Canadian Securities Matters - Q2 2025

This edition provides a summary of newly effective and forthcoming regulatory matters in Canada in the quarter ended June 30, 2025.

Canadian Securities: New guidance

• CSA Notice Regarding Coordinated Blanket Order 41-930 Exemptions from Certain Prospectus and Disclosure Requirements
• CSA Notice Regarding Amendments to NI 81-102 Investment Funds Pertaining to Crypto Assets
• CSA Notice Regarding Coordinated Blanket Order 45-935 Exemptions from Certain Conditions of the Lister Issuer Financial Exemption
• CSA Staff Notice 45-330 (Revised) – Frequently Asked Questions About the Listed Issuer
• CSA Notice of Publication – Amendments and Changes to Certain National Instruments and Policies related to the Senior Tier of the Canadian Securities Exchange, the Cboe Canada Inc. and AQSE Growth Market Name Changes, and Majority Voting Form of Proxy Requirements Financing Exemption

Canadian Securities: Proposed guidance

• Proposed Amendments to OSC Rule 48-501 Trading During Distributions, Formal Bigs and Share Exchange Transactions and Proposed Changes to Companion Policy 48-501 Trading During Distributions, Formal Bigs and Share Exchange Transactions
• CSA Notice and Request for Comment - Proposed Repeal and Replacement of NI 43-101 Standards of Disclosure for Mineral Projects
• CSA Consultation Paper 81-409 – Enhancing Exchange-Trade Fund Regulation: Proposed Approaches and Discussions