Law & Policy

Request for Comments

The Commission issues notices to advise both industry and the public about regulatory developments. The Commission welcomes input from any interested party on the content of its notices, and any matter of interest to investors and the markets. For an explanation to the CSA Numbering System please click here.

The following Notices, proposed National Instruments and Companion Policies have been published for comment (in PDF format).

 
CSA/MSC Notice Number Description Final Date for Comments
CSA Notice 2024-15 CSA Notice and Request for Comment Proposed Amendments to National Instrument 81-101 Mutual Fund Prospectus Disclosure, National Instrument 81-102 Investment Funds, National Instrument 81-106 Investment Fund Continuous Disclosure, National Instrument 81-107 Independent Review Committee for Investment Funds and Related Proposed Consequential Amendments and Changes - Modernization of the Continuous Disclosure Regime for Investment Funds – September 19, 2024 Jan 17, 2025
CSA Notice 2024-22 CSA Notice of Republication and Request for Comment – Proposed Amendments and Proposed Changes to Implement an Access Model for Certain Continuous Disclosure Documents of Non-Investment Fund Reporting Issuers – November 19, 2024 Feb 25, 2025
CSA Notice 2024-23 CSA Notice and Request for Comment Proposed Amendments to Multilateral Instrument 13-102 System Fees – November 21, 2024 Feb 19, 2025
CSA Notice 2024-24 CSA Notice and Request for Comment Proposed Amendments to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations, National Instrument 81-101 Mutual Fund Prospectus Disclosure, National Instrument 81-102 Investment Funds and National Instrument 81-105 Mutual Fund Sales Practices and Proposed Changes to Companion Policy 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations, Companion Policy 81-102 Investment Funds and Companion Policy 81-105 Mutual Fund Sales Practices The Principal Distributor Model – November 28, 2024 Feb 27, 2025
CSA Notice 2025-1 CSA Notice and Request for Comment
Proposed Amendments to National Instrument 23-101 Trading Rules and Proposed Changes to Companion Policy 23-101 Trading Rules
Mar 24, 2025
CSA Notice 2025-12 CSA Notice and Request for Comment Proposed Repeal and Replacement of National Instrument 43-101 Standards of Disclosure for Mineral Projects Oct 10, 2025
CSA Notice 2025-13 CSA Notice and Request for Comment Proposed Amendments to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations Prohibition on the Use of Chargebacks in the Distribution of Investment Fund Securities Sep 24, 2025
CSA Notice 2025-14 CSA Consultation Paper 81-409 Enhancing Exchange-Traded Fund Regulation: Proposed Approaches and Discussion Oct 17, 2025
CSA Notice 2025-15 CSA Notice and Request for Comment 25-314 Proposed approach to oversight and refinements to the proposed binding authority framework for an identified ombudservice – July 15, 2025 Sep 8, 2025
CSA Notice 2025-21

CSA Notice and Request for Comment 25-314 Proposed approach to oversight and refinements to the proposed binding authority framework for an identified ombudservice – July 15, 2025

Jan 6, 2026
CSA Notice 2025-26 CSA Notice of Publication and Request for Comment – Proposed Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers – October 23, 2025 Dec 22, 2025
CSA Notice 2025-27 CSA Notice and Request for Comment – Proposed Amendments to National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure – November 13, 2025 Feb 11, 2026
CSA Notice 2025-29 CSA Notice and Request for Comment – Proposed Amendments to National Instrument 81-102 Investment Funds and Proposed Changes to Companion Policy 81-102 Investment Funds and Consultation Paper on Liquidity Risk Management Tools, Liquidity Classification, and Regulatory Disclosure and Data - November 27, 2025 Mar 27, 2026