The Canadian Securities Administrators published an update on Canada’s Joint Forum of Financial Market Regulators’ annual meeting in Calgary, where insurance, securities and pension supervisors discussed emerging artificial intelligence systems and the wider economic and geopolitical environment. The plenary session featured the CSA’s Staff Notice and Consultation 11-348, which aims to clarify how Canadian securities laws apply to market participants’ use of AI systems and seeks feedback on the evolving role of AI and potential adjustments to regulatory oversight. The Joint Forum brings together members of the Canadian Council of Insurance Regulators, the CSA and the Canadian Association of Pension Supervisory Authorities, alongside representation from the Canadian Insurance Services Regulatory Organizations and the Mortgage Brokers’ Council of Canada. New senior leaders participated in the meeting, including British Columbia Financial Services Authority CEO Tolga Yalkin, Financial Services Regulatory Authority of Ontario CEO Dexter John, Newfoundland and Labrador Superintendent of Securities Loyola Power and Nova Scotia Securities Commission Chair and CEO Valerie Seager. Keynote remarks from John Parisella addressed the current global political context.
Canadian Securities Administrators 2025-04-08
Canadian Securities Administrators highlight AI regulatory consultation as Canada’s Joint Forum concludes annual meeting in Calgary
The Canadian Securities Administrators reported on the Joint Forum of Financial Market Regulators’ annual meeting in Calgary, focusing on artificial intelligence systems and the economic and geopolitical environment. The CSA’s Staff Notice and Consultation 11-348 aimed to clarify the application of Canadian securities laws to AI use and sought feedback on regulatory oversight adjustments. New senior leaders from various regulatory bodies participated, with keynote remarks addressing the global political context.