CSA Provides Update On Upcoming Transition To SEDAR+

In a notice published on July 17, 2023, the Canadian Securities Administrators (CSA) announced the publication of exemptions from certain filing requirements on the System for Electronic Data Analysis and Retrieval + (SEDAR+) during a period of transition to SEDAR+. Every member of the CSA is implementing a local blanket order (collectively, Blanket Order) that will exempt a person or company from filing or delivering certain documents through SEDAR+ during the transition period.

Transition to SEDAR+ and the Blanket Order

The first phase of SEDAR+ replaces, among other things, the existing filing system known as System for Electronic Document Analysis and Retrieval (SEDAR). SEDAR will no longer be available for filing as of 11 p.m. ET on July 20, 2023. However, the CSA has announced that there will be a period of time (Cutover Period) when SEDAR+ will also not be available. The Cutover Period creates the need for the Blanket Order.