TSX Adds New Website Disclosure Requirements

In October 2017, the TSX published updates under section 473 of the TSX Company Manual placing additional disclosure obligation requirements on non-exempted TSX-listed issuers. These updates became effective on April 1, 2018. The TSX’s updates mandate that each TSX-listed issuer (other than Non-Corporate Issuers, Eligible Interlisted Issuers and Eligible International Interlisted Issuers (as such terms are defined in the TSX Company Manual)) will be required to maintain a publicly accessible website. These issuers are also required to post constating documents (i.e. articles of incorporation or amalgamation and by-laws) as well as the following documents, if adopted: any majority voting policy; any advance notice policy; descriptions for the positions of chairman of the board and lead director (the previously proposed requirement to post job descriptions of key officers has been removed); any board mandate; and any board committee charters. The webpages where documents…

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