Regulatory Alerts2021-03-11
Added · Updated
CSA Staff Notice 51-363: Observations on Disclosure by Crypto Assets Reporting Issuers
The Canadian Securities Administrators issued this notice to outline disclosure observations and guidance for reporting issuers materially engaged in crypto assets based on their first annual filings. The document mandates detailed disclosures regarding the safeguarding of assets, including specific requirements for third-party custodians and self-custody controls, as well as risks associated with trading platforms. It further establishes expectations for business descriptions, risk factors, promotional activities, material change reporting, and specific accounting treatments for cryptocurrencies, mining operations, and financial statement audits.
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