CSNX Markets Inc. (CSE) has published Notice 2025-006 – Notice Of Approval – Amendments To CSE Listing Policies – Major Acquisitions (The Amendments).
Publication was subject to approval of The Amendments by the participating jurisdictions in Ontario and British Columbia, the Ontario Securities Commission (OSC) and the British Columbia Securities Commission (BSCSC). The Amendments, which are under the Protocol to CSE Listing Policies (Policies), introduce an approval requirement for Major Acquisitions and broaden the application of its definition in the Policies.
With the implementation of The Amendments, CSE will introduce a specific approval process for a re-defined ‘Major Acquisition’ that is separate and apart from the process applicable to a Fundamental Change.
A Listed Issuer intending to complete a Major Acquisition, based on the proposed re-definition, would need to obtain approval from the CSE before completion of the transaction which could result in additional changes to the structure of, or the conditions on, the transaction. It would exclude Major Acquisitions from the existing deemed approval process.
Canadian Securities Exchange – Public Interest Rule Amendments – Proposed Amendments to CSE Listing Policies – Notice and Request for Comments) are available for download from the websites of the participating jurisdictions.
For more information, please call Barbara Hendrickson at BAX Securities Law (647) 403-4606.
This publication is not intended to constitute legal advice. No one should act on it or refrain from acting on it without consulting with a lawyer. BAX does not warrant or guarantee the accuracy or currency or completeness of the publication. No part of this publication may be reproduced without the prior written permission of BAX Securities Law.