CIRI Comments on the Ontario Securities Act

CIRI submitted comments to the Taskforce to Review Capital Markets on the Ontario Securities Act. We strongly support this initiative and congratulate the Government of Ontario for reviewing the Act in an effort to not only modernize and streamline it, but to improve it.

In the submission, we made several recommendations including: discontinuing the differentiation of beneficial shareholders as OBOs and NOBOs; giving issuers the option to report semi-annually; supporting the proposed access equals delivery model; allowing virtual only AGMs; and providing greater shareholder ownership disclosure in an effort to improve issuer-shareholder engagement.

To read the full submission, click here.
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