When SEDAR+ goes live on July 25, it will replace SEDAR, the Cease Trade Order (CTO) database, the Disciplined List (DL), reporting issuer lists from all jurisdictions and local Report of Exempt Distribution (RED) filing systems. The process of retiring these systems and launching SEDAR+ is complex, and the CSA has designed a plan for a direct cutover that will minimize disruption to capital markets.
Here are four things you need to know about the SEDAR+ cutover and launch:
1. The cutover process is expected to take four days.
To accommodate the transfer of system data, there will be a brief period (the cutover period) during which neither SEDAR nor SEDAR+ will be available for filing.
The SEDAR+ cutover period will run over a four-day weekend. SEDAR will no longer be available for filings as of 11 p.m. ET on July 20, 2023. We anticipate that SEDAR+ will be available for filing at 7 a.m. ET on July 25, 2023.
The CTO database and corresponding email alerts will continue to operate during the cutover period. However, the DL will be offline, and no email alerts will occur during cutover. Contact your local regulator about specific disciplinary actions of interest.
2. SEDAR will be retired.
SEDAR will no longer be available for filings as of 11 p.m. ET on July 20, 2023. Locally installed SEDAR applications will no longer connect to the SEDAR database.
SEDAR.com will be available until the end of the cutover period, however it will only have the data that was there when SEDAR filing went offline. Filing organizations should keep SEDAR installed until instructed otherwise.
3. Public information will be available to everyone on July 25. A SEDAR+ account is needed to submit filings and manage profiles.
The public portion of SEDAR+ will be available to all when it launches on July 25. This includes Cease Trade Orders, disciplinary actions and reporting issuer lists from each jurisdiction.
To file or manage profiles in SEDAR+, organizations must complete a series of steps to gain access to the system. Filing agents that submit documents on behalf of clients must also have authority to file against their issuer(s) profiles.
Visit the Filing access and authority section of the SEDAR+ information site for detailed information.
4. CTO and DL alert subscribers must set up a new subscription
CTO and DL alert subscribers must sign-up for the new subscription on the SEDAR+ homepage after the system launches. You’ll have the option of subscribing to either CTO alerts or DL alerts or both.
SEDAR+ will be a single point of access to all issuer filings, have better search functionality and provide an integrated view of issuer information.
If you’d like to dig deeper into our plans for the SEDAR+ cutover and launch, please check out the following resources:
- SEDAR+ information site – a great place to start, the SEDAR+ section of the CSA website is regularly updated with instructions for filing access and authority, recordings of learning events, guides and resources, launch updates, frequently asked questions and other helpful information.
- SEDAR+ Help Centre – this is where you’ll find articles and instructions about the system’s specific features and functionality.
- SEDAR+ Learning Centre – this is where you’ll find step-by-step videos that can be searched by user type, topic and/or keywords.
July 2023 – Information provided is accurate at time of publication.