Securities Law & Instruments


This section contains Ontario's securities legislation, instruments, rules, policies, and documents relating to orders, rulings and decisions. The OSC administers the Securities Act (Ontario) and Commodity Futures Act, and has the authority to make legally binding rules. We may also adopt non-binding policies, which include our interpretation of Ontario securities law.

Proposed rules and policies are published for public comment during their development. All proposed rules must be delivered to the Minister of Finance for review. Ministerial review is not required for policies.

February 23, 2015 Staff Review of Issuers Entering Into Medical Marijuana Business Opportunities
February 19, 2015 Summary Report for Investment Fund and Structured Product Issuers - 2014
February 19, 2015 Amendments to National Instrument 45-106 Prospectus and Registration
February 12, 2015 OSC Rule 91-507 Trade Repositories and Derivatives Data Reporting and Companion Policy 91-506CP to OSC Rule 91-506 Derivatives: Product Determination
February 12, 2015 CSA Notice and Request for Comments -- Proposed NI 94-101 Mandatory Central Counterparty Clearing of Derivatives and Proposed Companion Policy 94-101CP Mandatory Central Counterparty Clearing of Derivatives
February 12, 2015 Changes to Companion Policy 81-101CP to NI 81-101 Mutual Fund Prospectus Disclosure
February 12, 2015 Amendments to NI 81-101 Mutual Fund Prospectus Disclosure
February 12, 2015 Notice of Ministerial Approval of Amendments to NI 81-101 Mutual Fund Prospectus Disclosure
February 12, 2015 Notice of Correction – OSC Rule 13-503 (Commodity Futures Act) Fees and Companion Policy 13-503 (Commodity Futures Act) Fees
February 12, 2015 CSA Staff Notice 81-326 – Update on an Alternative Funds Framework for Investment Funds
February 5, 2015 Commission Approval – Revocation and Replacement of OSC Rule 13-502 Fees and Companion Policy 13-502CP Fees and OSC Rule 13-503 (Commodity Futures Act) Fees and Companion Policy 13-503CP (Commodity Futures Act) Fees
February 5, 2015 Notice of Ministerial Approval of Amendments to OSC Rule 45-501 Ontario Prospectus and Registration Exemptions and to NI 45-102 Resale of Securities
February 5, 2015 OSC Staff Consultation Paper 15-401 – Proposed Framework for an OSC Whistleblower Program
February 5, 2015 Notice of Revocation and Replacement of OSC Rule 13-502 Fees and OSC Rule 13-503 (Commodity Futures Act) Fees and Notice of Rescission and Replacement of Companion Policy 13-502CP Fees and Companion Policy 13-503CP (Commodity Futures Act) Fees
February 5, 2015 Amending Instrument for OSC Rule 45-501 Ontario Prospectus and Registration Exemptions
February 5, 2015 Amending Instrument for NI 45-102 Resale of Securities
February 5, 2015 Changes to Companion Policy 45-501CP to OSC Rule 45-501 Ontario Prospectus and Registration Exemptions
January 29, 2015 CSA Staff Notice 81-325 – Status Report on Consultation under CSA Notice 81-324 and Request for Comment on Proposed CSA Mutual Fund Risk Classification Methodology for Use in Fund Facts
January 29, 2015 CSA Staff Notice 54-303 – Progress Report on Review of the Proxy Voting Infrastructure
January 29, 2015 CSA Consultation Paper 92-401– Derivatives Trading Facilities
January 29, 2015

CSA Staff Notice 11-312 (Revised) – National Numbering System

January 29, 2015 OSC Staff Notice 51-723 – Report on Staff's Review of Related Party Transaction Disclosure and Guidance on Best Practices
January 26, 2015 OSC Staff Notice: 51-724 - Report on Staff’s Review of REIT Distributions Disclosure
January 22, 2015 CSA Staff Notice 44-305 - 2015 Update - Structured Notes Distributed Under the Shelf Prospectus System
January 22, 2015 OSC Staff Notice: 13-705 - Reduced Late Fee for Certain Outside Business Activities Filings
January 22, 2015 OSC Staff Notice 11-739 (Revised) - Policy Reformulation - Table of Concordance and List of New Instruments
January 15, 2015 Notice of Ministerial Approval of Amendments to NI 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations and Related Instruments
January 15, 2015 Amendments to NI 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations
January 15, 2015 Amendments to NI 33-109 Registration Information
January 15, 2015 Amendments to NI 52-107 Acceptable Accounting Principles and Auditing Standards
January 15, 2015 Amendments to NI 23-102 Use of Client Brokerage Commissions, NI 24-101 Institutional Trade Matching and Settlement, NI 81-107 Independent Review Committee for Investment Funds, and NI 11-102 Passport System
January 15, 2015 Amendments to Companion Policy 45-501CP Ontario Prospectus and Registration Exemptions, OSC Rule 91-501 Strip Bonds, OSC Rule 91-502 Trades in Recognized Options
January 15, 2015 Amendments to OSC Rule 33-506 (Commodity Futures Act) Registration Information
January 15, 2015 Amendments to OSC Rule 35-502 Non-Resident Advisers
December 30, 2014 Notice of Ministerial Approval of Amendments to NI 21-101 Marketplace Operation and Companion Policy 21-101CP
December 30, 2014 OSC Staff Notice 11-742 (Revised) - Securities Advisory Committee
December 30, 2014 Notice of Revocation of Strip Bond Information Statement
December 30, 2014 Amendments to NI 21-101 Marketplace Operation and Companion Policy 21-101CP
December 11, 2014 Notice of Ministerial Approval – Amendments to NI 58-101 Disclosure of Corporate Governance Practices and Form 58-101F1 Corporate Governance Disclosure
December 11, 2014 Implementation of the Final Stage of Point of Sale Disclosure for Mutual Funds: Pre-Sale Delivery of Fund Facts – CSA Notice of Amendments to NI 81-101 Mutual Fund Prospectus Disclosure and to Companion Policy 81-101CP Mutual Fund Prospectus Disclosure
December 11, 2014 Amendment Instrument for NI 58-101 Disclosure of Corporate Governance Practices
December 4, 2014 CSA Notice of Amendments: NI 51-101 Standards of Disclosure for Oil and Gas Activities and Companion Policy 51-101 Standards of Disclosure for Oil and Gas Activities
December 4, 2014 CSA Staff Notice 51-327 (Revised) – Guidance on Oil and Gas Disclosure
December 4, 2014 CSA Staff Notice 51-324 – Revised Glossary to NI 51-101 Standards of Disclosure for Oil and Gas Activities
December 4, 2014 CSA Staff Notice 13-315 (Revised) - Securities Regulatory Authority Closed Dates 2015