CPA Canada responds to the OSC's consultation on burden reduction

CPA Canada has responded to the Ontario Securities Commission (OSC) Staff Notice 11-784 Burden Reduction. Read our views on the OSC Staff Notice here.

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The OSC launched a consultation seeking suggestions on ways to further reduce unnecessary regulatory burden. Areas of focus include:

  • operational changes
  • rule changes
  • enhancing investor experience and outcomes
  • Ontario-specific improvements
  • existing policy initiatives

While we support efforts to improve administrative practices and address concerns of reporting issuers and registrants, we question undertaking a new and broad initiative such as this at this time. We refer to the OSC to our comment letter to the Canadian Securities Administrators (CSA) regarding CSA Consultation 51-404 Considerations for Reducing Regulatory Burden for Non-Investment Fund Reporting Issuers.

For more information, please contact Rosemary McGuire, director, Research, Guidance and Support.