Mahi Sall, Advisor, Fintech-Bank Partnerships, Payments and Financial Inclusivity
January 25th, 2023
Mahi Sall is the CEO & Founder of FinXpair, a Berlin-based strategic advisory boutique firm focu[...]
CSA Release ‘Year in Review’ Report Ending June 30, 2023
Regulation | Sep 7, 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.
See: CSA Seeking Comments on Proposed Changes to Governance and Disclosure Practices Around Diversity
- 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.
See: OSFI’s Mandate Update for Canada’s Financial Firms
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
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