Regulatory Alerts2021-06-23
Regulation to amend Regulation 13-101 respecting the System for Electronic Document Analysis and Retrieval (SEDAR)
Canadian securities regulators amended Regulation 13-101 to update the SEDAR filing requirements for issuers utilizing start-up crowdfunding exemptions. The changes specifically modify Item E of Appendix A to mandate the filing of offering documents and reports of exempt distribution for issuers in all participating jurisdictions. The regulation generally came into force on September 21, 2021, with a delayed effective date for Saskatchewan if filed after that date.
REGULATION TO AMEND REGULATION 13-101 RESPECTING THE SYSTEM FOR ELECTRONIC DOCUMENT ANALYSIS AND RETRIEVAL (SEDAR) Securities Act (chapter V-1.1, s. 331.1, par. (1) and (2))
- Appendix A of Regulation 13-101 respecting the System for Electronic Document Analysis and Retrieval (SEDAR) (chapter V-1.1, r. 2) is amended by replacing, in part II “Other Issuers (Reporting/Non-reporting)”, section 4 of Item E “Exempt Market Offerings and Disclosure” with the following: “4. Offering document and report of exempt distribution required to be filed or delivered by an issuer under the start-up crowdfunding prospectus and registration exemptions. AB, SK, MB, QC, NB, PEI, NS, NL, YT, NWT, Nun ”.
- (1) This Regulation comes into force on September 21, 2021. (2) In Saskatchewan, despite paragraph 1, if this Regulation is filed with the Registrar of Regulations after September 21, 2021, this Regulation comes into force on the day on which it is filed with the Registrar of Regulations.
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