Earlier today we published proposed amendments and changes that introduce a new electronic access model for annual financial statements, interim financial reports and related management’s discussion & analysis (collectively, CD documents) of corporate issuers (i.e., non-investment fund reporting issuers). As we consider these to be material changes, we republished the Proposed Access Model for a further 90-day comment period that will end on February 17, 2025.

These proposals are part of our continued efforts to enhance efficiency and investors’ awareness of the availability of CD documents and how they can be accessed electronically without limiting their ability to receive CD documents in the form they prefer. Investors will have the option to access CD documents electronically on SEDAR+ or can choose to receive copies of the documents in electronic or paper format.

The proposals introduce disclosure requirements on the SEDAR+ notification functionality, which was developed to allow investors to sign up to receive email notifications that CD documents are available, with a direct link to the document, when a chosen issuer files CD documents.

Ultimately, the Proposed Access Model recognizes information technology as an important tool for improving timely communication with investors and aims to modernize the way documents are made available to investors, while promoting a more environmentally friendly manner of communicating information to investors with SEDAR+ by reducing the need for paper.

To read more about the CSA’s Proposed Access Model click here.