Canadian securities regulators defer launch of new SEDAR+ filing system
Jun 01, 2023
On June 1, 2023, the Canadian Securities Administrators (CSA) issued an update about SEDAR+, the new system that will be used by all market participants to file, disclose and search for issuer information in Canada’s capital markets, which had a planned launch date of June 13, 2023. The CSA now intends to launch SEDAR+ on July 25, 2023, with a contingency date in September.
The CSA assured that the SEDAR+ system itself is functioning well. However, the process of assuring quality migration of large volumes of data from multiple legacy systems is taking longer than planned. The SEDAR+ project leadership team has added an additional six weeks to the project timeline to ensure that the data migration meets the CSA’s strict quality control standards.
If work on the data migration is not complete in time for the July launch, the CSA has also set September 12, 2023, as a contingency date. To assist filing organizations with planning for SEDAR+, the CSA will confirm the SEDAR+ go-live date by the end of June.
Until SEDAR+ goes live, all capital market participants are required to continue using SEDAR and the other systems in current use.
Review news release on CSA's website.