CSA Staff Notice 55-317 Automatic Securities Disposition Plans
Part 3 Guidance on The Establishment and Administration of ASDPs

Guidance is not Legally Determinative*

We encourage issuers and insiders to consider the following guidance when establishing and using ASDPs and reporting trades under the plans. Following the recommendations presented in this notice is not a substitute for a legal determination regarding the availability of the Legal Defense to protect insiders from insider trading liability. As such, insiders should perform their own analysis to determine whether the Legal Defense has been satisfied.

*This title is provided by Lexata; it is not part of the notice.