The Canadian Securities Administrators (CSA) has launched the CSA Collaboratory, a new program to assess the market impact and regulatory implications of emerging technologies and business models, and opened its first consultation on investment client data portability, including electronic Know-Your-Client (e-KYC) solutions, with the potential to progress to controlled testing. The initiative is being led by securities regulators in British Columbia and Alberta, with participation from regulators in Saskatchewan, Manitoba, New Brunswick and Nova Scotia. The CSA is seeking input on demand for and benefits of data portability solutions, how portability could mitigate investor risk, privacy and security considerations, relevant technological standards and innovations, and potential regulatory barriers. If the project advances to testing, eligible businesses could pilot tools or strategies within predefined parameters and timeframes, with direct feedback from CSA staff. Feedback is requested through CSA Multilateral Discussion Paper 11-406 by May 19, 2025. After reviewing comments, the CSA expects to publish an update on the CSA Collaboratory website, including likely discussion topics and a schedule, and it intends to coordinate as appropriate with other stakeholders and regulators, including the Canadian Investment Regulatory Organization (CIRO).
Canadian Securities Administrators 2025-02-18
Canadian Securities Administrators launches CSA Collaboratory and consults on client data portability and e-KYC solutions
The Canadian Securities Administrators (CSA) launched the CSA Collaboratory to evaluate the market impact and regulatory implications of emerging technologies, starting with a consultation on investment client data portability and electronic Know-Your-Client (e-KYC) solutions. Led by regulators in British Columbia and Alberta, the initiative seeks input on data portability's demand, benefits, and potential regulatory barriers. Eligible businesses may pilot solutions with CSA feedback if progressed.