The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) have published a Joint Canadian Securities Administrators/Investment Industry Regulatory Organization of Canada Consultation Paper 21-402 Proposed Framework for Crypto-Asset Trading Platforms. The consultation paper seeks input on how regulatory requirements may be tailored for crypto-asset trading platforms operating in Canada.Themes mentioned in the consultation paper include how to address custody and verification of assets, price determination, market surveillance, systems and business continuity planning, conflicts of interest, crypto-asset insurance, as well as clearing and settlement. The consultation paper is available on the websites of CSA members and IIROC. Comments should be submitted by May 15, 2019.
