The Ontario Securities Commission (OSC) has published a report, Artificial Intelligence in Capital Markets: Exploring the Use Cases in Ontario (the Report), exploring the use of artificial intelligence (AI) in Ontario’s capital markets. The Report highlights current AI use cases, benefits, and challenges. The Report’s goal is to…
The Canadian Securities Administrators (CSA) is providing further guidance to crypto asset trading platforms based on its interim approach to the trading of value-referenced crypto assets or VCRAs (commonly referred to as stablecoins) as laid out in in CSA Staff Notice 21-333 Crypto Asset Trading…
The Canadian Securities Administrators (CSA) has issued an update on proposed amendments to modernize the continuous disclosure requirements for non-investment fund reporting issuers published for comment in May 2021 (The Proposed Amendments). The Proposed Amendments would streamline and clarify certain disclosure requirements for the management’s…
The Ontario Securities Commission (OSC) announced today the adoption of OSC Rule 52-503, Exemption from Disclosure of a Specified Financial Measure (The Rule). This action is intended to make permanent a temporary exemption issued on December 2, 2021, which expired on June 2, 2023. The…
The Participating Jurisdictions of the Canadian Securities Administrators (CSA), Alberta, Saskatchewan, Manitoba, Ontario, Québec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, Yukon, Nunavut and Northwest Territories (the Participating Jurisdictions) have published Multilateral Instrument 93-101 Derivatives: Business Conduct and its Companion Policy, Companion Policy…
The Canadian Securities Administrators (CSA) is seeking public comment for a 90-day period ending December 20, 2023, on a proposed expedited shelf prospectus regime for well-known seasoned issuers (WKSIs) in Canada (The Proposed Amendments). The Proposed Amendments are detailed in CSA Notice and Request for Comment…
Participating jurisdictions (except Ontario) of the Canadian Securities Administrators (the Participating Jurisdictions) are publishing Multilateral Staff Notice 45-309 (Revised) Guidance for Preparing and Filing an Offering Memorandum under National Instrument 45-106 Prospectus Exemptions (45-309, the Staff Notice) to provide guidance to issuers, underwriters, and their…
The Canadian Investment Regulatory Organization (CIRO), Canada’s national self-regulatory organization that oversees all investment dealers, mutual fund dealers and trading activity on Canada’s debt and equity marketplaces, is publishing for a comment (the Request for Comment) for a period ending October 2nd, 2023. The Request…
The Ontario Securities Commission (OSC) has published OSC Staff Notice 33-752 – Summary Report for Dealers, Advisers and Investment Fund Managers (The Summary Report). The Summary Report describes the work conducted by the OSC’s Compliance and Registrant Regulation Branch (CRR) during the 2020-2021 fiscal year…
The Canadian Securities Administrators (CSA) is launching a review of exchange-traded funds (ETFs). ETFs are an increasingly popular investment vehicle, offering exposure to a variety of underlying assets and investment strategies, with intraday liquidity on the secondary market. According to CSA staff, ETFs comprise approximately…