Region

Jurisdiction

Regulator

2019-05-02

Draft Amendments to Policy Statement to Regulation 51-102 respecting Continuous Disclosure Obligations

Regulatory authorities amend Policy Statement 51-102 to replace references to SEDAR with the [Renewed System] across multiple sections. The amendments introduce a new section mandating electronic transmission of documents to regulators via the [Renewed System] in accordance with Regulation 13-103. These changes reflect the phased implementation of the new system while excluding specific jurisdictions like Quebec and documents listed in the Regulation's appendix.

Canada

Autorite des marches financiers Quebec

AMENDMENTS TO POLICY STATEMENT TO REGULATION 51-102 RESPECTING CONTINUOUS DISCLOSURE OBLIGATIONS

Section 1.2 of Policy Statement to Regulation 51-102 respecting Continuous Disclosure Obligations is amended by replacing, in paragraph (2), the word “SEDAR” with the words “[Renewed System]”.
The Policy Statement is amended by inserting, after section 1.10, the following: “1.11. Electronic transmission 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.”.
Section 9.2 of the Policy Statement is amended by replacing, in the third paragraph, the word “SEDAR” with the words “[Renewed System]”.
The Policy Statement is amended by replacing, wherever it appears in sections 3.9, 6.1, 9.3 and 10.3, the word “SEDAR” with the words “[Renewed System]”.