The Canadian Securities Transition Office is a federal organization with a mandate to help develop capital markets regulatory capabilities falling within the jurisdiction of the Government of Canada.

Our mandate includes :

Systemic Risk

Helping to prepare for the successful administration of the proposed federal Capital Markets Stability Act

The Cooperative System

Providing support for the establishment of the Cooperative Capital Markets Regulatory System

Advice to Government

Providing advice to the Department of Finance Canada

Systemic Risk

The Transition Office is helping to prepare for the successful administration of the proposed federal Capital Markets Stability Act.

We are developing information and analytic tools to monitor the Canadian capital markets on a national basis, and have started to identify potential gaps in data currently reported. We have begun to develop indicators and indices to help detect imbalances and the build-up of risk that might lead to future financial crises, and are also developing and testing approaches for assessing and mitigating identified systemic risks. In many circumstances, mitigating risks will require close collaboration and coordination with other federal and provincial regulatory agencies.

Mirroring work already done in countries around the world to ensure financial benchmarks are reliable, available, and warrant investors’ confidence, we are also developing an inventory of benchmarks used in the Canadian capital markets, as well as establishing a process to assess their systemic importance.

The Cooperative System

The governments of Canada, British Columbia, Ontario, Saskatchewan, New Brunswick, Prince Edward Island, Nova Scotia, and Yukon have agreed to implement the Cooperative Capital Markets Regulatory System. The Cooperative System is designed to streamline the capital markets regulatory framework to protect investors, foster efficient capital markets and manage systemic risk while preserving strengths of the current system. We have been supporting the development of the Cooperative System since that project began in 2013.

The Transition Office is also providing support to the Capital Markets Authority Implementation Organization, an interim entity created by the participating governments to lead the work to integrate the participating regulatory organizations into the proposed Capital Markets Regulatory Authority.

Advice to Government

The Transition Office is providing advice to the federal Department of Finance’s Financial Sector Policy Branch on the proposed federal Capital Markets Stability Act, the Cooperative System, and regulation of the Canadian capital markets more generally.