February 19, 2021
In January 2021, the Province of Ontario’s Capital Markets Modernization Taskforce (the “Taskforce”) published its final report (the “Final Report”) with a main objective of amplifying growth and competitiveness in Ontario’s capital markets. The Final Report was published after receiving over 130 written submissions and speaking with multiple industry stakeholders. In late 2019, the Ontario government announced a review of Ontario’s capital markets regulatory framework, noting the 17-year absence since a similar review had been undertaken (i.e., the 2003 Crawford Committee Report) and established the Taskforce in February 2020. On July 9, 2020, the Taskforce delivered 47 “high impact” policy proposals in its consultation report (the “Consultation Report”). Please refer to our previous update for a summary of the Consultation Report.
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