However, according to a notice detailing the changes, the exchange faced opposition to the idea of expanding the dividend notification period as part of these reforms. It reported that several commenters cited various reasons for opposing the change, including the risk of creating operational challenges, particularly for ETFs. Additionally, there were concerns that this could result in investors and brokers receiving preliminary information that would later have to be corrected, “potentially causing confusion or misaligned expectations.”As a result of the objections, the TSX dropped the proposal, and kept the notification period at five days. However, it shrugged off other concerns about the proposals, including worries that consolidating dividend reporting under one roof could restrict competition. In its response, the TSX maintained that, “the amendments are strictly operational, aimed at increasing efficiency and reducing administrative burden for all issuers.