The Canadian Securities Administrators (CSA) issued a notice and request for comment on a proposed amendment to Part 9 of National Instrument 55-104, aiming to clarify how the insider reporting regime applies to transactions involving investment funds and certain structured products. The proposal targets transactions in products such as structured notes, American Depositary Receipts and Canadian Depositary Receipts that are based on securities of the reporting insider’s reporting issuer. Comments are open for 60 days and close on June 8, 2026, with submissions to be made using the process set out in the notice available on CSA members’ websites.
Alberta Securities Commission 2026-04-09
Canadian Securities Administrators consult on amendments to clarify insider reporting for investment fund and structured product transactions
The Canadian Securities Administrators issued a notice and request for comment on proposed amendments to Part 9 of National Instrument 55-104 to clarify the application of the insider reporting regime to transactions involving investment funds and certain structured products. The proposal covers products such as structured notes, American Depositary Receipts and Canadian Depositary Receipts based on securities of the reporting insider’s reporting issuer.