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Canadian Securities Regulatory Monitor News and Insight

Category Archives: Financial Servicecs

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OSFI Approves the Use of Notice-and-Access by Banks and Insurance Companies

Posted in Financial Servicecs

Under the notice-and-access process introduced under Canadian provincial securities laws in 2013, a public corporation can deliver its management information circular and financial statements to shareholders by posting those materials on SEDAR and an alternative website. The corporation must send a form of proxy to shareholders together with a notice informing shareholders of the SEDAR and non-SEDAR websites where such materials are posted, and how a paper copy of the materials can be requested and received free of charge. The notice-and-access process therefore allows issuers to mail a thinner set of materials to shareholders, rather than the full proxy package, … Continue Reading