On August 3, 2021, the Canadian Securities Administrators (CSA) announced their plan to “consolidate the functions” of the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA). The consolidation will create a new single self-regulatory organization (New SRO) with the goal of providing enhanced regulation of the investment industry. The CSA will also consolidate the two existing investor protection funds into a single protection fund independent from the New SRO.  The CSA plans to implement the New SRO in two phases, described below.Continue Reading CSA to Combine IIROC and MFDA in a Single Self-Regulatory Organization

On May 24, 2018, the Canadian Securities Administrators (CSA) released CSA Staff Notice 81-329 Reducing Regulatory Burden for Investment Fund Issuers, which outlines the CSA’s plan to implement four near-term initiatives to lessen the regulatory burden on investment fund issuers. Specifically, CSA staff will undertake to: (i) remove redundant information in disclosure

Mise à jour sur l’encadrement des fonds d’investissement alternatifs

Dans le cadre des efforts menés par les Autorités canadiennes en valeurs mobilières (« ACVM ») en vue de moderniser la réglementation des produits de fonds d’investissement, celles-ci ont publié récemment une mise à jour sur les propositions relatives aux fonds alternatifs.

Les « propositions relatives

Update on an Alternative Funds Framework for Investment Funds

As part of their ongoing efforts to modernize investment fund product regulation, the Canadian Securities Administrators (CSA) recently published an update on the status of the creation of an Alternative Funds Proposal.

The Alternative Funds Proposal is the CSA’s proposal calling for a more comprehensive regulatory

The Canadian Securities Administrators announced on June 25, 2013 that they have extended the comment period regarding the proposals comprising Phase 2 of their Modernization of Investment Fund Product Regulation Project, originally published March 27, 2013. The comment period has been extended to August 23, 2013.

Please find details in our recent bulletin CSA Release