Regulatory Alerts2019-05-02
Draft Amendments to Policy Statement 11-202 Respecting Process for Prospectus Reviews in Multiple Jurisdictions
Securities regulators have amended Policy Statement 11-202 to modernize multi-jurisdictional prospectus reviews by mandating electronic transmission through the renewed System and updating core definitions. The revisions replace Regulation 13-101 references, remove redundant SEDAR filings and paper cover letters, and require filers to confirm materials concurrently with principal regulator submissions. Updated provisions establish strict working-day timeframes for reviewing preliminary long form, short form, and shelf prospectus amendments while permitting deferred reviews when appropriate.
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