Capital-guaranteed notes face CSA review



The Canadian securities regulator, the Canadian Securities Administrators (CSA), is reviewing how some hedge fund-linked products are being sold to retail investors. In particular, the CSA is looking at introducing new rules governing the sale of principal-protected notes, said David Wilson, chairman of the Ontario Securities Commission (OSC), while speaking at a Toronto securities conference last month.

In Canada, hedge funds can only be sold to sophisticated investors with an income of more

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