Canadian Securities Law

On September 15, 2017, certain members of the Canadian Securities Administrators released their oversight review report of the Mutual Fund Dealers Association (MFDA) for the period August 1, 2015 to January 31, 2017 (the 2017 Report). The 2017 Report followed... Read more

On August 3, 2017, the CSA published Staff Notice 24-316-Feedback on CSA Consultation Paper 24-402 Policy Considerations for Enhancing Settlement Discipline in a T+2 Settlement Cycle Environment, indicating that no additional measures are currently proposed... Read more

Effective September 5, 2017, the standard settlement timeframe for certain securities has been shortened to trade date plus two days (T+2) from trade date plus three days (T+3). The Canadian transition to a shorter settlement cycle is being made concurrently... Read more

No substituted compliance available to U.S. and EU clearing intermediaries and agencies The first filings of customer collateral delivery reports by direct and indirect clearing intermediaries and regulated clearing agencies were due August 15, 2017 under... Read more

Amendments pertaining to the investment industry’s transition to a shorter standard settlement cycle for most equity and long-term debt securities trades in Canada were published by the Investment Industry Regulatory Organization of Canada (IIROC)... Read more

On August 24, 2017, the Canadian Securities Administrators (CSA) issued Staff Notice 46-307 – Cryptocurrency Offerings. The Notice provides guidance with respect to the applicability of securities laws to: Cryptocurrency exchanges; Cryptocurrency... Read more

On July 13, 2017, the Canadian Securities Administrators published CSA Staff Notice 33-320 The Requirement for True and Complete Applications for Registration, reminding stakeholders of the consequences of submitting false or misleading applications for... Read more

Effective July 13, 2017, new standard form reports for certain supervisory terms and conditions (Supervisory Reports) are to be used by firms supervising individual registrants. The changes are set out in CSA Staff Notice 31-349 Change to Standard Form... Read more

The Canadian Securities Administrators have announced that they now intend to report the results of their continuous disclosure review program every second year, rather than annually as had previously been their practice. As such, the next CSA Staff Notice... Read more