The British Columbia Securities Commission (BCSC) announced that the first meeting of its Fintech Advisory Forum, was held on November 24, 2020. The Forum advises BCSC staff on trends and development in the fintech space, as well as the unique situations faced by innovative businesses in the securities industry. Barbara Hendrickson of BAX Securities Law is one of the 17 volunteer members of the Forum which provides input to BCSC staff about the opportunities, risks and securities law issues facing the fintech industry.
The Fintech Advisory Forum is being led by the BCSC’s Fintech & Innovation Team (FIT). Established in 2017, the FIT has responds to fintech-related inquiries and facilitates the authorization of innovative business models, including security token dealers, crypto investment funds and client onboarding processes that use artificial intelligence. The FIT also works with other regulators in Canada and globally to adapt securities regulations to business models based on new technology.
Please see: https://www.bcsc.bc.ca/about/media-room/news-releases/2020/94-bcsc-gaining-greater-insight-on-fintech-through-new-stakeholder-forum & https://www.bcsc.bc.ca/-/media/PWS/New-Resources/Securities-Law/Instruments-and-Policies/BCN/BCN-202007-December-10-2020.pdf
For more information, please call Barbara Hendrickson at BAX Securities Law (647) 403-4606.
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