The Canadian Securities Administrators (CSA) have announced new amendments to National Instrument 81-102 Investment Funds, specifically targeting Public Crypto Asset Funds—reporting issuer investment funds that invest directly or indirectly in crypto assets.
The changes aim to provide clearer regulatory guidance, including the types of crypto assets these funds can hold, restrictions on such investments by all reporting issuer investment funds, and custody requirements for crypto assets held on behalf of these funds.
CSA Chair Stan Magidson emphasized the importance of investor protection and market stability, stating the updates are designed to provide regulatory guardrails in the fast-evolving crypto sector.
The amendments reflect the CSA’s effort to balance innovation with safety, enabling new crypto-based products while embedding investor protection into Canada’s investment fund framework. The CSA continues to harmonize and coordinate capital markets regulation across provinces and territories.
Source: Swifteradio.com
