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ARTICLE · 29 MAY 2020

Additional Pandemic-related Relief From Continuous Disclosure And Corporate Law Requirements

Governments and regulators continue to provide relief to corporations from continuous disclosure and shareholder meeting requirements. On May 20, the Canadian securities regulators provided new...

CanadaCorporate/Commercial Law

Governments and regulators continue to provide relief to corporations from continuous disclosure and shareholder meeting requirements. On May 20, the Canadian securities regulators provided new blanket relief from continuous disclosure filing requirements. On May 19, the federal minister of justice proposed temporary amendments to, among other things, extend the time limit by which federal corporations must hold their annual shareholder meetings.

Relief from continuous disclosure requirements

The Canadian securities regulators have provided new temporary relief from certain filing and delivery obligations. The new relief is substantially the same as the relief issued on March 23, but applies to filings normally due between June 2 and August 31, 2020, whereas the March 23 blanket orders apply to filings due prior to June 1, 2020. In other words, for a corporation with a December 31 year-end, the March 23 blanket orders apply largely to year-end and Q1 filings,

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