Securities Law & Instruments

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CSA Staff Notice 11-327
Extension of Consultation Period
Proposed National Policy 25-201 Guidance for Proxy Advisory Firms

June 12, 2014

On April 24, 2014, the Canadian Securities Administrators (the CSA) published for comment proposed National Policy 25-201 Guidance for Proxy Advisory Firms (the Proposed Policy).

The comment period is scheduled to close on June 23, 2014. We have received feedback from some stakeholders indicating that the comment period falls during proxy season and that it would be beneficial for all stakeholders to have additional time to properly review and assess the Proposed Policy and prepare comments.

We are therefore extending the comment period from June 23, 2014 to July 23, 2014.


Please refer your questions to any of the following:

Autorité des marchés financiers
Michel Bourque
Senior Policy Advisor
514-395-0337 ext.4466


Ontario Securities Commission
Naizam Kanji
Deputy Director, Mergers & Acquisitions, Corporate Finance
416-593-8060 1-877-785-1555
Ontario Securities Commission
Laura Lam
Legal Counsel, Mergers & Acquisitions, Corporate Finance
416-593-8302 1-877-785-1555
Alberta Securities Commission
Sophia Mapara
Legal Counsel
403-297-2520 1-877-355-0585