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|FOR IMMEDIATE RELEASE
July 4, 2012
OSC Launches “OSC SME Institute” for Small And Medium Enterprises
TORONTO – The Ontario Securities Commission (OSC) today launched the OSC SME Institute, a series of tailored educational seminars geared toward small and medium enterprises (SMEs), to assist SMEs with market access, capital raising and cost-effective regulatory compliance.
As part of the OSC’s effort to support SMEs, while safeguarding investors, the OSC SME Institute will provide SMEs with practical knowledge that can be applied to their businesses. Addressing specific topics relevant to SMEs in different industries across Ontario, the seminars will inform attendees on how to avoid common deficiencies and navigate Ontario’s regulatory requirements. SMEs will also hear first-hand from OSC Staff and industry representatives on the latest issues impacting their markets.
“Small and medium enterprises are a vital sector for Ontario’s capital market and are essential contributors to the economic growth of our province,” said Maureen Jensen, OSC Executive Director and Chief Administrative Officer. “It is important that the OSC encourages this sector by providing tailored tools and guidance that will assist in fostering strong regulatory compliance.”
SMEs form a significant portion of the Ontario market with approximately 36 per cent of Canadian SMEs recorded as Ontario-based, representing 97 per cent of Ontario-based businesses1. Recognizing their significance, the OSC SME Institute is an important element of the OSC’s targeted initiative to further engage SMEs, encourage stronger compliance and continuously develop tailored regulation for small issuers.
SME’s are also encouraged to join the OSC’s SME Community to receive regular updates on OSC initiatives, policies and programs impacting their market, as well as OSC publications and guidance tools that will provide further direction on the OSC’s expectations regarding filings.
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1. Industry Canada, SME Financing Data Initiative, 2007