Refreshed And Refocused: Rules Introduced To Support SEDAR+

With SEDAR+ set to replace SEDAR on June 13, 2023, the Canadian Securities Administrators (CSA) published two advance notices for the adoption of certain rules which will serve to support the transition. The first notice pertains to the CSA's repeal and replacement of Multilateral Instrument 13-102 System Fees for SEDAR and NRD (MI 13-102) with the new instrument: Multilateral Instrument 13-102 System Fees. The second notice pertains to the CSA's adoption of National Instrument 13-103 System for Electronic Data Analysis and Retrieval + (SEDAR+) (NI 13-103) and accompanying companion policy (collectively, the Amendments).

The repeal and replacement of MI 13-102 is based on the CSA's commitment of making SEDAR+ a more cost-effective filing system, and as such the revised MI 13-102 and the methodology of calculating system fees is established on a projected cost-recovery basis (i.e., the cost to operate SEDAR+) and to support future developments and enhancements. As