CALGARY - September 28, 2017 – The Alberta Securities Commission (ASC) today published, for a 30-day comment period, a proposed revised rule to replace the current ASC Rule 71-801 Implementing the Multijurisdictional Disclosure System under National Instrument 71-101.
No changes to the substance of the northbound multijurisdictional disclosure system (MJDS) are proposed. Similar to the current rule, the revised rule provides relief from various requirements of Alberta securities laws in respect of northbound MJDS issuers, but with updated references to current provisions of Alberta securities law. In addition, the proposed revised rule includes three exemptions to better align the requirements of Alberta securities laws with the southbound multijurisdictional system.
A copy of the ASC Notice Proposed Repeal and Replacement of Alberta Securities Commission Rule 71-801 Implementing the Multijurisdictional Disclosure System can be found on the ASC website at albertasecurities.com.
The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted to foster a fair and efficient capital market in Alberta and to protect investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.
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