On April 22, the Canadian Securities Administrators (‘CSA’) published for comments Proposed Amendments to National Instrument 14-101 Definitions and Consequential Amendment to

• National Instrument 14-101 Definitions (NI 14-101).

• National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103).

• National Instrument 45-106 Prospectus Exemptions (NI 45-106.

• National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues (NI 62-103).

• National Instrument 94-102 Derivatives: Customer Clearing and Protection of Customer Collateral and Positions (NI 94-102).

The Proposed Amendments aim at providing a uniform definition of “Canadian financial institution” that would include only Schedule I and II banks and exclude Schedule III banks or foreign banks from the definition.

Comments are due by July 21, 2021.