61-101 - Protection of Minority Security Holders in Special Transactions

61-101 - Protection of Minority Security Holders in Special Transactions

• Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions

  Effective Date:  September 3, 2019.

  61_101_mi_september_3_2019.pdf
• CSA Notice and Amendments to Multilateral Instrument 61-101

  The purpose of the amendments and changes are to codify previously granted relief related to changes at some recognized exchanges and to align our requirements with changes made to the Canada Business Corporations Act (CBCA). The amendments and changes address the following:

  • the creation of a senior tier at the Canadian Securities Exchange (CSE), which is intended to be a non-venture tier;
  • to ensure that requirements for non-venture issuers will also apply to those reporting issuers that are listed on the CSE Senior Tier;
  • the name change of the PLUS markets to AQSE Growth Market;
  • the name change of Aequitas Neo Exchange Inc. to Cboe Canada Inc.; and,
  • amendments to the Canada Business Corporations Act dealing with “majority voting”.

  The amendments are expected to be adopted by each member of the CSA, where applicable, and provided all necessary regulatory and ministerial approvals are obtained, the amendments will come into force on September 19, 2025.

  61_101_mi_amendments_and_csa_notice_june_19_2025.pdf
• The Securities Commission (Adoption of National Instruments) (NI 13-101, MI 11-102, MI 61-101) Amendment Regulations, 2019

  Effective Date: September 3, 2019.

  61_101_ni_september_3_2019.pdf
• Companion Policy 61-101CP

  Effective Date:  September 3, 2019.

  61_101_cp_septembr_3_2019.pdf
• Amendments to Companion Policy 61-101CP

  Effective Date: Subject to Ministerial approval – June 9, 2023.

  61_101_cp_amendments_2023_03_23.pdf