2023-06-01

Amendments to Policy Statement to Regulation 41-101 respecting General Prospectus Requirements

Canadian securities regulators amended the Policy Statement to Regulation 41-101 to align with the phased implementation of the System for Electronic Data Analysis and Retrieval + (SEDAR+). The changes mandate that documents required or permitted to be provided to regulators, except in Québec, must be transmitted electronically through SEDAR+. All references to the legacy System for Electronic Document Analysis and Retrieval (SEDAR) were replaced with SEDAR+ throughout the text to reflect this transition.

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AMENDMENTS TO POLICY STATEMENT TO REGULATION 41-101 RESPECTING GENERAL PROSPECTUS REQUIREMENTS

  1. Section 1.2 of Policy Statement to Regulation 41-101 respecting General Prospectus Requirements is amended by inserting, after paragraph (7), the following: “(8) 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 3.5.1 of the Policy Statement is amended: (1) by replacing “System for Electronic Document Analysis and Retrieval (SEDAR)”, in paragraph (2), by “System for Electronic Data Analysis and Retrieval + (SEDAR+)”; (2) by replacing “SEDAR”, in paragraph (3), by “SEDAR+”.
  3. The Policy Statement is amended by replacing “SEDAR”, wherever it appears, by “SEDAR+”.