Submitted by nsscadmin on
Our latest regulatory review looks at all regulatory releases and notices issued by the Nova Scotia Securities Commission (the Commission) and the Canadian Securities Administrators (CSA) since May. In case you missed any of the releases or notices issued over that time here’s a quick rundown on what they meant for issuers and investors and links to the documents, where you can find the full details.
The CSA published final amendments that would help mutual funds that voluntarily shorten their trade settlement cycles from two trading days to one (T+1), following the transition by North American securities markets to T+1 settlement this month.
May 27 - Canadian securities regulators announce move to T+1 settlement cycle
The CSA announced that rule amendments supporting the move to a shorter settlement cycle for equity and long-term debt market trades came into force across Canada.
The securities regulatory authorities of British Columbia, Alberta, Saskatchewan, Ontario, Québec, New Brunswick, Nova Scotia, Yukon and Northwest Territories published proposed changes to assurance report requirements for designated benchmarks to address certain technical issues encountered by accounting firms when preparing these reports
June 20 - CSA announces appointments of members to its Investor Advisory Panel
The CSA announced the appointments of three new members and reappointment of two members to its Investor Advisory Panel.
The OSC, AMF), BCSC, FCAA, the ASC and NSSC announced an initiative intended to support capital-raising by early-stage businesses by allowing exempt market dealers to participate as selling group members in prospectus offerings
June 27 - 2024 Investor Index reveals Canada’s shifting investment landscape
A national survey commissioned by the CSA found that 23 per cent of Canadians report encountering possible fraudulent investments, an increase of five percentage points since 2020.
July 23 - Canadian Securities Administrators release 2023-2024 Year in Review
The CSA published its annual Year in Review, which covers the CSA’s progress made between July 1, 2023, and June 30, 2024, toward the strategic goals outlined in the 2022-2025 Business Plan.
July 25 - Canadian securities regulators announce changes to derivatives data reporting standards
The CSA published final amendments that streamline and harmonize over-the-counter (OTC) derivatives data reporting with global standards
July 25 - Canadian securities regulators announce temporary exemptions for derivatives dealers and advisers
The CSA announced coordinated local blanket orders (the Blanket Orders) to provide temporary exemptions for obligations set out in National Instrument 93-101 Derivatives: Business Conduct.