In February 2020, the Capital Markets Modernization taskforce
was appointed by the Ontario government to provide
"recommendations to reduce regulatory burden and ensure a
level playing-field for all market participants, while improving
investor experience and protection."
After hearing from hundreds of stakeholders, releasing a
consultation report, and receiving ongoing input by an expert
advisory group, the final report includes 74 recommendations
"intended to modernize Ontario's capital markets and drive
innovation, competition and diversity, resulting in job and wealth
creation."
The final report contains recommendations on governance,
competitiveness, leveling the playing field between small and large
market players, improving the proxy system, fostering innovation
and modernizing enforcement. These are intended to address the
challenges faced by businesses, intermediaries and investors alike.
As of now, these are still just recommendations, and have not
