Regulatory Alerts2020-03-05
CSA Staff Notice 21-328 Regulatory Approach to Foreign Marketplaces Trading Fixed Income Securities
The Canadian Securities Administrators have established a framework granting exemptions to foreign alternative trading systems and multilateral trading facilities for trading fixed income securities in Canada. This approach allows eligible foreign marketplaces to operate without Canadian subsidiaries by relying on their home jurisdiction's comprehensive regulatory oversight, provided they meet specific criteria regarding investor protection, market integrity, and operational transparency. The notice outlines the application process, required terms and conditions, and ongoing reporting obligations designed to reduce regulatory burden while maintaining high standards of market efficiency.
Share