Canadian securities regulators outline expectations for investment funds holding crypto assets
Jul 06, 2023
On July 6, 2023, the Canadian Securities Administrators (CSA) published guidance to help fund managers understand and comply with securities law requirements for public investment funds holding crypto assets (public crypto asset funds).
The guidance provides an overview of public crypto asset funds operating in Canada and describes related oversight initiatives by CSA members. The notice also covers:
- Market characteristics of crypto assets that could impact their viability as investments for public crypto asset funds
- Expectations concerning custody of crypto assets held on behalf of a fund
- Issues relating to yield-generating activities, like staking, by public crypto asset funds
- Know-your-client, know-your product and suitability obligations with respect to public crypto asset funds.
Review the news release on CSA's website.