[Toronto, CANADA] – The Canadian Depository for Securities (CDS) entered a multi-year licensing agreement to provide Bloomberg LP with a direct electronic feed of SEDAR data and documents. This data incorporates all public documents filed with Canadian securities regulators by public companies and mutual funds.
Adopting SEDAR information is a feature of Bloomberg’s commitment to provide and distribute key financial information about the Canadian marketplace to Bloomberg users around the world, according to Frank Reid, Bloomberg’s regional business manager, Canadian and Caribbean Operations.
Dean Peloso, vice-president, e-Reg, CDS Inc. said, “This SEDAR data feed gives Bloomberg clients access to breaking information which is integral to their analysis of the Canadian economy and capital markets.”
SEDAR, the System for Electronic Document Analysis and Retrieval, was developed by the Canadian Securities Administrators, CDS Inc. and Canadian stock exchanges. Companies that issue publicly traded securities in Canada and Canadian mutual funds are required to use the SEDAR system to electronically submit to Canadian regulators their securities-related regulatory filing documents, including prospectus offerings, annual reports and news releases.
The public documents, once accepted by the regulators, will be accessible to Bloomberg’s worldwide information network.
CDS Inc. is a wholly owned subsidiary of The Canadian Depository for Securities Limited (CDS), Canada’s national securities clearing and depository organization. The Bloomberg service integrates data, news, analytics, and e-mail into a single platform.