Canada Post Suspension: CSA Provides Temporary Relief From Proxy Material Delivery Requirements

In response to the Canada Post suspension, which began on September 25, 2025, the Canadian Securities Administrators (CSA) published Coordinated Blanket Order 51-932 (the Blanket Order), which grants temporary relief to certain issuers from proxy material delivery requirements for annual shareholder meetings. The scope of the Blanket Order is summarized below.

The exemption only applies to meetings where the only matters to be considered are annual matters, which are prescribed as:

• receiving and considering audited financial statements for the most recently completed financial year;
• fixing the number of directors;
• electing directors;
• appointing the auditor and fixing their remuneration as such;