Key takeaways from CSA’s guidance on Canada’s public crypto-asset funds

By Adam Garetson and Crystal Park (August 15, 2023, 1:26 PM EDT) -- On July 6, 2023, the Canadian Securities Administrators (CSA) published Staff Notice 81-336 Guidance on Crypto Asset Investment Funds That Are Reporting Issuers (SN 81-336 or the Notice). The Notice provides guidance and outlines CSA staff’s observations and expectations regarding the operations of public investment funds that invest in digital or (cryptographic) assets (crypto-assets) such as Bitcoin and Ether (a public crypto asset fund) within the framework of National Investment 81-102 Investment Funds (NI 81-102)....