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.
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.
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. For insider reports, please refer to www.sedi.ca. A complete list of all documents which are included is contained in the SEDAR Filer Manual. Click here to learn more about the SEDAR Filer Manual.
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.
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.
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. For information on SEDAR data resellers, click here.
When are the documents made available on this Web site?
When a public company or investment fund files securities documents with the Canadian securities regulatory authorities through SEDAR, the documents initially have a status of "private". The securities commissions then make the appropriate documents publicly available after a review process. These public documents will be accessible on this Web site the following day. 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 available on the Web site the next day. For example, a news release filed through SEDAR on a Friday will be accessible on the Web site as of the Saturday. Updates to a company's profile also appear on the SEDAR Web site the following day (see FAQ no. 13).
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.
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.
How can I become a SEDAR filer?
To become a SEDAR Filer, click here, or contact the SEDAR help desk at 1-800-219-5381 1-800-219-5381 .
How can I become a SEDAR data republisher or reseller?
If you would like to republish or resell SEDAR data, contact CDS Innovations.
What are the current CDS filing fees?
CDS charges an annual continuous disclosure fee to each issuer. This fee is paid by a reporting issuer upon receipt of a pro-rated invoice issued by CDS following the filing of its initial filer profile and in each subsequent calendar year, by electronic payment at the time the issuer's annual financial statements are filed with the securities commissions. All issuers are subject to GST and some provincial taxes may also apply (QST or HST). The filing fees charged are determined by issuer type:
Single Jurisdiction Issuers
Multi Jurisdiction Issuer
Investment Fund Issuers
In addition to the annual continuous disclosure fee, certain filings made with the securities commissions are also subject to CDS fees. Click here for a complete listing.
How do I update my company profile?
Your company's profile is stored on the SEDAR filing application server and can be accessed by any company that has purchased the SEDAR software. If your company subscribes to the SEDAR software, you can modify your profile using the Update function in the Profile Management module. If your company utilizes a SEDAR filing agent to undertake your SEDAR filings to the securities commissions, please advise your agent to make the necessary changes to the profile. The updates made to the profile appear on the SEDAR Web site the following day.
For example, a profile update made through SEDAR on a Friday will appear on the Web site as of the Saturday.