The Ontario Securities Commission is extending the filing deadlines for the National Registration Database because of problems with some of its data.

In a notice the OSC says, “Registrants have indicated to staff that in some cases the quality of the data converted from the commission’s internal registration system to NRD is poor. Staff very much regrets this and is attempting to relieve the burden this has placed on registrants in two ways.”

First, the OSC will extend some of the deadlines for the transition to the NRD. And, it will not take any action against firms or individuals that make late NRD submissions under several sections, as long as the filing is made on or before September 30.

The OSC says that its staff is also investigating whether registration categories and officer titles that have been loaded incorrectly to NRD can be reloaded properly without industry involvement. “Given this, registrants may want to focus on transition issues other than correcting these data conversion errors.”

“During the implementation of NRD, registrants may encounter situations that create undue burden and require exemptive relief. Staff recognizes this and will attempt to assist registrants when possible,” it says.