Canadian securities regulators provide update on changes to regulatory work in light of COVID-19
Apr 09, 2020
On April 9, 2020, the Canadian Securities Administrators (CSA) stated that it is currently focusing its regulatory efforts on helping market participants and investors address challenges created by COVID-19.
On March 18, the CSA announced that all CSA proposals currently out for comment would have their comment periods extended by 45 days. Until at least May 30, 2020, the CSA will also not publish any new proposals for comment.
CSA members continue to be in close contact with the companies and firms they regulate, and based on these discussions, will consider proceeding with burden reduction initiatives if they are immediately helpful to businesses in responding to COVID-19.
As the situation evolves, the CSA will consider whether additional relief for market participants is warranted. We will also consider actions to support investors and ensure they are treated fairly during this difficult time. The needs of both stakeholder groups are important, and CSA members will consider and balance these needs as we fulfil our mandates.
Review the press release on the CSA's website.
