55-102CP - System for Electronic Disclosure by Insiders (SEDI) [CP Advance Notice - Lapsed]
- BCN 2005/39 - Advance Notice of Amendments to Companion Policy 55-102CP System for Electronic Disclosure by Insiders [BCN - Lapsed]
Amendments to Companion Policy 55-102CP
to National Instrument 55-102
System for Electronic Disclosure by Insiders
Part 1 - Amendments
1.1 Part 4 of Companion Policy 55-102CP to National Instrument 55-102 System for Electronic Disclosure by Insiders (SEDI) is deleted and replaced with the following:
“PART 4 - DATE OF FILING AND USER REGISTRATION
4.1 The securities regulatory authority takes the view that information filed in SEDI format is, for purposes of securities legislation, filed on the day that the transmission of the information to the SEDI server is completed. Once SEDI receives that information, the system will allow the SEDI user to print a copy of the filed information showing the date and time SEDI received it.
4.2 Subsection 2.5(1) of the National Instrument permits an individual who is a SEDI filer, a filing agent, or an authorized representative of a SEDI filer or filing agent to use SEDI to make SEDI filings. Subsection 2.5(2) of the National Instrument requires such an individual to register before using SEDI to make a SEDI filing. To do so, the individual must complete, and submit, an online user registration form, and must deliver a signed paper copy of the completed user registration form to the SEDI operator, for verification. Until an individual has completed registration as a SEDI user in accordance with subsection 2.5(2) of the National Instrument, the individual cannot use SEDI to make filings.
The SEDI operator will promptly process the signed paper copies of the registration form that it receives for verification. If there is a problem with the verification process, the SEDI operator or the securities regulatory authority, depending on the problem, will work with the registering individual to try to resolve it.”
Part 2 - Effective Date
2.1 These amendments come into effect on August 20, 2005.