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The CSA's New Electronic Access Model for Reporting Issuers is now in Effect

Effective today, Canadian non-investment fund reporting issuers can rely on a new optional access model to satisfy securities law delivery requirements for annual financial statements, interim financial reports and related MD&A by providing electronic access to those documents through SEDAR+.

The amendments are intended to modernize the delivery of continuous disclosure documents and reduce printing and mailing costs, while preserving investors' ability to receive paper or electronic copies on request.

For issuers considering adoption, the new regime is not simply a matter of filing documents on SEDAR+. It includes specific requirements relating to news releases, website posting, annual shareholder reminders and prescribed timelines that must be followed.

The new access model has the potential to streamline shareholder communications, but issuers will need to ensure they have processes in place to comply with the required notices, website postings and shareholder reminder obligations.

Read BD&P's full article on the changes here: Electronic Access for Continuous Disclosure Documents Coming to Canada in September | BD&P

Tags

CSA, Electronic Access Model, Canada, Securities Law, SEDAR, Disclosure documents