Recently, the Ontario Securities Commission, in coordination
with the Ministry of Finance, created a Burden Reduction Task Force. The goal of this
initiative is to enable Ontario's businesses and markets to
innovate, better compete with other jurisdictions and flourish as
the regulatory load is reduced while not diminishing the safeguards
in place for Ontario investors.
This Task Force will support the Government of Ontario's Open for Business Action Plan by identifying
short- medium- and long-term steps that can benefit Ontario by
facilitating increased competitiveness by saving money and time for
investors, issuers, registrants and other members in the financial
markets. The comprehensive consultation is fully supported by the
government and seeks to enable the transformation of inefficient
past practices.
