On December 20, 2007, the CSA announced the formation of a working group (the CSA ABCP Working Group or the Committee) to consider securities regulatory issues stemming from the Credit Turmoil and to make recommendations to the chairs of the CSA on appropriate regulatory responses. The Committee consists of representatives of the British Columbia Securities Commission, the Alberta Securities Commission, the Ontario Securities Commission and the Autorité des marchés financiers du Québec.

The chairs of the CSA asked the Committee to prepare and issue this consultation paper for public comment. The purpose of this paper is to set out the Committee's proposed responses to the causes of the Credit Turmoil for which securities regulatory action is necessary or appropriate, and to seek public comment on the Committee's proposals. 

• Consultation Paper