Securities - previous consultations
AMF public consultations are published primarily in French. Please visit the French version of this page to consult all available public consultations.
Regulation 45-110 respecting Start-up Crowdfunding Registration and Prospectus Exemptions and concordant Regulations
In view of the current situation related to COVID-19, the deadline for submitting comments for this consultation, which was originally May 27, 2020, has been postponed until July 13, 2020.
- Regulatory Notice (pdf - 21 KB)This link will open in a new windowUpdated on February 27, 2020Regulatory Notice about the consultation of Regulation 45-110.
- Notice of consultation (pdf - 598 KB)This link will open in a new windowUpdated on February 27, 2020Notice of consultation for Regulation 45-110 and concordant regulations.
- Regulation 45-110 (pdf - 336 KB)This link will open in a new windowUpdated on February 27, 2020Draft Regulation about Start-up Crowdfunding Registration and Prospectus Exemptions.
- Regulation to amend Regulation 13-101 respecting the System for Electronic Document Analysis and Retrieval (SEDAR) (pdf - 15 KB)This link will open in a new windowUpdated on February 27, 2020Consequential amendments relating to Regulation 45-110 respecting Start-up Crowdfunding Registration and Prospectus Exemptions.
- Regulation to amend Regulation 45-102 respecting Resale of Securities (pdf - 12 KB)This link will open in a new windowUpdated on February 27, 2020Consequential amendments relating to Regulation 45-110 respecting Start-up Crowdfunding Registration and Prospectus Exemptions.
Comments received (comments are published in their original language)
- James S. Hershaw (pdf - 238 KB)This link will open in a new windowUpdated on June 3, 2020Draft Regulation 45-110 respecting Start-up Crowdfunding Registration and Prospectus Exemptions
- National Crowdfunding and Fintech Association (pdf - 177 KB)This link will open in a new windowUpdated on June 3, 2020Draft Regulation 45-110 respecting Start-up Crowdfunding Registration and Prospectus Exemptions - Craig Asano on behalf of NCFA
- Vested Technology Corp. (pdf - 158 KB)This link will open in a new windowUpdated on June 3, 2020Draft Regulation 45-110 respecting Start-up Crowdfunding Registration and Prospectus Exemptions - David Patterson and David Brook
- FrontFundr (pdf - 267 KB)This link will open in a new windowUpdated on June 25, 2020Projet de Règlement 45-110 sur les dispenses de prospectus et d’inscription pour financement participatif des entreprises en démarrage - Silver Maple Ventures Inc.
- BCCOOP (pdf - 258 KB)This link will open in a new windowUpdated on June 25, 2020Projet de Règlement 45-110 sur les dispenses de prospectus et d’inscription pour financement participatif des entreprises en démarrage - Ben Hyman
Regulation 52-112 respecting Non-GAAP and Other Financial Measures Disclosure and concordant regulations - Second publication for comments
In view of the current situation related to COVID-19, the deadline for submitting comments for this consultation, which was originally May 13, 2020, has been postponed until June 29, 2020.
