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ARTICLE · 07 JUNE 2011

Canadian Securities Administrators Propose Rules And Amendments Relating To Securitized Products

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On April 1, 2011, the Canadian Securities Administrators (CSA) issued a notice and request for comments in connection with a proposed framework for the regulation of securitized products in Canada (Proposal).

CanadaFinance and Banking

On April 1, 2011, the Canadian Securities Administrators (CSA) issued a notice and request for comments in connection with a proposed framework for the regulation of securitized products in Canada (Proposal). The Proposal consists of the following: two proposed national instruments, one governing prospectus disclosure and the other governing continuous disclosure for reporting issuers of securitized products; related amendments to existing national instruments with respect to certification of disclosure in annual and interim filings, prospectus and registration exemptions, and resale of securities; and consequential amendments to other national instruments relating to prospectus disclosure requirements and continuous disclosure obligations.

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