An issuer distributing securities by way of an MTN program or other continuous distribution using the shelf procedures shall
(a) calculate updated earnings coverage ratios for the ratios contained in its base shelf prospectus each time the issuer prepares an interim financial report or audited annual financial statements, using the 12 month period that ended on the last day of the most recently completed financial period; and
(b) file the updated earnings coverage ratios, concurrently with the filing of its financial statements, either
(i) as an exhibit to the financial statements, or
(ii) as a shelf prospectus supplement corresponding to the base shelf prospectus.