April 8, 2025
ACVM
Calgary -The first time meeting of the common forum of the regulatory bodies of the financial market (common forum), which took place this time in Calgary, Alberta, has just ended. This forum associates members of the Canadian Council for Insurance Regulations (CCRRA), Canadian bodies in securities (ACVM) and the Canadian Association of Pension Organizations (ACor), as well as representatives of Canadian insurance regulatory organizations (OCRA) (CCARC).
The common forum welcomed the new leaders. Tolga Yalkin, appointed CEO The Office for the Financial Services of the British Colombia January 13, 2025, and Dexter John, whose appointment by Ontario Authority for Regulatory Financial Services (ARSF) entered 1er March 2025, attended a meeting. Loyola Power, named superintendant of securities from Newfoundland and Labrador 31 December 2024, and Valerie Seager, appointed President and CEO Nova Scotia Securities Commission 17th February 2025 was also in number.
Huston Loe, President of CCRRA and Vice -President of the Director, supervision of the industrial practices of ARSF, who chaired the Assembly this year, welcomed new members. “The common forum is an excellent opportunity for the financial market regulatory bodies He said for cooperation and exchange, especially on emerging issues. In this period of economic uncertainty affecting Canadians, these exchanges are particularly important. »»
During the plenary session, the common forum was attended by a presentation submitted by members of ACVM, who recently published the opinion of ACVM and consulting staff 11-348. Usability of the Canadian Act on Securities to use artificial intelligence systems on capital markets. In addition to clarifying the participants in the capital markets and the indications on the way in which the legislation in securities applies to the use of current monitoring and regulation approaches in this regard, as well as for use in this respect, as well as adjusting current approaches in this respect.
“Regulatory authorities know that market participants seek to acquire the responsible use of AI systems to keep Canadian capital markets safe and competitive,” said Magidson, President of ACVMS and President and CEOAlbert Securities Commission. “This consultation is a big step towards achieving our goal, which is to support responsible innovations so that market participants and market investors can use AI systems that experience rapid development and that the risks are reasonably weakened”. »» »» »»
Members of the common forum also had an immense privilege to hear the speaker Honor John Parisella, CM, OQ, former chief of the Prime Minister Robert Bourass and Daniel Johnson (son). In 2017, Mr. Parisella was appointed officer of the National Order in Quebec and a member of the Canadian Order in 2017. Based on his huge experience with Canadian and international politics, this guest of the brand has thrown a very interesting light on the political context, which is currently observed on the world scene.
“Today’s meeting clearly shows the value of the common forum and the role of the first plan of regulatory bodies in terms of strengthening the regulatory framework and supervision in Canada,” said Angela Mazerolle, president of acor and vice president, regulatory activities for new consumers Brunswick. “Together we can increase the efficiency and efficiency in all industries we oversee, while responding to the new problems that appear.” »
ACVM The Council is composed of provincial and territorial authorities in securities in Canada. They coordinate and harmonize the regulation of capital markets in Canada.
Ccrra It is an intergovernmental association of associations of organizations for insurance regulation. Its mandate is to facilitate and promote Canadian regulations that effectively provide public interests.
Stem It is the National Association of Regulatory Organizations of Pension Plans, the mission of which is to facilitate the creation of an efficient and efficient system for regulating pension plans in Canada. It seeks to develop solutions and practical indications to improve coordination and increase the harmonization of regulatory principles concerning Canadian pension regimes.
Media: Contact the following people:
Russ Courtney
(English – Mispaing Media – Toronto)
Ontario for the regulation of financial services
(Protected by e -mail)
Sylvain Thetberge
(French – observation media – Montreal)
Financial Market Office
(Protected by e -mail)
Ilana Kelmen
Canadian Securities Authorities
(Protected by e -mail)
(Tagstotranslate) Canadian authorities in securities