- Regulatory Notice (pdf - 24 KB)This link will open in a new windowUpdated on February 13, 2020
- CSA Second Notice of Consultation (pdf - 181 KB)This link will open in a new windowUpdated on February 11, 2020
- Draft Regulation 52-112 (pdf - 48 KB)This link will open in a new windowUpdated on February 13, 2020
- Draft Policy Statement to Regulation 52-112 (pdf - 104 KB)This link will open in a new windowUpdated on February 13, 2020
- Draft Consequential Amendments
- Regulation to amend Regulation 45-108 respecting Crowdfunding (pdf - 10 KB)This link will open in a new windowUpdated on February 13, 2020
- Amendments to Policy Statement to Regulation 45-108 (pdf - 38 KB)This link will open in a new windowUpdated on February 13, 2020
- Amendments to Policy Statement to Regulation 51-102 respecting Continuous Disclosure Obligations (pdf - 14 KB)This link will open in a new windowUpdated on February 13, 2020
- Amendments to Policy Statement to Regulation 51-105 respecting Issuers Quoted in the U.S. Over-the-Counter Markets (pdf - 15 KB)This link will open in a new windowUpdated on February 13, 2020
- Amendments to Policy Statement to Regulation 52-107 respecting Acceptable Accounting Principles and Auditing Standards (pdf - 15 KB)This link will open in a new windowUpdated on February 13, 2020
CSA Consultation Paper 51-405: Consideration of an Access Equals Delivery Model for Non-Investment Fund Reporting Issuers
Comments received (comments are published in their original language)
Alistair Harrigan (pdf - 69 KB)This link will open in a new windowUpdated on February 28, 2020
Anthony Heller (pdf - 82 KB)This link will open in a new windowUpdated on February 28, 2020
Borden Ladner Gervais LLP (pdf - 185 KB)This link will open in a new windowUpdated on March 11, 2020
Cenovus Energy Inc. (pdf - 169 KB)This link will open in a new windowUpdated on March 11, 2020
CFA Societies Canada (pdf - 188 KB)This link will open in a new windowUpdated on February 28, 2020
Davies (pdf - 200 KB)This link will open in a new windowUpdated on March 9, 2020
Great-West Lifeco Inc. (pdf - 166 KB)This link will open in a new windowUpdated on March 10, 2020
Investor Advisory Panel (pdf - 166 KB)This link will open in a new windowUpdated on March 9, 2020
Ken Kivenko (pdf - 606 KB)This link will open in a new windowUpdated on February 28, 2020
Québec Bourse (pdf - 93 KB)This link will open in a new windowUpdated on March 9, 2020
RBC Wealth Management (pdf - 120 KB)This link will open in a new windowUpdated on March 11, 2020
SkyLaw (pdf - 560 KB)This link will open in a new windowUpdated on March 9, 2020
TSX (pdf - 230 KB)This link will open in a new windowUpdated on March 11, 2020
Draft Regulation to amend Regulation 52-108 respecting Auditor Oversight
- Regulatory Notice (pdf - 21 KB)This link will open in a new windowUpdated on October 2, 2019Canadian Public Accountability Board (CPAB)
- CSA Notice of Consultation (pdf - 75 KB)This link will open in a new windowUpdated on October 2, 2019Canadian Public Accountability Board (CPAB)
- Regulation to amend Regulation 52-108 (pdf - 28 KB)This link will open in a new windowUpdated on October 2, 2019Canadian Public Accountability Board (CPAB)
- Amendments to Policy Statement to Regulation 52-108 (pdf - 49 KB)This link will open in a new windowUpdated on October 2, 2019Canadian Public Accountability Board (CPAB)
Reducing Regulatory Burden for Investment Fund Issuers - Phase 2, Stage 1
- Regulatory Notice (pdf - 33 KB)This link will open in a new windowUpdated on September 11, 2019Reducing Regulatory Burden for Investment Fund Issuers – Phase 2, stage 1
- CSA Notice of consultation (pdf - 277 KB)This link will open in a new windowUpdated on September 11, 2019Reducing Regulatory Burden for Investment Fund Issuers – Phase 2, Stage 1
- Workstream One (pdf - 254 KB)This link will open in a new windowUpdated on September 11, 2019Reducing Regulatory Burden for Investment Fund Issuers – Phase 2, stage 1: Consolidate the Simplified Prospectus and the Annual Information Form
- Workstream two (pdf - 107 KB)This link will open in a new windowUpdated on September 11, 2019Reducing Regulatory Burden for Investment Fund Issuers – Phase 2, stage 1: Investment Fund Designated Website
