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Relief extension: securities regulators extend blanket relief for registrants

Canada Publication June 4, 2020 - 12 PM ET

The securities regulatory authorities in Alberta, British Columbia, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan and Yukon recently published temporary blanket relief providing automatic extensions from certain financial statement and information delivery requirements (the Relief).

The Relief provides a 60-day extension for periodic filings normally required to be made between June 2, 2020, and September 30, 2020, to certain market participants, including registered dealers, registered advisers and registered investment fund managers. 

The Relief essentially extends the previously issued temporary blanket relief that applied to obligations falling during the period between March 23, 2020, and June 1, 2020 (the Previous Relief). Registrants that have already relied on the Previous Relief to extend an applicable deadline for any financial statement or information delivery requirements occurring on or before June 1, 2020, may not rely on the Relief to further extend that deadline. The conditions of the Relief are substantially the same as those applicable to the Previous Relief. 

Quebec and Manitoba have separately issued temporary blanket relief from certain financial statement and information delivery requirements for registrants in those jurisdictions.

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