Our latest regulatory review covers releases and notices issued by the Nova Scotia Securities Commission and the Canadian Securities Administrators (CSA) since February. If you missed any of these updates, here's a quick overview of what they mean for issuers, investment firms, and investors, along with links to the full documents.
February 12, 2026
CSA publishes 2025 Systemic Risk Committee Annual Report
The CSA published its 2025 Systemic Risk Committee Annual Report on Capital Markets, analyzing recent financial market trends, emerging risks, and potential vulnerabilities in Canadian capital markets. The report also highlights ongoing efforts to address and mitigate these risks.
February 19, 2026
Securities regulators in British Columbia, Alberta, Saskatchewan, Ontario, Québec, New Brunswick, Nova Scotia, Yukon, and the Northwest Territories adopted final amendments to Multilateral Instrument 25-102 Designated Benchmarks and Benchmark Administrators, along with related changes to the companion policy.
March 19, 2026
Canadian securities regulators announce adoption of semi-annual financial reporting pilot
The CSA announced a pilot project that allows eligible venture issuers to voluntarily adopt a semi-annual financial reporting framework, subject to the terms and conditions outlined in Coordinated Blanket Order 51-933.
March 31, 2026
CSA invites stakeholders to participate in tokenization initiative
The CSA launched an initiative to explore the potential use of tokenized financial products in Canada's capital markets and invited interested stakeholders to participate in workshops in Calgary and Toronto focused on this emerging area of market innovation.
April 2, 2026
Canadian securities regulators report on key oversight activities of CIRO and CIPF
The CSA published a report outlining key oversight activities related to the Canadian Investment Regulatory Organization (CIRO) and the Canadian Investor Protection Fund (CIPF).
April 2, 2026
Prediction markets: CSA and CIRO remind industry and investors of the current rules
In response to growing interest in prediction markets in Canada, the CSA and CIRO reminded industry participants and investors of the regulatory requirements governing prediction and event contracts.
April 9, 2026
CSA publishes proposed amendment to insider reporting requirements for comment
The CSA published a notice and request for comment regarding a proposed amendment to Part 9 of National Instrument 55-104 Insider Reporting Requirements and Exemptions.
April 21, 2026
Canada's Joint Forum of Financial Market Regulators discusses retirees' financial security
The Joint Forum of Financial Market Regulators concluded its annual meeting in Montreal on April 15. The forum brings together representatives from the Canadian Council of Insurance Regulators (CCIR), the CSA, the Canadian Association of Pension Supervisory Authorities (CAPSA), the Canadian Insurance Services Regulatory Organizations, and the Mortgage Brokers' Council of Canada.
April 23, 2026
CSA announces adoption of final amendments to trading fee caps charged by marketplaces
The CSA adopted final amendments to National Instrument 23-101 Trading Rules and corresponding changes to Companion Policy 23-101.
April 28, 2026
CSA issues temporary exemptions from collection of certain personal registration information
The CSA published Coordinated Blanket Order 33-930 Exemptions from Requirements to Submit Certain Personal Information, providing temporary exemptions under National Instrument 33-109 Registration Information.