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ARTICLE · 26 FEBRUARY 2026

Regulatory Reforms: What 2025 Changed For Canadian Capital Markets

Miller Thomson
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On June 26, 2025, the CSA published its 2025-2028 CSA Business Plan (the "Plan") setting out its priorities that will guide securities regulation across Canada over the next three years.

CanadaFinance and Banking
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1. CSA 2025–2028 business plan: What should Canadian capital markets expect?

On June 26, 2025, the CSA published its 2025-2028 CSA Business Plan (the "Plan") setting out its priorities that will guide securities regulation across Canada over the next three years. The Plan focuses on simplifying capital-raising rules, supporting innovation and emerging technologies, and strengthening investor protection. It aims to enhance Canada's global capital market competitiveness while safeguarding market integrity through the following four strategic goals.

How will the Plan affect capital-raising in Canadian markets?

To support the capital-raising needs of Canadian companies and establish internationally competitive Canadian capital markets, the Plan introduces a series of initiatives that reduce regulatory complexity.

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