TSX Proposes Mandated Website And Updated Equity Compensation Plan Disclosure Requirements

The Toronto Stock Exchange (TSX) has published for comment proposed amendments to the TSX Company Manual (Manual). If adopted, the amendments would, among other things, introduce mandated website disclosure for all TSX listed issuers (Part IV Amendments), and amend the current disclosure requirements regarding security based compensation arrangements (Part VI Amendments). The TSX is seeking public comment on the proposed amendments until June 27, 2016.

Part IV Amendments – Mandated Website Disclosure

Proposed Amendments

If adopted, the Part IV Amendments would introduce a new section 473 to the Manual containing requirements for listed issuers to maintain current copies of the following security holder documents on a publicly accessible website: (i) constating documents (including, as applicable, articles, by-laws, trust indentures, partnership agreements and other similar documents); (ii) corporate policies that impact meetings of security holders and voting;