August 11, 2022

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Regulators take a step backward for investors in Canada:

“Under the proposal, known as access equals delivery (AED), rather than companies delivering investment-related information to #investors, the investors will have to figure out when the information is available and then retrieve it from SEDAR. This is a pretty big ask when so few of them even know about SEDAR.”
#investment #canada #securitiesregulation #financialliteracy #faircanada

FAIR Canada Advocacy Spotlight: Have you heard of SEDAR or know what it is? If not, you are not alone. According to A True North Canada investor survey, 82% of investors in Canada are not aware of SEDAR or do not use it. SEDAR stands for the System for Electronic Document Analysis and Retrieval. It is an online public database that companies and investments funds use to file different documents required by regulators. Even though few Canadians know about SEDAR, regulators are nonetheless proposing changes that assume the opposite. Under the proposal, known as “access equals delivery” (AED), rather than companies delivering investment-related information to #investors, the investors will have to figure out when the information is available and then retrieve it from SEDAR. This is a pretty big ask when so few of them even know about SEDAR. To make matters worse, SEDAR is being redeveloped to make it easier for public companies to use; however, little attention is being paid to make it easier for investors. Read more of our advocacy work on this issue:
https://lnkd.in/gqWhtPrX
 
#FAIRAdvocacySpotlight #SecuritiesRegulators

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