🔥 Daily ChallengeISESecurities analysis and investment theoryMedium
On June 1, the board of a TSX-listed issuer unexpectedly terminates the CEO for cause. The company issues a news release the same day. By what date must the issuer file the formal Material Change Report (Form 51-102F3)?
6 attempts · 50% correct
By the end of the next business day following the news release
No later than 10 days after the board's decision to terminate the CEOCorrect
Within 75 days of the termination to coincide with any potential BAR filing deadline
Within 30 days of the immediate news release filing on SEDAR+
Why
Following a material change, the issuer must file a formal Material Change Report as soon as practicable and no later than 10 days after the change.
