SEDAR SUBSCRIBER UPDATE
SEDAR Filing Service ChargesAppendix D of the SEDAR filer Manual provides details of the Filing Service Charges to be levied by CDS for subscriber usage of a number of SEDAR functions. As per our SEDAR Subscriber Update of May 28, 1997, CDS began to charge for use of the following services:
Search Public Filings:
Payment of Subscriber Service ChargesUnpaid subscriber service charges have been a growing concern of both CDS INC. and the Canadian Securities Administrators. A number of subscribers incurred service charges between June and November, 1997, as well as subscription fees up to mid February, 1998 that are still unpaid. To address this problem, a letter (dated March 31, 1998) was sent to subscribers with overdue payments, informing them that payment must be received by CDS INC. in order to deliver the new SEDAR Release 4.0 software packages and related information materials. As indicated in the most recent subscriber update, dated March 31, 1998, the new release of SEDAR is planned to be launched on Monday, April 27, 1998.
In order to ensure of a smooth transition to release 4.0, CDS INC. urges
all subscribers with outstanding charges to please send full payment on
any overdue charges.
Helpful Hints - Deleted ProfilesFiler profiles can be deleted from the SEDAR system on the request of an issuer. If a filer profile is not used in a filing and the continuous disclosure fee remains unpaid for over 90 days of its invoice date, CDS INC. automatically deletes the profile.
Recently, some subscribers encountered problems when they tried to submit an electronic filing by using profiles which were removed from the SEDAR server. Error messages were sent back to those subscribers indicating that the submission failed.
In order to avoid being haunted by deleted profiles please do the following:
For technical support please call the SEDAR Helpdesk at 1-800-219-5381.
For non-technical support please contact your Customer Support Representative.
CDS Appoints New General Managers
April 3, 1998
Allan Cooper, President and CEO of the Canadian Depository for Securities Limited, announced today the appointments of Dean Peloso, General Manager, SEDAR, effective May 4, 1998, and Bill Carrigan, General Manager, Business Development.
Dean Peloso joins CDS from the Toronto Stock Exchange, where he held the position of Director, Listed Company Reporting. Dean was also the Market Centre Coordinator for SEDAR, and played a major role in coordinating the integration of stock exchanges into SEDAR. Prior to joining the TSE, Dean held a number of progressively responsible management positions over an 11 year period with Bell Canada and its subsidiaries. In his new position, Dean will oversee the day-to-day operations of SEDAR, the national securities document filing and dissemination systems for publicly held companies and mutual funds in all Canadian jurisdictions.
In his new position at CDS, Bill will be responsible for the development of new business services, including the expansion of SEDAR-related business opportunities. As well, Bill will manage the development of new and improved depository and clearing services.
The Canadian Depository for Securities is Canada's national securities'
depository and clearing organization, dedicated to providing efficient,
secure facilities to support and advance Canadians' ability to compete
in domestic and global capital markets. CDS INC., a wholly-owned
subsidiary of CDS, operates the SEDAR system in agreement with the Canadian
Contact: Eric Pelletier,