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.

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