The hearing comes after Hudson's Bay fell short of securing enough shareholder support for a C$1.9 billion ($1.4 billion)proposed take-private deal for Saks Fifth Avenue owner by its Chairman Richard Baker-led consortium, Reuters reported earlier on Friday.

Catalyst's request for an order requiring amendment of HBC's Management Information Circular is granted, with the terms of such amendments and related matters to be the subject of the final order, said the regulator.

(Reporting by Maria Ponnezhath and Jessica DiNapoli; Editing by Sandra Maler)