The Canadian Securities Administrators (CSA) published amendments to National Instrument 81-102 Investment Funds targeting reporting issuer investment funds that invest directly or indirectly in crypto assets (Public Crypto Asset Funds). The changes aim to provide clearer regulatory requirements for how these public funds can access crypto assets and how those assets must be safeguarded. The amendments address three core areas: criteria for the types of crypto assets Public Crypto Asset Funds are permitted to purchase or hold, restrictions on crypto asset investing by Public Crypto Asset Funds and other reporting issuer investment funds, and custody requirements for crypto assets held on behalf of a Public Crypto Asset Fund.
Canadian Securities Administrators 2025-04-17
Canadian Securities Administrators amend investment fund rules for public crypto asset funds by setting crypto asset eligibility, investment restrictions and custody requirements
The Canadian Securities Administrators (CSA) have amended National Instrument 81-102 Investment Funds to clarify regulations for Public Crypto Asset Funds. The amendments specify criteria for permissible crypto assets, impose restrictions on crypto asset investments, and outline custody requirements for assets held by these funds.