Submitted by nsscadmin on
Our latest regulatory review looks at all regulatory releases and notices issued by the Nova Scotia Securities Commission and the Canadian Securities Administrators (CSA) since February. In case you missed any of the releases or notices issued over that time, here is a quick rundown on what they meant for issuers, investment firms and investors with links to the documents, where you can find the full details.
February 18, 2025 - Canadian securities regulators invite industry participation on data portability study as part of new testing initiative
Securities regulators in British Columbia, Alberta, Saskatchewan, Manitoba, New Brunswick and Nova Scotia invited the industry to engage in discussions – and potentially participate in testing of tools and strategies – to foster greater portability of client data in the investment market.
February 18, 2025 - NSSC signs onto multi-jurisdiction settlement with GS Partners
The Nova Scotia Securities Commission approved a settlement agreement with GS Partners and affiliates that will allow Nova Scotians who invested with them to make claims for refunds. The agreement includes GSB Gold Standard Corporation AG, GSB Gold Standard Bank LTD, other affiliated entities, and Josip Heit, the group’s principal.
February 20, 2025 - CSA announces temporary exemptions for derivatives market participants
The CSA published Coordinated Blanket Order 96-933, which provides temporary exemptions from certain derivatives data reporting requirements relating to unique product identifiers for commodity derivatives. The Coordinated Blanket Order enables market participants to continue to report unique product identifiers for commodity derivatives as required under current derivatives trade reporting rules after amendments to those rules come into effect on July 25, 2025.
March 6, 2025 - New Chair and Vice-Chair appointed to the Nova Scotia Securities Commission
The Nova Scotia Securities Commission has a new Chair, Valerie Seager, effective February 15, 2025, and a new Vice-chair, Heidi Walsh-Sampson, K.C., effective March 4, 2025. In addition, two new Commission Members have joined the Commission, Rodney Casey and Jason Cooke, K.C.
April 1, 2025 - Canadian securities regulators and CIRO announce effective date for delegation of registration authority
The securities regulatory authorities of Alberta, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, and Yukon, delegated certain registration functions and powers to the Canadian Investment Regulatory Organization (CIRO). This delegation establishes a consistent and harmonized approach to registration processes for CIRO members across the named jurisdictions.
April 17, 2025 - Canadian securities regulators announce actions to support competitiveness of Canadian markets
The CSA recognized the current uncertainty in global markets, and the impact this is having on companies and investors’ decisions to participate in Canadian capital markets. In response, the CSA introduced measures to support market participants that choose to go public, maintain a listing, and contribute to capital formation in Canada.
April 17, 2025 - Canadian securities regulators publish amendments pertaining to investment funds investing in crypto assets
The CSA published amendments to National Instrument 81-102 Investment Funds pertaining to reporting issuer investment funds that seek to invest directly or indirectly in crypto assets (Public Crypto Asset Funds).
April 23, 2025 - CSA updates market on approach to climate-related and diversity-related disclosure projects
The CSA announced it is pausing its work on the development of a new mandatory climate-related disclosure rule and amendments to the existing diversity-related disclosure requirements. This is being done to support Canadian markets and issuers as they adapt to the recent developments in the U.S. and globally.