Friday May 27 2016
News Source: Global Exchanges
Focus: Listing Rules
Type: General
Country: Canada
Link: http://tmx.complinet.com/en/display/display_main.html?rbid=2072&element_id=1050
Toronto Stock Exchange has published proposed amendments to: (i) introduce website disclosure requirements for TSX listed issuers and (ii) amend the disclosure requirements regarding security based compensation arrangements in the TSX Company Manual.
The proposed amendments provide for public interest changes to Parts IV and VI of the Manual and to introduce Form 15—Disclosure of Security Based Compensation Arrangements. The Part IV Amendments introduce a new Section 473 to the Manual and amend Section 461.3 as an ancillary matter.
Section 473 would introduce the requirement for listed issuers to maintain a publicly accessible website posting, as applicable, current copies of:
- Constating documents;
- Corporate policies that impact meetings of security holders and voting;
- Security holder rights plans;
- Security based compensation arrangements; and
- Certain corporate governance documents.
The Part IV Amendments also simplify the disclosure requirement for issuers that adopt a majority voting policy under Section 461.3 by substituting the requirement for issuers to describe such policies on an annual basis in materials sent to security holders with the requirement to instead post a copy of the policy on the issuer`s website.
Click on the link above for further details.