Tagged: canadian securities administrators

September 26, 2024 @ 3:36 pm By JD Alois  |  

The Canadian Securities Administrators (CSA) has posted a note on value-referenced crypto assets (VRCAs) – otherwise known as stablecoins. While stablecoins are primarily associated with fiat currency, they can also be tied to other assets. CSA states that registered crypto asset trading platforms (CTPs), as… Read More

August 6, 2024 @ 3:13 pm By JD Alois  |  

The Canadian Securities Administrators (CSA) and the Canadian Investment Regulatory Organization (CIRO) have issued a statement “reminding” crypto trading platforms must comply with Canadian securities laws by registering as investment dealers and having membership with CIRO. The CSA noted that it contemplated an interim approach,… Read More

May 30, 2024 @ 9:46 pm By Omar Faridi  |  

The Canadian Securities Administrators (CSA) recently announced that rule amendments supporting the move to a shorter settlement cycle for equity and long-term debt market trades came into force in Canada. The amendments to National Instrument 24-101 Institutional Trade Matching and Settlement align with the industry’s… Read More

April 17, 2024 @ 11:33 am By JD Alois  |  

The Canadian Securities Administrators (CSA), the entity that represents all of Canada’s provincial and territorial securities regulators, has posted a note on “crypto asset trading platforms” (CTPs) and the previously adopted “interim approach to value-referenced crypto assets (VRCAs).” In common terms, a VRCA is a… Read More

March 13, 2024 @ 3:52 pm By JD Alois  |  

The Canadian Securities Administrators (CSA) has recognized the launch of the Canadian Sustainability Standards Board’s (CSSB) consultation on Canadian Sustainability Disclosure Standards. This has to do with climate disclosure. The CSA pointed to the fact that the US has recently added climate disclosure regulations, requiring… Read More

January 18, 2024 @ 11:36 am By JD Alois  |  

The Canadian Securities Administrators (CSA) have issued a call for comment on proposed regulations for funds that invest in crypto. CSA Notice and Request for Comment – Proposed Amendments to National Instrument 81-102 Investment Funds Pertaining to Crypto Assets is available on all of the… Read More

October 31, 2023 @ 12:41 pm By JD Alois  |  

As part of a broader warning, the Canadian Securities Administrators (CSA) has cautioned investors to only buy digital assets, or crypto, via registered crypto trading platforms or “CTPs”. Canada has instituted a registration regime for crypto exchanges to provide a level of diligence and security… Read More

July 7, 2023 @ 9:04 am By Omar Faridi  |  

The Canadian Securities Administrators (CSA) recently published guidance to help fund managers understand and comply with securities law requirements for public investment funds holding crypto assets (public crypto asset funds). The guidance aims to provide “an overview of public crypto asset funds operating in Canada… Read More

June 21, 2023 @ 1:26 pm By JD Alois  |  

The Canadian Securities Administrators (CSA), the entity that represents all provincial/territorial regulators, says some crypto trading platforms are siting relations with bogus regulatory or dispute organizations. These trading platforms are simply trying to burnish their creditability, hoping that an unsuspecting investor may fall for the… Read More

February 22, 2023 @ 5:57 pm By JD Alois  |  

The Canadian Securities Administrators (CSA) have tightened requirements for platforms in the crypto exchange sector. The CSA is an entity that works to coordinate regulation with the various provincial and territorial securities regulators. Unlike the US Securities and Exchange Commission, it does not have federal… Read More

December 12, 2022 @ 4:06 pm By JD Alois  |  

The Canadian Securities Administrators (CSA) says they are “strengthening their approach” to crypto exchanges providing services in Canada following recent events. The CSA is alluding to the bankruptcy of FTX and all of the other failures and crypto firms that have been impacted by the… Read More

November 21, 2022 @ 11:20 am By JD Alois  |  

The Canadian Securities Administrators (CSA) has issued a warning on trading crypto assets as they may not be suitable for some investors, “in particular retail investors.” The CSA noted that crypto tends to be a highly volatile asset. The CSA also cautioned that there are… Read More

September 23, 2021 @ 11:20 am By JD Alois  |  

The Canadian Securities Administrators (CSA) and Investment Industry Regulatory Organization of Canada (IIROC) have published an outline explaining h0ow crypto exchanges may advertise and promote their services. The CSA is the national entity that works with all provincial regulators seeking to provide a harmonized approach… Read More

August 3, 2021 @ 9:31 am By JD Alois  |  

The Canadian Securities Administrators (CAS) has announced the creation of a single self regulatory organization (SRO) for the investment sector. According to a statement by the CSA, the SRO will consolidate the functions of the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund… Read More

June 23, 2021 @ 11:17 am By JD Alois  |  

Canada has long held a fragmented approach to online capital formation where securities crowdfunding is regulated at the provincial level. Obviously, this creates unnecessary friction to an emerging sector of Fintech that facilitates capital formation for early-stage ventures. Today, the Canadian Securities Administrators (CSA) has… Read More

March 29, 2021 @ 11:25 am By JD Alois  |  

The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) have jointly published a notice outlining securities law requirements that apply to crypto-asset trading platforms (or CTPs) and how they may be tailored by regulators, according to a public statement. The… Read More

March 11, 2021 @ 11:21 am By JD Alois  |  

The Canadian Securities Administrators (CSA) has provided guidance on disclosure provided by issuers of crypto assets. The CSA is a group that represents provincial securities regulators. In Canada, there is no federal agency overseeing the securities sector. According to the CSA, in Canada, most crypto-asset… Read More

August 2, 2020 @ 2:27 pm By JD Alois  |  

The Canadian Securities Administrators (CSA) has announced that in light of the COVID-19 crisis and difficulties regarding small businesses accessing capital, the Ontario Securities Commission (OSC) has made an interim local order that adopts the start-up crowdfunding regime currently in place in certain other Canadian… Read More

March 19, 2020 @ 12:26 pm By JD Alois  |  

The Canadian Securities Administrators (CSA) is the latest regulatory group to caution against the rise in Coronavirus, or COVID-19, scams. Nefarious actors and fraudsters are always looking for another angle to fleece the unsuspecting. The advent of the COVID-19 pandemic is no different. The CSA… Read More

February 27, 2020 @ 11:49 am By JD Alois  |  

The Canadian Securities Administrators (CSA) is seeking comment on proposed harmonized rules for start-up securities crowdfunding, according to a note from the CSA. Online capital formation platforms and industry supporters have long chafed under fragmented investment crowdfunding rules. A call to action by certain thought… Read More