Regulatory Alerts2023-06-09
Regulation 54-101 Respecting Communication with Beneficial Owners of Securities of a Reporting Issuer
The Quebec securities regulator issued Regulation 54-101 to establish the legal framework for reporting issuers to communicate with beneficial owners of their securities. The regulation mandates specific procedures for requesting beneficial ownership information from intermediaries and depositories, including the use of standardized forms and the maintenance of intermediary master lists. It further governs the delivery of proxy-related materials through notice-and-access mechanisms and requires the distribution of non-objecting beneficial owner lists to facilitate securityholder engagement.
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