Canadian Securities Regulators Seek Comments on Enhancing Regulation and Transparency in the Fixed Income Market

The Canadian Securities Administrators (CSA) today published for comment CSA Staff Notice 21-315 Next Steps in Regulation and Transparency of the Fixed Income Market, which describes the CSA’s plan to enhance fixed income regulation.

The Notice sets out the steps CSA staff are taking to improve market integrity, evaluate access to the fixed income market and facilitate more informed decision making among market participants.

“Ensuring fixed income data is available to regulators and enhancing corporate debt transparency are significant steps in modernizing the regulatory framework for the fixed income market,” said Louis Morisset, CSA Chair and President and CEO of the Autorité des marchés financiers. “The CSA’s plan covers these key areas and lays the groundwork for future policy work.”

The CSA is working with the Investment Industry Regulatory Organization of Canada to implement the transparency proposal described in this notice and evaluate access to the fixed income market.

The CSA Staff Notice can be found on CSA members’ websites. The 45-day comment period will close on November 1, 2015.

The CSA, the council of the securities regulators of Canada’s provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.