The Canadian Securities Administrators (CSA) have released and published the 2022-2025 CSA Business Plan, outlining the priorities of its member regulators over the next three years.
Coinciding with the appointment of Stan Magidson, chair and CEO of the Alberta Securities Commission as the new chair of the CSA for a three-year term, the plan discusses harmonized regulation that is aligned with international standards, six strategic goals of the organization and related initiatives.
The goals include implementing improvements to the capital markets regulatory system, improving investors’ ability to contribute to policy making, expanded outreach, redress systems and a focus on the advisor-client relationship. The business plan also says the CSA will address market issues and trends, deliver smart and responsive regulation that protects investors while also reducing regulatory burden and “promote integrity and financial stability through effective market oversight.”
The CSA will also continue its efforts to establish the country’s new self-regulatory organization made up of the Mutual Fund Dealers Association (MFDA) and Investment Industry Regulatory Organization of Canada (IIROC) merged operations. Electronic filings, data management and protection regarding emerging issues and threats related to crypto assets and do-it-yourself investing are also on the CSA’s radar, as are the impacts of climate change related risks, sustainable investing and demographic issues.
“The CSA seeks to improve the Canadian capital markets regulatory system by modernizing the self-regulatory framework, enhancing collaboration with federal agencies to monitor and mitigate systemic risk, incorporating Indigenous Peoples’ perspectives in our policy work and modernizing the electronic filing and data access systems that underpin Canadian securities regulation,” they write.