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Letter Summary:
The Canadian Securities Administrators (CSA) are seeking feedback on several consultation questions regarding its Staff Notice and Consultation 11-348 Applicability of Canadian Securities Laws and the use of Artificial Intelligence Systems in Capital Markets, which aims to provide clarity and guidance on how securities legislation applies to the use of AI systems by market participants including registrants, non-investment fund reporting issuers, marketplaces, and marketplace participants, clearing agencies and matching service utilities, trade repositories, designated rating organizations, and designated benchmark administrators.