CSA releases 3-year business plan

CSA has released its three-year business plan for the period April 1, 2013 through to March 31, 2016.

“The plan sets out, in a clear and comprehensive manner, the priorities the CSA has committed to pursue over the next three years,” says Bill Rice, chair of the CSA and chair and CEO of the Alberta Securities Commission. “The plan itself is not static and over its life will be supplemented and influenced by capital market events and regulatory responses to these events.”

Read: Disclosure is broken: CSA best interest roundtable The plan is designed to reflect CSA members’ commitment towards enhancement of the Canadian regulatory framework, with particular emphasis on the implementation of investor protection initiatives.

Key CSA priorities include:

• retail investor protection;
• capital raising by small and medium sized enterprises and review of available prospectus exemptions;
• shareholder democracy and protection;
• market regulation; and
• enforcement effectiveness.

Read: CSA requires delivery of fund facts

While the CSA will give priority to the plan’s initiatives over the next three years, regulators are strongly committed to ongoing initiatives and will be ready to address any new issues and challenges that might arise in Canada’s evolving capital markets.

The plan can be found on the CSA and various members’ websites.

Staff

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