CSA Defers Launch of SEDAR+

Blake, Cassels & Graydon LLP
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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.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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