Updated TSX guidelines for security based compensation disclosure
Jan 29, 2021
On January 29, 2021, the TSX released an updated version of "Guide to Security-Based Compensation Arrangements" (Guide). This third edition of the Guide, which was originally published in 2007, is intended to help listed issuers gain a better understanding of the issues relating to security-based compensation arrangements and assist issuers in preparing meaningful disclosure that complies with TSX requirements.
What's New in This Edition
This edition includes updates to reflect rule changes which came into effect in 2017 (principally regarding annual disclosure requirements, including burn rate), expand guidance on the treatment of full value awards and provide FAQs addressing questions commonly received by TSX listings managers.
Key Highlights
- Disclosure requirements – annually and upon adoption or amendment of a plan
- Examples of acceptable disclosure and reporting
- FAQ's
Review the press release and guide on the TSX's website and a summary on Miller Thomson LLP's website.
