CSA Staff Notice 55-316 Questions and Answers on Insider Reporting and SEDI
3 Issuer Information
3.3 Issuer Event Report
Section 3.3.7

What If I Do Not File This Report?

You are in breach of your obligations under securities legislation as a SEDI issuer. In addition, your insiders may not be able to file accurate reports reflecting changes in their securities or related financial instrument holdings arising as a result of the issuer event.