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ARTICLE · 15 APRIL 2020

Relief For Public Issuers In Canada

In order to rely on the exemption, issuers must as soon as practicable in advance of the existing filing deadline issue and file a press release on SEDAR.

CanadaCorporate/Commercial Law

The Ontario government, the CSA, the Toronto Stock Exchange and the TSX-Venture Exchange have all acknowledged that the COVID-19 outbreak presents significant challenges for market participants, including reporting issuers, in meeting obligations under corporate legislation, Canadian securities legislation or TSX and TSX-V rules. These obligations include the delivery, filing or sending of disclosure documents, holding annual shareholder meetings, and other matters that have been affected by market impacts such as the TSX rules on normal course issuer bids (NCIBs) and delisting criteria. The following is a summary of the relief issued to date.

Relief under the Business Corporations Act (Ontario)

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