Regulatory Alerts2024-01-18
CSA Notice of Consultation: Draft Regulation to Amend Regulation 81-102 and Policy Statement 81-102 Pertaining to Crypto Assets
The Canadian Securities Administrators have published draft amendments to Regulation 81-102 and Policy Statement 81-102 to establish a regulatory framework for public crypto asset funds. The proposed rules restrict investment in crypto assets to alternative mutual funds and non-redeemable funds, mandate custody by qualified custodians using offline storage and insurance, and limit holdings to fungible assets traded on recognized exchanges. These measures aim to codify existing industry practices and exemptive relief while introducing new investor protection standards for operational risks and asset valuation.
Share