The Canadian Securities Administrators (CSA)
published on July 7, 2016 their priorities for the three-year
period 2016 to 2019 under four categories: "Enhanced Investor
Protection", "Fair and Efficient Markets and Reduction of
Risks to Market Integrity", "Enhancement of Enforcement
Effectiveness" and "Enhancement of Information
The CSA proposes to enhance investor protection through further
study of embedded compensation arrangements for investment funds,
such as mutual funds, targeted regulatory reforms in the
advisor-client relationship, and improving the Canadian proxy
voting infrastructure through a clarification of the roles and
responsibilities of key entities to support accurate, reliable and
accountable meeting vote reconciliation.
Fair and Efficient Markets and Reduction of Risks to Market
Key initiatives under this heading include the close monitoring
of trends and levels of compliance by issuers and registrants alike
in the prospectus exempt markets, improving access, transparency
and fairness in the fixed income market, finalizing and
implementing an OTC Derivatives regulatory framework, improving
collaboration and communication with market participants on
cybersecurity issues and monitoring and assessing the implications
of fintech innovations. A targeted review of some corporate
governance topics such as director independence is also
Enhancement of Enforcement Effectiveness
The CSA's priorities relating to the enforcement of
Canada's securities laws include developing and implementing
new marketplace surveillance and analytical systems and
strengthening enforcement technology capabilities and
Enhancement of Information Technology
The final grouping of priorities focuses on a far-reaching
project by CSA members to replace various service providers
(including SEDAR, SEDI, National CTO Database, NRD and others) with
a single, secure filing system for regulators and market
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
Under the Income Tax Act, the Employment Insurance Act, and the Excise Tax Act, a director of a corporation is jointly and severally liable for a corporation's failure to deduct and remit source deductions or GST.
Under the Income Tax Act, the Employment Insurance Act, the Canada Pension Plan Act and the Excise Tax Act, a director of a corporation is jointly and severally liable for a corporation's failure to deduct and remit source deductions.
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).