2023-06-01
Amendments to Policy Statement to Regulation 54-101 respecting Communication with Beneficial Owners of Securities of a Reporting Issuer
Canadian securities regulators amended the Policy Statement to Regulation 54-101 to align communication requirements with the phased implementation of the System for Electronic Data Analysis and Retrieval + (SEDAR+). The amendments insert a new section mandating that documents required or permitted to be provided to regulators, except in Québec, must be transmitted electronically through SEDAR+. Additionally, existing references to the legacy SEDAR system were replaced with SEDAR+ throughout sections 5.1 and 5.4 of the Policy Statement.

AMENDMENTS TO POLICY STATEMENT TO REGULATION 54-101 RESPECTING
COMMUNICATION WITH BENEFICIAL OWNERS OF SECURITIES OF A
REPORTING ISSUER
- Policy Statement to Regulation 54-101 respecting Communication with Beneficial
Owners of Securities of a Reporting Issuer is amended by inserting, after section 2.7, the
following:
“2.8. 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.”.
- Sections 5.1 and 5.4 of the Policy Statement are amended by replacing “SEDAR”, wherever
it appears, by “SEDAR+”.