The Toronto Stock Exchange has published for comment proposed
amendments to the TSX Company Manual (the Proposed Amendments). The
Proposed Amendments, if enacted, would:
- require an issuer to maintain a public website and post
prescribed documents on the site; and
- amend the disclosure requirements for security-based
compensation arrangements by, among other things, introducing a simplified user-friendly disclosure form.
Written comments on the Proposed Amendments will be accepted
until June 27, 2016.
Publicly accessible website
Requiring a TSX-listed issuer to maintain its own website will
bring the TSX in line with certain other exchanges, including NYSE and AIM. The TSX Venture Exchange does not have
issuer website requirements. The TSX is concerned that market participants may encounter difficulty
locating documents on SEDAR (the Canadian Securities
Administrators' public depository for continuous disclosure
documents) as issuers do not necessarily use
