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ARTICLE · 17 DECEMBER 2024

CSA Provides Delivery Relief For AGM Materials Due To Canada Post Strike

Cozen O'Connor
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On November 15, 2024, all postal service in Canada by Canada Post was suspended as a result of labour action by the Canadian Union of Postal Workers...

CanadaCorporate/Commercial Law
Nicholas Krishan
Nicholas Krishan
Alex Farkas
Alex Farkas

On November 15, 2024, all postal service in Canada by Canada Post was suspended as a result of labour action by the Canadian Union of Postal Workers; a disruption that has resulted in significant collateral effects for Canada's various reporting issuers. Many reporting issuers often rely on Canada Post to meet their delivery obligations under applicable Canadian securities legislation, as alternatives such as courier delivery can be cost-prohibitive and electronic delivery is only possible with prior shareholder consent and provided email addresses.

Recognizing that the suspension of postal service may impact a reporting issuer's ability to deliver meeting and proxy related materials to shareholders, on December 4, 2024, the Canadian Securities Administrators (CSA) published Coordinated Blanket Order 51-931 Temporary Exemption from requirements in National Instrument 51-102 Continuous Disclosure Requirements and National Instrument 54-101 Communication with

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