The legal department at the Manitoba Financial Services Agency provides legal support on matters related to registration, compliance, investigative and enforcement functions. This page will provide you with legal information including policies, notices, rules and laws. In this section you will also find information about current and concluded hearings, orders, exemptions and more.
The Manitoba Securities Commission issues notices to advise the financial industry and the public about regulatory developments. The Manitoba Securities Commission welcomes input from any interested party on the content of its notices and on any matter of interest to investors and the capital markets.
The following Notices, proposed National Instruments and Companion Policies have been published for comment (in PDF format).
| CSA/MSC Notice Number | Description | Final Date for Comments |
|---|---|---|
| CSA Notice 2024-15 | CSA Notice and Request for Comment Proposed Amendments to National Instrument 81-101 Mutual Fund Prospectus Disclosure, National Instrument 81-102 Investment Funds, National Instrument 81-106 Investment Fund Continuous Disclosure, National Instrument 81-107 Independent Review Committee for Investment Funds and Related Proposed Consequential Amendments and Changes – Modernization of the Continuous Disclosure Regime for Investment Funds – September 19, 2024 | Jan 17, 2025 |
| CSA Notice 2024-22 | CSA Notice of Republication and Request for Comment – Proposed Amendments and Proposed Changes to Implement an Access Model for Certain Continuous Disclosure Documents of Non-Investment Fund Reporting Issuers – November 19, 2024 | Feb 25, 2025 |
| CSA Notice 2024-23 | CSA Notice and Request for Comment Proposed Amendments to Multilateral Instrument 13-102 System Fees – November 21, 2024 | Feb 19, 2025 |
| CSA Notice 2024-24 | CSA Notice and Request for Comment Proposed Amendments to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations, National Instrument 81-101 Mutual Fund Prospectus Disclosure, National Instrument 81-102 Investment Funds and National Instrument 81-105 Mutual Fund Sales Practices and Proposed Changes to Companion Policy 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations, Companion Policy 81-102 Investment Funds and Companion Policy 81-105 Mutual Fund Sales Practices The Principal Distributor Model – November 28, 2024 | Feb 27, 2025 |
| CSA Notice 2025-1 | CSA Notice and Request for Comment Proposed Amendments to National Instrument 23-101 Trading Rules and Proposed Changes to Companion Policy 23-101 Trading Rules | Mar 24, 2025 |
| CSA Notice 2025-12 | CSA Notice and Request for Comment Proposed Repeal and Replacement of National Instrument 43-101 Standards of Disclosure for Mineral Projects | Oct 10, 2025 |
| CSA Notice 2025-13 | CSA Notice and Request for Comment Proposed Amendments to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations Prohibition on the Use of Chargebacks in the Distribution of Investment Fund Securities | Sep 24, 2025 |
| CSA Notice 2025-14 | CSA Consultation Paper 81-409 Enhancing Exchange-Traded Fund Regulation: Proposed Approaches and Discussion | Oct 17, 2025 |
| CSA Notice 2025-15 | CSA Notice and Request for Comment 25-314 Proposed approach to oversight and refinements to the proposed binding authority framework for an identified ombudservice – July 15, 2025 | Sep 8, 2025 |
| CSA Notice 2025-21 | CSA Notice and Request for Comment 25-314 Proposed approach to oversight and refinements to the proposed binding authority framework for an identified ombudservice – July 15, 2025 | Jan 6, 2026 |
| CSA Notice 2025-26 | CSA Notice of Publication and Request for Comment – Proposed Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers – October 23, 2025 | Dec 22, 2025 |
| CSA Notice 2025-27 | CSA Notice and Request for Comment – Proposed Amendments to National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure – November 13, 2025 | Feb 11, 2026 |
| CSA Notice 2025-29 | CSA Notice and Request for Comment – Proposed Amendments to National Instrument 81-102 Investment Funds and Proposed Changes to Companion Policy 81-102 Investment Funds and Consultation Paper on Liquidity Risk Management Tools, Liquidity Classification, and Regulatory Disclosure and Data – November 27, 2025 | Mar 27, 2026 |