The Canadian Securities Administrators today published a revised notice for issuers seeking exemptive relief from the process required to cease being a reporting issuer.

A CSA staff notice was first published in September 2003. At that time, regulators adopted a revised procedure for requests for exemptive relief under the securities legislation in which the applicant is seeking a decision that it cease to be a reporting issuer.

Today’s revised procedure is designed to simplify the process, in certain routine circumstances, for a reporting issuer submitting an application that it cease to be a reporting issuer.

If an applicant requesting relief to cease to be a reporting issuer does not meet the requirements of the staff notice, the applicant may submit an application under the standard procedure.