October 23, 2020 is the deadline to provide feedback on the self-regulatory organization (SRO) framework consultation paper.
Learn more about what the ASC is doing to support market participants and investors.
The Alberta Securities Commission (ASC) is the regulatory agency responsible for administering the province's securities laws. Our mission is to foster a fair and efficient capital market in Alberta and to protect investors.
We aim to be a practical, intelligent, best-in-class regulator and we strive to protect investors from improper, misleading or fraudulent practices. The Securities Act (Alberta) ensures that Alberta’s capital market works for participants and that investors have timely, accurate information on which to base their investment decisions. It also ensures that those who sell securities in Alberta are registered and that they conduct themselves according to applicable laws and professional standards.
As a member of the Canadian Securities Administrators (CSA), the council of the securities regulators of Canada's provinces and territories, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital market.
Alberta has the second largest capital market in Canada, representing 21 per cent of the Canadian capital market. Oil and gas companies represent 9.1 per cent of Canada’s capital market and Alberta-based companies have the second-highest average market capitalization in Canada, at $1.8 billion. Oil and gas and the utilities and pipeline industries represent 71 per cent of the total market capital in Alberta (44 per cent oil and gas, 27 per cent utilities and pipelines).
The ASC takes pride in understanding, supporting and working within Alberta’s important and unique capital market. We have a strong connection with our Alberta market participants. This understanding of Alberta’s unique business environment is critical to our role in providing a stable and intelligent regulatory environment.
For more information on Alberta’s capital market, please see the latest issue of the Alberta Capital Market Report.
The ASC is funded by the combination of revenues received under Alberta securities laws from market participants (e.g. fees) and its own investment income. The ASC does not receive any funding from taxpayers or the Government of Alberta.
As an industry-funded statutorily created corporation, the ASC is unlike other business corporations in that it does not have shareholders to whom the board of directors report. Instead, it is accountable to the Minister of Finance and, through the Minister, to the Alberta Legislature. As a public sector body the ASC complies with the Public Sector Compensation Transparency Act.
The ASC is authorized to:
The ASC is not authorized to:
The ASC is a member of the Canadian Securities Administrators (CSA). The CSA, the council of the securities regulators of Canada’s provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.
For more information about the CSA, please visit the CSA's website.