CSA Consultation Papers
Financial and Consumer Affairs Authority
4th Floor, 2365 Albert Street
Regina, SK, S4P 4K1
Tel: (306)787-5645
Fax: (306)787-5899
Email: fcaa@gov.sk.ca
CSA Consultation Papers
Securities - CSA Staff Notice and Consultation 11-348, Applicability of Canadian Securities Laws and the use of Artificial Intelligence Systems in Capital Markets
December 5, 2024 - The Canadian Securities Administrators published CSA Staff Notice and Consultation 11-348, Applicability of Canadian Securities Laws and the use of Artificial Intelligence Systems in Capital Markets.
CSA is posting this to provide clarity and guidance on how securities legislation applies to the use of AI systems by market participants including registrants, non-investment fund reporting issuers, marketplaces and marketplace participants, clearing agencies and matching service utilities, trade repositories, designated rating organizations and designated benchmark administrators. This Notice outlines selected requirements under securities law that market participants should consider during an AI system’s lifecycle and provides guidance on how we interpret them in this context. Guidance provided in this Notice is based on existing securities laws and does not create any new legal requirements, nor modify existing ones.
The comment period ends March 31, 2025.
For more information contact:
Heather Kuchuran
Financial and Consumer Affairs Authority of Saskatchewan
Director, Corporate Finance, Securities Division
400-2365 Albert Street
Regina, SK, S4P 4K1
Bus: 306-787-1009
Fax: 306-787-5899
Email : heather.kuchuran@gov.sk.ca
Securities - CSA Notice and Request for Comment Proposed Amendments to Form 58-101F1 Corporate Governance Disclosure of National Instrument 58-101 Disclosure of Corporate Governance Practices and Proposed Changes to National Policy 58-201 Corporate Governance Guidelines
April 13, 2023 - Today the Financial and Consumer Affairs Authority of Saskatchewan is publishing CSA Notice and Request for Comment Proposed Amendments to Form 58-101F1 Corporate Governance Disclosure of National Instrument 58-101 Disclosure of Corporate Governance Practices and Proposed Changes to National Policy 58-201 Corporate Governance Guidelines
- CSA Notice and Request for Comment Proposed Amendments to Form 58-101F1 Corporate Governance Disclosure of National Instrument 58-101 Disclosure of Corporate Governance Practices and Proposed Changes to National Policy 58-201 Corporate Governance Guidelines
- Annex A Detailed Comparison of Form A and Form B with Current Disclosure Requirements
- Annex B Approach to Diversity by Certain Securities Regulators Outside of Canada
- Annex C Proposed Amendments to National Instrument 58-101 Disclosure of Corporate Governance Practices (Form A)
- Annex D Proposed Amendment to National Instrument 58-101 Disclosure of Corporate Governance Practices (Form B)
- Annex E Proposed Amendments to Section 1.1 Definitions of National Instrument 58-101 (Applicable to Form B)
- Annex F Proposed Changes to National Policy 58-201 Corporate Governance Guidelines (Compatible with Form A)
- Annex G Proposed Changes to National Policy 58-201 Corporate Governance Guidelines (Compatible with Form B)
- Annex H Annotated Form 58-101F1 (Form A)
- Annex I Annotated Form 58-101F1 (Form B)
- Annex J Annotated National Policy 58-201 (Form A)
- Annex K Annotated National Policy 58-201 (Form B)
- Annex L Local Matters
Comment Period Ends: July 12, 2023.
For more information, contact:
Heather Kuchuran, Director
Corporate Finance, Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
4th Floor, 2365 Albert Street
Regina, SK S4P 4K1
Phone: 306-787-1009
E-mail: heather.kuchuran@gov.sk.ca
CSA Consultation Paper 21-403 Access to Real-Time Market Data
November 10, 2022 – The Canadian Securities Administrators is publishing CSA Consultation Paper 21-403 Access to Real-Time Market Data.
The comment period ends February 10, 2023.
