Timely Disclosure

Timely Disclosure

Updates and Commentary on Current issues in M&A, Corporate Finance and Capital Markets

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Weeding-out a Lack of Disclosure

By Laura Konkel on Posted in Securities, Securities Regulatory Authorities

On October 10, 2018, the Canadian Securities Administrators (CSA) issued CSA Staff Notice 51-357 Staff Review of Reporting Issuers in the Cannabis Industry (Staff Notice) summarizing a review of the disclosure of 70 reporting issuers[1] in the cannabis industry (Cannabis Issuers). The purpose of the review was to highlight best disclosure practices and common deficiencies… Continue Reading

ETF Facts – Upcoming Transition Date

By Munier Saloojee on Posted in Investment Funds

Exchange-traded fund (ETF) managers are reminded that, as of September 1, 2017, they will be required to file an “ETF Facts” document in conjunction with the filing of any ETF prospectus. Similar to “Fund Facts” for conventional mutual funds, “ETF Facts” are summary disclosure documents for ETFs.  Amendments to National Instrument 41-101 General Prospectus Requirements… Continue Reading

Website Disclosure by TSX Issuers – Revised Proposal

By Jeremy Mandel on Posted in Continuous & Timely Disclosure, Stock Exchanges

In late May 2016, the TSX proposed amendments to the TSX Company Manual (Initial Proposal), most notably in Part IV, which contains the requirements for maintaining a listing. In our earlier post, we provided an overview of the Initial Proposal, which was to introduce a requirement for certain corporate documents to be disclosed, and publicly… Continue Reading

Corporate Disclosure by Reporting Issuers on Social Media

By Peter Villani and Michèle Orr Gaucher on Posted in Continuous & Timely Disclosure, Securities Regulatory Authorities

It would be an understatement to characterize the presence and use of social media in our daily lives as being ubiquitous in scope and nature. The proliferation of social media venues allows us to communicate and share ideas and opinions in a manner beyond anything that we have experienced in human existence. The casual observer… Continue Reading