Regulatory Alerts2024-11-19
CSA Second Notice of Consultation: Draft Amendments for Access Model for Continuous Disclosure Documents
The Canadian Securities Administrators are seeking public comments on draft amendments to implement an access model for continuous disclosure documents of non-investment fund reporting issuers. The proposed model allows issuers to provide electronic access to financial reports and MD&A via SEDAR+ and their websites, replacing current delivery requirements while maintaining investor rights to request paper copies. Key changes include mandatory advance news releases, annual reminders with proxy materials, and the introduction of a SEDAR+ notification functionality to ensure investors receive timely electronic alerts.
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