Kristopher Hanc on Disclosure Requirements

ISS Updates 2025 Proxy Voting Guidelines

Institutional Shareholder Services (ISS) has released updates to its Canadian proxy voting guidelines for the 2025 proxy season. The ISS updates are effective for shareholder meetings occurring on or after February 1, 2025....more

1/15/2025 / Board of Directors , Canada , Corporate Governance , Disclosure Requirements , Diversity , Institutional Shareholder Services (ISS) , Investors , Proxy Voting , Publicly-Traded Companies , Shareholders

Canadian Securities Administrators Issue Notice on Use of Artificial Intelligence

On December 5, 2024, the Canadian Securities Administrators (CSA) published CSA Staff Notice and Consultation 11-348: Applicability of Canadian Securities Laws and the use of Artificial Intelligence Systems in Capital Markets...more

12/16/2024 / Artificial Intelligence , Canada , Canadian Securities Administration , Corporate Governance , Disclosure Requirements , Reporting Requirements , Securities Regulation

OSC Provides Guidance on “Necessary Course of Business” Exception to Prohibition Against Tipping

In a recent decision, Kraft (Re) (Kraft), the Ontario Capital Markets Tribunal (the Tribunal) articulated clear guidance with respect to the application of the necessary course of business (NCOB) exception to the prohibition...more

2/20/2024 / Board of Directors , Canada , Canadian Securities Administration , Capital Markets , Corporate Governance , Disclosure , Disclosure Requirements , Ontario Securities Act , Ontario Securities Commission (OSC)

The Final Countdown Is On for SEDAR+ Onboarding

Key Takeaways for All Market Participants In Canada - - All SEDAR users are required to complete their pre-launch onboarding submissions by April 14, 2023. - SEDAR+ goes live on June 13, 2023. - Filers that miss...more

4/3/2023 / British Columbia Securities Commission , Canada , Canadian Securities Administration , Capital Markets , Disclosure Requirements , Electronic Filing , Ontario Securities Commission (OSC)

New CSA Exemption Relating to Proxy Requirements For Uncontested Director Elections

Clarity for CBCA Incorporated Reporting Issuers On January 31, 2023, the Canadian Securities Administrators (CSA) published an exemption (the Exemption) for reporting issuers incorporated under the Canada Business...more

2/6/2023 / Board of Directors , Canada , Canadian Securities Administration , Disclosure Requirements , Proxy Season , Publicly-Traded Companies , Securities Regulation , Shareholders

Canadian Securities Regulators Adopt Exemptions from Certain Base Shelf Prospectus Requirements

On December 6, 2021, the Canadian Securities Administrators (CSA) announced temporary exemptions providing for the adoption of a "well-known seasoned issuer" (WKSI) program applicable to certain issuers filing base shelf...more

12/15/2021 / Canada , Canadian Securities Administration , Disclosure Requirements , Proposed Amendments , Securities

CSA Publishes New Guidance on Disclosure of Women on Boards and in Executive Officer Positions

The Canadian Securities Administrators (CSA) has published the seventh annual Review of Disclosure Regarding Women on Boards and in Executive Officer Positions. The participating jurisdictions from the previous...more

11/15/2021 / Board of Directors , Canada , Canadian Securities Administration , Corporate Governance , Disclosure Requirements , Diversity , Woman Board Members

Amendments to NI 51-102 Continuous Disclosure Obligations Related to Business Acquisition Reports

The Canadian Securities Administrators recently published amendments to National Instrument 51-102 Continuous Disclosure Requirements (NI 51-102) related to the Business Acquisition Report (BAR) requirements. The amendments...more

9/17/2020 / Acquisitions , Canada , Canadian Securities Administration , Disclosure Requirements , Proposed Amendments , Prospectus , Securities

Shareholder Activism in a Time of COVID-19 Uncertainty

With the dual threat of the global COVID-19 pandemic and the oil price war between Russia and Saudi Arabia, financial markets in Canada and around the world have suffered heavy losses. As uncertainty looms, a variety of...more

3/24/2020 / Coronavirus/COVID-19 , Corporate Governance , Disclosure Requirements , Popular , Shareholder Activism

CSA Staff Notice Provides Guidance on Climate Change-Related Risk Disclosure

On August 1, 2019, the Canadian Securities Administrators (CSA) issued CSA Staff Notice 51-358: Reporting of Climate Change-related Risks (the "Notice") that provides guidance on risk identification and disclosure by...more

8/15/2019 / Bright-Line Rule , Canada , Canadian Securities Administration , Climate Change , Corporate Governance , Disclosure Requirements , Financial Stability Board , Risk Management , Voluntary Disclosure

Changes Coming to Non-GAAP and Other Financial Measures Disclosures Regime

On September 6, 2018, the Canadian Securities Administrators (CSA) published a Notice and Request for Comment (the "Notice") regarding Proposed National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure (the...more

10/17/2018 / Canada , Canadian Securities Administration , Capital Markets , Disclosure Requirements , Financial Services Industry , Financial Statements , Investment Management , Investors , Non-GAAP Financial Measures , Notice and Comment

Kristopher Hanc

Bennett Jones LLP

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