Regulatory Alerts2024-12-04
CSA Notice regarding Coordinated Blanket Order 51-931 Temporary Exemption from Continuous Disclosure and Proxy Material Delivery Requirements During a Postal Strike
The Canadian Securities Administrators issued Blanket Order 51-931 to temporarily exempt reporting issuers from the requirement to deliver proxy-related materials to shareholders during the Canada Post suspension caused by the November 2024 postal strike. This relief applies exclusively to meetings where all agenda items are standard annual matters, such as electing directors or approving financial statements, while excluding contentious issues or those requiring special resolutions. Issuers relying on this exemption must ensure materials are filed on SEDAR+ and posted prominently on their websites, with the temporary relief expiring on January 31, 2025.
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