Vancouver - The Canadian Securities Administrators (CSA) today published for comment proposed amended National Policy (NP) 11-201 Electronic Delivery of Documents (formerly Delivery of Documents by Electronic Means). The proposed amendments aim to simplify the existing policy and recognize changes to provincial and federal corporate legislation.

The amended NP11-201 is intended to:

  • alert stakeholders to changes in corporate legislation that impact the delivery of documents;
  • remove guidance on issues that are outside the scope of securities legislation, including guidance on obtaining shareholder consent, that may be addressed in other legislation; and
  • eliminate reference to particular technologies that are or may become obsolete.

"It is important that policies governing consent requirements are clear and that policies governing the receipt of electronic documents are up-to-date with regards to technology," said Bill Rice, Chair of the CSA and Chair and CEO of the Alberta Securities Commission. "The amendments proposed today will help to ensure that our policies are practical and understandable to all stakeholders."

The CSA is seeking comment from investors and industry on the proposed amendments. Please note that in Québec, the proposed NP 11-201 will replace Notice 11-201 related to the Delivery of Documents by Electronic Means. To comment, please refer to the CSA Notice and Request for Comment document on the proposed NP 11-201 amendments, which is available on the websites of various CSA members This link will open in a new window. The comment period is open until June 29, 2011.

The CSA, the council of the securities regulators of Canada's provinces and territories, coordinates and harmonizes regulation for the Canadian capital markets.

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For more information:

Richard Gilhooley
British Columbia Securities Commission

Mark Dickey
Alberta Securities

Sylvain Théberge
Autorité des marchés financiers

Carolyn Shaw-Rimmington
Commission des valeurs mobilières de l'Ontario

Ainsley Cunningham
Commission des valeurs mobilières
du Manitoba

Wendy Connors-Beckett
Commission des valeurs mobilières
du Nouveau-Brunswick

Natalie MacLellan
Nova Scotia Securities Commission

Jennifer Anderson
Saskatchewan Financial Services Commission

Janice Callbeck
PEI Securities Office
Office of the Attorney General

Doug Connolly
Financial Services Regulation Div.

Graham Lang
Registraire des valeurs mobilières

Louis Arki
Bureau des valeurs mobilières

Donn MacDougall
Bureau des valeurs mobilières
Territoires du Nord-Ouest