For more information, contact:
Liz Kutarna
Financial and Consumer Affairs Authority of Saskatchewan
Director, Capital Markets
Securities Division
601-1919 Saskatchewan Drive
Regina, SK S4P 4H2
Bus: 306-787-5871
Fax: 306-787-5899
Email: liz.kutarna@gov.sk.ca
CSA Notice and Request for Comment Proposed Amendments to National Instrument 41-101 General Prospectus Requirements, National Instrument 81-101 Mutual Fund Prospectus Disclosure and Related Proposed Consequential Amendments and Changes and Consultation Paper on a Base Shelf Prospectus Filing Model for Investment Funds in Continuous Distribution Modernization of the Prospectus Filing Model for Investment Funds
January 27, 2022 – Today the Canadian Securities Administrators are publishing CSA Notice and Request for Comment Proposed Amendments to National Instrument 41-101 General Prospectus Requirements, National Instrument 81-101 Mutual Fund Prospectus Disclosure and Related Proposed Consequential Amendments and Changes and Consultation Paper on a Base Shelf Prospectus Filing Model for Investment Funds in Continuous Distribution Modernization of the Prospectus Filing Model for Investment Funds
- CSA Notice and Request for Comment Proposed Amendments to National Instrument 41-101 General Prospectus Requirements, National Instrument 81-101 Mutual Fund Prospectus Disclosure and Related Proposed Consequential Amendments and Changes and Consultation Paper on a Base Shelf Prospectus Filing Model for Investment Funds in Continuous Distribution Modernization of the Prospectus Filing Model for Investment Funds
- Annex A Proposed Amendments to National Instrument 41-101 General Prospectus Requirements
- Annex B Proposed Changes to Companion Policy 41-101 General Prospectus Requirements
- Annex C Proposed Amendments to National Instrument 81-101 Mutual Fund Prospectus Disclosure
- Annex D Proposed Changes to Companion Policy 81-101 Mutual Funds Prospectus Disclosure
- Annex E Proposed Amendments to National Instrument 81-106 Investment Fund Continuous Disclosure
- Annex F Specific Consultation Questions Relating to the Lapse Date Extension
- Annex G Consultation Paper on a Base Shelf Prospectus Filing Model for Investment Funds in Continuous Distribution
- Annex H Local Matters
Comment Period Ends: April 27, 2022.
For more information, contact:
Heather Kuchuran
Financial and Consumer Affairs Authority of Saskatchewan
Director, Corporate Finance
Securities Division
601-1919 Saskatchewan Drive
Regina SK S4P 4H2
Bus: 306-787-1009
Fax : 306-787-5899
Email: heather.kuchuran@gov.sk.ca
CSA Consultation Paper 25-403 Activist Short Selling
December 3, 2020 - The Canadian Securities Administrators are publishing CSA Consultation Paper 25-403 Activist Short Selling.
The comment period ends March 3, 2021.
For more information, contact:
Heather Kuchuran, CPA, CA, CFA
Financial and Consumer Affairs Authority of Saskatchewan
Director, Corporate Finance
Securities Division
601-1919 Saskatchewan Drive
Regina, SK S4P 4H2
Bus: 306-787-1009
Fax: 306-787-5899
Email: heather.kuchuran@gov.sk.ca
CSA Consultation Paper 25-402 Consultation on the Self-Regulatory Organization Framework
June 25, 2020 - The Canadian Securities Administrators published CSA Consultation Paper 25-402 Consultation on the Self-Regulatory Organization Framework
The comment period ends October 23, 2020.
For more information contact:
Liz Kutarna, Deputy Director
Capital Markets, Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Tel: 306.787.5871
Fax: 306.787.5899
Email: liz.kutarna@gov.sk.ca
CSA Consultation Paper 51-405 Consideration of an Access Equals Delivery Model for Non-Investment Fund Reporting Issuers
January 9, 2020 - The Canadian Securities Administrators published CSA Consultation Paper 51-405 Consideration of an Access Equals Delivery Model for Non-Investment Fund Reporting Issuers
The comment period ends March 9, 2020
For more information contact:
Heather Kuchuran, Acting Deputy Director, Corporate Finance
Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone: (306) 787-1009
Fax: (306) 787-5899
Email: heather.kuchuran@gov.sk.ca
Joint Canadian Securities Administrators/Investment Industry Regulatory Organization of Canada Consultation Paper 21-402 Proposed Framework for Crypto-Asset Trading Platforms
March 14, 2019 - The Canadian Securities Administrators today published Joint Canadian Securities Administrators/Investment Industry Regulatory Organization of Canada Consultation Paper 21-402 Proposed Framework for Crypto-Asset Trading Platforms
The comment period ends May 15, 2019.
