IR Leader
November 10, 2025

Top Stories

Canadian Securities Regulators Propose Semi-Annual Financial Reporting Pilot

The Canadian Securities Administrators (CSA) today announced a proposed multi-year pilot to allow eligible venture issuers to voluntarily adopt semi-annual financial reporting (the SAR Pilot). The SAR Pilot would provide an exemption for certain venture issuers listed on the TSX Venture Exchange Inc. (TSXV) or the CNSX Markets Inc. (CSE) from the requirement to file first and third quarter financial reports under National Instrument 51-102 Continuous Disclosure Obligations.

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Reminder: New FINTRAC Requirements Effective October 1, 2025

In our previous client alert, Canada’s AML Expansion Comes Into Effect Sooner than Expected on April 1, 2025, we noted that certain anti-money laundering/anti-terrorist financing (AML/ATF) legislative amendments came into force earlier than initially planned, on April 1, 2025. Other changes, however, retained their original effective date of October 1, 2025.

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CSA Reminds Crypto-Backed Lending Platforms of Potential Regulatory Requirements, and Cautions Investors Over Risks

The Canadian Securities Administrators (CSA) reminds crypto-backed lending platforms about the possible application of securities law to their businesses and encourages them to ensure they comply with regulatory requirements. In addition, investors are reminded to seek information on the regulatory status of any firms they seek to do business with.

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CSA Clarifies Requirements for Delivering Proxy-Related Materials During the Canada Post Labour Dispute

The Canadian Securities Administrators (CSA) is clarifying requirements for delivering proxy-related materials for shareholder meetings during the ongoing labour dispute between Canada Post and the Canadian Union of Postal Workers (CUPW) since CUPW has since moved from a full, nationwide postal strike to rotating strikes.

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Canada Needs Strong Climate Policy to be Competitive in Countries Beyond the U.S.

For a diversified trade strategy to succeed, Canada must pursue markets that are rapidly moving toward clean energy

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Canada, Australia and the UK Release Multi-jurisdictional Report Structure for Forced Labour and Child Labour Reporting

In July 2025, the Australian, Canadian and United Kingdom governments jointly released an optional multi-jurisdictional reporting template (the Template) for companies subject to reporting obligations on measures taken to prevent forced and child labour in their operations and supply chains. The Template is designed to ease the administrative burden on organizations subject to supply chain reporting requirements in several of these jurisdictions.

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SEC Allows Exxon Mobil to Implement a Retail Voting Program to Support the Board’s Recommendations – Is Such a Program Coming to Canada?

On September 15, 2025, the Securities and Exchange Commission (the SEC) issued a no-action letter confirming that it would not recommend enforcement action against Exxon Mobil Corporation (Exxon) with respect to the implementation of their retail voting program (the Voting Program). The Voting Program is a voluntary, no-cost program whereby retail investors could authorize a standing voting instruction requiring Exxon to vote their shares based on the recommendations of Exxon’s board of directors (the Board) at each duly called annual general or special shareholder meeting. One of the stated objectives behind the Voting Program is to address and combat low shareholder participation turnout.

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The Power of Investor Relations: What the TSX30 Companies Are Doing Right

We asked a few of the 2025 top-performing companies to share with us how their investor relations (IR) program contributed to their success. A strong IR program is built on a foundation of consistent, transparent communication and a proactive approach to engagement. The companies' responses highlight three key themes that contributed to their success: strategic storytelling, proactive engagement, and valuable market intelligence.

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