On May 11, 2023, Canadian Securities Administrators (CSA)
announced important exemptions from certain securities law filing
requirements in connection with the launch of the new System for
Electronic Data Analysis and Retrieval + (SEDAR+). The exemptions
generally allow issuers to delay securities law filings required to
be transmitted through SEDAR+ until after the Transition Period (as
defined below), and provide an alternative method for completing
urgent filings during the Transition Period. The exemptions do not
relieve issuers from the requirement to issue news releases or
deliver documents to securityholders during the Transition
Period.
Filing Exemptions
The CSA is preparing to roll out a new national filing and
information system, SEDAR+, which will replace, among other things,
the existing System for Electronic Data Analysis and Retrieval (Old
SEDAR). Old SEDAR will no longer be available as of 11 p.m. on June
8, 2023, and it is expected that SEDAR+
