The New Brunswick Financial and Consumer Services Commission published an update on the Joint Forum of Financial Market Regulators’ annual meeting in Calgary, where members discussed emerging artificial intelligence (AI) systems and the economic environment, including the Canadian Securities Administrators’ (CSA) recent consultation on the use of AI systems in capital markets. The Joint Forum convenes members from the Canadian Council of Insurance Regulators, the CSA, the Canadian Association of Pension Supervisory Authorities, and representatives from Canadian Insurance Services Regulatory Organizations and the Mortgage Brokers’ Council of Canada. The plenary session referenced CSA Staff Notice and Consultation 11-348, which is intended to clarify how Canadian securities laws apply to market participants’ use of AI systems and to seek feedback on AI’s evolving role and potential changes to oversight and regulation. The meeting also welcomed newly appointed senior regulatory leaders and included a keynote address by John Parisella on the current global political context.
New Brunswick Financial & Consumer Services Commission 2025-04-08
New Brunswick Financial and Consumer Services Commission recaps Canada Joint Forum annual meeting spotlighting CSA consultation on AI in capital markets
The New Brunswick Financial and Consumer Services Commission reported on the Joint Forum of Financial Market Regulators’ annual meeting in Calgary, focusing on AI systems and the economic environment. Discussions included the Canadian Securities Administrators’ consultation on AI use in capital markets, aiming to clarify securities laws and gather feedback on AI's regulatory impact. The meeting also introduced new senior regulatory leaders and featured a keynote on global dynamics.