Regulatory Alerts2024-01-11
CSA Notice of Publication: Amendments to Implement an Access Model for Prospectuses of Non-Investment Fund Reporting Issuers
The Canadian Securities Administrators have finalized amendments to implement an optional access model for prospectuses of non-investment fund reporting issuers, allowing electronic delivery via SEDAR+ to satisfy legal requirements. This model aims to modernize investor communication, reduce issuer costs associated with printing and mailing, and align with current market practices while maintaining investor protection through the ability to request paper or electronic copies. The amendments clarify that the model is not mandatory, adjust news release timing for shelf and post-receipt pricing distributions, and remove specific time limits for sending preliminary prospectuses upon request.
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