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Alberta MJDS Changes Would Cut Paperwork on Southbound Offerings

  • Securities - ASC Image

Sep 28, 2017

On September 28, 2017, the Alberta Securities Commission (ASC) proposed to repeal and replace existing ASC Rule 71-801 "Implementing the Multijurisdictional Disclosure System" in an effort to update outdated references and better align the requirements of Alberta securities law with the southbound multijurisdictional disclosure system (MJDS).

The proposal for a new ASC Rule 71-801 follows comparable initiatives by the British Columbia and Ontario commissions.

The proposed changes would not affect the core principles of the MJDS, which are set out in a separate instrument (National Instrument 71-101 The Multijurisdictional Disclosure System). Instead, its impact is limited to the provincial framework that surrounds and implements NI 71-101 in Alberta.

Review the proposal for a new ASC Rule 71-801 on the ASC's website and an article on Stikeman Elliott LLP's website.

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