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ARTICLE · 25 MAY 2020

CSA Provides Additional Temporary Relief For Issuers Due To COVID-19

The Canadian Securities Administrator (CSA) announced additional temporary relief for non-investment fund issuers from certain regulatory filings.

CanadaCorporate/Commercial Law

On Wednesday, May 20, 2020, the Canadian Securities Administrator (CSA) announced additional temporary relief for non-investment fund issuers from certain regulatory filings to be made on or between June 2, 2020 and August 31, 2020 as a result of the COVID-19 outbreak (the May Relief) through blanket orders in each of the provinces and territories which are substantially harmonized throughout the country (collectively, the May Blanket Orders). The relief is substantially similar to the temporary relief announced by the CSA on March 23, 2020 (the March Relief) in relation to filings to be made on or between March 23, 2020 and June 1, 2020.

An issuer who relied on the March Relief to extend one or more of its periodic filings normally required to be made on or between March 23, 2020 and June 1, 2020 cannot rely on the May Relief as a further extension for those already extended deadlines under the March Relief. Issuers are reminded that the May Relief is

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