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Notice 2018-003 - Notice of OSC Approval - Amendments to Policy 4

April 13, 2018

INTRODUCTION

In accordance with the Process for the Review and Approval of Rules and the Information Contained in Form 21-101F1 (the "Protocol"), CNSX Markets Inc. (“CSE”) has adopted, and the Ontario Securities Commission (OSC) has approved, significant changes to CSE Policy 4 – Corporate Governance and Miscellaneous Provisions.

On October 20th, 2017, CNSX Markets Inc. (“CSE”) published Notice 2017-018 - Corporate Governance and Emerging Markets Issuers Guidance and Requirements.  CSE proposed to introduce specific requirements for applicants and existing listed companies.  The period for public comment expired on November 20th, 2017.  No public comment letters were received.

DESCRIPTION OF THE AMENDMENTS

The Amendments are intended to improve Issuer procedures to mitigate certain risks, and to provide adequate disclosure of those procedures and risks.  For Listed Issuers, the impact is expected to be negligible because the CSE has been exercising its discretion to apply most of the principles since the publication of Notice 2013-002 - CNSX - Issuer Guidance - Disclosure Obligations.  Issuers applying for listing will need to follow the new requirements and be expected to take into consideration the codified guidance.

The full text of the amendments is available in Notice 2017-018:

http://thecse.com/en/about/publications/notices/notice-2017-018-corporate-governance-and-emerging-markets-issuers

The amended policies are available on the CSE website under http://thecse.com/support/listed-companies/policies

IMPLEMENTATION

The amendments are effective immediately.

 

Questions about this notice may be directed to:

Mark Faulkner, Vice President Listings & Regulation

Mark.Faulkner@theCSE.com, or 416-367-7341

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