3 - Registration Requirements and Related Matters

Decision Information

MSC Notice 2020-19

Collection 3 - Registration Requirements and Related Matters
Date 2020-05-28
Decision type Local Notice
Jurisdiction Manitoba Securities Commission
Relations See also - Blanket Order 31-521 Temporary Exemption from Certain Financial Statement and Information Delivery Requirements for Registrants and Unregistered Capital Markets Participants - 2020-05-28 - Local Order

Decision Content

                                                  

                                                                                                           

 

 

MSC STAFF NOTICE 2020-19

 

Blanket Order 31-521 Temporary Exemption from Certain Financial Statement and Information Delivery Requirements for Registrants and Unregistered Capital Markets Participants

May 28, 2020

On March 23, 2020, The Manitoba Securities Commission issued Blanket Order 31-518 Temporary Exemption from Certain Financial Statement and Information Delivery Requirements for Registrants and Unregistered Capital Markets Participants in conjunction with other Canadian security regulators giving a temporary extension of time to make certain periodic filings as detailed in that order (the “Prior Relief’).

On May 28, 2020, the securities regulatory authorities in Alberta, British Columbia, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan and Yukon (the “Extending Jurisdictions”) published temporary blanket relief for registrants and unregistered capital markets participants from certain financial statement and information delivery requirements as a result of COVID-19 (the “Extended Relief”). The conditions of the relief are substantially the same as the Prior Relief, but the relief is only applicable to registrants and unregistered capital markets participants with periodic filings normally required to be made between June 2, 2020 and September 30, 2020.

Noting that no registrants for which the Commission is the principal regulator relied upon the Prior Relief, the Commission determined it would not join the Extending Jurisdictions in making an order covering the period between June 2, 2020 and September 30, 2020. Instead, we expect that any registrant for which we are principal regulator to contact us if they anticipate any difficulty meeting their periodic filing requirements.

For registrants whose principal regulator is one of the Extending Jurisdictions, and are relying on the Extended Relief, the Commission has issued Blanket Order 31-521Temporary Exemption from Certain Financial Statement and Information Delivery Requirements for Registrants and Unregistered Capital Markets Participants.  This will allow the registrant to make their required filing in Manitoba on the same date it is filed with their principal regulator.

Any questions can be referred to Chris Besko, Director and General Counsel at (204) 945-2561 or by email to chris.besko@gov.mb.ca

 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.