CSA Propose Electronic Delivery Of Prospectuses And Other Continuous Disclosure Documents

A consultation paper seeking feedback on an “access equals delivery” model for prospectuses and continuous disclosure documents was published by the Canadian Securities Administrators (CSA) on January 9, 2020 as part of its ongoing burden reduction initiative.

• An “access equals delivery” model would aim to facilitate communication with investors and reduce costs associated with printing and mailing of documents to shareholders.
• Initial focus would be on the electronic delivery of prospectuses, financial statements and MD&A; however, the CSA is also interested in extending electronic delivery to other types of documents, including rights offering materials, proxy-related materials and take-over bid and issuer bid circulars.