Requests for Comment 

Industry and public consultation is an important part of the regulatory process and provides good input into new or revised legislation.

When the ASC or CSA believe new or revised regulation is required, they will typically publish the proposed new documents for public comment. Proposals that are currently available for public comment:

Canadian Securities Administrators Consultation Paper 91-407 – Derivatives: Registration

The Canadian Securities Administrators (CSA) published for comment Consultation Paper 91-407 – Derivatives: Registration, which sets out the CSA’s recommendations on registration and regulation of market participants trading in derivatives.

This paper details recommendations on issues such as:

  • the activities that will trigger derivatives registration;
  • the categories of derivatives registrants; and
  • the obligations of the derivatives registrants.

This consultation paper is part of a series of eight CSA papers developed to improve regulatory oversight of the OTC derivatives market in Canada. Market participants are invited to provide comments to this consultation paper by June 17, 2013.

Canadian Securities Administrators Consultation Paper 91-407 – Derivatives: Registration

Published: 18 Apr 2013
Comment Period Ends: 17 Jun 2013

CSA Notice & Request for Comment on Proposed Amendments to NI 81-102 Mutual Funds, Companion Policy 81-102CP and Related Consequential Amendments 

The Canadian Securities Administrators (CSA) are publishing proposed amendments to NI 81-102 Mutual Funds and proposed related consequential amendments.  In general, the proposed amendments introduce core operational requirements for non-redeemable investment funds, analogous to those applicable to mutual funds in NI 81-102.  The CSA also seeks feedback on proposals to create an alternative funds framework by restructuring NI 81-104 Commodity Pools. The comment period will be open until June 25, 2013. 

CSA Notice and Request for Comment on Proposed Amendments to NI 81-102 Mutual Funds, 81-102CP and Related Consequential Amendments

View NI 41-101 and related documents

View NI 81-106 and related documents  

View NI 81-107 and related documents

View NI 24-101 and related documents

View NI 31-103 and related documents

View NI 33-109 and related documents

View NI 44-102 and related documents

View NI 45-106 and related documents

View NI 62-103 and related documents

View NI 81-101 and related documents

View NI 81-105 and related documents

View NP 11-203 and related documents

Published: 27 Mar 2013
Comment Period Ends: 25 Jun 2013

Notice and Request for Comment Proposed National Instrument 62-105 Security Holder Rights Plans, Proposed Companion Policy 62-105CP Security Holder Rights Plans and Proposed Consequential Amendments

The Canadian Securities Administrators (CSA) are publishing proposed National Instrument 62-105 Security Holder Rights (the Proposed Rule), proposed Companion Policy 62-105CP Security Holder Rights Plans and proposed Consequential Amendments (collectively, the Proposed Materials).

The Proposed Materials establish a regulatory framework for security holder rights plans (Rights Plans) in all CSA jurisdictions. In general, the Proposed Rule will allow Rights Plans adopted by boards of directors of issuers to remain in place provided majority security holder approval of the Rights Plan is obtained within specified times.

Notice and Request for Comment on Proposed NI 62-105 Security Holder Rights Plans, Proposed 62-105CP Security Holder Rights Plans and Proposed Consequential Amendments

View NP 62-202 and related documents

View NP 62-203 and related documents

View MI 62-104 and related documents

View NI 41-101 and related documents

View NI 51-102 and related documents

Published: 14 Mar 2013
Comment Period Ends: 12 Jun 2013

CSA Notice and Request for Comment on proposed amendments to Multilateral Instrument 62-104 Take-Over Bids and Issuer Bids and National Instrument 62-103 Early Warning System and Related Take-Over Bid and Insider Reporting Issues and proposed changes to National Policy 62-203 Take-Over Bids and Issuer Bids

The Canadian Securities Administrators are publishing for comment proposed amendments and changes to Multilateral Instrument 62-104 Take-Over Bids and Issuer Bids, National Instrument 62-103 Early Warning System and Related Take-Over Bid and Insider Reporting Issues and National Policy 62-203 Take-Over Bids and Issuer Bids  (collectively, the Proposed Amendments).   The objective of the Proposed Amendments is to provide greater transparency about significant holdings of issuers’ securities by proposing an early warning reporting threshold of 5%, requiring disclosure of both increases and decreases in ownership of 2% or more of securities, requiring that a person include certain equity derivative positions in determining whether the threshold has been reached and enhancing the content of the disclosure in the early warning news releases and reports required to be filed.

Notice and Request for Comment on Proposed Amendments to MI 62-104 Take-Over Bids and Issuer Bids and NI 62-103 Early Warning System and Related Take-Over Bid and Insider Reporting Issues and Proposed Changes to NP 62-203 Take-Over Bids and Issuer Bids

View MI 62-104 and related documents

View NI 62-103 and related documents

View NP 62-203 and related documents

Published: 13 Mar 2013
Comment Period Ends: 12 Jun 2013