Regulatory Alerts2023-06-01
Amendments to Policy Statement 11-202 respecting Process for Prospectus Reviews in Multiple Jurisdictions
Canadian securities regulators amended Policy Statement 11-202 to modernize multi-jurisdictional prospectus reviews by standardizing terminology and mandating electronic submissions through SEDAR+. The revisions replace outdated regulatory references, update filing confirmation procedures to occur simultaneously with material submission, and establish precise working-day timeframes for principal regulators and the Ontario Securities Commission to review preliminary prospectus amendments. These streamlined processes reduce administrative delays while preserving regulatory flexibility for complex or deferred reviews.
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