Beginning in 2020, in response to the enduring challenges of the COVID-19 pandemic, many reporting issuers pivoted from in-person shareholder meetings to virtual shareholder meetings. Virtual meetings are either held entirely virtually or rely on a “hybrid” model allowing for both virtual and in-person participation.
In light of recent corporate law amendments ...
Summary of the Article
- The Canadian Securities Administrators (the “CSA”) have published a notice and request for comment on proposed National Instrument 51-107 – Disclosure of Climate-related Matters (the “Proposed Instrument”) and its companion policy, which would establish mandatory climate-related disclosure requirements for reporting issuers in ...
New Blanket Orders
The CSA have announced further temporary relief from certain regulatory filings:
- for non-investment fund issuers, a 45-day extension for periodic filings normally required to be made between June 2, 2020 and August 31, 2020; and
- for investment funds, a 60-day extension for periodic filings normally required to be made between June 2, 2020 and September ...
Further to our blog post of March 19, 2020, the Canadian Securities Administrators (the “CSA”) granted temporary, blanket relief to market participants on March 23, 2020 from certain periodic filing requirements due to the COVID-19 pandemic. The relief applies to issuers, investment funds, registrants, certain regulated entities, and designated rating ...
In light of the rapidly evolving developments relating to COVID-19, and recognizing that issuers have an urgent need to focus on critical business decisions, the Canadian Securities Administrators (the “CSA”) have announced that they will grant temporary, blanket relief from the filing of certain documents required to be filed on or before June 1, 2020.
Blanket ...
The Canadian Securities Administrators (CSA) have published a Staff Notice setting out the results of their fifth annual review of representation of women on boards and in executive positions. The annual review is based on disclosure required by certain reporting issuers under changes to National Instrument 58-101 - Disclosure of Corporate Governance Practices (NI ...
The Canadian Securities Administrators (the “CSA”) have released a CSA notice and request for comment on proposed National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure (the “Proposed Instrument”). The Proposed Instrument prescribes disclosure requirements for non-GAAP and other financial measures and, if adopted, will replace the ...
On August 15, 2018, the Canadian Securities Administrators (CSA) announced in CSA Notice 32-302 the pending revocation of:
- the Northwestern Exemption in all participating jurisdictions other than Alberta and Saskatchewan; and
- BC Instrument 32-517 Exemption from Dealer Registration Requirement for Trades in Securities of Mortgage Investment Entities (BCI 32-517).
As blockchain technology continues to develop, and its role in fundraising initiatives by technology companies increases, the Canadian Securities Administrators (the "CSA") have issued guidance on the application of securities laws to offerings of blockchain-based tokens ("Tokens"), including a subset of Tokens referred to as "utility tokens". In Staff Notice ...
The Canadian Securities Administrators (“CSA”) have released Staff Notice 58-309 (the “Staff Notice”) summarizing their third annual review of disclosure relating to gender diversity on boards and in executive officer positions. The review covers certain disclosure relating to gender diversity that is required for non-venture issuers under amendments to ...
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