Regulation to Amend Regulation 52-110 Respecting Audit Committees

REGULATION TO AMEND REGULATION 52-110 RESPECTING AUDIT COMMITTEES Securities Act (chapter V-1.1, s. 331.1, par. (34))

1. Section 1.1 of Regulation 52-110 respecting Audit Committees (chapter V-1.1, r. 28)
   is amended:
   (1) by inserting, after the definition of “credit support issuer”, 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 an 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.