BCSC Issues Notice on Fintech Regulation

The British Columbia Securities Commission (BCSC) released a notice summarizing the results of the BCSC’s fintech outreach activities in 2017, and is seeking input on potential regulatory action to clarify and modernize securities laws in British Columbia. The BCSC’s consultation activities were focused on the following areas: crowdfunding and online lending, online advisers, cryptocurrency funds, initial coin offerings and cryptocurrencies, and the future of fintech regulation.

The BCSC appears committed to ensuring that the regulatory environment remains competitive and fosters innovation while also giving investors confidence in the capital markets. 

Stakeholders with interests in fintech regulation should consider responding to the BCSC's request for comment on specific questions set out in the notice. 

You can access the notice here

DISCLAIMER: This post is intended to convey general information about legal issues and developments as of the date above. It does not constitute legal advice and must not be treated or relied on as such.