures, with no material changes to internal controls over financial reporting. Enbridge operates with a strong governance framework, featuring an audit committee with designated financial experts and a comprehensive code of ethics applicable to all employees and officers. The company confirms it has no off-balance sheet arrangements and incorporates key financial and operational details, including contractual obligations, by reference to its Annual Information Form and Management's Discussion and Analysis exhibits.

Key Highlights

  • 1Enbridge Inc. filed its annual report on Form 40-F for the fiscal year ended December 31, 2016.
  • 2The company reported effective disclosure controls and procedures as of the end of the fiscal year.
  • 3No material changes to internal control over financial reporting were identified during the period.
  • 4Enbridge's Audit Committee comprises members who qualify as audit committee financial experts and meet NYSE independence standards.
  • 5The company has adopted a Code of Ethics ('Statement on Business Conduct') applicable to all employees and officers.
  • 6PricewaterhouseCoopers LLP has served as Enbridge's auditor since 1992.
  • 7Enbridge Inc. stated it has no off-balance sheet arrangements.

Frequently Asked Questions

This Form 40-F filing serves as Enbridge Inc.'s annual report to the U.S. Securities and Exchange Commission (SEC), consolidating key information for U.S. investors. It confirms the company's compliance with reporting standards, highlights the effectiveness of its internal controls and governance, and provides access to audited financial statements and management's analysis of the business performance for the fiscal year 2016.

According to the filing, Enbridge's management, including the CEO and CFO, evaluated the effectiveness of the company's disclosure controls and procedures and concluded they were effective. Furthermore, no changes were made during the reporting period that materially affected or are reasonably likely to materially affect Enbridge's internal control over financial reporting, suggesting a stable and effective internal control environment.

Enbridge's financial reporting oversight is managed by its Audit Committee, which includes members designated as audit committee financial experts who also meet New York Stock Exchange independence standards. The company's independent auditor for many years has been PricewaterhouseCoopers LLP (PwC), who audited the financial statements for the fiscal years ended December 31, 2015 and 2016.

No, Enbridge Inc. explicitly states in this filing that it has no off-balance sheet arrangements as defined by SEC regulations. This indicates that the company's financial obligations and commitments are likely fully reflected on its balance sheet.