Ontario task force to recommend capital markets regulation changes

Ontario task force to recommend capital markets regulation changes
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TORONTO — The province has appointed a task force to review Ontario’s capital markets regulations and recommend how they can be modernized.

The Ministry of Finance says in a statement that executives with experience at Aimia Inc., Sun Life Financial Inc., GMP Securities LP, Norton Rose Fulbright and Kingsdale Advisors will form the task force.

The task force will provide recommendations on how innovation can be fostered in capital markets by improving regulatory structures and how the government can reduce duplicative regulatory burdens.

The task force will also look at how they can improve investor protection and build a competitive economy for Ontario by ensuring opportunities help both large and small market players.

The ministry first said last fall that a task force would be formed after hearing that capital markets innovation and competitiveness was being stifled.

The task force will have the support of a volunteer advisory group with members from the Ontario Securities Commission, the Bank of Nova Scotia, Fidelity Canada and OMERS.

This report by The Canadian Press was first published Feb. 6, 2020.

Companies in this story (TSX:SLF, TSX:AIM, TSX:BNS).

The Canadian Press

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