July 13, 2016
While the adoption of the CSA’s guidance set out in the Protocols remains voluntary at this stage, we note that the Protocols include a number of processes that are already provided in National Instrument 54-101 – Communications with Beneficial Owners of Securities of a Reporting Issuer (NI 54-101). In particular, the Protocols confirm the Intermediaries’ roles and responsibilities for early-stage vote reconciliation, which we previously raised as a priority.