Citing the importance of exempt distribution reports to the OSC, the guidance provides a summary of requirements, including in respect of the form of report (reminding issuers of upcoming changes to electronic filing requirements), deadlines, and recent changes to filing fees and late filing fees.
Of particular interest, the OSC states that a report in paper form is considered filed, and a payment is considered made, when the form or payment is received at the OSC's office. A report that uses an e-form is considered filed when the e-form has been successfully submitted online to the OSC. Meanwhile, where a deadline for filing a report falls on a weekend or other day when the OSC is not open, the deadline is the next day the OSC is open.
For more information, see OSC Staff Notice 45-713.