Share on LinkedInShare on LinkedIn

ARTICLE · 12 DECEMBER 2012

"Notice-And-Access" Mechanism Comes To Canada

The proposed amendments are designed to improve the current beneficial shareholder communication procedures in Canada.

CanadaCorporate/Commercial Law

On November 29, 2012, the Canadian Securities Administrators (CSA) announced the adoption of amendments to National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer and National Instrument 51-102 Continuous Disclosure Obligations.

The proposed amendments are designed to improve the current beneficial shareholder communication procedures in Canada, which have been criticized as being too time consuming and confusing, and thereby create difficulties for appointing beneficial owners as proxy holders. The basic policy objective of the notice-and-access proposal is to promote the use of the Internet as a potentially reliable and cost efficient means of shareholder communication.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

See more popular content from