2025-06-19

Regulation to amend Regulation 58-101 respecting Disclosure of Corporate Governance Practices

The regulator amends Regulation 58-101 to update the definition of venture issuer by excluding CSE senior tier issuers and refining listing exclusions. The amendment inserts a new definition for CSE senior tier that references the Canadian Securities Exchange listing rules. This regulation comes into force on September 19, 2025, with a delayed effective date for Saskatchewan if filed after that date.

Autorite des marches financiers Quebec logo

Canada

Autorite des marches financiers Quebec

Click to view thumbnail

REGULATION TO AMEND REGULATION 58-101 RESPECTING DISCLOSURE OF CORPORATE GOVERNANCE PRACTICES Securities Act (chapter V-1.1, s. 331.1, par. (34))

  1. Section 1.1 of Regulation 58-101 respecting Disclosure of Corporate Governance Practices (chapter V-1.1, r. 32) is amended: (1) by inserting, after the definition of “code”, the following: ““CSE senior tier” has the same meaning as “senior tier” as defined in section 1.3 of the listing rules of the Canadian Securities Exchange, as amended from time to time;”; (2) by replacing the definition of “venture issuer” by the following: ““venture issuer” means a reporting issuer that, at the end of its most recently completed financial year, (a) did not have any of its securities listed or quoted on any of the Toronto Stock Exchange, Cboe Canada Inc., a U.S. marketplace, or a marketplace outside of Canada and the United States of America other than the Alternative Investment Market of the London Stock Exchange or the AQSE Growth Market operated by Aquis Stock Exchange Limited, and (b) was not a CSE senior tier issuer.”. Effective Date
  2. (1) This Regulation comes into force on 19 September 2025. (2) In Saskatchewan, despite paragraph (1), if this Regulation is filed with the Registrar of Regulations after 19 September 2025, this Regulation comes into force on the day on which it is filed with the Registrar of Regulations.