Regulators withdraw policy on TV and radio ads

By Staff | September 12, 2013 | Last updated on September 12, 2013
1 min read

In conjunction with CSA Staff Notice 11-323 Withdrawal of Notices and Policies, the Alberta Securities Commission and the British Columbia Securities Commission have announced the withdrawal or revocation of National Policy 42 Advertising of Securities on Radio or Television (NP 42).

Read: OSC to mystery shop, target advisor titles

NP 42 was first adopted in 1989 when the Canadian Radio and Television Commission (the CRTC) removed regulations around advertising securities on radio and television. Staff at the ASC and BCSC are of the view that NP 42 is no longer necessary in light of other guidance and information that has been published by various members of the Canadian Securities Administrators (CSA) since NP 42 was adopted. These include:

Securities legislation in all provinces and territories also includes prohibitions against misrepresentation, which apply regardless of the form of advertising being used.

Also read:

CSA reviews proxy voting infrastructure

CSA won’t rein in venture issuers staff


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