For more information contact:
Dean Murrison, Director
Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone: (306) 787-5842
Fax: (306) 787-5899
Email: dean.murrison@gov.sk.ca
CSA Staff Notice 23-322 Trading Fee Rebate Pilot Study
March 16, 2018 - The Canadian Securities Administrators are publishing CSA Staff Notice 23-322 Trading Fee Rebate Pilot Study. Any proposal to introduce a pilot study for Canadian marketplaces will be published in a separate notice for comment. However, in the interim, we welcome any input or comments on a potential Canadian pilot study.
For more information contact:
Liz Kutarna, Deputy Director, Capital Markets
Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone: (306) 787-5871
Fax: (306) 787-5899
Email: liz.kutarna@gov.sk.ca
CSA Consultation Paper 52-404 Approach to Director and Audit Committee Member Independence
October 26, 2017 - The Canadian Securities Administrators are publishing CSA Consultation Paper 52-404 Approach to Director and Audit Committee Member Independence.
The comment period ends January 25, 2018.
For information contact:
Tony Herdzik, Deputy Director, Corporate Finance
Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone: (306) 787-5849 Fax: (306) 787-5899
Email: tony.herdzik@gov.sk.ca
CSA Staff Notice 51-350 Extension of Consultation Period
June 22, 2017 - On April 6, 2017 the Canadian Securities Administrators published Consultation Paper 51-404 Consideration for Reducing Regulatory Burden for Non-Investment Fund Issuers for a 90-day comment period expiring July 7, 2017. Today, as per CSA Staff Notice 51-350, the comment period has been extended to July 28, 2017.
For information contact:
Tony Herdzik, Deputy Director, Corporate Finance
Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone: (306) 787-5849 Fax: (306) 787-5899
Email: tony.herdzik@gov.sk.ca
CSA Consultation Paper 52-403 Auditor Oversight Issues in Foreign Jurisdictions
April 25, 2017 - The Canadian Securities Administrators are publishing CSA Consultation Paper 52-403 Auditor Oversight Issues in Foreign Jurisdictions.
The 60-day comment period ends June 24, 2017.
For information contact:
Tony Herdzik, Deputy Director, Corporate Finance
Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone: (306) 787-5849 Fax: (306) 787-5899
Email: tony.herdzik@gov.sk.ca
CSA Consultation Paper 51-404 Considerations for Reducing Regulatory Burden for Non-Investment Fund Reporting Issuers
April 6, 2017 - The Canadian Securities Administrators are publishing for a 90-day comment period, expiring July 7, 2017. June 22, 2017 - CSA Staff Notice 51-350 Extension of Consultation Period extends comment period to July 28, 2017.
Comment period ends July 7, 2017; extended to July 28, 2017.
For information contact:
Tony Herdzik, Deputy Director, Corporate Finance
Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone: (306) 787-5849 Fax: (306) 787-5899
Email: tony.herdzik@gov.sk.ca
CSA Consultation Paper 81-408 - Consultation of the Option of Discontinuing Embedded Commissions
January 10, 2017 - With the publication of the CSA Consultation Paper 81-408 – Consultation on the Option of Discontinuing Embedded Commissions, the CSA are seeking input on the option of discontinuing embedded commissions. With the objective of making an informed decision, the CSA are specifically seeking input on:
- The potential effects on investors and market participants of discontinuing embedded commissions, including the provision and accessibility of advice for Canadian investors, and business models and market structure;
- Potential measures that could assist in mitigating any negative impacts of such a change, if a decision is made to move forward; and,
- Alternative options that could sufficiently manage or mitigate the identified investor protection and market efficiency issues.
The comment period ends June 9, 2017.
For more information, please contact:
Heather Kuchuran, Senior Securities Analyst, Corporate Finance
Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone: (306) 787-1009
Fax: (306) 787-5899
Email: Heather.Kuchuran@gov.sk.ca
Securities Division
4th Floor, 2365 Albert Street
Regina, SK, S4P 4K1
Tel: (306)787-5645
Fax: (306)787-5899
Email: fcaa@gov.sk.ca