Disclosure Timely Disclosure Disclosure rules require that companies report all material information about their business and financial affairs to the public in a timely and fair manner. These rules aim to ensure that investors are given equal access to material information.
IIROC monitors the timely disclosure of material information by companies trading on marketplaces that have retained IIROC as their regulation service provider. Media releases issued by listed companies with material information are reviewed by IIROC surveillance staff before being released on the newswires or the company’s website. If a news release is unclear or overly promotional, IIROC may ask the company to revise it.
Does IIROC review company news releases prior to public dissemination?
TSX listed companies are required to submit their material news releases to IIROC for review prior to being disseminated over the news wires, however, issuers are encouraged to submit all news release announcements. Listed companies on the TSX Venture Exchange must have IIROC review their news releases in accordance with TSX Venture Policy 3.3. The CSE Timely Disclosure policy and Part V of the Aequitas Neo Exchange Listing Manual requires their respective issuers to provide a draft news release to Market Surveillance in advance of issuance, if the news is deemed material. If you are a company representative and have a question about a news release.
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