Friday 26th April 2019

Resource Clips



OSC invites suggestions on reducing regulatory red tape

by Greg Klein | January 16, 2019

Some “outdated or unduly burdensome” requirements could be mitigated as the Ontario Securities Commission broadens discussion on reform. By canvassing written comments up to March 1 and scheduling a March 27 roundtable discussion, the OSC hopes to find “short, medium and long-term actions to reduce regulatory burden.”

OSC invites suggestions on reducing regulatory red tape

Some specific topics include:

  • Finding operational or procedural changes to make interaction with the OSC easier or less costly

  • Providing greater certainty on regulatory requirements or outcomes

  • Streamlining or reducing forms and filings

  • Addressing unnecessary or unduly burdensome filings

  • Providing OSC info more efficiently

Respondents can reply via online form by March 1 and also indicate whether they want to take part in the March 27 roundtable. The OSC website will post more info including an agenda and list of participants in the coming weeks.

Following the roundtable, suggestions go to a Burden Reduction Task Force created in November, which will also consider the regulatory regimen from an investor’s perspective. Among issues to be considered is the use of plain language in regulatory disclosure.

“Our markets and businesses are better able to compete, innovate and flourish when we lighten the regulatory load while maintaining strong protections for Ontario investors,” said OSC chairperson/CEO Maureen Jensen.

Share |

View All: News Stories