Effective October 10, 2019, the TSX Venture Exchange (the Exchange) has amended (the Amendments) its Corporate Finance Manual to reduce the frequency with which certain persons have to submit a Form 2A – Personal Information Form (PIF) to the Exchange.
Exchange policies previously provided that the Exchang would accept a Form 2C1 – Declaration (Declaration) instead of a PIF if the person has submitted a PIF to the Exchange within the last 36 months.
Under Amendments, the Exchange will accept a Declaration instead of a PIF if the person has submitted a PIF to the Exchange within the last 60 months.
The Amendments are intended to reduce the time and cost associated with the completion of PIFs.
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We applaud the Exchange for taking steps to reduce the regulatory burden on issuers.
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.