Applicability of Canadian Securities Laws and the use of Artificial Intelligence Systems in Capital Markets

On December 5, 2024, the Canadian Securities Administrators issued CSA Staff Notice and Consultation 11-348 – Applicability of Canadian Securities Laws and the use of Artificial Intelligence Systems in Capital Markets. This Notice is an important read for securities registrants and other capital market participants if they are considering the use of AI in their securities business activities as it provides clarity and guidance on how securities legislation applies to the use of AI systems.