Regulators, investor advocates and the investment industry have varying and deeply entrenched views about the CSA’s proposed reforms
Not all member regulators are in agreement
Canada’s equities markets have been transformed over the past couple of years, with the launch of new trading venues and novel execution models. Now, regulators are laying down the laws for this brave new world. For almost two years, the Canadian Securities Administrators (CSA) has been contemplating fundamental reform to the equities market structure to […]
The requirement to use SEDAR takes effect on May 24
Given a lack of consensus on the CSA’s proposal, regulators have decided to go forward with original plan proposed last year
The guidance spells out what firms should do relating to the cost disclosure and performance reporting provisions, which will be in force on July 15
The final amendments to the trading rules will introduce a cap on active trading fees and a methodology for setting data fees
A CSA consultation paper will be published at the end of April
The measures aim to increase the accuracy, accountability and reliability of the proxy voting process
As the trading platforms are often based overseas and money is moved out of Canada, it’s almost impossible to recover assets if something goes wrong, the CSA states