Canadian securities regulators say they are expecting to finalize their registration reform proposals by the summer and hope to have them adopted by the end of September.

For several years now, the Canadian Securities Administrators have been working on an overhaul of the registration regime, which would, among other things, rationalize the registration categories, change the basis for registration and impose greater regulatory requirements on market players that are under direct oversight of the commissions.

This past November, the CSA said that it expected to complete work on the proposed reforms by the end of April. Today, in a staff notice, it said that it expects to submit the reforms to the CSA members for approval in June, with the intention of publishing it in mid-July.

The reforms will come into force at the end of September if the appropriate government authorities in each jurisdiction approve them, the CSA said.