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CSA and CIRO exclude sports and entertainment event contracts from Canadian securities rules

Regulation

Canada’s CSA and CIRO issued joint guidance on 27 August stating that sports- and entertainment-based event contracts should not be regulated under securities and derivatives legislation. The notice distinguishes those contracts from financial event contracts and clarifies the role of provincial gaming regulators, the CSA said.

The guidance places oversight of sports-related event contracts outside securities rules, leaving provincial gaming authorities central to their regulation.

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