Artificial Intelligence Activity On The Enforcement Front - Technology - Canada

Artificial Intelligence ("AI") is clearly on the horizon of the regulatory landscape. Alongside the use of technology to assist with navigating the regulatory process, regulators are now digitizing their enforcement efforts. The Canadian Securities Administrators ("CSA")1 have approached this challenge head-on. In 2018, the CSA put the capital markets on notice that they were strengthening their technological capabilities to assist in fighting securities misconduct.2 The CSA confirmed they would rely on AI technology to analyze large data sets, allowing them to detect misconduct faster and earlier, through the Market Analysis Platform ("MAP"), an automated centralized solution that the CSA believed could handle the size of the current market practices.