CIRI Comments on Proposed National Systems Renewal Program Rule and Related Amendments

CIRI made a submission to the CSA on the Proposed National Systems Renewal Program Rule and Related Amendments and Proposed Repeal and Replacement of Multilateral Instrument 13-102 System Fees for SEDAR and NRD.

We supported the proposed replacement of SEDAR with a Renewed System and the simplified fee structure. We did not comment on the specific changes to the fee structure as it is currently not clear how these revisions will impact our various members.

We did take the opportunity to raise the issue of subscribers potentially receiving access to regulatory filings before the general public. We encouraged the CSA to review this when implementing the Renewed System so that all individuals have simultaneous access to filings, allowing for fair and efficient capital markets.

To view the complete submission, click here.
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