The Canadian Securities Administrators today provided an update on the implementation of MI 13-102, which consolidates system fees payable to regulatory authorities, as well as the upcoming transition of SEDAR, SEDI and NRD from CDS to CGI Information and Management Consultants.
While the consolidation of system fees will still be implemented on October 12, 2013 as planned, the transfer of responsibility for the CSA national systems has been delayed until December 2, 2013. As Ontario is not delaying the effective date of the actual regulations, the OSC is requesting that market participants continue to treat CDS Inc. as the SEDAR filing service contractor, SEDI operator and NRD administrator until December 2, 2013.
For more information, see CSA Staff Notice 13-320.
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.
