Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Message: Disclosure

4. Continuous disclosure requirements

The continuous disclosure obligations of a reporting issuer fall into two categories: periodic disclosure and timely disclosure.

Periodic disclosure occurs at regular intervals and consists of quarterly and annual financial statements, quarterly and annual management discussions and analysis, an annual information form (for TSX issuers), and shareholder meeting materials.

In Canada, reporting issuers are required to file their continuous disclosure and timely disclosure documents on sedar.com, a free electronic database for investors and others.

Canadian securities legislation also requires insiders of reporting issuers to report their security holdings and any direct and indirect transactions involving those holdings.

The principal requirement for timely disclosure is that a reporting issuer must issue and file a press release “forthwith” when a material change in its affairs occurs or when material information relating to its affairs becomes known to management. A “material change” is a change in the business, operations or capital of the reporting issuer that would reasonably be expected to have a significant effect on the market price or value of any of the securities of the reporting issuer. The defi­nition also includes situations where a decision to implement a change referred to previously is made by the board of directors or other persons acting in a similar capacity, or by senior management of the reporting issuer who believe that confirmation of the decision by the board of directors, or other such persons acting in a similar capacity, is probable.

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