Earlier this month, the Canadian Securities Administrators (CSA) published their first decision registering a crypto asset trading platform under their Regulatory Sandbox program. Wealthsimple Digital Assets Inc. (Wealthsimple) has been granted temporary exemptions from the prospectus requirements and certain requirements applicable to registrants (Exemptions) so that it can test its trading platform. The Exemptions provide, among other things, that Wealthsimple does not have to comply with the suitability determination requirements.

At AUM Law, we have extensive experience helping start-ups, including fintech firms, navigate the Canadian securities regulatory environment including the exempt market. If you are exploring a technologically innovative business model in the asset management sector, we can help you assess your chances of being accepted into a regulatory sandbox, engage with regulators on your behalf, and prepare the relevant documentation to get your business up and running. Please contact us for a free consultation today.

August 31, 2020