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ARTICLE · 04 DECEMBER 2024

Canada Post Strike: CSA Providing Temporary Relief From Proxy Material Delivery Requirements

Burnet, Duckworth & Palmer LLP
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In response to the Canada Post strike, which began on November 15, 2024, the Canadian Securities Administrators (CSA) announced that it will grant temporary relief to issuers from proxy material...

CanadaCorporate/Commercial Law
Mardi McNaughton
Mardi McNaughton
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In response to the Canada Post strike, which began on November 15, 2024, the Canadian Securities Administrators (CSA) announced that it will grant temporary relief to issuers from proxy material delivery requirements for annual shareholder meetings. Below provides an overview of what issuers need to know about the exemption:

  • The parameters of the temporary relief will be published in a coordinated blanket order (the Blanket Order) in the coming days.
  • The Blanket Order will provide an exemption from certain requirements of National Instrument 51-102 Continuous Disclosure Requirements and National Instrument 54-101 Communications with Beneficial Owners of Securities of a Reporting Issuer.

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