What is SEDAR?
The System for Electronic Document Analysis and Retrieval (SEDAR) is Canada’s electronic filing system for disclosures by public companies and investment funds. This system allows regulated company and securities information to be consistently collected, shared and filed with the 13 provincial and territorial securities regulatory authorities (the Canadian Securities Administrators, or CSA) in the SEDAR filing system.
Public company and investment fund profiles are available to investors and others on the SEDAR website: www.sedar.com. Online SEDAR profiles include information that most public companies, investment funds and investment fund groups are required to make public in Canada, including addresses, contact information and stock exchange listing.
However, not all SEDAR filings are automatically made public. Some documents filed only with Canadian exchanges are not publicly available. When a prospectus is filed through SEDAR, it’s reviewed by securities regulatory authorities who then make the appropriate documents available via the SEDAR Data Distribution Service.
Some documents don’t require review and are immediately distributed via the SEDAR Data Distribution Service—particularly continuous disclosure documents such as annual reports, financial statements and news releases. No matter whether SEDAR filings are scrutinized by investors or Canadian regulators first, they must be exact, accurate and on time.