Effective September 30, 2019, the British Columbia Securities Commission (BCSC) adopted amendments which now require investment fund issuers to file annual reports of exempt distributions online through the BCSC eServices system, as opposed to submitting the annual reports in paper format as was previously required.
In anticipation of the next upcoming filing deadline on January 30, 2020, non-reporting investment fund issuers will need to create a profile in the BCSC eServices system prior to filing an initial annual report of exempt distribution in British Columbia.
The applicable filing fees for the reports of exempt distributions are typically paid through the BCSC eServices system at the time the filing is made, however, investment fund issuers that are submitting annual reports of exempt distributions may continue to submit the filing fees by cheque to the BCSC at the time the filing is made.
For further information in connection with the above, please see BCN2019/02 – Amendments to BC Instrument 13-502 Electronic filing of reports of exempt distribution related to filing annual reports of exempt distribution in eServices.