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CIRI Membership Offer for Small-Cap Issuers

The Canadian Institute for Investor Relations (CIRI) is offering a membership promotion to TSX and TSXV issuers whose market capitalization is below $300M. CIRI offers its members resources, professional events and networking opportunities that can elevate a company's IR program. For more information, go to CIRI.org and join with the promo code: Save33%

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New Developments in Environmental, Social and Governance (ESG) Disclosure for Companies

Since CIRI's last Backgrounder on this topic in February 2025, the pace of new developments in the area of ESG standards and regulatory disclosure has slowed. The most significant development has been the cessation of all progress by the U.S. Securities and Exchange Commission toward the development of climate disclosure rules for listed companies.

Canadian securities regulators propose semi-annual financial reporting pilot

The Canadian Securities Administrators (CSA) 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.