Regulatory Alerts2019-05-02
Draft Amendment to Policy Statement 12-203 Respecting Management Cease Trade Orders
Securities regulators amended Policy Statement 12-203 to align management cease trade order procedures with the phased implementation of the Renewed System. The amendments delete references to the legacy SEDAR system and insert new provisions requiring electronic transmission of documents to regulators under Regulation 13-103 respecting System Replacement. These changes ensure that filings and notices are submitted through the updated electronic infrastructure, excluding jurisdictions like Québec where specific exemptions apply.
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