Regulation Of Fixed Income Market: The CSA Issues An Update

The Canadian Securities Administrators (CSA) recently published a staff notice describing the next steps in its plan to enhance the regulation of the fixed income market.  CSA Staff Notice 21-317 Next Steps in Implementation of a Plan to enhance Regulation of the Fixed Income Market (CSA Staff Notice 21-317) describes the CSA's efforts in respect of: (i) increasing post-trade transparency for corporate debt securities; and (ii) evaluating access to the fixed income market.

The CSA provided stakeholders with an opportunity to comment on its plan to enhance the regulation of the fixed income market in September 2015 in CSA Staff Notice 21-315 Next Steps in Regulation and Transparency of the Fixed Income Market.The CSA received a number of comments on its plan and those comments and a summary of next steps are now provided in CSA Staff Notice 21-317.