The Canadian Securities Administrators (CSA) said Monday it is delaying the migration of its various online filing systems for a couple of months.
The CSA was planning to have CGI Information Systems and Management Consultants Inc. take over responsibility for hosting, operating and maintaining its various online filing systems — the System for Electronic Document Analysis and Retrieval (SEDAR), the System for Electronic Disclosure by Insiders (SEDI) and the National Registration Database (NRD) — on October 12, to coincide with the implementation of a new fee schedule. The CSA said Monday that the switchover will now take place on December 2.
The CSA did not provide a reason for the delay. It notes that the new fee schedule for SEDAR and the NRD will still be implemented on October 12, as previously announced.
The regulators also say that users of the SEDI and NRD systems do not need to do anything to prepare for the transition. However, SEDAR filers and filing agents will have to update the SEDAR desktop software to account for the new fees. Additionally, new SEDAR desktop software will be provided on Dec. 2, the CSA adds.