Canadian securities regulators consult on regulatory framework for crypto-asset trading platforms
The Canadian Securities Administrators (CSA) and Investment Industry Regulatory Organization of Canada (IIROC) today published Joint Canadian Securities Administrators/Investment Industry Regulatory Organization of Canada Consultation Paper 21-402 Proposed Framework for Crypto-Asset Trading Platforms.The consultation paper seeks input from the fintech community, market participants, investors and other stakeholders on how regulatory requirements may be tailored for crypto-asset trading platforms (platforms) operating in Canada.
OSC Invites Innovative Ontario Businesses to Participate in Global Pilot
Today the Ontario Securities Commission (OSC) is inviting eligible innovative Ontario businesses to apply to participate in a pilot project to test financial products, services and business models across international borders.
OSC Seeks Applications for Fintech Advisory Committee
The Ontario Securities Commission (OSC) is seeking applications for membership on its Fintech Advisory Committee (FAC).
OSC joins global network to support financial innovation
The Ontario Securities Commission (OSC) has, in collaboration with 11 financial regulators and related organizations from around the world, today announced its participation in the Global Finance Innovation Network (GFIN), a new initiative that aims to help innovative firms seeking to operate in multiple countries. The network also aims to enhance information-sharing between financial services regulators on innovation-related topics.
Canadian securities regulators provide additional guidance on securities law implications for offerings of tokens
The Canadian Securities Administrators (CSA) today published CSA Staff Notice 46-308 Securities Law Implications for Offerings of Tokens, which provides additional guidance on the applicability of securities laws to offerings of coins or tokens, including ones that are commonly referred to as “utility tokens.”
CSA Investor Alert: Caution urged for Canadians investing with crypto-asset trading platforms
The Canadian Securities Administrators (CSA) is urging Canadians to be cautious when considering buying crypto assets through trading platforms. Even though a platform may call itself an “exchange,” that does not mean it is complying with the securities regulatory regime. The CSA wants to make it clear: currently there are no crypto-asset trading platforms recognized as an exchange or otherwise authorized to operate as a marketplace or dealer in Canada.
OSC Announces Fintech Advisory Committee Members for 2018
The Ontario Securities Commission (OSC) today announced new members of its Fintech Advisory Committee (FAC), which advises OSC staff on developments and trends in the fintech space, as well as the unique challenges encountered by innovative businesses in the securities industry.
Canadian securities administrators remind investors of inherent risks associated with cryptocurrency futures contracts
Montreal – The Canadian Securities Administrators (CSA) would like to remind dealers and investors of the inherent risks associated with products linked to cryptocurrencies, including futures contracts. While these contracts may be traded on regulated exchanges and may be cleared by regulated central counterparties, the fact remains that their high level of risk will not be suitable for all types of investors.
Ontarians and Cryptocurrency: A First Look
Over the past several months, interest in cryptocurrencies has increased significantly. The Investor Office commissioned a small online survey of Ontarians age 18 and over, carried out in November 2017, as a first step towards learning more about which segments of the Ontario public are purchasing cryptocurrencies, how Ontarians perceive the risks of cryptocurrencies, and some of the reasons why Ontarians either are or are not purchasing cryptocurrencies.
OSC Requests Applications for Fintech Advisory Committee
TORONTO – The Ontario Securities Commission (OSC) is seeking applications for membership on its Fintech Advisory Committee (FAC).
Canadian securities regulators outline securities law requirements that may apply to cryptocurrency offerings
The Canadian Securities Administrators (CSA) today published CSA Staff Notice 46-307 Cryptocurrency Offerings, which outlines how securities law requirements may apply to initial coin offerings (ICOs), initial token offerings (ITOs), cryptocurrency investment funds and the cryptocurrency exchanges trading these products.
CSA Regulatory Sandbox issues guidance on its fast and flexible process for innovative business models
The CSA Regulatory Sandbox is an initiative of the Canadian Securities Administrators to support fintech businesses seeking to offer innovative products, services and applications in Canada. It allows firms to register and/or obtain exemptive relief from securities laws requirements, under a faster and more flexible process than through a standard application, in order to test their products, services and applications throughout the Canadian market on a time limited basis.
OSC Highlights Potential Securities Law Requirements for Businesses Using Distributed Ledger Technologies
The Ontario Securities Commission (OSC) is advising businesses that use distributed ledger technologies (DLT), such as blockchain, as part of their financial products or service offerings that they may be subject to Ontario securities law requirements.
The Canadian Securities Administrators Launches a Regulatory Sandbox Initiative
The Canadian Securities Administrators (CSA or we) today launched a regulatory sandbox, an initiative that supports businesses seeking to offer innovative products, services and applications.
OSC and FCA Sign Co-Operation Agreement to Support Innovative Businesses
Under a new Co-Operation Agreement (‘Agreement’), innovative FinTech businesses in Ontario and the United Kingdom will be able to seek support from their financial regulators as they seek to operate in the other’s market.
OSC Announces Fintech Advisory Committee Members
The Ontario Securities Commission (OSC) announced today the membership of its new Fintech Advisory Committee (FAC), which will advise OSC staff on developments in the fintech space as well as the unique challenges faced by fintech businesses in the securities industry.