2023-06-01
Amendments to Policy Statement to Regulation 51-102 respecting Continuous Disclosure Obligations
Canadian securities regulators amended the Policy Statement to Regulation 51-102 to align continuous disclosure obligations with the phased implementation of the System for Electronic Data Analysis and Retrieval + (SEDAR+). The updates mandate that documents required or permitted to be provided to regulators, except in Québec, must be transmitted electronically through SEDAR+. Additionally, the text replaces all references to the legacy SEDAR system with SEDAR+ across multiple sections and specifies that material change reports be filed under the Change in Corporate Structure category on the new platform.

AMENDMENTS TO POLICY STATEMENT TO REGULATION 51-102 RESPECTING
CONTINUOUS DISCLOSURE OBLIGATIONS
- Policy Statement to Regulation 51-102 respecting Continuous Disclosure Obligations
is amended by inserting, after section 1.10, the following:
“1.11. 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.”.
- Section 3.9 of the Policy Statement is amended by replacing subparagraph (b) of
paragraph (1) by the following:
“(b) the reporting issuer files the material change report or news release with the
securities regulatory authority or regulator under the Change in Corporate Structure category
on SEDAR+.”.
- Section 9.2 of the Policy Statement is amended by replacing “SEDAR”, in the third
paragraph, by “SEDAR+”.
- The Policy Statement is amended by replacing “SEDAR”, wherever it appears in sections
1.2, 6.1, 9.3 and 10.3, by “SEDAR+”.