8 Comparison Chart Selected audit and corporate governance securities law requirements for TSX & TSXV issuers COMMON EQUITY TIER 1 CAPITAL TSX TSXV Audit committee required Yes Yes Independence All Not required, but majority must not be employees, control persons or officers of the issuer or any of its Associates / Affiliates, and must disclose whether independent. Audit committee charter Required Required Minimum number of members 3 3 Financially literate Yes Not required, but must disclose whether financially literate. Financial expert No No CERTIFICATION REQUIREMENTS TSX TSXV CEO/CFO Certification a. Financial reporting Yes Yes b. Disclosure controls and procedures and internal controls over financial reporting Yes No, but could be required for Emerging Market Issuers. Auditor attestation of internal control over financial reporting No No GENERAL REQUIREMENTS TSX TSXV Time to file audited financial statements after year end (if the deadline is earlier in home jurisdiction, that earlier deadline applies) 90 days 120 days Time to file interim financial statements after end Of interim period (if the deadline is earlier in home jurisdiction, that earlier deadline applies) 45 days 60 days MD&A required with financial statements Yes Yes
RkJQdWJsaXNoZXIy MjgzMzQ=