The Canadian Securities Administrators are reminding issuers that they are required to register and provide information related to their outstanding securities using the System for Electronic Disclosure by Insiders (SEDI) in the period between May 5 and May 30.

The SEDI requirement covers reporting issuers, other than mutual funds, that file disclosure documents in electronic format through SEDAR — essentially all Canadian public companies.

The CSA say all SEDI issuers should ensure that they have filed or updated their SEDAR profile, and must file an accurate and complete SEDI issuer profile supplement on or before May 30. Any firm that becomes a reporting issuer on or after May 30, will have three business days to file its SEDI issuer profile supplement.

As of June 9, insider trade reports to all Canadian securities jurisdictions will be made via SEDI, eliminating paper-based reporting systems for virtually all insider trades.

The filing requirements are listed in National Instrument 55-102 – The System for Electronic Disclosure by Insiders (SEDI) and in the Canadian Securities Administrators’ Staff Notice 55-309 Launch of the System for Electronic Disclosure by Insiders (SEDI) and Other Insider Reporting Matters.

The SEDI User Guide is available at www.csa-acvm.ca.