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.

December 2024

CSA Staff Notice and Consultation 11-348 Applicability of Canadian Securities Laws and the use of Artificial Intelligence Systems in Capital Markets
CSA Coordinated Blanket Order 51-931 Temporary Exemption from requirements in National Instrument 51-102 Continuous Disclosure Requirements and National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer to send certain proxy-related materials during a postal strike

November 2024

CSA Notice and Request for Comment Proposed Amendments to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations, National Instrument 81-101 Mutual Fund Prospectus Disclosure, National Instrument 81-102 Investment Funds and National Instrument 81-105 Mutual Fund Sales Practices and Proposed Changes to related Companion Policies – The Principal Distributor Model
CSA Notice of Amendments to National Instrument 41-101 General Prospectus Requirements, National Instrument 81-101 Mutual Fund Prospectus Disclosure, and Related Consequential Amendments and Changes - Modernization of the Prospectus Filing Model for Investment Funds
CSA Notice and Request for Comment Proposed Amendments to Multilateral Instrument 13-102 System Fees
CSA Notice of Republication for Comment - Proposed Amendments and Proposed Changes to Implement an Access Model for Certain Continuous Disclosure Documents of Non-investment Fund Reporting Issuers
CSA Staff Notice 51-365 Continuous Disclosure Review Program Activities for the fiscal years ended March 31, 2024 and March 31, 2023

October 2024

CSA Notice regarding Coordinated Blanket Order 96-932 Re Temporary Exemptions from Certain Derivatives Data Reporting Requirements
CSA Multilateral Staff Notice 58-317 Review of Disclosure Regarding Women on Boards and in Executive Officer Positions Year 10 Report
ASC Notice of Implementation of Amendments to the Alberta Securities Commission Rules (General)
Recognition Order re: CNSX Markets Inc.

September 2024

Summary of Comments to CSA/CIRO Staff Notice 23-331 Request for Feedback on December 2022 SEC Market Structure Proposals and Potential Impact on Canadian Capital Markets
CSA Notice and Request for Comment Proposed Amendments to National Instrument 81-101 Mutual Fund Prospectus Disclosure, National Instrument 81-102 Investment Funds, National Instrument 81-106 Investment Fund Continuous Disclosure, National Instrument 81-107 Independent Review Committee for Investment Funds and Related Proposed Consequential Amendments and Changes - Modernization of the Continuous Disclosure Regime for Investment Funds
CSA Notice of Consultation Proposed Amendments to National Instrument 94-101 Mandatory Central Counterparty Clearing of Derivatives
CSA Staff Notice 93-302 Frequently Asked Questions about National Instrument 93-101 Derivatives: Business Conduct

August 2024

ASC Notice of Amendments to Multilateral Instrument 93-101 Derivatives: Business Conduct
ASC Notice and Request for Comment Proposed Amendments to the Alberta Securities Commission Rules
Multilateral CSA Notice of Amendments to Alberta and Saskatchewan Orders 45-539 Small Business Financing
CSA Notice and Request for Comment Proposed Amendments and Changes to Certain National Instruments and Policies related to the Senior Tier of the Canadian Securities Exchange, the Cboe Canada Inc. and AQSE Growth Market name changes, and Majority Voting Form of Proxy Requirements

July 2024

CSA Multilateral Notice of Publication of Amendments to Multilateral Instrument 96-101 Trade Repositories and Derivatives Data Reporting

June 2024

Coordinated Blanket Order 31-930 Exemption to Allow Exempt Market Dealer Participation in Selling Groups in Offerings of Securities Under a Prospectus
CSA Multilateral Staff Notice 25-312 Reminder of Cessation of Canadian Dollar Offered Rate (CDOR) on June 28, 2024
ASC Notice 33-706 Policy and Procedures Manual – Reference Resource for Exempt Market Dealers

May 2024

CSA Notice and Request for Comment Proposed Amendments to Multilateral Instrument 25-102 Designated Benchmarks and Benchmark Administrators and Proposed Changes to Companion Policy
CSA Notice of Publication Amendments to National Instrument 81-102 Investment Funds and Changes to related Companion Policy to Accommodate a Range of Settlement Cycles for Mutual Funds

April 2024

CSA Staff Notice 21-334 Next Steps to Facilitate Access to Real-Time Market Data

March 2024

CSA Staff Notice 25-311 2023 Annual Activities Report on the Oversight of Canadian Investment Regulatory Organization and Canadian Investment Protection Fund Effective as of March 28, 2024
Variation of Blanket Order 45-538 Self-Certified Investor Prospectus Exemption
CSA Staff Notice 81-334 (Revised) ESG-Related Investment Fund Disclosure
Multilateral CSA Staff Notice 96-305 Derivatives Data Reporting Guidance for CDOR Transition

February 2024

CSA Staff Notice 23-333 Order Protection Rule: Market Share Threshold Effective as of April 1, 2024

January 2024

CSA Notice and Request for Comment Proposed Amendments to National Instrument 81-102 Investment Funds pertaining to crypto assets
CSA Notice of Publication of Amendments and Changes to Implement an Access Model for Prospectuses of Non-Investment Fund Reporting Issuers

November 2023

CSA Notice and Request for Comment Registered Firm Requirements Pertaining to an Independent Dispute Resolution Service and Proposed Amendments to NI 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations and Changes to Related Companion Policy
CSA/CIRO Staff Notice 23-332 Summary of Comments and Responses to CSA/IIROC Staff Notice 23-329 Short Selling in Canada

October 2023

CSA/CIRO Staff Notice 23-331 Request for Feedback on December 2022 SEC Market Structure Proposals and Potential Impact on Canadian Capital Markets
ASC Notice of Implementation of Amendments to the Alberta Securities Commission Rules (General)
CSA Notice and Request for Comment Proposed Amendments to NI 81-102 Investment Funds