Regulatory Alerts2023-07-06
Added · Updated
Canadian Securities Administrators Staff Notice 81-336: Guidance on Crypto Asset Investment Funds that are Reporting Issuers
Canadian Securities Administrators (CSA) staff issued Notice 81-336 to provide guidance and outline expectations for investment funds that invest in crypto assets (Public Crypto Asset Funds) under Regulation 81-102. The notice clarifies existing regulatory requirements, discusses findings from reviews on fund liquidity, ETF structure, and custody, and outlines expectations for stakeholders regarding investing in crypto assets beyond bitcoin and ether. It also addresses expectations for crypto custodians, issues related to staking or yield-generating activities, and know-your-product/client and suitability obligations for Public Crypto Asset Funds.
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