Joint Statement by the Canadian Securities Administrators and the Investment Industry Regulatory Organization of Canada on Recent Market Volatility

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TORONTO, February 1, 2021 / CNW / – The Canadian Securities Administrators (CSA) and the Investment Industry Regulator of Canada (IIROC) closely monitor how extreme fluctuations in the prices of certain securities may contribute to market volatility. from Canada capital markets. We will take appropriate regulatory action to protect investors if we identify that abusive or manipulative business activity may be taking place.

With a strong infrastructure for market surveillance and oversight in place, Canadian regulators work closely together to protect investors while ensuring that markets operate in an orderly manner and with integrity. We monitor market activity in real time to support the health of Canadian financial markets and protect investors. from Canada capital markets remain strong.

The CSA and IIROC continue to be in close contact with regulators at home and abroad, recognizing that trade and market volatility does not end at borders.

We also remain in close contact with regulated entities and will continue to monitor issuers’ compliance with disclosure obligations regarding any material item that could affect their share price.

We caution investors to consider the source of information and advice on which they rely in making investment decisions. Online chat rooms are unregulated and may contain information that is inaccurate or inappropriate for certain investors. Investors should always verify the registration of any person or company trying to sell them an investment or give them investment advice. To do this, investors can visit AreRecorded.ca or IIROC database advisers working for firms regulated by IIROC.

The CSA and IIROC will continue to work to protect investors from inappropriate and unfair practices in the capital markets.

About ASC:

The CSA, the Council of Securities Regulators from Canada provinces and territories, coordinates and harmonizes the regulation of Canadian financial markets.

About IIROC:

IIROC is the pan-Canadian self-regulatory organization that oversees all investment dealers and their trading activities in from Canada debt and equity markets. IIROC sets high quality regulatory and investment standards, protects investors and strengthens market integrity while supporting healthy Canadian capital markets. IIROC fulfills its regulatory responsibilities by establishing and enforcing rules regarding the competence, business and financial conduct of 175 Canadian investment firms of various sizes and business models, and their more than 30,000. registered employees. IIROC also establishes and enforces market integrity rules with respect to trading activity in the Canadian debt and equity markets.

Sean Hamilton
Securities regulator of Canada
[email protected]

SOURCE Canadian Securities Administrators

For further information: Ilana Kelemen, Canadian Securities Administrators, [email protected]; Kristen Rose, Ontario Securities Commission, [email protected]

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