Update On Cyber Security: CSA Publishes Results Of Roundtable On Response To Cyber Security Incidents

The results of the Canadian Securities Administrators' (CSA) February 27, 2017 roundtable on cyber security issues were published in a Staff Notice on April 6, 2017. Primarily analyzing the importance of cooperation, coordination and information sharing with regards to incident response, the Staff Notice follows this year's publication of CSA Multilateral Staff Notice 51-347, which focused on cyber security risk disclosure, and is in line with CSA Staff Notice 11-332 Cyber Security (Notice 11-332), which reiterated that cyber security is one of CSA's top priorities.

Participants at the roundtable included various Canadian securities market stakeholders – including marketplaces, clearing agencies, registrants, reporting issuers, regulatory authorities and cyber security experts – and focused on two hypothetical cyber security scenarios designed to assess how they would respond in the event of a large-scale cyber security incident in order to gain a better