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Reforming Canada’s Corporate Actions

Each year, Canada processes over 245,000 corporate actions, impacting market participants and investors alike. However, outdated processes, manual workflows and fragmented data create inefficiencies that increase costs and operational risks. To remain competitive in a global financial landscape, Canada must modernize its corporate actions system.

This white paper, developed by TMX Post Trade Innovations Inc. in collaboration with a working group of industry leaders, outlines the key challenges facing Canada’s corporate actions system and presents actionable solutions for modernization.

Key challenges addressed:

Lack of Standardization

Lack of Standardization

Inconsistent data formats increase errors and processing delays.
Cross-Border Complexities

Cross-Border Complexities

Inefficiencies in handling inter-listed securities and FX conversions.
Manual Workflows

Manual Workflows

High reliance on manual data entry drives up costs and risks.
Absence of a Centralized Repository

Absence of a Centralized Repository

Fragmented corporate actions data slows decision-making.
Processing Inefficiencies

Processing Inefficiencies

Warrants, tax instructions and worthless securities lack streamlined processes.

In this white paper, you’ll gain industry-led insights on:

The top challenges facing corporate actions processing in Canada.

How global best practices can transform Canada's modernization efforts.

The role of automation, standardization and technology in improving market operations.

Strategic steps to align with ISO 20022 and enhance cross-border coordination.

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