Regulatory Alerts2021-05-20
Draft Amendments to Policy Statement 11-201 respecting Electronic Delivery of Documents
The securities regulators have amended Policy Statement 11-201 to expand electronic delivery eligibility to annual and interim disclosure statements. Section 1.1 establishes formal definitions for these documents by cross-referencing Regulation 51-102, and Section 1.4 explicitly adds them to the statutory list of electronically deliverable documents alongside prospectuses. These targeted amendments streamline continuous disclosure compliance by permitting issuers to transmit annual and interim statements electronically under the established framework.
AMENDMENTS TO POLICY STATEMENT 11-201 RESPECTING ELECTRONIC DELIVERY OF DOCUMENTS
- Section 1.1 of Policy Statement 11-201 respecting Electronic Delivery of Documents is amended: (1) by inserting, before the definition of the expression “delivered”, the following: ““annual disclosure statement” has the same meaning as in Regulation 51-102 respecting Continuous Disclosure Obligations (chapter V-1.1, r. 24);”; (2) by inserting, after the definition of the expression “electronic signature”, the following: ““interim disclosure statement” has the same meaning as in Regulation 51-102 respecting Continuous Disclosure Obligations;”.
- Section 1.4 of the Policy Statement is amended by inserting, in paragraph (1) and after the word “prospectuses,”, the words “annual disclosure statements, interim disclosure statements,”.
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