The Canadian Securities Administrators has clarified that reporting issuers must revert to normal requirements for delivering proxy-related materials for shareholder meetings because Canada Post has resumed mail deliveries and is accepting commercial volumes amid rotating strikes. The CSA’s Coordinated Blanket Order 51-932, issued on October 9, 2025, provided temporary relief from delivery requirements in National Instrument 51-102 Continuous Disclosure Obligations and National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer for meetings considering “annual matters”, but only during a complete suspension of all postal service in Canada and on the condition that Canada Post was not accepting commercial volumes. If labour action escalates and leads to another complete suspension of postal service in Canada, the CSA indicated it will provide further information.
Canadian Securities Administrators 2025-10-21
Canadian Securities Administrators says temporary proxy-material delivery exemption no longer available as Canada Post resumes accepting commercial volumes
The Canadian Securities Administrators (CSA) announced that reporting issuers must resume normal delivery of proxy-related materials for shareholder meetings as Canada Post has resumed mail services. The CSA's temporary relief under Coordinated Blanket Order 51-932 applied only during a complete postal service suspension. Further guidance will be provided if postal disruptions escalate.