CSA Notice of Publication: Changes to Policy Statement 11-207 respecting Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions

Policy Statement 11-207 respecting Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions is being amended to remove processes related to the issuance of Dual Failure-to-File Cease Trade Orders (FFCTOs) and the revocation of Dual FFCTOs less than 90 days old. These changes by the Canadian Securities Administrators reflect amendments to the Securities Act (Ontario) that, effective December 4, 2023, provide for automatic reciprocation in Ontario of certain cease trade orders issued by other Canadian securities regulators. Consequently, an FFCTO issued by a Canadian securities regulator on or after December 4, 2023, is automatically effective in Ontario without requiring the Ontario Securities Commission to opt-in. The Policy Statement will continue to describe the process for revoking FFCTOs that are more than 90 days old or Dual FFCTOs, with the changes coming into effect on December 7, 2026.

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Canadian Securities Administrators
Autorités canadiennes en valeurs mobilières
CSA Notice of Publication
Changes to Policy Statement 11-207 respecting Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions September 24, 2026 Introduction The Canadian Securities Administrators (the CSA or we) are adopting changes to Policy Statement 11-207 respecting Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions (the Policy Statement) (the Changes). The Changes reflect the removal of certain processes relating to the issuance of a failure-to-file cease trade order (FFCTO) that is a dual FFCTO (Dual FFCTO) that are no longer applicable due to certain amendments to the Securities Act (Ontario) (the Act). The text of the Changes is published with this Notice and will also be available on the websites of CSA jurisdictions, including:
www.lautorite.qc.ca www.asc.ca www.bcsc.bc.ca mbsecurities.ca nssc.novascotia.ca www.fcnb.ca www.osc.ca www.fcaa.gov.sk.ca The Changes will come into effect on December 7, 2026. Substance and Purpose As further discussed below, the Changes remove the processes related to the issuance of Dual FFCTOs. Effective December 4, 2023, section 127.0.1 of the Act came into force (the Ontario Reciprocal Order Amendments). The Ontario Reciprocal Order Amendments provide for the automatic reciprocation in Ontario of certain cease trade orders issued by another Canadian securities regulator.

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Source: Autorite des marches financiers Quebec — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works