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 more information or to discuss your particular circumstances in respect to this transition, please contact:
Norbert Knutel +1-416-863-4013
David Bristow +1-416-863-5829
Jessie Dewdney +1-416-863-2299
or any other member of our Capital Markets, Corporate Governance or Investment Products & Asset Management groups.
Blakes and Blakes Business Class communications are intended for informational purposes only and do not constitute legal advice or an opinion on any issue. We would be pleased to provide additional details or advice about specific situations if desired.
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