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ARTICLE · 21 JUNE 2016

TSX's Proposed Website Disclosure Rules Will Expand Corporate Governance And Security Based Compensation Disclosure

Osler, Hoskin & Harcourt LLP
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The Toronto Stock Exchange (TSX) recently published proposed amendments to its Company Manual that would introduce mandatory website disclosure requirements for TSX-listed issuers...

CanadaCorporate/Commercial Law
Osler, Hoskin & Harcourt LLP
Osler, Hoskin & Harcourt LLP
François Paradis
François Paradis
Jeremy Brisset
Jeremy Brisset
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The Toronto Stock Exchange (TSX) recently published proposed amendments to its Company Manual that would introduce mandatory website disclosure requirements for TSX-listed issuers and revise the disclosure requirements for security based compensation arrangements. If implemented, the new rules and related revisions to proxy circular disclosure requirements will necessitate substantial changes to disclosure practices of all issuers listed on the TSX. Issuers only have until June 27, 2016 to comment on the proposed amendments.

Key takeaways

  • The TSX proposes requiring website disclosure of documents relating to the corporate governance of the issuer, including documents which are rarely voluntarily disclosed by issuers.

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