Tagged: csa

Canadian Securities Administration Ruling Could Drive Crowdfunding Surge

Peter-Paul Van Hoeken

A decision by the Canadian Securities Administration on June 23 to harmonize securities crowdfunding rules could be a huge blessing for Canadian business. On June 23 the Canadian Securities Administrators (CSA) introduced National Instrument 45-110 Start-up Crowdfunding Registration and Prospectus Exemptions.  According to Canadian online… Read More

Canada Announces Nationally Harmonized Investment Crowdfunding Rules

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

Canada: CSA and IIROC Outline Securities Law Requirements and Application to Crypto Trading Platforms

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

Canadian Securities Administrators Provides Guidance on Disclosure Regarding Crypto Assets

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

CSA Responds to Ontario Capital Markets Modernization Taskforce Report: NCFA – The present system is simply not good enough

Last month, the Capital Markets Modernization Taskforce in Ontario, Canada, issued its final report as to how to improve capital formation and affiliated economic growth and prosperity. The Taskforce’s goal was to “address the issues of tomorrow’s capital markets with bold and innovative recommendations that… Read More

Canadian Securities Administrators Caution on COVID-19 Scams

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

Canada: Securities Administrators Propose Harmonized Securities Crowdfunding Rules

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

CSA, Canada’s Securities Administrator, May Regulate Crypto Exchanges

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

Canadian Securities Administrators Open Consultation on Proposed Crypto Trading Ecosystem

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

Finally. Canadian Securities Administrators Announce Intent to Harmonize & Improve Crowdfunding Exemption

Crowdfunding has been legal in Canada for some time now but in Canada, securities are managed and regulated at the provincial level thus creating a bit of a regulatory mishmash which proves difficult and costly to firms. Issuers must be certain to manage any provincial… Read More

Canadian Securities Administrators Warning: “Currently There Are No Crypto-Asset Trading Platforms Recognized as an Exchange or Otherwise Authorized to Operate as a Marketplace or Dealer in Canada”

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

Australian Securities and Investment Commission Partners with Canadian Securities Regulators on Fintech

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

Canadian Securities Administrators Caution Public & Issuers on Initial Coin Offerings

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

Canadian Securities Administrators Shares Update on Alternative Funds Framework for Investment Funds

The Canadian Securities Administrators (the CSA) published an update on the proposal for a comprehensive regulatory framework for publicly offered alternative investment funds, “Alternative Funds Proposal.” The Alternative Funds Proposal is the final phase of the CSA’s ongoing effort to modernize regulation of investment fund… Read More

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