Canadian Securities Administrators Propose An Access Equals Delivery Model

On January 9, 2020, the Canadian Securities Administrators (CSA) published Consultation Paper 51-405 Consideration of an Access Equals Delivery Model for Non-Investment Fund Reporting Issuers (the Consultation Paper) seeking views on whether an "access equals delivery" model should be adopted in Canada.

The objective of the proposed "access equals delivery" model is to modernize the way documents are made electronically available to investors and to significantly reduce costs associated with the printing and mailing of documents that are currently borne by issuers. The CSA identifies an "access equals delivery" model as a means of communicating with more investors faster and in a more cost-effective and environmentally friendly manner.