The Canadian Regulatory Council creates a new pre-registration dossier for crypto platforms
Canadian Securities Administrators will require crypto-trading platforms to file a commitment to protect investors during the registration process .
New
The Canadian Securities Administrators (CSA), the council of provincial and territorial securities regulators, announced on Monday that crypto trading platforms will be required to provide a pre-registration undertaking to their major regulators as 'they are taking steps to fully comply with securities regulations. Two platforms, Crypto.com and the Canadian platform Coinsquare Capital Markets, have already filed these commitments.
Trading venues will have to accept in the commitment to comply with the general conditions relating to the protection of investors. The filing of the commitment will allow crypto trading platforms to continue to operate while their applications for registration with the CSA are being examined. The new commitment is part of the "interim approach" introduced in the guidance on securities law requirements for crypto-asset trading platforms issued in March 2021 by the CSA and the Canadian Trade Regulatory Organization. securities (IIROC).
Crypto.com and Coinsquare Capital Markets have filed undertakings with the Ontario Securities Commission, which is their primary regulator. The CSA indicated in its announcement that it was in discussions with other platforms regarding the commitment.
Related: Canadian Regulators Warn Against "Gambling" Advertising and Marketing in Guidelines for Crypto Firms
Crypto-trading platforms in Canada
Canadian Securities Administrators will require crypto-trading platforms to file a commitment to protect investors during the registration process .
New
The Canadian Securities Administrators (CSA), the council of provincial and territorial securities regulators, announced on Monday that crypto trading platforms will be required to provide a pre-registration undertaking to their major regulators as 'they are taking steps to fully comply with securities regulations. Two platforms, Crypto.com and the Canadian platform Coinsquare Capital Markets, have already filed these commitments.
Trading venues will have to accept in the commitment to comply with the general conditions relating to the protection of investors. The filing of the commitment will allow crypto trading platforms to continue to operate while their applications for registration with the CSA are being examined. The new commitment is part of the "interim approach" introduced in the guidance on securities law requirements for crypto-asset trading platforms issued in March 2021 by the CSA and the Canadian Trade Regulatory Organization. securities (IIROC).
Crypto.com and Coinsquare Capital Markets have filed undertakings with the Ontario Securities Commission, which is their primary regulator. The CSA indicated in its announcement that it was in discussions with other platforms regarding the commitment.
Related: Canadian Regulators Warn Against "Gambling" Advertising and Marketing in Guidelines for Crypto Firms
Crypto-trading platforms in Canada
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