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Canadian Securities Regulators Publish Update on Cyber Security for Market Participants

  • Securities - CSA Image

Sep 27, 2016

On September 27, 2016, the Canadian Securities Administrators (CSA) published CSA Staff Notice 11-332, "Cyber Security" to promote cyber-security awareness, preparedness and resilience in Canadian capital markets.

The cyber-security landscape has evolved considerably in recent years, as cyber attacks have become more frequent, complex and costly for organizations. As a result, the CSA is working to promote cyber-security awareness, preparedness and resilience, including examining how to improve collaboration and communication with market participants on these issues.

CSA members intend to re-examine the disclosure of some of the larger issuers in the coming months. CSA findings and recommendations stemming from those reviews are anticipated to be published subsequently.

The CSA also intends to hold roundtable sessions with market participants in the coming months to discuss cyber security issues and risks, and the need for coordination and information sharing.

Review the press release and Staff Notice on the CSA's website.

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