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ARTICLE · 01 APRIL 2021

Three Week Countdown For Canadian Digital Asset Trading Platforms To Start Getting Registered Under Securities Laws

On March 29, 2021, the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) jointly published Staff Notice 21-329 Guidance for Crypto-Asset...

CanadaTechnology

On March 29, 2021, the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) jointly published Staff Notice 21-329 Guidance for Crypto-Asset Trading Platforms: Compliance with Regulatory Requirements  (the Staff Notice). The Staff Notice provides additional guidance for Canadian and foreign crypto asset trading platforms (CTPs) regarding the application of Canadian securities laws to their operations, and states that CTPs are required to register as investment dealers and be regulated as marketplaces. To further emphasize this point, the Ontario Securities Commission (the OSC) has imposed a deadline of April 19, 2021 for CTPs that offer services to Ontario residents to contact the OSC to discuss how to bring their operations into compliance.

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