Canadian securities regulators provide update on changes to regulatory work in light of COVID-19

TORONTO, April 9, 2020 /CNW Telbec/ - The Canadian Securities Administrators (CSA) is currently focusing its regulatory efforts on helping market participants and investors address challenges created by COVID-19.

On March 18, the CSA announced that all CSA proposals currently out for comment would have their comment periods extended by 45 days. Until at least May 30, 2020, the CSA will also not publish any new proposals for comment.

CSA members continue to be in close contact with the companies and firms they regulate, and based on these discussions, will consider proceeding with burden reduction initiatives if they are immediately helpful to businesses in responding to COVID-19.

As the situation evolves, the CSA will consider whether additional relief for market participants is warranted. We will also consider actions to support investors and ensure they are treated fairly during this difficult time. The needs of both stakeholder groups are important, and CSA members will consider and balance these needs as we fulfil our mandates.

"We are mindful that most market participants are working remotely and weathering unprecedented challenges to their business," said Louis Morisset, CSA Chair and President and CEO of the Autorité des marchés financiers. "We are hopeful that these actions will free up resources, allowing firms to focus on front-line activities and serving the needs of investors."

The CSA continues to monitor the situation and will reassess the need to further defer its consultations and publications.

The CSA, the council of the securities regulators of Canada's provinces and territories, co- ordinates and harmonizes regulation for the Canadian capital markets.

For investor inquiries, please refer to your respective securities regulator. You can contact them here.

For media inquiries, please refer to the list of provincial and territorial representatives below or contact us at [email protected].

Hilary McMeekin Alberta Securities Commission 403-592-8186	Kristen Rose Ontario Securities Commission 416-593-2336
Brian Kladko British Columbia Securities Commission 604-899-6713	Sylvain Théberge Autorité des marchés financiers 514-940-2176
Jason (Jay) Booth Manitoba Securities Commission 204-945-1660	Shannon McMillan   Financial and Consumer Affairs   Authority of Saskatchewan   306-798-4160
Sara Wilson Financial and Consumer Services Commission, New Brunswick 506-643-7045	Steve Dowling Government of Prince Edward Island, Superintendent of Securities 902-368-4550
David Harrison Nova Scotia Securities Commission 902-424-8586	Jeff Mason Nunavut Securities Office 867-975-6591
Renée Dyer Office of the Superintendent of Securities Newfoundland and Labrador 709-729-4909	Tom Hall Office of the Superintendent of Securities Northwest Territories 867-767-9305
Rhonda Horte Office of the Yukon Superintendent of Securities 867-667-5466

SOURCE Autorité des marchés financiers

Related Links

http://www.lautorite.qc.ca/