Important Reminder: Follow Up Re SEDAR+ Profile Updates

• Published date: 04 April 2024
• Subject Matter: Finance and Banking, Strategy, Debt Capital Markets, Financial Services, Technology
• Law Firm: Borden Ladner Gervais LLP
• Author: AUM Law

In our February bulletin, we wrote about the importance of updating your SEDAR+ profile if the information contained in the profile is inaccurate. Generally, information must be updated no later than 10 days after the date on which the transmitter knew, or reasonably should have known, that the information contained in the profile is inaccurate (or earlier, in certain circumstances). We noted that keeping the profiles up to date are not only a regulatory requirement but helps to ensure that regulators have the right information for fee calculation purposes.

We are aware that some issuers have been contacted by securities regulatory authorities with respect to the chosen category and type of investment funds on their SEDAR+ profile. It was noted that the selection of "other" should not be chosen unless there is no other suitable selection. In Alberta, the...