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ARTICLE · 31 JULY 2023

Major Changes To Canadian Securities Exchange Policy 4

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Major amendments to Canadian Securities Exchange (CSE) policies could result in significant changes in how new issuers are listed, and how existing issuers undertake transactions that fall within the CSE's purview.

CanadaCorporate/Commercial Law
Kevin Sorochan
Kevin Sorochan
Selena Chen
Selena Chen
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Major amendments to Canadian Securities Exchange (CSE) policies could result in significant changes in how new issuers are listed, and how existing issuers undertake transactions that fall within the CSE's purview.

Effective April 3, 2023, the CSE implemented extensive changes to its policies. While these amendments feature changes to each of the CSE's 10 policies, the most comprehensive changes are in:

  • CSE Policy 2 – Qualification for Listing ("Policy 2")
  • CSE Policy 4 – Corporate Governance, Security Holder Approvals and Miscellaneous Provisions ("Policy 4")
  • CSE Policy 6 – Distributions & Corporate Finance ("Policy 6")

In this article, we will focus on the more substantive changes to Policy 4. Please see our previous articles on Policy 2 for information regarding the listing policies.

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