- Workstream three (pdf - 74 KB)This link will open in a new windowUpdated on September 11, 2019Reducing Regulatory Burden for Investment Fund Issuers – Phase 2, stage 1: Codify Exemptive Relief Granted in Respect of Notice-and-Access Applications
- Workstream four (pdf - 27 KB)This link will open in a new windowUpdated on September 11, 2019Reducing Regulatory Burden for Investment Fund Issuers – Phase 2, stage 1 : Minimize Filings of Personal Information Forms
- Workstream five (pdf - 102 KB)This link will open in a new windowUpdated on September 11, 2019Reducing Regulatory Burden for Investment Fund Issuers – Phase 2, stage 1: Codify Exemptive Relief Granted in Respect of Conflicts Applications
- Workstream six (pdf - 19 KB)This link will open in a new windowUpdated on September 11, 2019Reducing Regulatory Burden for Investment Fund Issuers – Phase 2, stage 1: Broaden Pre-Approval Criteria for Investment Fund Mergers
- Workstream seven (pdf - 24 KB)This link will open in a new windowUpdated on September 11, 2019Reducing Regulatory Burden for Investment Fund Issuers - Phase 2, stage 1: Repeal Regulatory Approval Requirements for Change of Manager, Change of Control of a Manager, and Change of Custodian that Occurs in Connection with a Change of Manager
- Workstream eight (pdf - 85 KB)This link will open in a new windowUpdated on September 11, 2019Reducing Regulatory Burden for Investment Fund Issuers - Phase 2, stage 1: Codify Exemptive Relief Granted in Respect of Fund Facts Delivery Applications
- Additionnal Amendments (pdf - 20 KB)This link will open in a new windowUpdated on September 11, 2019Reducing Regulatory Burden for Investment Fund Issuers - Phase 2, stage 1
Comments received (comments are published in their original language)
Eric Adelson (pdf - 756 KB)This link will open in a new windowUpdated on January 6, 2020
Fasken (pdf - 516 KB)This link will open in a new windowUpdated on January 6, 2020
Manulife (pdf - 54 KB)This link will open in a new windowUpdated on January 7, 2020 (Bernard Letendre, Rick Annaert)
Stan Turner (pdf - 113 KB)This link will open in a new windowUpdated on January 6, 2020
TSX Trust (pdf - 66 KB)This link will open in a new windowUpdated on January 7, 2020 (Loui Anastasopoulos)
Draft Regulation to amend Regulation 51-102 respecting Continuous Disclosure Obligations and Amendments to Certain Policy Statements - Business Acquisition Report
- Regulatory Notice (pdf - 23 KB)This link will open in a new windowUpdated on September 5, 2019Business acquisition report (BAR)
- CSA Notice of Consultation (pdf - 78 KB)This link will open in a new windowUpdated on September 5, 2019Business Acquisition Report Requirements (BAR)
- Regulation to amend Regulation 51-102 (pdf - 17 KB)This link will open in a new windowUpdated on September 5, 2019Business Acquisition Report Requirements (BAR)
- Amendments to Policy Statement to Regulation 51-102 (pdf - 17 KB)This link will open in a new windowUpdated on September 5, 2019Business Acquisition Report Requirements (BAR)
- Amendments to Policy Statement to Regulation 41-101 respecting General Prospectus Requirements (pdf - 14 KB)This link will open in a new windowUpdated on September 5, 2019Business Acquisition Report Requirements (BAR)
- Amendments to Policy Statement to Regulation 44-101 respecting Short Form Prospectus Distributions (pdf - 14 KB)This link will open in a new windowUpdated on September 5, 2019Business Acquisition Report Requirements (BAR)
Comments received (comments are published in their original language)
Cenovus Energy Inc. (pdf - 690 KB)This link will open in a new windowUpdated on December 5, 2019
CFA Societies Canada (pdf - 164 KB)This link will open in a new windowUpdated on December 3, 2019
Ernst & Young LLP (pdf - 120 KB)This link will open in a new windowUpdated on December 5, 2019
McCarthy Tétrault LLP (pdf - 270 KB)This link will open in a new windowUpdated on December 5, 2019
Québec Bourse Inc. (pdf - 1 MB)This link will open in a new windowUpdated on December 5, 2019
Stikeman Elliott LLP (pdf - 130 KB)This link will open in a new windowUpdated on December 5, 2019
TSX (pdf - 226 KB)This link will open in a new windowUpdated on December 5, 2019
