Regulatory Alerts2024-11-19
Regulation to Amend Regulation 51-102 Respecting Continuous Disclosure Obligations
Canadian securities regulators are amending Regulation 51-102 to implement an electronic access model for continuous disclosure documents via SEDAR+. Reporting issuers must now issue specific news releases and website notices announcing that annual and interim financial statements are available electronically, thereby ceasing the automatic mailing of these documents to security holders. The amendments also establish requirements for proxy materials and allow issuers to opt out of the electronic access model by providing advance notice and resuming the distribution of paper copies or request forms.
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