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ARTICLE · 23 JULY 2019

No Longer "Beasts Of Burden" OSC Reduces Regulatory Load For Registrants On Two Fronts

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The Ontario Securities Commission ("OSC") recently announced two important changes to certain regulatory requirements applicable to registrants as part of its initiative to reduce the regulatory

CanadaFinance and Banking
Michael Burns
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The Ontario Securities Commission ("OSC") recently announced two important changes to certain regulatory requirements applicable to registrants as part of its initiative to reduce the regulatory compliance burden for participants in Ontario's capital markets: (i) investment fund managers ("IFMs") will no longer require exemptive relief to act as trustees of privately offered mutual fund trusts; and (ii) the receipt of Ministerial approval for amendments to OSC Rule 13-502 - Fees and OSC Rule 13-503 (Commodity Futures Act) Fees (collectively, the "Fee Rule") implementing the previously announced moratorium from January 1, 2019 to December 31, 2021 on fees charged in connection with the late reporting of outside business activities ("OBAs").

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