BCSC takes joint oversight role over Canadian Securities Exchange

By Staff | April 26, 2019 | Last updated on April 26, 2019
1 min read

The British Columbia Securities Commission (BCSC) will join the Ontario Securities Commission in overseeing the Canadian Securities Exchange (CSE), the commission announced Friday.

The CSE, which is operated by Toronto-based CNSX Markets Inc., has grown in the past few years, driven largely by cannabis listings, and now has about 500 companies trading shares on its platform.

“The B.C. Securities Commission brings extensive knowledge and experience to the public venture markets by virtue of its long history regulating the junior mining sector and overseeing the TSX Venture Exchange with the Alberta Securities Commission,” said Brenda Leong, BCSC chairwoman and CEO, in a release.

“We believe we can add significant value to supporting venture financing on CSE and managing issues unique to early-stage companies.”

B.C. is home to many CSE-listed companies, said the exchange’s CEO, Richard Carleton, in the release.

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The staff of Advisor.ca have been covering news for financial advisors since 1998.