Regulation to amend Regulation 44-102 respecting Shelf Distributions – At-the-Market Distributions
- Regulatory Notice
(pdf - 21 KB)This link will open in a new windowUpdated on May 9, 2019At-the-Market Distributions - CSA Notice of consultation
(pdf - 77 KB)This link will open in a new windowUpdated on May 9, 2019At-the-Market Distributions - Regulation to amend Regulation 44-102 (pdf - 44 KB)This link will open in a new windowUpdated on May 9, 2019At-the Market Distributions
- Amendments to Policy Statement to Regulation 44-102 (pdf - 28 KB)This link will open in a new windowUpdated on May 9, 2019At-the-Market Distributions
Comments received (comments are published in their original language)
Blakes, Cassels & Graydon LLP (pdf - 102 KB)This link will open in a new windowUpdated on October 7, 2019At-the-Market Distributions Nicole Cargill, Jill Davis, Stacy McLean, Tim Phillips, Trevor Rowles & Brendan Reay
Davies Ward Phillips & Vineberg LLP (PDF - 210 KB)This link will open in a new windowUpdated on August 8, 2019At-the-Market Distributions Robin Upshall & Robert Murphy
Toronto Stock Exchange (TSX) (pdf - 202 KB)This link will open in a new windowUpdated on October 7, 2019At-the-Market Distributions Loui Anastasopoulos
Regulation 13-103 respecting System Replacement and concordant regulations
- Regulatory Notice (pdf - 29 KB)This link will open in a new windowUpdated on April 30, 2019System Replacement
- CSA Notice of Consultation (pdf - 73 KB)This link will open in a new windowUpdated on April 30, 2019System Replacement
- Regulation 13-103 (pdf - 101 KB)This link will open in a new windowUpdated on April 30, 2019System Replacement
- Policy Statement to Regulation 13-103 (pdf - 43 KB)This link will open in a new windowUpdated on April 30, 2019System Replacement
- Concordant Amendments - Regulation, Policy Statement and Notice (pdf - 382 KB)This link will open in a new windowUpdated on May 2, 2019System Replacement
Comments received (comments are published in their original language)
Borden Ladner Gervais LLP (pdf - 561 KB)This link will open in a new windowUpdated on August 5, 2019National Systems Renewal Program Rule Rebecca Cowdery, Prema K.R. Thiele, Stephen Robertson and Jessica Evans
Investment Industry Association of Canada (IIAC) (pdf - 271 KB)This link will open in a new windowUpdated on August 5, 2019National Systems Renewal Program Susan Copland (13-103)
Investment Industry Association of Canada (IIAC) (pdf - 222 KB)This link will open in a new windowUpdated on August 5, 2019National Systems Renewal Program Susan Copland (13-102)
Portfolio Management Association of Canada (pdf - 125 KB)This link will open in a new windowUpdated on July 30, 2019National Systems Renewal Program Rule Katie Walmsley and Margaret Gunawan
VigilantCS (pdf - 128 KB)This link will open in a new windowUpdated on August 5, 2019National Systems Renewal Program Robert Kirwin
Regulation 13-102 respecting System Fees
- Regulatory Notice (pdf - 20 KB)This link will open in a new windowUpdated on April 29, 2019National records filing systems renewal
- CSA Notice of Consultation (pdf - 72 KB)This link will open in a new windowUpdated on April 29, 2019renewing its national records filing systems
- Regulation 13-102 (pdf - 43 KB)This link will open in a new windowUpdated on April 29, 2019National Records Filing Systems Renewal
Comments received (comments are published in their original language)
For comments, please refer to Draft Regulation 13-103 respecting System Replacement
Draft Regulation to amend Regulation 21-101 respecting Marketplace Operation and Draft amendments to Policy Statement to Regulation 21-101
- Regulatory Notice (pdf - 21 KB)This link will open in a new windowUpdated on April 16, 2019Streamlining reporting requirements
- CSA Notice and Request for Comment (pdf - 78 KB)This link will open in a new windowUpdated on April 16, 2019Streamlining reporting requirements
- Regulation to amend Regulation 21-101 (pdf - 41 KB)This link will open in a new windowUpdated on April 16, 2019Streamlining reporting requirements
- Amendments to Policy Statement to Regulation 21-101 (pdf - 31 KB)This link will open in a new windowUpdated on April 16, 2019Streamlining reporting requirements