Introduction
The TSX has published amendments to the TSX Company Manual
which, if enacted, would:
- require an issuer to maintain a public website and post
prescribed documents to the site; and
- amend the disclosure requirements for security-based
compensation arrangements (the 2017 Proposals).
The 2017 Proposals follow an earlier public consultation by the
TSX commenced in May 2016 on the same topics (the 2016 Proposals).
The 2017 Proposals modify the earlier proposals as a result of
public comments received by the TSX.
What is different in the 2017 proposals?
Publicly accessible website. Each
TSX-listed issuer will be required to maintain a publicly
accessible website as was initially proposed in 2016. What has
changed is that the 2017 Proposals have narrowed the documents
required to be posted on an issuer's website. Issuers will only
be required to post the following documents:
