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ARTICLE · 04 DECEMBER 2024

CSA Proposal To Implement 'Access Model' For Continuous Disclosure Documents Of Non-Investment Fund Reporting Issuers

Wildeboer Dellelce LLP
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On November 19, 2024, the Canadian Securities Administrators (the "CSA") announced that they are seeking feedback on proposed amendments to certain national instruments and their related companion.

CanadaFinance and Banking
Michael Rennie
Michael Rennie
Natalie Tershakowec
Natalie Tershakowec
Ella Rowley
Ella Rowley

On November 19, 2024, the Canadian Securities Administrators (the "CSA") announced that they are seeking feedback on proposed amendments to certain national instruments and their related companion policies (collectively, the "Proposed Amendments") to implement an "access model" for annual and interim financial statements and related management's discussion and analysis ("MD&A") of non-investment fund reporting issuers (the "Access Model").

The Proposed Amendments follow the CSA's previous attempt at modernizing investor communications earlier this year when the CSA introduced an "access equals delivery" model for prospectuses of non-investment fund reporting issuers, which provides reporting issuers and dealers with the option to satisfy delivery requirements of prospectuses through public electronic access rather than physical paper delivery. More information on the "access equals delivery" amendments can be found here.

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