Regulatory Alerts2023-06-09
Policy Statement 11-206 Respecting Process for Cease to Be a Reporting Issuer Applications
Canadian securities regulators issued Policy Statement 11-206 to establish a standardized process for issuers applying to cease their reporting issuer status across all Canadian jurisdictions. The framework designates a principal regulator based on head office location or significant connection, outlines streamlined simplified and modified procedures for issuers with few securityholders or minimal Canadian market activity, and mandates electronic filing via SEDAR+. It further clarifies pre-filing protocols, dual application coordination with the Ontario Securities Commission, and ongoing resale restrictions for Canadian securityholders following the order.
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