January 08, 2020
On November 19, 2019, the Ontario Securities Commission (“OSC”) released a report entitled Reducing Regulatory Burden in Ontario’s Capital Markets (the “Report”). The Report sets out 107 decisions and recommendations designed to reform Ontario’s securities regulatory regime by reducing the regulatory burden for participants in Ontario’s capital markets. The potential reforms affect all capital market participants, including public companies, investment funds, all securities registrants and derivatives participants.
In November 2018, the OSC established a Burden Reduction Task Force to identify ways to increase competitiveness for Ontario businesses. As part of this initiative, the OSC consulted with stakeholders to gather feedback on unnecessary burden. Through the ongoing consultations the OSC received 69 comment letters and 199 suggestions on how to improve capital markets regulation. The OSC grouped those suggestions into 38 underlying concerns. The Report, in response to...
Read More »