The Canadian Securities Administrators has published its 2025-2028 Business Plan, which focuses on capital markets, investors, innovation and technology, and systemic risk.
These areas represent CSA members’ priorities for the next three years. Under the plan, the group will maintain a regulatory framework backing globally competitive capital markets in the country. It will also bolster investor protection and confidence in the markets by addressing online fraud and misinformation, improving investor education, and implementing a binding dispute resolution mechanism.
The CSA will support capital market innovation in line with regulation that considers market participants’ changing business environments through a framework that facilitates exploring opportunities generated by emerging technology. Moreover, it will determine, evaluate, and respond to risks that threaten Canada’s financial market or wider economic stability.
The plan’s main objectives are to boost Canadian capital markets’ competitiveness and investor protection. While the group will aim to meet its goals, the CSA confirmed that it would remain adaptable to dynamic capital market conditions.
“Our business plan sets out ambitious initiatives to support our markets, businesses, and investors. It reflects the challenges of today’s global economy, changing investor expectations and rapid technological change,” said Stan Magidson, CSA chair and Alberta Securities Commission chair and CEO, in a statement.
He indicated that the group would continue to develop a framework integrating the perspective of Indigenous peoples and communities into relevant areas of securities regulation.
Magidson was reappointed CSA chair. Manitoba Securities Commission chair and CEO David Cheop also remains CSA vice-chair, while Ontario Securities Commission CEO Grant Vingoe remains policy coordination committee chair.
“Canada’s capital markets are navigating a period of rapid change—shaped by global economic uncertainty, evolving investor expectations, and technological transformation. In this environment, the CSA has a critical responsibility to maintain confidence in our markets as well as support their competitiveness,” Magidson said in a statement. “Regulation must evolve with our capital markets and respond to emerging risks and challenges.”