Tagged: canadian securities administrators

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

November 12, 2019 @ 2:32 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS), the leading financial regulator and central bank of Singapore, has announced renewed cooperation on Fintech with Canadian Securities Regulators while simultaneously announcing a tighter relationship with the Banque de France. The announcements were released during Singapore’s annual Fintech Week… Read More

July 16, 2019 @ 6:41 pm By Cali Haan  |  

In keeping with its Business Plan 2019-2022, the Canadian Securities Administrators (CSA) may, “adapt the current regulatory framework to address the unique challenges brought by crypto-assets that fall under the CSA jurisdiction.” At present, “There are currently no platforms facilitating…trading of crypto-assets that are regulated as… Read More

March 15, 2019 @ 5:51 pm By JD Alois  |  

Canada has joined a growing group of financial regulators seeking input on creating a regulatory compliant ecosystem for trading digital assets. Posted this week, the Canadian Securities Administrators (CSA), the group that represents all of the provincial regulators, posted a consultation in partnership with the… Read More

June 6, 2018 @ 4:52 pm By JD Alois  |  

The Canadian Securities Administrators (CSA) has issued an alert to investors when considering buying crypto assets through trading platforms. The CSA states that even though a platform may call itself an “exchange,” that does not mean it is complying with the securities regulatory regime. The… Read More

December 12, 2017 @ 7:54 am By JD Alois  |  

The Australian Securities and Investment Commission (ASIC) has signed a cooperation agreement with the Canadian Securities Administrators (CSA) to foster Fintech innovation, expand the network of information sharing and support Fintech startups. ASIC previously signed a bilateral cooperation agreement with the Ontario Securities Commission which… Read More

August 28, 2017 @ 2:03 pm By JD Alois  |  

The Canadian Securities Administrators (CSA) have posted a notice regarding companies that are using Initial Coin Offerings (ICOs) to raise capital online. The CSA published a Staff Notice, 46-307 Cryptocurrency Offerings, noting that issuers may need to comply with existing securities law. Canada is the… Read More