The Authority publishes the summary of its supervisory and regulatory activities in matters of corporate financing

Class in: Deals
Subject : GIC

MONTREAL, May 9, 2024 /CNW/ -The Financial Markets Authority (the Authority) today publishes the annual summary of the main supervisory and regulatory activities carried out by the Principal Directorate of Corporate Finance during the year ended December 31, 2023 .

Despite a good performance of the stock markets, we observed in 2023, in Qubec as in Canada and in the United States, a continued slowdown in prospectus financing, noted Hugo Lacroix, superintendent of the securities markets of the Authority. Despite this situation, we note the resilience of Quebec companies, which have raised significantly higher amounts of financing on the exempt market.

After painting a portrait of the market capitalization and financing operations of Quebec companies, the summary presents the main observations raised by the Authority during its monitoring activities and provides indications to help industry stakeholders produce placement and continuous information documents that comply with applicable regulations.

As in past years, the Authority also presents an overview of recent and ongoing regulatory initiatives, which mainly relate to projects aimed at optimizing the compliance burden and environmental, social and governance issues.

Finally, the last section of the summary addresses subjects of interest, in particular the latest developments related to the supervision of cryptoasset trading platforms and the involvement of the Authority at the international level.

About the Financial Markets Authority

As a regulator, the Financial Markets Authority acts to ensure that the financial sector remains dynamic, integrated and worthy of public trust. Its management activities affect, in whole or in part, the sectors of insurance, deposit institutions, securities and derivative instruments, the distribution of financial products and services as well as mortgage brokerage and credit assessment. .

ADDITIONAL INFORMATION

Source Financial Markets Authority

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