Definition
The ASC administers and enforces the Securities Act (Alberta) and related legislation. It is a CSA member regulator and the principal regulator for registrants whose principal office is in Alberta. The ASC has a particular focus on the energy sector given Alberta's concentration of oil and gas issuers; it has published guidance specific to resource issuer disclosure and oil and gas reserve reporting. The ASC operates as an independent, self-funded Crown agency reporting to the Alberta Minister of Finance. It can conduct investigations, hold hearings, and impose sanctions. Registrants with Alberta clients must comply with ASC-adopted rules including ASC-adopted National Instruments and any Alberta-specific instruments. The ASC has historically coordinated closely with the OSC and BCSC on enforcement matters involving large Canadian investment dealers.
Source
Securities Act (Alberta); albertasecurities.com