News Updates
Ontario introduces interim registration and prospectus exemptions to facilitate start-up securities crowdfunding
The Canadian Securities Administrators (CSA) announced on July 30, 2020 that in light of COVID-19 and the challenges it presents to small businesses seeking to raise capital, the Ontario Securities Commission (OSC) made an interim local order that adopts the start-up...
The CSA grant relief to Wealthsimple Digital Assets Inc. to operate a Crypto Asset Platform
On August 7, 2020 the Canadian Securities Administrators (CSA) granted relief to Wealthsimple Digital Assets Inc. (Wealthsimple) from certain registrant obligations, prospectus requirement and trade reporting requirements and suitability requirements to allow...
Canadian Securities Administrators Publish Final Amendments to Syndicated Mortgage Regime
The Canadian Securities Administrators (CSA) recently published final amendments that substantially harmonize the regulatory framework for syndicated mortgages in Canada. These final amendments will: remove the prospectus and registration exemptions that currently...
Canadian Securities Administrators Publish IIROC Oversight Report
The Canadian Securities Administrators (CSA) recently published their Oversight Report (the Report) regarding the Investment Industry Regulatory Organization of Canada (IIROC). The report, written by CSA staff, looks at whether IIROC has complied with the terms...
Canadian securities regulators introduce guidance for flexible chief compliance officer arrangements for businesses
July 2, 2020 staff of the Canadian Securities Administrators (CSA) issued a notice (Notice) setting out guidance regarding the registration requirements for chief compliance officers (CCOs) under National Instrument 31-103 Registration Requirements, Exemptions and...
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