Securities Law & Instruments
Proposed Instruments, Rules & Policies
This is an overview of current activities related to rule-making, policy development and memorandum of understanding. It lists proposed instruments, rules and policies that are published for public comment, under review, pending the Minister’s review and decision, and expected for publication in final form.
| Expected publications for comment | |
| Instruments currently out for public comment | |
| Public comment period closed - comments under review | |
| Instruments with Minister for 60-Day Review and Decision |
Expected Publications for Comment |
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This section lists instruments that are expected to be published for comment within the next three months. This section will be updated on a quarterly basis.
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| Number | Title | Expected Publication Date |
| 91-408 | Exchange and Platform Trading (OTC Derivatives) | May 2013 |
| 54-401 | Review of the Proxy Voting System (Consultation Paper) | May 2013 |
| 24-503 | Clearing Agency Recognition Requirements | June 2013 |
| 91-506 | Trade Repositories and Derivatives Data Reporting | June 2013 |
| 91-507 | Derivatives: Product Determination | June 2013 |
Instruments Currently Out For Public Comment |
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This section lists all of the rules which are currently out for public comment. You may view all of the comments submitted for each of the listed rules during the current comment period and any previous comment periods by clicking on the links provided below.
 Subscribe to the Out for Comment Feed |
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| Number | Title | Published | Comments Close |
| 11-768 | Statement of Priorities Request for Comments Regarding Statement of Priorities for Financial Year to End March 31, 2014 Comments Received |
April 4, 2013 | June 3, 2013 |
| 11-602 | Guidelines on the Application of the Prohibition Against Orders of General Application to Applications to the OSC for Exemptive Relief | April 4, 2013 | June 5, 2013 |
| 62-103 | Early Warning System and Related Take-Over Bid and Insider Reporting Issues - Amendments | March 14, 2013 | June 12, 2013 |
| 62-104 | Take-Over Bids and Issuer Bids - Amendments | March 14, 2013 | June 12, 2013 |
| 62-105 | Security Holder Rights Plans [ includes consequential amendments to NP 62-202 Take-Over Bids - Defensive Tactics, NP 62-203 Take-Over Bids and Issuer Bids, MI 62-104 Take-Over Bids and Issuer Bids, OSC Rule 62-504 Take-Over Bids and Issuer Bids, NI 41-101 General Prospectus Requirements, and NI 51-102 Continuous Disclosure Obligations] | March 14, 2013 | June 12, 2013 |
| 62-203 | Take-Over Bids and Issuer Bids - Amendments | March 14, 2013 | June 12, 2013 |
| 91-407 | Registration (Derivatives) | April 18, 2013 | June 17, 2013 |
| 81-102 |
Proposed Amendments (Modernization of Investment Fund Product Regulation) (Phase 2)) |
March 27, 2013 | June 25, 2013 |
| 11-501 | Requirement for the Electronic Delivery of Documents to the Ontario Securities Commission | April 11, 2013 | July 10, 2013 |
| 45-106 | Prospectus and Registration Exemptions - Amendments | April 25, 2013 | July 24, 2013 |
| 45-501 | Ontario Prospectus and Registration Exemptions - Amendments | April 25, 2013 | July 24, 2013 |
Public Comment Period Closed - Comments Under Review |
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The public comment period for each of the rules listed in this section has closed. The comments submitted during the comment period are currently being reviewed by OSC and CSA staff. You may view all of the comments submitted for each of the listed rules during all previous comment periods by clicking on the links provided below.
Subscribe to the Comment Letters Received Feed |
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| Number | Title | Published | Comments Closed |
| 13-102 | System Fees for SEDAR and NRD (includes consequential amendments to NI 13-101, NI 31-103, NI 55-102 | January 24, 2013 | April 24, 2013 |
| 81-407 | Mutual Fund Fees Comments Received |
December 13, 2012 | April 12, 2013 |
| 45-710 | Considerations for New Capital Raising Prospectus Exemptions Comments Received |
December 14, 2012 | March 8, 2013 |
| 33-403 | CSA Consultation Paper - The Standard of Conduct for Advisers and Dealers: Exploring the Appropriateness of Introducing a Statutory Best Interest Duty When Advice is Provided to Retail Clients Comments Received |
October 25, 2012 | February 22, 2013 |
| 31-103 | Registration Requirements, Exemptions and Ongoing Registrant Obligations - Amendments (OBSI) Comments Received |
November 15, 2012 | February 15, 2013 |
| 21-401 | Real-Time Market Data Fees Comments Received |
November 8, 2012 | February 8, 2013 |
| 91-301 | Model Provincial Rules - Derivatives: Product Determination and Trade Repositories and Derivatives Data Reporting Comments Received |
December 6, 2012 | February 4, 2013 |
| 23-103 | Electronic Trading - Amendments Comments Received |
October 25, 2012 | January 23, 2013 |
| 51-103 | Ongoing Governance and Disclosure Requirements for Venture Issuers List of Commenters Comments Received |
September 13, 2012 | December 12, 2012 |
| 51-802 | Implementing 51-103 Ongoing Governance and Disclosure Requirements for Venture Issuers | September 13, 2012 | December 12, 2012 |
Instruments with Minister for 60-Day Review and Decision |
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This section identifies all of the rules that are currently with the Minister responsible for the OSC for review and decision and indicates the final day of the Minister's 60 day review period.
Within 60 days after the Commission delivers a rule to the Minister, the Minister may approve or reject the rule, or return it to the Commission for further consideration. If the Minister does not approve, reject or return the rule, it becomes effective 15 days following the conclusion of the 60 day period unless there is a later day specified in the rule in which case the rule comes into force on that later day. You may view the version of the instrument which has been delivered to the Minister for review and decision by clicking on the links below. |
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| Number | Title | Minister's Decision Required by |
| 31-103 | Registration Requirements, Exemptions and Ongoing Registrant Obligations - Amendments (Cost Disclosure and Performance Reporting) Investor Research Reports and Document Testing |
May 27, 2013 |
| Notice of Agreement among certain provincial securities regulators in support of the outsourcing and management of the System for Electronic Document Analysis and Retrieval (SEDAR), the System for Electronic Disclosure by Insiders (SEDI), the National Registration Database (NRD), and certain other nationally shared information technology systems that serve securities regulatory purposes and functions (CSA National Systems) | June 17, 2013 | |
| Notice of Agreement among certain provincial securities regulators in respect of the ownership and licensing of the intellectual property comprising the System for Electronic Document Analysis and Retrieval (SEDAR), the System for Electronic Disclosure by Insiders (SEDI), and the National Registration Database (NRD) (CSA National Systems) | June 17, 2013 | |
| Notice of Agreement among certain provincial securities regulators and the Investment Industry Regulatory Organization of Canada (IIROC) with respect to the administration and application of surplus funds generated by the operation of the National Registration Database (NRD) | June 17, 2013 | |
| Notice of Agreement among certain provincial securities regulators with respect to the administration and application of surplus funds generated by the operation of the System for Electronic Document Analysis and Retrieval (SEDAR) and the System for Electronic Disclosure by Insiders (SEDI) | June 17, 2013 | |
