Regulatory Alerts2026-07-29
Added · Updated
CSA and CIRO issue guidance on foreign-listed ETF practices
Guidance from the Canadian Securities Administrators (CSA) and the Canadian Investment Regulatory Organization (CIRO) reminds market participants that active marketing or promotion of foreign-listed exchange-traded funds (ETFs) in Canada could trigger prospectus and, in some jurisdictions, investment fund manager registration requirements. The notice clarifies how existing know-your-product, know-your-client, and suitability determination obligations apply to the sale of these foreign ETFs. It also encourages order execution-only dealers to consider providing improved disclosure to investors purchasing foreign ETFs prior to a transaction.
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