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CSA Adopts "Notice-and-Access" Rules and other Amendments to Improve Issuer Communications with Investors

December-3-2012

Lawyer Jonathan Feldman
Area Corporate Finance and Securities, Mining and Natural Resources, Asia Practice, Shareholder Rights and Activism

Summary

The Canadian Securities Administrators (the “CSA”) recently adopted amendments to National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer, National Instrument 51-102 Continuous Disclosure Obligations, and related forms and companion policies, intended to improve communications between reporting issuers and their shareholders.  These amendments, which come into force on February 11, 2013, are an important first step taken by the CSA in an effort to reduce costs and increase overall efficiency in the Canadian proxy voting system.

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