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canadian company buybacks


mjm
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Can some of the extremely knowledgeable Canadian investors here tell me the time length requirements on filing buyback info on normal course bids?  Seems longer than US requirements.

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Yeah you are right - basically for a regular insider reporting insider trading it is 5 calendar days (which is longer than the US's 3) but for a normal course issuer bid by the issuer, they have to file within 10 days of the end of the month that the acquisitions occurred - so quite a bit longer.

 

some detail here (section 4.5.1)

https://www.sedi.ca/sedi/new_help/english/public/PDF_en/csa_20100611_55-316_qa-sedi_ENG.pdf

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