Information About Timely Disclosure
Recent Posts
Below is a preview of the five most recent posts from the blog Timely Disclosure. To read these posts in their entirely or subscribe to future updates from this blog, please visit their website!
- Proxy Season Preview 2023
On January 11, 2023, Fasken, along with TMX Group Ltd. (“TMX Group”, which includes the Toronto Stock Exchange (“TSX”) and TSX Venture Exchange (“TSX-V”)) and Laurel Hill Advisory Group (“Laurel Hill”), hosted a conversation on disclosure and regulatory considerations for issuers leading into the 20 … Read more »
- What if No One Gets Elected?
Posted in Capital Markets, Contested Situations, Corporate Governance, Directors & Officers, Election of Directors, Proxy Voting, Securities, Shareholder Meeting Amendments to the Canada Business Corporations Act (CBCA) which went into effect on August 31, 2022 brought “majority voting” to the elect … Read more »
- LIFE Revisited
The “Listed Issuer Financing Exemption”, known as “LIFE”, will enter into effect on November 21, 2022[i]. As its name suggests, LIFE is a prospectus exemption for distributions of securities listed for trading on a recognized Canadian stock exchange. LIFE is intended to help smaller listed issuers r … Read more »
- CBCA Corporations Listed on TSX Can Repeal Their Majority Voting Policies
The Toronto Stock Exchange (TSX) Company Manual provides in section 461.3[1] that an issuer listed on TSX must adopt a majority voting policy “unless it otherwise satisfies the Majority Voting Requirement in a manner acceptable to TSX, for example, by applicable statute, articles, by-laws or other s … Read more »
- Toronto Stock Exchange Staff Notice on Normal Course Issuer Bids
In May 2022, the Toronto Stock Exchange (“TSX”) issued Staff Notice 2022-0001 (the “Staff Notice”)[1] on normal course issuer bids (“NCIBs”), “providing guidance on Sections 628 and 629 of the TSX Company Manual … for frequently asked questions in respect of normal course issuer bids”. Of the 35 FAQ … Read more »