On June 1, 2023, the Canadian Securities Administrators (CSA)
announced the
deferred launch of the new System for Electronic Data Analysis
and Retrieval+ (SEDAR+). SEDAR+ had a planned launch date of June
13, 2023. The CSA now intends to launch SEDAR+ on July 25, 2023,
with a contingency date of September 12, 2023.
All filers are required to continue using SEDAR and other existing
systems until SEDAR+ goes live. However, the flat-fee model announced by the CSA on March
23 will still come into effect on June 9. It will apply to all
SEDAR and National Registration Database filings. Until SEDAR+ is
live, filing organizations must use the new flat-fee model and
manually input their fees in SEDAR.
Despite the delay in the launch of SEDAR+, the pre-launch
onboarding window will remain closed. Filers who previously
completed onboarding will have access to SEDAR+ once launched. All
other filers will be able to register for SEDAR+ following the
launch.
The CSA expects to confirm the SEDAR+ launch date by the end of
June.
For permission to reprint articles, please contact the Blakes Marketing Department.
© 2020 Blake, Cassels & Graydon LLP.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.