CSA Publishes For Comment Updates To Continuous Disclosure "Access Equals Delivery"

On November 19, 2024, the Canadian Securities Administrators (CSA) published for comment amendments to its proposed "access equals delivery" model (the AED Model) for continuous disclosure documents, which, if implemented, would allow most reporting issuers (other than investment funds) to satisfy the requirement to deliver annual financial statements, interim financial statements and related management's discussion and analysis to securityholders by (i) filing the applicable document on SEDAR+; (ii) on the same day, posting the document to their website; and (iii) issuing and filing a news release on SEDAR+, announcing that the disclosure document is accessible electronically, the availability of a notification function on SEDAR+ to alert investors to filings, a paper copy of the document may be obtained upon request, and any standing instructions regarding delivery of the applicable document in electronic or paper form will continue to be followed. This update