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ARTICLE · 05 FEBRUARY 2024

CSA Proposes Amendments To Regulation Of Crypto Asset Investment Funds

McCarthy Tétrault
McCarthy Tétrault
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McCarthy Tétrault

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The Canadian Securities Administrators (CSA) recently published for a 90-day comment period proposed amendments to National Instrument 81-102 - Investment Funds (NI 81-102) its companion policy...

CanadaTechnology
Canadian Securities Regulatory Monitor
Canadian Securities Regulatory Monitor
Cristian Blidariu
Cristian Blidariu
Daanish Pasricha
Daanish Pasricha
Sean Sadler
Sean Sadler
Lori Stein
Lori Stein
Sonia Struthers
Sonia Struthers
Christopher Yam
Christopher Yam
Author LinkedIn connections

The Canadian Securities Administrators (CSA) recently published for a 90-day comment period proposed amendments to National Instrument 81-102 - Investment Funds (NI 81-102) its companion policy (Proposed Amendments) pertaining to reporting issuer investment funds that seek to invest directly or indirectly in crypto assets (Public Crypto Asset Funds).

As of June 30, 2023, there were 21 Public Crypto Asset Funds in Canada with aggregate net assets of approximately C$3.03 billion. Ten of such funds provide exposure to Bitcoin (BTC), nine funds provide exposure to Ether (ETH) and two provide exposure to both BTC and ETH. The CSA describe the Proposed Amendments as a codification of existing practices of, and exemptive relief obtained by, Public Crypto Asset Funds over the past several years.

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