Canadian Securities Administrators Releases Year in Review of FY 2022-2023

The Canadian Securities Administrators (CSA) released its comprehensive Year in Review this month. In the report, the CSA summarizes how well it fulfilled its responsibilities for overseeing Canada's capital markets during the period July 1, 2022 to June 30, 2023, and how well it achieved the strategic objectives in its 2022-2025 Business Plan.

In its report, the CSA concluded that during this period, it issued 758 investor warnings to alert and protect the public, 422 of which were related to cryptocurrencies. The CSA also took enforcement action in response to 16 cryptocurrency-related matters in order to maintain capital market order. In addition, 81 individuals and 23 companies were banned from participating in the capital markets following enforcement actions.

On July 25 of this year, the CSA launched the SEDAR+ program, an information filing system for all market participants to modernize and improve the disclosure process.

The CSA Investor Advisory Panel was also launched during this period and, since its inception, has reviewed 12 policy development initiatives that benefit investors.

In terms of investor education, the CSA launched an investor education campaign called "Human Disclaimers", which reached more than 1.2 million Canadian investors.

"We developed the Year in Review to communicate clearly and transparently about the work we undertook during the 2022-2023 fiscal year and the progress we have made against our strategic goals," said the CSA Chair Stan Magidson. "As we mark 20 years since formalizing the CSA structure this September, I am proud of our CSA members' unwavering dedication to protecting investors, maintaining fair and efficient markets and improving, coordinating and harmonizing regulation across Canada. "