CSA Staff Notice 13-320
Regarding Implementation of
Multilateral Instrument 13-102 System Fees for SEDAR and NRD
and
Related Consequential Amendments to CSA National Systems Rules
October 8, 2013
This notice provides an update on the transition of the operation of SEDAR, SEDI and NRD (the
CSA National Systems) from CDS INC. to CGI Information Systems and Management
Consultants Inc. (CGI) and the implementation of Multilateral Instrument 13-102 System Fees
for SEDAR and NRD (MI 13-102) and related amendments to:
•
National Instrument 13-101 System for Electronic Document Analysis and Retrieval
(SEDAR) (NI 13-101),
•
National Instrument 31-102 National Registration Database (NI 31-102), and
•
National Instrument 55-102 System for Electronic Disclosure by Insiders (SEDI) (NI 55-
102),
(the Related Consequential Amendments).
In April the Canadian Securities Administrators (CSA) announced that a new service agreement
had been signed with CGI pursuant to which CGI will assume responsibility for hosting,
operating and maintaining the CSA National Systems when the agreements with the current
service provider expire. CSA staff previously announced that CGI would assume responsibility
for SEDAR, SEDI and NRD related services on October 12, 2013. This implementation cutover
has now been rescheduled to December 2, 2013.
The system fees that are described in MI 13-102 will still be implemented on October 12.
However, the CSA will delay implementing the Related Consequential Amendments until
December 2. CSA members, other than the Ontario Securities Commission (OSC), have either
amended the effective date of the Related Consequential Amendments to December 2, 2013 or
intend to issue blanket orders to delay the effective date of the Related Consequential
Amendments.
While the OSC cannot delay the effective date of the amendments, OSC staff request that, until
December 2, 2013, Ontario market participants continue to treat CDS INC. as the SEDAR filing
service contractor under NI 13-101, the SEDI operator under NI 55-102 and the NRD
administrator under NI 31-102 and OSC Rule 31-509 National Registration Database
(Commodity Futures Act), as if the Related Consequential Amendments were not in force.
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Questions
Please refer your questions to any of the following:
Autorité des marchés financiers
Mathieu Laberge
Legal Counsel
Legal Affairs
514-395-0337 ext.2537
1-877-525-0337 ext. 2537
mathieu.laberge@lautorite.qc.ca
Alberta Securities Commission
Samir Sabharwal
Associate General Counsel
403-297-7389
samir.sabharwal@asc.ca
British Columbia Securities Commission
David M. Thompson
General Counsel
604-899-6537
dthompson@bcsc.bc.ca
Manitoba Securities Commission
Chris Besko
Legal Counsel – Deputy Director
204-945-2561
Chris.Besko@gov.mb.ca
Ontario Securities Commission
Robert Galea
Legal Counsel
General Counsel’s Office
416-593-2321
rgalea@osc.gov.on.ca
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You are being directed to the most recent version of the statute which may not be the version considered at the time of the judgment.