Alberta MJDS Changes Would Cut Paperwork On Southbound Offerings

The Alberta Securities Commission (ASC) is proposing to repeal and replace existing ASC Rule 71-801 Implementing the Multijurisdictional Disclosure System in an effort to update outdated references and better align the requirements of Alberta securities law with the southbound multijurisdictional disclosure system (MJDS). Issued on September 28, 2017, the proposal for a new ASC Rule 71-801 follows comparable initiatives by the British Columbia and Ontario commissions.

Note that the proposed changes would not affect the core principles of the MJDS, which are set out in a separate instrument (National Instrument 71-101 The Multijurisdictional Disclosure System). Instead, its impact is limited to the provincial framework that surrounds and implements NI 71-101 in Alberta.