CSA releases Annual Enforcement Report for fiscal year 2020/2021


On June 22, 2021, the Canadian Securities Administrators (the CSA) released their annual Enforcement Report [PDF] for the 2020/2021 fiscal year. Building on the emphasis placed on collaboration and cooperation in recent years (as we have written), this year’s report emphasizes the fact that collaboration amongst regulators was particularly important in the face of the COVID-19 pandemic.

CSA and the COVID-19 pandemic

The report highlights that the initial urgency of the pandemic mandated a high degree of cooperation between CSA members and constant coordination with law enforcement, self-regulated organizations, federal counterparts and foreign regulators through the International Organization of Securities Commissions. Furthermore, throughout the pandemic, the CSA enforcement committee helped members investigate and prosecute multijurisdictional securities law violations by sharing tools and techniques.

According to the report,…

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