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ARTICLE · 26 MARCH 2021

Capital Markets Modernization Taskforce Recommendations Part 2: Modernizing Capital Raising Requirements

The Capital Markets Modernization Taskforce was established in February 2020 and mandated to make recommendations to modernize Ontario's capital markets regulation.

CanadaCorporate/Commercial Law

The Capital Markets Modernization Taskforce was established in February 2020 and mandated to make recommendations to modernize Ontario's capital markets regulation. An initial report was published in July 2020 for consultation and received significant feedback. A product of input from over 110 stakeholders, the taskforce released its final report on January 22, 2021.

In Part 2 of this series we outline recommendations aimed at modernizing capital raising requirements. When Ontario's securities regulatory regime was first put into place, capital raising was typically done by way of a prospectus offering. Since then, alternative financing models have emerged. The taskforce has proposed a number of changes that will expand the options issuers have to raise funds both in public and private markets. 

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