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Reminder of April 1, 2018 Deadline for Compliance With TSX Website Disclosure Requirements

February-12-2018

Lawyer Emily Ting
Area Corporate Finance and Securities

Summary

The deadline for complying with the new requirements of the Toronto Stock Exchange (TSX) Company Manual requiring listed issuers to post certain key governance documents on their websites is April 1, 2018.

Background

The website disclosure requirements require listed issuers (other than “non-corporate issuers”, “eligible inter-listed issuers” and “eligible international inter-listed issuers”, as such terms are defined in the TSX Company Manual) to post the following documents on their websites by no later than April 1, 2018:

  • articles of incorporation, amalgamation, continuation or any other constating or establishing documents of the issuer and its bylaws; and
  • if adopted, copies of any:
    • majority voting policy;
    • advance notice policy;
    • position descriptions for the chairman of the board and the lead director;
    • board mandate; and
    • board committee charters.

The above documents should be on a web page that is easily identifiable and accessible from the listed issuer’s home page or investor relations page.  Issuers that are not yet in compliance with the new requirements should take steps to ensure they will be in compliance by no later than April 1, 2018.

Please contact any member of our Corporate Securities Group to discuss the new requirements.

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