Regulatory Alerts2020-02-27
Draft Regulation to Amend Regulation 13-101 Respecting SEDAR
The securities regulators have issued a draft regulation to amend Regulation 13-101, which governs the System for Electronic Document Analysis and Retrieval (SEDAR). This amendment introduces a new filing requirement under section 7 of item E, mandating that issuers file offering documents as required by Regulation 45-110 respecting Start-up Crowdfunding Registration. The change applies across all participating Canadian jurisdictions and is intended to ensure proper disclosure for start-up crowdfunding offerings within the SEDAR system.
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))
- Regulation 13-101 respecting the System for Electronic Document Analysis and Retrieval (SEDAR) (chapter V-1.1, r. 2) is amended by adding, in section II entitled “Other Issuers (Reporting/Non-reporting)” and after section 6 of item E entitled “Exempt Market Offerings and Disclosure”, the following: “7. Offering document required to be filed or delivered by an issuer under Regulation 45- 110 respecting Start-up Crowdfunding Registration and Prospectus Exemptions (insert reference) Alta, Sask, Man, Que, NB, PEI, NS, Nfld, YK, NWT, NU ”.
- This Regulation comes into force on (indicate here the date of coming into force of this Regulation).
Share