New Website Requirements for TSX Listed Issuers

Issuers listed on the Toronto Stock Exchange (TSX) will be required to make available on their websites the current, effective versions of their constating documents and, if adopted, certain corporate policies and corporate governance documents effective April 1, 2018.

Key documents to be published include:

  • Articles of incorporation, amalgamation, continuation or any other constating or establishing documents of the issuer

  • By-laws

If listed issuers have adopted any of the following policies, they must also be published:

  • Majority voting policy

  • Advance notice policy

  • Position descriptions for the chairman of the board and the lead director

  • Board mandate

  • Board committee charters

The documents must be published to a website which is accessible from the issuer’s home page or investor relations page. Issuers may satisfy the requirements by posting the current, effective version of a larger document that contains the issuers’ constating documents and/or corporate governance documents, for example, an issuer’s circular or annual information form.

Eligible Interlisted Issuers, Eligible International Interlisted Issuers and Non-Corporate Issuers (as those terms are defined in the TSX Company Manual) are exempt from the new website disclosure requirements.

DISCLAIMER: This post is intended to convey general information about legal issues and developments as of the date above. It does not constitute legal advice and must not be treated or relied on as such.