The Canadian Securities Administrators (“CSA”) have released a few updates this summer regarding National Instrument 93-101 Derivatives: Business Conduct and its companion policy (collectively, the “Business Conduct Rule”)....more
The Canadian Securities Administrators (“CSA”) recently published proposed amendments to National Instrument 81-102 Investment Funds (“NI 81-102”) and changes to its companion policy (the “Proposed Amendments”) relating to...more
This fall, the Canadian Securities Administrators (“CSA”) released CSA Staff Notice 21-333 Crypto Asset Trading Platforms: Terms and Conditions for Trading Value-referenced Crypto Assets with Clients (the “Staff Notice”) to...more
I INTRODUCTION TO THE LEGAL AND REGULATORY FRAMEWORK -
Canada currently has no comprehensive framework governing the regulation of digital assets. Securities and derivatives regulation has emerged as the main regulatory...more
This summer, the Canadian Securities Administrators (“CSA”) published CSA Staff Notice 81-336 Guidance on Crypto Asset Investment Funds that are Reporting Issuers (the “Notice”) concerning funds that seek to invest in crypto...more
9/25/2023
/ Canada ,
Canadian Securities Administration ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Financial Services Industry ,
Investment Funds ,
Investment Opportunities ,
New Guidance ,
OSFI ,
Securities Regulation
The Canadian Securities Administrators (CSA) recently released their 2022 Annual Activities Report (Report) summarizing their key oversight activities and assessments of self-regulatory organizations (SROs) and investor...more
On February 22, 2023, the Canadian Securities Administrators (CSA) published CSA Staff Notice 21-332 Crypto Asset Trading Platforms: Pre-Registration Undertakings – Changes to Enhance Canadian Investor Protection (the Staff...more
Amendments to swap data reporting rules are expected to be implemented by the Commodity Futures Trading Commission (CFTC) in December 2022. The Canadian Securities Administrators (CSA) have issued guidance to market...more
11/28/2022
/ Canada ,
Canadian Securities Administration ,
CFTC ,
Committee on Payments and Market Infrastructure (CPMI) ,
Derivatives ,
Financial Markets ,
IOSCO ,
Market Participants ,
Regulatory Reform ,
Regulatory Requirements ,
Reporting Requirements ,
Swaps
I -
INTRODUCTION TO THE LEGAL AND REGULATORY FRAMEWORK -
Canada currently has no comprehensive framework governing the regulation of digital assets. Securities regulation has emerged as the main regulatory instrument in...more
Government attitude and definition -
As in many countries, the regulation of cryptocurrencies in Canada is divided among various levels of government and administrative agencies, depending on the nature of the activity...more
11/2/2022
/ Bitcoin Mining ,
Blockchain ,
Canada ,
Canadian Securities Administration ,
Corporate Counsel ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
EFTs ,
Money Services Business ,
New Guidance ,
Popular
On October 12, 2022, Coinsquare Capital Markets Ltd. (CCML) was approved as a member of the Investment Industry Regulatory Organization of Canada (IIROC), the Canadian SRO for investment dealers. This is the first...more
Proposed amendments are intended to reduce regulatory burden by aligning over-the-counter (OTC) derivatives data reporting requirements with international standards developed by the Committee on Payments and Market...more
7/5/2022
/ Canada ,
Canadian Securities Administration ,
CFTC ,
Committee on Payments and Market Infrastructure (CPMI) ,
Derivatives ,
Financial Instruments ,
Financial Markets ,
International Harmonization ,
IOSCO ,
Over The Counter Derivatives (OTC) ,
Proposed Amendments ,
Regulatory Agenda ,
Regulatory Burden ,
Regulatory Reform ,
Reporting Requirements
Canadian Securities Administrators (CSA) issue a request for comments on draft documents related to the proposed amalgamation of the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers...more
6/7/2022
/ Canada ,
Canadian Securities Administration ,
Capital Markets ,
Comment Period ,
IIROC ,
Investor Protection ,
Mutual Funds ,
Regulatory Agenda ,
Regulatory Reform ,
Securities Regulation ,
Self-Regulatory Organizations
Final amendments to National Instrument 33-109 Registration Information (NI 33-109) and related instruments (the Final Amendments) clarify outside activity reporting requirements, among other things. The Ontario Securities...more