CSA ANNUAL ACTIVITIES REPORT ON OVERSIGHT OF SELF-REGULATORY ORGANIZATIONS AND INVESTOR PROTECTION FUNDS
Key highlights in the report include information on:
The creation of a new SRO framework: Work is on track towards the closing date of December 31, 2022.
The modernization and streamlining of orders and MOUs: The CSA completed the final phase of a three-phase, multi-year project that is intended to improve harmonization and CSA oversight of the SROs and IPFs, and enhance investor protection. The final phase concentrated on streamlining and modernizing orders and MOUs.
The enhanced methodology project: Key changes include incorporating best practices into the CSA's risk assessment framework for the SROs and IPFs; outlining the process which regulators will follow to handle complaints; and defining an enforcement referrals process for the SROs. The methodology was implemented on April 1, 2021.
Oversight reviews: CSA plans to publish an annual activities report on its oversight of the new SRO and IPF.