On April 16, 2020 the Canadian Securities Administrators (CSA) published an update to CSA Staff Notice 51-360 “Frequently asked questions regarding filing extension relief granted by way of a blanket order in response to COVID-19” (CSA Staff Notice) which was first published on April 3, 2020. The CSA Staff Notice provided answers to frequently asked questions regarding the harmonized temporary exemptions from certain regulatory filing requirements as a result of COVID-19 which were published on March 23, 2020.
The CSA has implemented the relief through local blanket orders that are substantively harmonized across the country. The CSA Staff Notice contains CSA staff’s views on frequently asked questions (FAQs) about the exemptions from certain corporate finance requirements provided by the CSA that apply to reporting issuers and other issuers that are not investment funds in blanket orders including in Ontario “Instrument 51-502 Temporary Exemption from Certain Corporate Finance Requirements.
For more details please see: https://www.bcsc.bc.ca/51-360_%5BCSA_Staff_Notice%5D_04162020/
For more information, please call Barbara Hendrickson at BAX Securities Law (647) 403 – 4606.
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