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Venture Forward: January 2023 Update

February 3, 2023

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

In June 2022, TSX Venture Exchange launched Venture Forward to discuss and gather insight on how Canadian's public venture ecosystem can take action to innovate, adapt and evolve over the coming years.
See the latest updates on the next phase here.
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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.

November 3, 2025

The Canadian Securities Administrators (CSA)
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.