Draft Regulation to amend Regulation 51-105 respecting Issuers Quoted in the U.S. Over-the-Counter Markets

AMENDMENTS TO POLICY STATEMENT TO REGULATION 51-105 RESPECTING ISSUERS QUOTED IN THE U.S. OVER-THE-COUNTER MARKETS

1. Policy Statement to Regulation 51-105 respecting Issuers Quoted in the U.S. Over-the￾Counter Markets is amended by inserting, after section 1, the following: “Electronic transmission 1.1. 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 the Regulation and this Policy Statement.”.
2. Section 5 of the Policy Statement is amended by replacing, wherever it appears, the word “SEDAR” with the words “[Renewed System]”.