CIRI Comments to the BCSC on Proposed National Instrument 51-519: Promotional Activity Disclosure Requirements

CIRI submitted comments to the BCSC on Proposed National Instrument 51-519: Promotional Activity Disclosure Requirements, recognizing that recent online events coupled with increased use of social media has led to problematic promotional activity; however, the approach proposed needs refinement. 

We recommend that: 

  • ‘Investor relations activity’ not be included in the definition of ‘promotional activity’; 
  • Consideration be given to the crucial role investor relations consultants play for venture issuers; 
  • The Proposed Instrument and the Companion Policy be amended to narrow the scope and clarify what would and would not constitute promotional activity; 
  • Consideration be given to the point of dissemination as a means to clarify what constitutes promotional activity; and 
  • The Proposed Instrument apply to venture issuers only. 
 To read the full submission, click here.

    • THANK YOU TO OUR NATIONAL STRATEGIC PARTNER
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