2023-06-01
Amendments to Policy Statement to Regulation 44-101 respecting Short Form Prospectus Distributions
Canadian securities regulators have amended the Policy Statement to Regulation 44-101 to align with the phased implementation of the System for Electronic Data Analysis and Retrieval + (SEDAR+). The amendments mandate that documents required or permitted to be provided to regulators, except in Québec, must be transmitted electronically through SEDAR+. Additionally, specific references to the legacy SEDAR system are replaced with SEDAR+ throughout sections 3.1 and 3.2.1 of the Policy Statement.

AMENDMENTS TO POLICY STATEMENT TO REGULATION 44-101 RESPECTING
SHORT FORM PROSPECTUS DISTRIBUTIONS
- Policy Statement to Regulation 44-101 respecting Short Form Prospectus Distributions
is amended by inserting, after section 1.9, the following:
“1.10. 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 Regulation 44-101 and this
Policy.”.
- Section 3.1 of the Policy Statement is amended by replacing “the issuer’s filer profile
for SEDAR” by “the issuer’s profile for SEDAR+”.
- Section 3.2.1 of the Policy Statement is amended:
(1) by replacing “System for Electronic Document Analysis and Retrieval
(SEDAR)”, in paragraph (2), by “System for Electronic Data Analysis and Retrieval +
(SEDAR+)”;
(2) by replacing “SEDAR”, in paragraph (3), by “SEDAR+”.