OSC To Require Mandatory Electronic Filing Of Documents

The  Ontario Securities Commission today announced the adoption of a rule that will make electronic filing mandatory for certain documents currently filed with the OSC in paper format. The rule, however, does not apply to documents already filed through SEDAR, SEDI or NRD.

While initially many of the documents will continue to be filed in an unstructured format such as PDF, the OSC intends to eventually migrate to web-based forms and structured data.

As we discussed in an earlier post, the OSC initially released a proposed version of the rule in April 2013, and the final version takes into account stakeholder comments.

Assuming Ministerial approval, the rule will come into effect on February 19, 2014. For more information, see OSC Rule 11-501.