IIAC SUPPORTS CSA EFFORTS TO MODERNIZE PROSPECTUS DELIVERY OPTIONS AND ENCOURAGES INCLUSION OF STRUCTURED NOTES
The IIAC submitted a response to the CSA’s proposed amendments to permit an Access Equals Delivery (AED) model for non-investment fund reporting issuers. While supportive of the AED model and the efficiencies realized by this modernized approach to document delivery, the IIAC recommended that the model be extended to include structured notes given the volume of notes issued and the material benefits to investor. The IIAC also recommended that the AED model not preclude alternative electronic delivery formats, if preferred by investors.
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