CSA Proposes Amendment to Insider Reporting for Investment Funds and Structured Products
Summary
The Canadian Securities Administrators published a notice and request for comment on a proposed amendment to Part 9 of National Instrument 55-104, clarifying insider reporting obligations for transactions involving investment funds and structured products such as structured notes, ADRs, and CDRs. The 60-day comment period closes June 8, 2026.
What changed
The CSA proposes amendments to Part 9 of National Instrument 55-104 to clarify insider reporting requirements for transactions involving investment funds and structured products, including structured notes, American Depositary Receipts (ADRs), and Canadian Depositary Receipts (CDRs) based on securities of the reporting insider's reporting issuer.
Reporting insiders, public companies, and investment fund managers should prepare to review their insider reporting policies and submit comments by June 8, 2026. The proposed clarification will affect how insiders report transactions in these financial instruments and may require updates to compliance procedures.
What to do next
- Submit comments on the proposed amendment by June 8, 2026
- Review insider reporting obligations for investment fund and structured product transactions
Archived snapshot
Apr 10, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
TORONTO – The Canadian Securities Administrators (CSA) today published a notice and request for comment on a proposed amendment to Part 9 of National Instrument 55-104 Insider Reporting Requirements and Exemptions.
The proposed amendment is intended to clarify the insider reporting regime applicable to transactions involving investment funds, and certain structured products, such as structured notes, American Depositary Receipts and Canadian Depositary Receipts, that are based on securities of the reporting insider’s reporting issuer.
The CSA welcomes feedback on the proposed amendment. The 60-day comment period closes June 8, 2026. Stakeholders are encouraged to submit their comments using the method set out in the notice, which is available on CSA members’ websites.
The CSA, the council of securities regulators of Canada’s provinces and territories, coordinates and harmonizes regulation for the Canadian capital markets.
For investor inquiries, please contact your local securities regulator.
For media inquiries, please contact:
- Ilana Kelemen Canadian Securities Administrators media@acvm-csa.ca
- Debra Chan Ontario Securities Commission media_inquiries@osc.gov.on.ca
Named provisions
Related changes
Get daily alerts for CSA News (Canadian Securities)
Daily digest delivered to your inbox.
Free. Unsubscribe anytime.
About this page
Every important government, regulator, and court update from around the world. One place. Real-time. Free. Our mission
Source document text, dates, docket IDs, and authority are extracted directly from CSA.
The plain-English summary, classification, and "what to do next" steps are AI-generated from the original text. Cite the source document, not the AI analysis.
Classification
Who this affects
Taxonomy
Browse Categories
Get alerts for this source
We'll email you when CSA News (Canadian Securities) publishes new changes.
Subscribed!
Optional. Filters your digest to exactly the updates that matter to you.