The Ontario Securities Commission (OSC) recently published OSC Staff Notice 11-784 Burden
Reduction, to announce its initiative aimed at identifying
ways it can reduce unnecessary regulatory burdens in the
province's securities regulations. The OSC explains that its
regulatory burden reduction efforts are intended to support the
Ontario government's Open for Business Action
Plan.
Regulation creates costs for the OSC and for businesses that
must comply with the requirements. Although effective regulation
supports market integrity and investor protection, an overly
burdensome regime creates inefficiencies that can hinder innovation
and competitiveness. By reducing unnecessary regulatory burdens,
the OSC aims to enhance the investor experience, and save time and
money for Ontario businesses.
