The Canadian Securities Administrators recently announced the adoption of amendments to National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer (“NI 54-101”) and National Instrument 51-102 Continuous Disclosure Obligations (“NI 51-102”), along with related forms and companion policies (collectively, the “Amendments”).
The Amendments are principally aimed at reducing the costs of holding shareholder meetings by allowing for electronic delivery of proxy-related materials.
