Sedar - Abbreviation for System for Electronic Document Analysis and Retrieval.
This is the system that most companies in Canada use to electronically file most security
reloated information. This started January 1st, 1997, and is now mandatory for “most reporting users in
Canada” (Background on Sedar).
1
What is SEDAR?
.
SEDAR is the System for Electronic Document Analysis
and Retrieval, the electronic filing system for the
disclosure documents of public companies and investment
funds across Canada.
2
Who files documents on SEDAR?
.
All Canadian public companies and investment funds are
generally required to file their documents in the SEDAR
system. In addition, some third parties who are involved
in public company transactions such as take-over bids or
proxy contests may be required to file.
3
What documents are included?
.
Most of the documents which are legally required to be
filed with the Canadian Securities Administrators and
many documents which may be filed with the Canadian
exchanges (market centres) are included in the SEDAR
system.
4
What is a SEDAR profile?
.
The SEDAR profile contains basic information about
public companies, investment funds and investment fund
groups, such as their addresses, contact information, stock
exchange listings.
5
What information is available on this Web site?
.
This Web site contains copies of all documents filed in the
SEDAR system that have become available to the public
as of the most recently completed business day, as well as
profiles of all SEDAR public company and investment
fund filers. Documents filed only with Canadian
exchanges are not available on the Web site.
6 When are documents filed on SEDAR publicly
. accessible?
When a public company or investment fund files
securities documents with the Canadian securities
regulatory authorities through SEDAR, the documents are
initially private and confidential. The securities
commissions then make the appropriate documents
publicly available after a review process. These
documents are made accessible to SEDAR Data Resellers,
and may appear within their systems, from the moment
they are made “public”. Continuous disclosure documents
such as news releases, financial statements, notice of
meeting date and annual reports do not require the
securities commissions' review and are immediately
available to SEDAR Data Resellers.
7 Why are there different data formats for filed
. documents?
In developing SEDAR, the Canadian Securities
Administrators tried to balance the needs of filers seeking
a way to efficiently file their documents on SEDAR
against the desire to make the documents easily available
to the public. When SEDAR was first initiated, CDS
determined that the three most common electronic
document formats used by filers were MS Word,
WordPerfect and PDF. The decision was made to adopt
these common formats as the standard for SEDAR filings.
With Release 6 of the SEDAR filing application in
September, 1999, PDF is now the only acceptable filing
format for filers' documents. Because documents filed
previous to this date remain in their original filing format,
some of the documents you retrieve are in MS Word or
WordPerfect.
9
Who is responsible for management of SEDAR?
.
CDS INC., a subsidiary of the Canadian Depository for
Securities Limited, manages the SEDAR system on behalf
of the CSA. CDS is responsible for the development of
this Web site.