Latest news with #CanadianSecuritiesAdministrators
Cision Canada
24-07-2025
- Business
- Cision Canada
CSA announces exemptions for investment funds to facilitate access to the Bank of Canada's Contingent Term Repo Facility Français
TORONTO, July 24, 2025 /CNW/ - The Canadian Securities Administrators (CSA) today issued coordinated blanket orders granting exemptive relief to facilitate access to the Bank of Canada's (the Bank) Contingent Term Repo Facility (CTRF) for eligible investment funds. The Bank's CTRF is designed to support the stability of the Canadian financial system and to counter future, severe market-wide liquidity stresses. The CTRF is activated and deactivated at the Bank's discretion and offers Canadian-dollar funding for a term of up to 30 days to eligible participants against securities issued or guaranteed by the Government of Canada or a provincial government. Investment funds with exposure to Canadian dollar money market and/or fixed income securities may need to access the CTRF to better manage their liquidity if there is a severe market-wide liquidity stress event. The blanket orders remove restrictions that would have impeded eligible investment funds from being able to participate in the CTRF. The orders facilitate access to a potential liquidity risk management tool for eligible investment funds to proactively manage their liquidity during times of severe market conditions. The CSA, the council of the securities regulators of Canada's provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets. For media inquiries, please contact: Ilana Kelemen Canadian Securities Administrators [email protected] Julia K. Mackenzie Ontario Securities Commission [email protected] For investor inquiries, please contact your local securities regulator.
Cision Canada
23-07-2025
- Business
- Cision Canada
Canadian securities regulators publish CIRO oversight review report
VANCOUVER, BC , July 23, 2025 /CNW/ - The Canadian Securities Administrators (CSA) today released the Oversight Review Report of the Canadian Investment Regulatory Organization (CIRO). The report evaluates whether CIRO has complied with the terms and conditions of its recognition orders, and whether regulatory processes are effective, efficient, and applied consistently and fairly. CSA staff completed a risk-based oversight review of CIRO that targeted specific processes within the areas of information technology, membership intake, and trading conduct compliance. CSA staff identified three medium priority findings. CIRO has established an action plan to address and remediate each finding. Other than those findings, CSA staff did not identify concerns with CIRO meeting the relevant terms and conditions of regulators' recognition orders in the functional areas reviewed. The CSA, the council of the securities regulators of Canada's provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets. For media inquiries, please contact: Ilana Kelemen Canadian Securities Administrators [email protected] Brian Kladko BC Securities Commission [email protected] For investor inquiries, please contact your local securities regulator. SOURCE Canadian Securities Administrators
Bloomberg
21-07-2025
- Business
- Bloomberg
Canadian market participants need to prepare for upcoming trade reporting deadlines
This article was written by Jason Waight, Head of Regulatory Reporting at Bloomberg and is reproduced from the Canadian Forum for Financial Markets. Starting July 25, 2025, Canadian market participants must meet the member jurisdictions of the Canadian Securities Administrators (CSA) amended local trade reporting rules for over the counter (OTC) derivatives that are outlined in Ontario Securities Commission Rule 91-507 Trade Repositories and Derivatives Data Reporting in Ontario, Regulation 91-507 Respecting Trade Repositories and Derivatives Data Reporting in Quebec, Manitoba Securities Commission Rule 91-507 Trade Repositories and Derivatives Data Reporting in Manitoba and Multilateral Instrument 96-101 Trade Repositories and Derivatives Data Reporting in all other provinces and territories of Canada, commonly known as the Canadian OTC Derivatives Reporting standards. The local trade reporting rules are designed to streamline and align OTC derivatives data reporting with global standards. To prepare market participants, Bloomberg brought Canadian provincial securities regulators and financial executives together in Toronto and Montreal recently to discuss what they need to know ahead of the new local derivatives trade reporting rules. Regulations on derivatives, globally and locally, started after the 2008 financial crisis and are designed to increase the resiliency and transparency of the derivatives market around the world, said Julie Boyer, Senior Policy Advisor, and Eli Adzogan, Senior Analyst in Derivatives, of the Derivatives Markets for l'Autorité des marchés financiers (AMFQuébec) who spoke at the events. These amendments represent a major overhaul of OTC derivatives data reporting in Canada in an effort to ensure they are better aligned with global standards, such as those by the European Securities and Markets Authority (ESMA) and the U.S. Commodity Futures Trading Commission (CFTC). The goal is to improve standards by reducing the complexity of market participants' reporting and operational and compliance costs.
Cision Canada
10-07-2025
- Business
- Cision Canada
CSA announces final amendments to Multilateral Instrument 13-102 System Fees Français
TORONTO, July 10, 2025 /CNW/ - The Canadian Securities Administrators (CSA) today published in final form amendments to Multilateral Instrument 13-102 System Fees (MI 13-102). The CSA is increasing system fees for SEDAR+ and the National Registration Database (NRD) over a five-year period starting on November 28, 2025. These system fee increases are necessary to ensure sufficient funding to operate the CSA's national systems over those five years. Under the amendments the total dollar amount of system fees collected by the CSA will increase and no new system fees will be introduced. To maintain a fair and transparent cost recovery approach, the CSA uses a flat per-filing system fee model, where fees increase proportionally based on system use. The CSA published proposed amendments on November 21, 2024, and outlined changes that would better align system fee revenues with projected national systems operating costs. After carefully considering the comments received, the CSA has not made any substantive revisions to the materials that were published for comment. However, since amendments to introduce an expedited shelf prospectus regime for well-known seasoned issuers (WKSIs) are scheduled to come into force at the same time as the MI 13-102 amendments, the WKSI-related system fees have been added to the MI 13-102 amendments. Provided all required approvals are obtained, the amendments will come into force on November 28, 2025, in all participating CSA jurisdictions. The CSA, the council of the securities regulators of Canada's provinces and territories, coordinates and harmonizes regulation for the Canadian capital markets. For investor inquiries, please contact your local securities regulator. For media inquiries, please contact: SOURCE Canadian Securities Administrators
Cision Canada
03-07-2025
- Business
- Cision Canada
CSA issues guidance about regulatory concerns with certain asset or business acquisitions Français
VANCOUVER, BC, July 3, 2025 /CNW/ - The Canadian Securities Administrators (CSA) today published guidance about regulatory concerns with certain asset or business acquisitions – primarily taking place in venture markets – including concerns with misleading disclosure that could constitute market manipulation. The guidance relates to reporting issuers that distribute a significant number of securities to acquire assets or businesses that appear to have little or no actual value or operating history, and paying what appear to be significantly inflated prices. CSA Staff Notice 51-366 Regulatory Concerns with Certain Asset or Business Acquisitions explains the regulatory concerns with these types of acquisitions and reminds issuers of the requirements that may apply. It does not introduce any new requirements. Key regulatory concerns with these transactions include: The potential for misleading disclosure or misrepresentations in a reporting issuer's continuous disclosure record. A potential lack of a reasonable basis for the value ascribed to the asset or business being acquired. Potentially untrue or unbalanced promotional campaigns to support the acquisition. Whether a reporting issuer records all or a portion of the consideration paid as intangible assets or goodwill based on unreasonable or unsupportable assumptions, and impairs them shortly after the acquisition. Staff will continue to apply additional regulatory scrutiny to reporting issuers involved in acquisitions that appear to raise the concerns set out in the staff notice. The CSA, the council of the securities regulators of Canada's provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets. For media inquiries, please contact: For investor inquiries, please contact your local securities regulator.
