Back to the Learning Academy.
Just Released - Updated Security-Based Compensation Guide

January 29, 2021

TMX Group
Follow-on Transaction, Disclosure

Just Released
TSX released an updated version of Guide to Security-Based Compensation Arrangements (Guide). This third edition of the Guide, which was originally published in 2007, is intended to help listed issuers gain a better understanding of the issues relating to security-based compensation arrangements and assist issuers in preparing meaningful disclosure that complies with TSX requirements.
What's New in This Edition
This edition includes updates to reflect rule changes which came into effect in 2017 (principally regarding annual disclosure requirements, including burn rate), expand guidance on the treatment of full value awards and provide FAQs addressing questions commonly received by TSX listings managers.
Key Highlights
- Disclosure requirements – annually and upon adoption or amendment of a plan
- Examples of acceptable disclosure and reporting
- FAQ's
Guide to Security-Based Compensation Arrangements
Related Articles

September 26, 2025

TMX Group
Ranking on the TSX30™ is a prestigious recognition that highlights a company's financial excellence and robust business strategy. 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.
Millani's eleventh Semi-Annual ESG Sentiment Study of Canadian Institutional Investors finds that current pushback on ESG is less a retreat than a pause, with uncertainty eroding disclosure quality, trust, and ultimately increasing the cost of capital.