CSA Staff Notice: 33-308 - The CSA STP Readiness Assessment Survey Report (Survey Report) is Now Available on the OSC Website

The Canadian Securities Administrators (CSA), a council of the 13 securities regulators of Canada's provinces and territories, believe that straight-through processing (STP) is an extremely important initiative. The CSA provided a STP Readiness Assessment Survey ("Survey") to Canadian registrant and non-registrant firms ("Firms") to assess the preparedness of the industry in Canada for STP.

The Survey was available online from May 9 to May 30, 2003. The CSA asked investment dealers, mutual fund dealers, investment counsels and/or portfolio managers, limited market dealers, mutual fund managers, discount brokers (Quebec registrant category), and unrestricted brokers (Quebec registrant category) to complete the Survey. We asked nearly 998 Firms to participate in the Survey and received 732 responses (a 73% response rate). The CSA has tabulated the results and has posted the Survey Report on the OSC website.

To view the Survey Report, please visit the OSC website at www.osc.gov.on.ca.

We thank all Firms who have taken the time to complete the voluntary Survey.

For more information on the STP initiative, please visit the OSC website at www.osc.gov.on.ca and the Canadian Capital Markets Association (CCMA) website at www.ccma-acmc.ca.

For further information regarding the Survey Report, please contact:

Emily Sutlic
Legal Counsel, Market Regulation
Capital Markets Branch
Ontario Securities Commission
Phone: 416-593-2362
Fax: 416-595-8940
E-mail: [email protected] 

Veronica Armstrong
Senior Policy Advisor
British Columbia Securities Commission
Phone: (604) 899-6738
Fax: (604) 899-6814
E-mail: [email protected] 

Patricia Leeson
Legal Counsel
Alberta Securities Commission
Phone: 403-297-5222
Fax: 403-297-6156
Email: [email protected] 

Nicolas Roy
Special Advisor to the Chair
Commission des valeurs mobilières du Québec
Tel: (514) 940-4581
Fax: (514) 864-6381
Email: [email protected]