Regulatory Updates

What's new in regulation at the ASC? Check back often for the latest updates.

NOTE: Until rules or instruments become effective as evidenced by their publication in The Alberta Gazette (see section 225 of the Securities Act (Alberta)), they are subject to non-substantive changes. Should such changes occur, a revised version of the relevant rule or instrument will be published on this website.

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 the Canadian Securities Administrators (CSA) believes new or revised regulation is required, they will typically publish the proposed new documents for public comment.

This icon identifies proposals that are currently available for public comment.

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March 2020

Relief from Certain Reporting Requirements under National Instrument 24-101 Institutional Trade Matching and Settlement
COVID-19 Temporary Blanket Relief
CSA Notice of Amendments to National Instrument 24-102 Clearing Agency Requirements and related Companion Policy
CSA Staff Notice 21-328 Regulatory Approach to Foreign Marketplaces Trading Fixed Income Securities
CSA Notice and Request for Comment Proposed Amendments to National Instrument 31-103 and related Companion Policy to Enhance Protection of Older and Vulnerable Clients
CSA Staff Notice 43-310 Confidential Pre-File Review of Prospectuses (for non-investment fund issuers)

February 2020

CSA Notice and Request for Comment Proposed NI 45-110 Start-Up Crowdfunding Registration and Prospectus Exemptions
Multilateral CSA Notice of Amendments to National Instrument 81-105 Mutual Fund Sales Practices, Changes to 81-105CP and Changes to 81-101CP relating to Prohibition of Deferred Sales Charges for Investment Funds
CSA Staff Notice 23-326 Order Protection Rule: Market Share Threshold for the Period April 1, 2020 to March 31, 2021
CSA Second Notice and Request for Comment Proposed National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure Proposed Companion Policy 52-112 and related Proposed Consequential Amendments and Changes

January 2020

CSA Notice 23-325 Trading Fee Rebate pilot Study
ASC Notice 45-705 Compliance with Investment Limits under the Offering Memorandum Prospectus Exemption
CSA Staff Notice 21-327 Guidance on the Application of Securities Legislation to Entities Facilitating the Trading of Crypto Assets
CSA Consultation Paper 51-405 Consideration of an Access Equals Delivery Model for Non-Investment Fund Reporting Issuers

December 2019

CSA Staff Notice 81-332 Next Steps on Proposals to Prohibit Certain Investment Fund Embedded Commissions

October 2019

Report on Compliance with the Accredited Investor Prospectus Exemption
CSA Notice and Request for Comment Proposed Amendments to National Instrument 52-108 Auditor Oversight and related Companion Policy
Amendments to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations and to Companion Policy 31 103CP (Client Focused Reforms)
ASC adopts Start-up Crowdfunding Blanket Order 45-521 Start-up Crowdfunding Registration and Prospectus Exemptions
CSA Multilateral Staff Notice 58-311 Report on Fifth Staff Review of Disclosure Regarding Women on Boards and in Executive Officer Positions

September 2019

CSA Notice and Request for Comment Reducing Regulatory Burden for Investment Fund Issuers – Phase 2, Stage 1

August 2019

CSA Staff Notice 95-301 Margin and Collateral Requirements for Non-Centrally Cleared Derivatives
CSA Staff Notice 31-355 OBSI Joint Regulators Committee Annual Report for 2018

June 2019

ASC Notice 33-706 Policy and Procedures Manual – Reference Resource for Exempt Market Dealers (Including Those with Multiple Registration Categories)

March 2019

CSA Staff Notice 21-326 Guidance for Reporting Material Systems Incidents
CSA Staff Notice 21-325 Follow-up on Marketplace Systems Incidents
CSA Notice of Amendments to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations Custody-Related Amendments

February 2019

ASC Notice Amendments to ASC Rule 15 501 Rules of Practice and Procedure for Commission Proceedings