The Canadian Securities Administrators (CSA) have released their annual Year in Review, detailing the progress made from July 1, 2023, to June 30, 2024, toward achieving the strategic goals set out in the 2022-2025 Business Plan.
“I am thankful for the hard work and dedication demonstrated by CSA members to protect investors, foster fair and efficient markets, reduce risks to capital markets, and maintain market integrity while retaining regional flexibility and innovation,” said Stan Magidson, CSA chair and chair and CEO of the Alberta Securities Commission. “The Year in Review reflects the strength and adaptability of the CSA’s pan-Canadian approach to harmonizing regulation across Canada.”
The report outlines several significant achievements and ongoing policy work aimed at keeping investors and market participants informed through comprehensive research and analysis. This work provides insights into Canadian investing trends and supports practices that reduce financial vulnerabilities in Canadian capital markets.
The CSA issued 1,054 investor alerts, cautions, and warnings, with over half related to crypto. These efforts aim to protect the public from potential financial threats. The Systemic Risk Committee’s 2023 report on capital markets assesses key trends and vulnerabilities in the financial system and details the CSA’s efforts to monitor and address these risks.
The CSA issued 46 publications about the final adoption of rule changes, consultations, blanket orders, and guidance on policy developments, ensuring transparency and keeping market participants informed. The CSA's check registration and human disclaimers campaigns reached over 5.4 million Canadians, promoting informed investment decisions.
Enforcement proceedings resulted in banning 64 individuals and 39 companies from participating in the capital markets. Additionally, the CSA took enforcement action in 15 crypto-related matters to uphold market integrity.
Significant international political and social events, developments in emerging technologies, and environmental, social, and governance (ESG) considerations have influenced the CSA's efforts over the past year. Investor behaviours have also played a crucial role in shaping the CSA’s approach. The organization continuously monitors these factors, considering their implications for its work.
The CSA has also actively sought feedback from Canadian market participants on various initiatives, incorporating diverse perspectives into its work. The 2023-2024 Year in Review is available in English and French on the CSA’s website, where free investor tools and resources are also provided to help Canadians make informed investment decisions.