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.

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AMENDMENTS TO POLICY STATEMENT TO REGULATION 44-101 RESPECTING SHORT FORM PROSPECTUS DISTRIBUTIONS

  1. 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.”.
  2. 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+”.
  3. 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+”.