Regulatory Alerts2024-12-04
Decision No. 2024-PDG-0065: Coordinated General Decision 51-931 Regarding Temporary Exemption from Continuous Disclosure and Beneficial Ownership Communication Obligations During Canada Post Strike
The Autorité des marchés financiers issued Decision No. 2024-PDG-0065 to temporarily exempt non-investment fund issuers from the obligation to mail proxy-related documents to registered and beneficial owners during the Canada Post strike. This exemption applies only if the issuer posts a SEDAR+ press release with meeting details and electronic access instructions, and ensures no special resolutions, dissent rights, or controversial votes are on the agenda. Issuers must resume full mailing obligations within three days of the strike's end, unless postal services do not resume at least seven days before the meeting.
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