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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April 2021

CSA Staff Notice 95-302 Margin and Collateral Requirements for Non-Centrally Cleared Derivatives

March 2021

Multilateral CSA Notice of Implementation Alberta and Saskatchewan Orders 45-538 Self-Certified Investor Prospectus Exemption
Staff Notice 21-329 Guidance for Crypto-Asset Trading Platforms: Compliance with Regulatory Requirements
CSA Multilateral Notice and Request for Comment Proposed Order 45-539 Small Business Financing
ASC Notice and Request for Comment Proposed Revocation of ASC Blanket Order 31-505 Registration Exemption for Trades in Connection with Certain Prospectus-Exempt Distributions and Replacement with Proposed ASC Blanket Order 31-536 Alberta Small Business Finder’s Exemption
CSA Staff Notice 41-307 Concerns Regarding An Issuer’s Financial Condition And The Sufficiency Of Proceeds From A Prospectus Offering (Revised)
ASC Notice of Amendments to ASC Rule 72-501 Distributions to Purchasers Outside Alberta
CSA Multilateral Staff Notice 58-312 Report on Sixth Staff Review of Disclosure Regarding Women on Boards and in Executive Officer Positions

February 2021

CSA Staff Notice 45-328 Update on Amendments relating to Syndicated Mortgages: NI 45-106 and NI 31-103
CSA Staff Notice 51-362 Staff Review of COVID-19 Disclosures and Guide for Disclosure Improvements
Request for Comment Proposed Amendments to NI 33-109

January 2021

Blanket Order 81-508 Exemptions from National Instrument 81-104 Alternative Mutual Funds
ASC Notice of Amendments to ASC Rule 45-511 Local Prospectus Exemptions and Related Requirements Related to Syndicated Mortgages
ASC Notice of Proposed Repeal of ASC Rule 45-509 Offering Memorandum for Real Estate Securities

December 2020

CSA Staff Notice 55-317 Automatic Securities Disposition Plans

November 2020

Nov 26 CSA Notice 25-302 Matters Relating to CDOR LIBOR and Other Interest Rate Benchmarks
CSA Multilateral Notice and Request for Comment 45-327 Proposed Prospectus Exemption for Self-Certified Investors

October 2020

CSA Multilateral Staff Notice 51-361 Continuous Disclosure Review Program Activities for the fiscal years ended March 31, 2020 and March 31, 2019

September 2020

CSA Staff Notice 81-333 Guidance on Effective Liquidity Risk Management for investment Funds
CSA Notice of Amendments to National Instrument 81-105 Mutual Fund Sales Practices and related Consequential Amendments

August 2020

CSA Notice of Amendments to National Instrument 45-106 Prospectus Exemptions and National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations and Changes to related Companion Policies relating to Syndicated Mortgages

July 2020

CSA Staff Notice 31-358 Guidance on Registration Requirements for Chief Compliance Officers and Request for Comments

June 2020

CSA Consultation Paper 25-402 Consultation on the Self-Regulatory Organization Framework
CSA Notice of Approval Amendments to National Instrument 21-101 Marketplace Operation and Changes to related Companion Policy
Review of Mineral Resource Estimates in Technical Reports
Mandatory Post-Trade Transparency of Trades in Government Debt Securities, Expanded Transparency of Trades in Corporate Debt Securities and Amendments to NI 21-101 Marketplace Operation and Related Companion Policy

May 2020

COVID-19 Temporary Blanket Relief
COVID-19 Temporary Blanket Relief
CSA Staff Notice 51-360 (Updated) Frequently Asked Questions Regarding Filing Extension Relief Granted By Way of a Blanket Order in Response to COVID-19
CSA Staff Notice 51-360 (Updated) Frequently Asked Questions Regarding Filing Extension Relief Granted by Way of a Blanket Order in Response to COVID-19

April 2020

ASC Blanket Order 81-506 Temporary Exemption from Borrowing Limit to Accommodate Redemption Requests for Mutual Funds Investing in Fixed Income Securities (COVID-19 Temporary Blanket Relief)
ASC Blanket Order 31-533 Temporary Exemption from Client Focused Reforms Conflict of Interest Provisions of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations
CSA Staff Notice 51-360 (Updated) Frequently Asked Questions Regarding Filing Extension Relief Granted by Way of a Blanket Order in Response to COVID-19
ASC Notice 21-705 Request For Comment Application by Creditex Securities Corporation for Exemption from Marketplace Rules
CSA Staff Notice 51-360 Frequently Asked Questions Regarding Filing Extension Relief Granted by way of a Blanket Order in Response to COVID-19

March 2020

ASC Blanket Order 24-505 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

February 2020

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