The Alberta Securities Commission has previously hosted a number of summer internships for University of Calgary Law Students. These internships support the business skills development of UCalgary Law students and provide valuable exposure to the securities industry.
The Alberta Securities Commission is the industry-funded regulator responsible for administering the province's securities laws. It is entrusted with fostering a fair and efficient capital market in Alberta and with protecting investors. As a member of the Canadian Securities Administrators (CSA), the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets. To learn more about the ASC, check out their website
Previous opportunities have included a position in the Market Regulation division, the New Economy Division, and the Enforcement division. For more information, check out the summer 2021 job descriptions below!
The Market Regulation division oversees the equities and derivatives marketplaces, registrants (dealers, advisers, and investment fund managers), and industry self-regulatory organizations (SROs). With a dynamic team of investment and financial professionals, they are involved in leading-edge projects aimed at balancing effective regulation with their stakeholders’ need for innovation and efficient capital markets.
The Summer Law Student will work in the legal team as a part of the Market Regulation division at the ASC. Key responsibilities will include:
- Assisting with the development of legal policy in relation to registrants, marketplaces, derivatives, clearing agencies, trade repositories and self-regulatory organizations.
- Assisting ASC staff who are responsible for the oversight of registrants, marketplaces, derivatives, clearing agencies, trade repositories and self-regulatory organizations.
- Researching novel areas of securities and derivatives and preparing well-written and detailed memoranda summarizing key legal issues
The New Economy division works closely with staff from across the ASC to coordinate efforts to facilitate capital raising by new economy companies entering the capital market, as well as to anticipate and act on issues and opportunities relating to emerging financial technologies. A key focus of this division is engagement with market participants to better understand the challenges new economy companies face in accessing capital or deploying new financial technologies, as well as to help market participants navigate the securities regulatory regime and enhance their awareness of relevant initiatives that may assist them.
Reporting to the Director, New Economy and working with staff across departments, the Summer Law Student will provide research and analytical support for the New Economy division. Key responsibilities will include:
- Reviewing, summarizing and providing a comparative analysis of regulation in foreign jurisdictions against corresponding requirements in Canada. For example, regulation of crypto-assets, and in particular, stablecoins in international jurisdictions.
- Compiling, reviewing and summarizing comments on small business initiatives.
- Assisting with the development of presentations.
- Attending CSA Regulatory Sandbox and New Economy Advisory Committee meetings
The Enforcement division enforces Alberta securities laws by investigating, and prosecuting breaches of those laws with a view to stopping current misconduct and preventing future misconduct.
The Summer Law Student will assist the Enforcement division with research and writing on various topics that are relevant to the division, as well as assisting ASC staff on Enforcement files. The Student will work primarily with the litigation team and will practice a variety of skills including:
- communicating through oral and written memoranda;
- managing assigned research projects, timing and reporting;
- collaborating with a team, brainstorming and strategizing.