System for Electronic Document Analysis and Retrieval
The System for Electronic Document Analysis and Retrieval (SEDAR) is a Canadian mandatory document filing and retrieval system for all Canadian public companies. It is in general similar to EDGAR, the filing system of a similar nature operated by the Securities and Exchange Commission of the United States of America, for all United States public companies. SEDAR is operated by the Canadian Securities Administrators, a coordinating body comprising the 13 Canadian provincial and territorial securities commissions.
The SEDAR database contains hundreds of thousands of submissions in Adobe Acrobat format by public companies, and searches of the database can be made by company name, industry group, document type or date. SEDAR is very unfriendly to users since documents are not accessible by title or report name but only by date filed and size of the document and the general nature of the document.
Through SEDAR registered filing agents, public companies file documents such as prospectuses, financial statements and material change reports with the regulatory authorities, and these documents are accessible by the public to further the goal of transparency and full disclosure. Documents filed with regulators prior to the implementation of SEDAR in 1997 may be in part available from the individual provincial or territorial securities commissions, but in the case of British Columbia Securities Commission the historical filings are apparently not retrievable and may have been destroyed.