2023-06-01

Amendments to Policy Statement to Regulation 71-102 respecting Continuous Disclosure and Other Exemptions Relating to Foreign Issuers

The Canadian securities regulators amended Policy Statement to Regulation 71-102 to align continuous disclosure requirements for foreign issuers with the System for Electronic Data Analysis and Retrieval + (SEDAR+). The update mandates that documents required or permitted to be provided to regulators, excluding those in Québec, must be transmitted electronically through SEDAR+. Additionally, the policy replaces all references to the legacy SEDAR system with SEDAR+ to reflect its phased implementation and current legislative framework.

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AMENDMENTS TO POLICY STATEMENT TO REGULATION 71-102 RESPECTING CONTINUOUS DISCLOSURE AND OTHER EXEMPTIONS RELATING TO FOREIGN ISSUERS

  1. Policy Statement to Regulation 71-102 respecting Continuous Disclosure and Other Exemptions relating to Foreign Issuers is amended by inserting, after section 1.4, the following: “1.5. Electronic Transmission Regulation 13-103 respecting System for Electronic Data Analysis and Retrieval + (SEDAR+) (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 System for Electronic Data Analysis and Retrieval + (SEDAR+). 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 SEDAR+, the Appendix of Regulation 13-103 respecting System for Electronic Data Analysis and Retrieval + (SEDAR+) sets out securities legislation under which documents are excluded from being filed or delivered in SEDAR+. Regulation 13-103 respecting System for Electronic Data Analysis and Retrieval + (SEDAR+) should be consulted when providing any document to a regulator, except in Québec, or securities regulatory authority under the Regulation and this Policy Statement.”.
  2. Section 4.1 of the Policy Statement is amended by replacing “SEDAR”, wherever it appears, by “SEDAR+”.