pc
nid 94652
Aug 19, 2026
ataylor@vixio.com
Quebec
News - AMF
financial services
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1877 charsCanadian Securities Administrators Publishes 2025-2026 Annual Year in Review Report
On August 18, 2026, the Canadian Securities Administrators (CSA) published its 2025-2026 Year in Review, highlighting progress made during the first year of its 2025-2028 Business Plan. The report covers work completed between July 1, 2025, and June 30, 2026, and demonstrates how Canada's securities regulators are responding to rapid changes in capital markets while maintaining investor protection and reducing unnecessary regulatory burden.
During the reporting period, CSA members worked collaboratively to enforce securities laws and protect investors across Canada's provinces and territories. The CSA published numerous consultations, rule changes, blanket orders and guidance aimed at fostering fair and efficient markets and improving access to capital. Key focus areas included strengthening efforts to combat increasingly sophisticated online fraud and deepening understanding of emerging technologies reshaping financial markets. The CSA also supported innovation through the Financial Innovation Hub and engaged with market participants and stakeholders throughout the year. The report highlights modernization of securities regulation, strengthened coordination of Canada's securities regulatory system domestically and internationally, and efforts to respond to emerging opportunities and risks in the evolving market environment.
Stan Magidson, CSA Chair and Chair and Chief Executive of the Alberta Securities Commission, said the Year in Review demonstrates how regulators are keeping pace with capital market changes. The CSA, which coordinates and harmonizes regulation for Canadian capital markets across all provinces and territories, continues to pursue practical, coordinated and responsive regulation serving investors, businesses and the broader Canadian economy.
The 2025-2026 Year in Review is available in English and French on the CSA website.
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2104 charsCanadian Securities Administrators Publishes 2025-2026 Annual Year in Review Report
On August 18, 2026, the Canadian Securities Administrators (CSA) published its 2025-2026 Year in Review, reporting on progress across its four strategic priorities: capital market competitiveness, investor protection, innovation and technology, and systemic risk. The report covers initiatives implemented between July 1, 2025, and June 30, 2026, emphasizing efforts to streamline capital-raising for businesses, combat online investment fraud, and adapt regulation to emerging technologies.
Highlights from the annual report include:
Focus on capital markets: CSA members implemented voluntary semi-annual financial reporting for smaller venture issuers with annual revenues under $10m. The listed issuer financing exemption raised nearly $4bn in its first year after capital-raising limits were increased, eight times higher than under previous limits.
Focus on investor protection: CSA members deactivated more than 11,700 fraudulent investment platforms and crypto scam websites, many within 24 hours of detection. The CSA issued 763 investor alerts, with more than 85 percent related to crypto assets. CSA members also concluded 108 enforcement matters resulting in $20.7m in fines and penalties and $59.4m in restitution orders.
Focus on innovation and technology: The CSA expanded engagement through its CSA Collaboratory, launching Project Tokenization to examine how tokenized financial products intersect with Canadian securities law. Engagement included discussions with more than 240 organizations across the tokenization value chain. The CSA also advanced efforts to assess the impact of artificial intelligence on capital markets.
Focus on systemic risk: The CSA published its fourth annual Systemic Risk Survey and 2025 Systemic Risk Committee Annual Report , identifying trade and geopolitical risks, cyber vulnerabilities and household debt as leading concerns identified by market participants.
The report indicates that the CSA will continue to prioritize competitiveness and investor protection while monitoring emerging risks including artificial intelligence and tokenization.