The joint guidance published by the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) should provide more clarity for crypto. Principal requirements with respect to advertising, marketing, social media activities, fee disclosure and other compliance matters for crypto-trading platforms under Canadian securities legislation are set out in the guidance, with examples of statements that could be considered false or misleading.
Advertising and marketing activities may be reviewed by the CSA as part of the registration review process and following registration as part of a compliance review. The CSA may take enforcement action, including against foreign-based crypto-trading platforms with investors in Canada that do not comply with Canadian securities legislation.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.