CSA

Montréal – The Canadian Securities Administrators (CSA) today released an interim progress report This link will open in a new window on initiatives published in its CSA 2019-2022 Business Plan, which sets out the priorities of its members over the course of the next three-year period. The progress report provides an update to Canadian investors and market participants on work set out by CSA members in June of last year, highlights achievements outside of the Business Plan, and outlines upcoming policy initiatives.

Mindful of the challenges faced by investors and market participants during the COVID-19 pandemic, in April 2020 the CSA announced a publication halt for all regulatory work until May 30, 2020. In addition, CSA members provided a range of regulatory relief and guidance to various market participants so they could free up resources to focus on front-line activities and investors’ needs.

“Faced with challenges created by the COVID-19 pandemic, our members responded swiftly and in a harmonized manner in support of investors and market participants alike,” said Louis Morisset, Chair of the CSA and President and CEO of the Autorité des marchés financiers. “Despite such unprecedented events, we were able to stay the course in what we set out to undertake in the 2019-2022 Business Plan.”

Some highlights in the first year of the Business Plan include the:

  • Publication in final form of rule amendments to implement the Client Focused Reforms; 
  • Publication in final form by participating members of rule amendments that prohibit mutual and other investment funds from paying upfront sales commissions to dealers, which would lead to the end of or restrictions on deferred sales charges; 
  • Continuation of a broad ranging reform to lighten regulatory burden for all market participants.

The report also outlines the policy initiatives for the next year to give market participants additional time to prepare for upcoming regulatory changes and consultations.

While the initiatives of the Business Plan remain fundamental to CSA members’ work, the CSA is prepared to continue to address new issues and challenges presented by evolving capital market conditions.  The CSA will also continue to monitor emerging trends and international developments in areas that fall within our mandate to determine whether any new initiatives are appropriate.

The CSA, the council of the securities regulators of Canada’s provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.

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For Investor inquiries, please refer to your respective securities regulator. You can contact them here.

For media inquiries, please refer to the list of provincial and territorial representatives below or contact us at media@acvm-csa.ca.

For more information:

CSA member name

Point of contact

Phone number

Autorité des marchés financiers

Sylvain Théberge

514-940-2176

Alberta Securities Commission

Hilary McMeekin

403-592-8186

British Columbia Securities Commission

Brian Kladko

604-899-6713

Financial and Consumer Affairs, Authority of Saskatchewan

Shannon McMillan

306-798-4160

Financial and Consumer Services Commission, New Brunswick

Sara Wilson

506-643-7045

Government of Prince Edward Island, Superintendent of Securities

Steve Dowling

902-368-4550

Manitoba Securities Commission

Jason (Jay) Booth

204-945-1660

Nova Scotia Securities Commission

David Harrison

902-424-8586

Nunavut Securities Office

Jeff Mason

867-975-6591

Office of the Superintendent of Securities, Newfoundland and Labrador

Renée Dyer

709-729-4909

Office of the Superintendent of Securities, Northwest Territories

Tom Hall

867-767-9305

Office of the Yukon, Superintendent of Securities

Rhonda Horte

867-667-5466

Ontario Securities Commission

Kristen Rose

416-593-2336