Regulatory Alerts2022-04-07
CSA Notice of Consultation: Draft Amendments to Implement an Access Equals Delivery Model for Non-Investment Fund Reporting Issuers
The Canadian Securities Administrators propose amendments to implement an Access Equals Delivery Model that treats electronic access via SEDAR as legal delivery for prospectuses, financial statements, and MD&A for non-investment fund reporting issuers. This model replaces physical mailing requirements with a process involving SEDAR filing and a news release alert, while preserving investors' rights to request paper copies and exercise withdrawal rights. The consultation seeks public feedback on these changes to modernize disclosure practices, reduce issuer costs, and align with electronic market trends.
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