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Venture Forward Information Session

July 7, 2023

TMX Group
Trading, Governance, Follow-on Transactions, Disclosure

Last month, TSX Venture Exchange (TSXV) officially launched Venture Forward. This webinar recording provides more information about the commitments outlined in our comprehensive report and the collaborative work ahead of us.
Register here to view the recording.
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The end of the Section 16 exemption for foreign issuer directors and officers marks a major shift in SEC insider reporting. It introduces faster disclosure timelines and new transparency risks for global IR teams. Beginning March 18, 2026, directors and officers of Canadian and other foreign private issuers (FPIs) will be required to publicly report insider holdings and transactions under Section 16(a) of the U.S. Securities Exchange Act of 1934.

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Amid headlines suggesting retreat, parallel regulatory shifts in the United States and Europe, and rising legal scrutiny under Canada's Bill C-59, which introduces penalties for unsupported environmental or sustainability claims, Millani's analysis tells a more nuanced story.