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CSA Release ‘Year in Review’ Report Ending June 30, 2023

Regulation | Sep 7, 2023

CSA Year in Review Ending June 30 2023 - CSA Release 'Year in Review' Report Ending June 30, 2023

The Canadian Securities Administrators (CSA) unveiled their consolidated "Year in Review" report, shedding light on the organization's achievements and strides made from July 1, 2022, to June 30, 2023.

Stan Magidson, CSA Chair and CEO of the Alberta Securities Commission, emphasized the organization's dedication to investor protection, fair market operations, and harmonized regulation across Canada.

Key Highlights

  • Issuance of 758 investor alerts, with 422 specifically related to cryptocurrencies.
  • Publication of 33 announcements encompassing rule changes, consultations, and policy developments.
  • Inception of the CSA Investor Advisory Panel, which reviewed 12 policy initiatives from an investor's viewpoint.
  • Launch of SEDAR+ to enhance the disclosure process.

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  • Outreach to over 1.2 million Canadians through the "Human Disclaimers" investor education campaign.
  • Enforcement actions leading to the ban of 81 individuals and 23 companies from the capital markets.
  • 12 cryptocurrency trading platforms signed Pre-Registration Undertakings (PRUs) with CSA, allowing them to operate while their registration applications are under review.
  • Enforcement actions in 16 crypto-related matters to uphold the integrity of the capital markets.

As the Canadian capital markets continue to evolve, the CSA recognizes the increasing complexities and challenges that investors face. The organization remains steadfast in its mission to adapt securities regulation, educate the public, and safeguard investors.  The CSA has made some tools and resources available on their official website to assist Canadians in making informed investment decisions.

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In conclusion, the CSA's "Year in Review" report is a reflection of the organization's dedication, progress, and commitment to ensuring a robust and transparent capital market in Canada. As they mark 20 years since the formalization of the CSA structure, the future looks promising with a continued focus on investor protection and market integrity.

Download the 47 page PDF report --> here


NCFA Jan 2018 resize - CSA Release 'Year in Review' Report Ending June 30, 2023The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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