The Ontario Securities Commission (OSC) recently published OSC Staff Notice 11-784 – Burden
Reduction (the "Staff Notice")
seeking input on ways to reduce unnecessary regulatory burden in
Ontario's capital markets, and announcing a related roundtable
discussion to be held on March 27, 2019. The Staff Notice is the
latest in a series of initiatives by Canadian securities regulators
to reduce the burden of the Canadian securities regulatory regime
on participants in Canada's capital markets.
Background
Canadian Securities Administrators (CSA), including the OSC,
have a statutory mandate to protect investors from unfair, improper
and fraudulent practices while fostering fair and efficient capital
markets. Since 2017, the CSA have been exploring ways to reduce the
regulatory burden on market participants without compromising
investor protection or the efficiency of Canada's capital
markets. The goal of this initiative is to ensure regulatory
requirements and associated
