This document details a pre-registration undertaking provided by Payward Canada Inc., operating globally under the business name Kraken, to the Ontario Securities Commission (Principal Regulator) and the Canadian Securities Administrators (CSA). Dated March 24, 2023, the undertaking outlines the commitments Payward Canada Inc. makes as it seeks registration and exemptive relief to operate its proprietary internet-based platform for trading crypto assets in Canada.
The undertaking covers various aspects of Payward Canada Inc.'s operations, including business conduct, systems of control and supervision, capital requirements, risk management, and reporting obligations. It ensures compliance with securities legislation and regulatory expectations during the pre-registration period.
For further information on the pre-registration process and related guidance, please refer to CSA Staff Notice 21-332.
