Amendments to Policy Statement to Regulation 51-102 respecting Continuous Disclosure Obligations
Canadian securities regulators amended the Policy Statement to Regulation 51-102 to align continuous disclosure obligations with the phased implementation of the System for Electronic Data Analysis and Retrieval + (SEDAR+). The updates mandate that documents required or permitted to be provided to regulators, except in Québec, must be transmitted electronically through SEDAR+. Additionally, the text replaces all references to the legacy SEDAR system with SEDAR+ across multiple sections and specifies that material change reports be filed under the Change in Corporate Structure category on the new platform.
AMENDMENTS TO POLICY STATEMENT TO REGULATION 51-102 RESPECTING
CONTINUOUS DISCLOSURE OBLIGATIONS
Policy Statement to Regulation 51-102 respecting Continuous Disclosure Obligations
is amended by inserting, after section 1.10, the following:
“1.11. Electronic transmission
Regulation 13-103 respecting System for Electronic Data Analysis and
Retrieval + (SEDAR+) (insert reference) prescribes that each document that is required or
permitted to be provided to a regulator, except in Québec, or securities regulatory authority
must be transmitted to the regulator, except in Québec, or securities regulatory authority
electronically through the System for Electronic Data Analysis and Retrieval + (SEDAR+).
The reference to a document includes any report, form, application, information,
material and notice, as well as a copy thereof, and applies to documents that are required or
permitted to be filed or deposited with, or delivered, furnished, sent, provided, submitted or
otherwise transmitted to, a regulator, except in Québec, or securities regulatory authority.
To reflect the phased implementation of SEDAR+, the Appendix of Regulation
13-103 respecting System for Electronic Data Analysis and Retrieval + (SEDAR+) sets out
securities legislation under which documents are excluded from being filed or delivered in
SEDAR+.
Regulation 13-103 respecting System for Electronic Data Analysis and
Retrieval + (SEDAR+) should be consulted when providing any document to a regulator,
except in Québec, or securities regulatory authority under the Regulation and this Policy
Statement.”.
Section 3.9 of the Policy Statement is amended by replacing subparagraph (b) of
paragraph (1) by the following:
“(b) the reporting issuer files the material change report or news release with the
securities regulatory authority or regulator under the Change in Corporate Structure category
on SEDAR+.”.
Section 9.2 of the Policy Statement is amended by replacing “SEDAR”, in the third
paragraph, by “SEDAR+”.
The Policy Statement is amended by replacing “SEDAR”, wherever it appears in sections
1.2, 6.1, 9.3 and 10.3, by “SEDAR+”.