Draft Amendment to Policy Statement 12-203 Respecting Management Cease Trade Orders

AMENDMENTS TO POLICY STATEMENT 12-203 RESPECTING MANAGEMENT CEASE TRADE ORDERS

1. Section 2 of Policy Statement 12-203 respecting Management Cease Trade Orders is amended by deleting the definition of the expression “SEDAR”.
2. The Policy Statement is amended by inserting, after section 4, the following: “Electronic transmission 4.1. Regulation 13-103 respecting System Replacement (insert reference) prescribes that each document that is required or permitted to be provided to a regulator, except in Québec, or securities regulatory authority must be transmitted to the regulator, except in Québec, or securities regulatory authority electronically through the [Renewed System]. The reference to a document includes any report, form, application, information, material and notice, as well as a copy thereof, and applies to documents that are required or permitted to be filed or deposited with, or delivered, furnished, sent, provided, submitted or otherwise transmitted to, a regulator, except in Québec, or securities regulatory authority. To reflect the phased implementation of the [Renewed System], the Appendix of Regulation 13-103 respecting System Replacement sets out securities legislation under which documents are excluded from being filed or delivered in the [Renewed System]. Reference to Regulation 13-103 respecting System Replacement should be made when providing any document to a regulator, except in Québec, or securities regulatory authority under this policy statement.”.
3. Section 9 of the Policy Statement is amended by deleting the words “on SEDAR”.
4. Section 14 of the Policy Statement is amended by deleting, in the paragraph following subparagraph (ii), “then, for the purposes of filing on SEDAR,” and the word “electronic”.