Regulatory Alerts2023-06-01
Amendments to Policy Statement to Regulation 51-101 Respecting Standards of Disclosure for Oil and Gas Activities
The Canadian Securities Administrators amended the Policy Statement to National Instrument 51-101 to update references from the legacy SEDAR system to the new System for Electronic Data Analysis and Retrieval + (SEDAR+). The revisions require that documents filed with regulators, excluding those in Québec, be transmitted electronically through SEDAR+ in accordance with Regulation 13-103. These changes ensure alignment with the phased implementation of SEDAR+ by replacing outdated terminology and referencing the correct regulatory framework throughout the disclosure standards.
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