Canadian Securities Regulators encourage investors to look out for ETF Facts LeapRate

Eurex enhances European ETF ecosystem with new product

November 06, 2018 BY Valentina Kirilova

Canadian Securities Regulators encourage investors to look out for ETF Facts

The Canadian Securities Administrators (CSA) has launched an awareness campaign encouraging investors to read the Exchange-Traded Funds (ETF) Facts they receive from their dealers when they invest in an ETF, an investment fund that trades like a stock but may hold a diversified portfolio of investments. Effective December 10, 2018, dealers will be required to…

September 18, 2018 BY Valentina Kirilova

CSA appoints Laura Belloni as Secretary General

The Canadian Securities Administrators (CSA) has announced the appointment of Laura Belloni as Secretary General, effective September 17, 2018. Before taking on this role, Ms. Belloni served as Manager of Regulatory Affairs and Policy Manager at the CSA for a period of 10 years. As such, she was responsible for managing regulatory and policy development…

September 07, 2018 BY Valentina Kirilova

CSA proposes rule regarding non-GAAP and other financial measures

The Canadian Securities Administrators (CSA) has just published for comment Proposed National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure (the Proposed Instrument), which establishes disclosure requirements for issuers that disclose non-GAAP and other financial measures. These measures often lack standardized meanings, resulting in potentially misleading or confusing disclosure. We are proposing clear and comprehensive…

July 20, 2018 BY Valentina Kirilova

CSA highlights common deficiencies in issuers’ continuous disclosure

The Canadian Securities Administrators (CSA) has published Staff Notice 51-355 Continuous Disclosure Review Program Activities for the fiscal years ended March 31, 2018 and March 31, 2017, a biennial report that summarizes CSA staff’s ongoing review of reporting issuers’ (issuers) continuous disclosure and highlights common deficiencies and best practices. Among other issues, we continue to…

June 12, 2018 BY Valentina Kirilova

CSA provides more guidance on securities law implications for tokens offerings

The Canadian Securities Administrators (CSA) has published CSA Staff Notice 46-308 Securities Law Implications for Offerings of Tokens, which provides additional guidance on the applicability of securities laws to offerings of coins or tokens, including ones that are commonly referred to as “utility tokens.”. Since publishing initial guidance, we have engaged with numerous businesses considering…

June 07, 2018 BY Valentina Kirilova

CSA warns investors to be cautious with crypto-asset trading platforms

The Canadian Securities Administrators (CSA) has informed that is urging Canadians to be cautious when considering buying crypto assets through trading platforms. Even though a platform may call itself an “exchange,” that does not mean it is complying with the securities regulatory regime. Currently there are no crypto-asset trading platforms recognized as an exchange or…

May 25, 2018 BY Valentina Kirilova

CSA to reduce regulatory burden for investment funds

The Canadian Securities Administrators (CSA) has announced that it has just published CSA Staff Notice 81-329 Reducing Regulatory Burden for Investment Fund Issuers, which outlines the CSA’s plan to pursue four initiatives in the near-term that would remove redundancies and streamline disclosure requirements for investment fund issuers. Reviewing regulatory burden for investment fund issuers is…

March 30, 2018 BY Valentina Kirilova

CSA publishes amendments related to reselling securities of foreign issuers

The Canadian Securities Administrators (CSA) has published amendments to National Instrument 45-102 Resale of Securities (NI 45-102) and changes to Companion Policy 45-102CP to National Instrument 45-102 Resale of Securities (45-102CP). We recognize that Canadian investors are increasingly interested in participating in the global capital markets,” said Louis Morisset, CSA Chair and President and CEO…

January 15, 2018 BY Valentina Kirilova

CSA issues statement following rescission of the Cole Memorandum

On October 16, 2017, the Canadian Securities Regulator (CSA) has published Staff Notice 51-352 Issuers with U.S. Marijuana-Related Activities. The notice outlined a disclosure-based approach to highlight risks facing issuers with U.S. marijuana-related activities and reflected the existence of a U.S. federal government forbearance approach (per the Cole Memorandum) to the enforcement of federal laws…

December 12, 2017 BY Valentina Kirilova

ASIC broadens fintech cooperation with Canadian regulators

ASIC has today announced a Cooperation Agreement with Canadian regulators on fintech cooperation. This agreement expands the existing framework for information sharing and also allows the referral of innovative fintech businesses to and from Canada. This Cooperation Agreement is signed with participating Canadian provincial securities regulators: Autorité des marchés financiers (Québec), the British Columbia Securities…

Tag: CSA