12-203 - Management Cease Trade Orders (National Policy)

12-203 - Management Cease Trade Orders (National Policy)

• National Policy
• Amendments to the National Policy

National Policy

National Policy 12-203 Management Cease Trade Orders

Effective Date: September 1, 2008.
Consolidated to January 1, 2011.
Replacement in effect June 23, 2016.

Provides guidance to issuers, investors and other market participants as to how the Canadian Securities Administrators will generally respond to certain types of serious continuous disclosure defaults (referred to as specified defaults in this policy) by a reporting issuer.

12_203_np_june_23_2016.pdf

Amendments to the National Policy

Amendments to National Policy 12-203

Effective Date: June 9, 2023. In Saskatchewan: June 20, 2023.

12_203_np_amendments_2023_03_23.pdf