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CSA proposes stock buyback flexibility rules

Toronto Stock Exchange
Photo: mikeinlondon/Getty Images

The proposed rules would give Canadian issuers more room to repurchase shares privately.

Changes to Canada’s issuer bid, take-over bid, and early warning reporting rules, intended to provide greater flexibility for share buybacks, have been proposed by The Canadian Securities Administrators (CSA).

The proposed rules also include more specific disclosure obligations for bidders and soliciting shareholders as part of an effort to