TITLE: Canadian Securities Administrators Publishes Proposed Amendment to Insider Reporting Requirements BODY: On April 9, 2026, the Canadian Securities Administrators (CSA) published a notice and request for comment on a proposed amendment to Part 9 of National Instrument 55-104 Insider Reporting Requirements and Exemptions. The proposed amendment aims to clarify the insider reporting regime applicable to transactions involving investment funds and certain structured products, including structured notes, American Depositary Receipts, and Canadian Depositary Receipts, that are based on securities of the reporting insider's reporting issuer. The amendment addresses ambiguities in the current framework to ensure consistent application of insider reporting obligations across these product categories. This clarification is significant for market participants engaged in transactions involving these instruments, as it will provide greater certainty regarding compliance obligations and reporting requirements. The CSA, which coordinates and harmonizes regulation for the Canadian capital markets across Canada's provinces and territories, is seeking stakeholder feedback to inform the final amendment. The 60-day comment period closes on June 8, 2026. Stakeholders are encouraged to submit comments using the method set out in the notice, which is available on CSA members' websites. REFERENCES: Canadian Securities Administrators. "CSA publishes proposed amendment to insider reporting requirements for comment." April 9, 2026. Available at: https://www.osc.ca/en/news-events/news-releases/csa-publishes-proposed-amendment-insider-reporting-requirements-comment

CSA publishes proposed amendment to insider reporting requirements for comment | OSC

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