Back to the Learning Academy.

Canadian securities regulators propose semi-annual financial reporting pilot

November 3, 2025
The Canadian Securities Administrators (CSA)
Disclosure, Trading, Investor Relations

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.

Canadian securities regulators propose semi-annual financial reporting pilot

Related Articles

January 23, 2026
TMX Newsfile

New SEC insider reporting rules for foreign issuers begin March 2026

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.

December 9, 2025
TMX Group

Fall 2025 Conference Highlights: A Company Services Recap

The past few months have been marked by significant activity for the TSX Company Services team. We have consistently focused on supporting our listed issuers by delivering unparalleled exposure, education, and connections, thereby driving their continued success. We are proud to serve as their partner in growth.

TMX Group Limited and its affiliates (the “TMX group of companies”) do not endorse or recommend any securities issued by any companies identified on, or linked through, this site. Please seek professional advice to evaluate specific securities or other content on this site. All content (including any links to third party sites) is provided for informational purposes only (and not for trading purposes), and is not intended to provide legal, accounting, tax, investment, financial or other advice and should not be relied upon for such advice. The views, opinions and advice of any third party reflect those of the individual authors and are not endorsed by the TMX group of companies. The TMX group of companies have not prepared, reviewed or updated the content of third parties on this site or the content of any third party sites, and assume no responsibility for such information.

Copyright © 2026 TSX Inc. All rights reserved.