ARTICLE
26 September 2023

Is It Hot In Here? CSA To Review Exchange-Traded Funds

BL
Borden Ladner Gervais LLP

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BLG is a leading, national, full-service Canadian law firm focusing on business law, commercial litigation, and intellectual property solutions for our clients. BLG is one of the country’s largest law firms with more than 750 lawyers, intellectual property agents and other professionals in five cities across Canada.
On August 10, the Canadian Securities Administrators (CSA) announced that it will be reviewing exchange-traded funds (ETFs) in Canada, noting that ETFs make up almost 15% of the assets invested...
Canada Corporate/Commercial Law

On August 10, the Canadian Securities Administrators (CSA) announced that it will be reviewing exchange-traded funds (ETFs) in Canada, noting that ETFs make up almost 15% of the assets invested in publicly offered investment funds nationwide. The CSA will examine if current rules are still appropriate given the unique features of ETFs, including the availability of secondary market trading and mechanisms used to maintain market prices close to the underlying portfolio values.

In its assessment, the CSA will consider in particular whether practices published by the International Organization of Securities Commissions (IOSCO) relating to ETFs earlier in the year are appropriate for the Canadian market. Future consultations or regulatory changes may thus be on the horizon, which we and our colleagues at BLG will follow closely.

Originally published 31 August 2023

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