Striking the right balance between investor protection and fair and efficient capital markets.

CSA Proposals

February 23, 2024

PCMA’S Concerns With CSA’S Proposed “Essential Process Test” For Complaint Reviews By OBSI

The Private Capital Markets Association of Canada (PCMA) supports fair and balanced regulation. This article is part of a PCMA series commenting on the Canadian Securities Administrators’ (CSA) proposal to […]

November 30, 2023

CSA Notice and Request for Comments

The Canadian Securities Administrators issued a proposal on Nov. 30, 2023, to give the Ombudsman for Banking Services and Investments binding decision-making powers of up to $350,000, and whose decisions will be unappealable with no review by a securities commission review or requirement that a complainant to pay any costs of such proceedings (i.e., there are no loser-pay rules as in other court proceedings.