LogoRegulatory Alerts
2019-05-02

Draft Regulation to amend Regulation 51-102 respecting Continuous Disclosure Obligations

The securities regulator amends Regulation 51-102 to replace references to the SEDAR system with placeholders for a new 'Renewed System' across various sections and forms. The amendments update filing requirements by substituting 'electronic format' with 'electronically' and removing the specific definition of that term. These changes ensure that continuous disclosure obligations align with the upcoming system replacement by updating all relevant forms and regulatory text.

Autorite des marches financiers Quebec logo

Canada

Autorite des marches financiers Quebec

Click to view thumbnail

REGULATION TO AMEND REGULATION 51-102 RESPECTING CONTINUOUS DISCLOSURE OBLIGATIONS Securities Act (chapter V-1.1, s. 331.1, par. (1), (2) and (34))

  1. Section 1.1 of Regulation 51-102 respecting Continuous Disclosure Obligations (chapter V-1.1, r. 24) is amended by deleting, in paragraph (1), the definition of the expression “electronic format”.
  2. Section 5.8 of the Regulation is amended by replacing, in subparagraph (iii) of subparagraph (b) of paragraphs (3) and (6), “www.sedar.com” with “[insert website of Renewed System]”.
  3. Sections 9.1.1 and 9.1.2 of the Regulation are amended by replacing, wherever it appears, the word “SEDAR” with the words “[Renewed System]”, and making the necessary adaptations.
  4. Section 9.2 of the Regulation is amended by replacing, in subparagraph (b) of paragraphs (5) and (6), the word “SEDAR” with the words “[Renewed System]”.
  5. Section 12.1 of the Regulation is amended by repealing paragraph (2).
  6. Form 51-102F2 of the Regulation is amended: (1) in paragraph (f) of Part 1: (a) by replacing the word “SEDAR” with the words “[Renewed System]”; (b) by replacing “SEDAR at www.sedar.com” with “[Renewed System] at [insert website of Renewed System]”; (2) by replacing, in paragraph (1) of item 17.1, “SEDAR at www.sedar.com” with “[Renewed System] at [insert website of Renewed System]”.
  7. Form 51-102F5 of the Regulation is amended: (1) by replacing, in paragraph (c) of Part 1, “SEDAR at www.sedar.com” with “[Renewed System] at [insert website of Renewed System]”; (2) by replacing, in item 16.1 of Part 2, “SEDAR at www.sedar.com” with “[Renewed System] at [insert website of Renewed System]”.
  8. The Regulation is amended by replacing, wherever they appear in sections 4.9, 13.3 and 13.4, the words “in electronic format” with the words “electronically”.
  9. Forms 51-102F1, 51-102F3 and 51-102F4 of the Regulation are amended by replacing, wherever they appear, “SEDAR at www.sedar.com” with “[Renewed System] at [insert website of Renewed System]”, and making the necessary adaptations.
  10. This Regulation comes into force on (indicate here the date of coming into force of this Regulation).
Share