Regulatory Alerts2023-06-09
Policy Statement 11-203 Respecting Process for Exemptive Relief Applications in Multiple Jurisdictions
Canadian securities regulators issued Policy Statement 11-203 to establish a unified process for filing, reviewing, and granting exemptive relief applications across multiple Canadian jurisdictions. The statement defines three primary application pathways—passport, dual, and coordinated review—and provides detailed rules for identifying the principal regulator based on head office location or significant connections. Filers must follow structured pre-filing and electronic submission procedures through SEDAR+ to ensure consistent, efficient regulatory decisions that automatically extend to notified passport jurisdictions.
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