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ARTICLE · 26 NOVEMBER 2019

Ontario Securities Commission Introduces Regulatory Burden Reduction Plan

Borden Ladner Gervais LLP
Borden Ladner Gervais LLP
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Borden Ladner Gervais LLP

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On November 19, 2019, the Ontario Securities Commission announced proposed regulatory changes resulting from its burden reduction task force.

CanadaCorporate/Commercial Law
BLG'S Financial Services Regulatory Group
BLG'S Financial Services Regulatory Group
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On November 19, 2019, the Ontario Securities Commission announced proposed regulatory changes resulting from its burden reduction task force. The task force had conducted a study of the regulatory environment, with a focus on enhancing competitiveness for Ontario businesses by saving time and money for issuers, registrants, investors and other capital market participants. The task force conducted a stakeholder consultation, and received 69 comment letters and 199 suggestions on how to make things better. Ultimately, these identified 38 underlying concerns that the task force's recommendations are aimed at addressing. BLG's comment letter set out a number of recommendations and we will be reviewing the final report to see how many of our proposals have been picked up. Prema Thiele and Manoj Pundit, both partners in BLG's Securities and Capital Markets Group participated in the roundtable stakeholder consultations.

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