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As promised, Canadian securities regulators are issuing temporary relief that gives various market participants a 45-day extension on their ordinary filing deadlines.

The Canadian Securities Administrators (CSA) published temporary blanket relief that provides issuers, investment funds, registered firms and other regulated entities an extra 45 days to make filings that would normally be required by June 1.

The measures are intended to provide firms with more time to meet their regulatory obligations, given the widespread disruptions caused by the Covid-19 outbreak.

The CSA said that the relief will be implemented with local blanket orders that are substantially harmonized across the country.

“The CSA is closely monitoring the situation and will consider whether further relief or extension is necessary,” it said.