The Canadian Securities Administrators has proposed a single national framework for the information technology systems of key market infrastructure entities. The rule would consolidate existing IT requirements into more consistent language and standards, with the aim of strengthening critical systems and supporting the stability, efficiency and integrity of Canadian financial markets. The framework would apply to marketplaces, clearing agencies, trade repositories, information processors and matching service utilities. The consultation also seeks input for a second phase of the project on aligning the framework with international standards and addressing issues related to emerging technologies.
Canadian Securities Administrators launches consultation on harmonized IT system integrity framework
The Canadian Securities Administrators has proposed a harmonized national framework for the IT systems of key market infrastructure entities. It would consolidate existing requirements and covers marketplaces, clearing agencies, trade repositories, information processors and matching service utilities, while seeking input on international alignment and emerging technologies.