COVID-19: Canadian Securities Regulators And TSX Extend Deadlines, TSX Increases NCIB Purchase Limits

To assist reporting issuers impacted by the COVID-19 pandemic, the Canadian Securities Administrators (CSA) and the Toronto Stock Exchange (TSX) have published blanket relief which both extends deadlines for certain continuous disclosure filings and the holding of annual shareholder meetings (AGMs), and increases purchase limits under normal course issuer bids (NCIBs).

What you need to know

• Issuers have been granted a 45-day extension to the deadlines for filing financial statements, management’s discussion and analysis (MD&A), annual information forms (AIFs), technical reports and business acquisition reports (BARs) that would normally be required to be filed on or before June 1, 2020.