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ARTICLE · 10 MARCH 2023

CSA Releases Enhanced Pre-registration Undertakings Requirements For Crypto Asset Trading Platforms

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Against the backdrop of recent insolvencies of a number of crypto asset trading platforms, the Canadian Securities Administrators (CSA) published Staff Notice 21-332 to introduce important new investor...

CanadaTechnology
Mohammed Muraj
Mohammed Muraj
Konata Lake
Konata Lake
Glen Johnson
Glen Johnson
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Against the backdrop of recent insolvencies of a number of crypto asset trading platforms, the Canadian Securities Administrators (CSA) published Staff Notice 21-332 to introduce important new investor protection provisions applicable to crypto asset trading platforms that are seeking registration and related exemptive relief.

What you need to know

  • The CSA published Staff Notice 21-332, Crypto Asset Trading Platforms: Pre-Registration Undertakings—Changes to Enhance Canadian Investor Protection, requiring crypto asset trading platforms that are seeking registration and related exemptive relief to provide enhanced pre-registration undertakings.
  • Platforms that are continuing to operate in Canada while pursuing their applications for registration and related exemptive relief are expected to provide the enhanced undertakings and implement necessary system changes.

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