VANCOUVER – The Canadian Securities Administrators (CSA) is seeking to codify increases to the amount of funds that qualified listed issuers can raise without a prospectus, as the initiative continues to demonstrate strong uptake and effectiveness in supporting capital-raising in Canada while maintaining investor protection.

(Toronto) – In response to the release of the independent evaluator’s report of the Ombudsman for Banking Services and Investments (OBSI) published today, the Joint Regulators Committee (JRC) is issuing the following statement: The Canadian Securities Administrators (CSA) and the JRC have received a copy of the independent evaluator’s report. Both the CSA and the JRC thank them for their work and the time invested in conducting this thorough review. The findings of the independent evaluator are welcome as the CSA advances work on a proposed framework for an independent dispute resolution service with binding authority.

The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) is warning Saskatchewan residents about the online entity known as Profit Rings. Social media advertisements have promoted Profit Rings and directed users to a fake news article. The article falsely claims that Profit Rings is endorsed by Federated Co-operatives Limited (FCL) and by Scott Banda, whom the article incorrectly identifies as FCL's CEO. Mr. Banda is FCL's former CEO and retired in 2022.

TORONTO – The Canadian Securities Administrators (CSA) today published a consultation paper (the Consultation Paper) seeking stakeholder input on potential ways to modernize securities legislation for public companies.