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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November 2022

Recognition of New Self-Regulatory Organization of Canada
CSA Notice 96-303 Derivatives Data Reporting Transition Guidance
CSA Consultation Paper 21-403 Access to Real Time Market Data
CSA Notice 51-364 Continuous Disclosure Review Program Activities for the fiscal years ended March 31 2022 and March 31, 2021

October 2022

CSA Multilateral Notice 58-314 Review of Disclosure Regarding Women on Boards and in Executive Officer Positions (Year 8 Report)

September 2022

CSA Notice and Request for Comment – Proposed Amendments and Proposed Changes to Implement an Access-Based Model for Investment Fund Reporting Issuers
ASC Notice 33-706 Policy and Procedures Manual – Reference Resource for Exempt Market Dealers (Including those with Multiple Registration Categories)

May 2022

Multilateral CSA Notice of Publication Amendments to National Instrument 94-102 Derivatives: Customer Clearing and Protection of Customer Collateral and Positions

April 2022

CSA Staff Notice 25-303 2021 CSA Annual Activities Report on the Oversight of Self-Regulatory Organizations and Investor Protection Funds
CSA Notice of Changes to Companion Policy 41-101 General Prospectus Requirements relating to Financial Statement Requirements

February 2022

CSA Staff Notice 24-318 Preparing for the Implementation of T+1 Settlement

January 2022

CSA Staff Notice 81-334 ESG-Related Investment Fund Disclosure

December 2021

ASC Blanket Order 44-501 Exemption from Certain Prospectus Requirements for Well-Known Seasoned Issuers
Alberta Securities Commission Blanket Order 52-501 Exemption from National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure
CSA Staff Notice and Request for Comment 11-343 Proposal to Establish a CSA Investor Advisory Panel

November 2021

ASC Notice of Implementation of ASC Blanket Order 31-536 Alberta Small Business Finder’s Exemption
CSA Multilateral Staff Notice 58-313 Review of Disclosure Regarding Women on Boards and in Executive Officer Positions (Year 7 Report)

October 2021

Consultation Climate-related Disclosure Update and CSA Notice and Request for Comment Proposed National Instrument 51-107 Disclosure of Climate-related Matters

September 2021

CSA Notice and Request for Comment Proposed Amendments to National Instrument 94-102 Derivatives: Customer Clearing and Protection of Customer Collateral and Positions
Multilateral CSA Notice of Implementation Alberta and Saskatchewan Orders 45-539 Small Business Financing

August 2021

CSA Notice and Request for Comment Proposed Changes to Companion Policy 41-101 General Prospectus Requirements Related to Financial Statement Requirements
CSA Position Paper 25-404 New Self-Regulatory Organization Framework

July 2021

Amendments to NI 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations and changes to 31-103CP to Enhance Protection of Older and Vulnerable Clients

June 2021

CSA Notice 31-360 Blanket Orders/Class Orders in respect of Transitional Relief Related to the Deferred Sales Charge
CSA Staff Notice 21-326 Guidance for Reporting Material Systems Incidents - Revised

May 2021

CSA Notice of Publication National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure
CSA Notice and Request for Comment Proposed Amendments to National Instrument 51-102 Continuous Disclosure Obligations and Other Amendments and Changes Relating to Annual and Interim Filings of Non-Investment Fund Reporting Issuers and Seeking
CSA Notice 94-304 Frequency of the requirement to deliver Form 94-102F3 Customer Collateral Report: Regulated Clearing Agency and Blanket Order 94-502

April 2021

CSA Notice of Multilateral Instrument 25-102 Designated Benchmarks and Benchmark Administrators and Companion Policy
CSA Notice and Request for Comment Proposed Amendments to NI 14-101 Definitions and Consequential Amendments
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)

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

January 2021

ASC Notice of Proposed Repeal of ASC Rule 45-509 Offering Memorandum for Real Estate Securities

CSA Consultation Paper 21-403 Access to Real Time Market Data