RE: Kyalla10 Jan 2021 19:50
JP disclosure. The TSX's timely disclosure requirements are based on the concept of "material information", which is comprised of the concepts of "material fact" and "material change". These latter two are distinct concepts that are defined in provincial securities legislation. Generally, they refer to either (i) a fact, or (ii) a change in the business, operations or capital of an issuer that in each case, if disclosed, would reasonably be expected to have a significant effect on the market price or value of an issuer's securities.
Provincial securities legislation requires immediate disclosure of a material change. The TSX's timely disclosure rules require immediate disclosure of material information.