CSA Proposes Access Model For Continuous Disclosure Documents Of Non-Investment Fund Reporting Issuers

On November 19, 2024, the Canadian Securities Administrators (CSA) announced it is seeking feedback on proposed changes to implement an access model for annual financial statements, interim reports and related management's discussion and analyses (collectively, CD documents) of non-investment fund reporting issuers (the Proposed Access Model).

The Proposed Access Model would allow issuers to provide investors with electronic access to CD documents while maintaining investors' ability to request or provide standing instructions to receive CD documents in electronic or paper form. The Proposed Access Model does not contain updates on the proposal for the revisions to the actual forms of CD documents or frequency of filing thereof. The Proposed Access Model also does not extend to proxy-related materials or takeover bid and issuer bid circulars.