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

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.

Number Title Expected Publication Date
Amendments to Take-Over Bid Regime February/March 2015
94-102 Derivatives Customer Clearing and Protection of Customer Positions and Collateral March 2015



Instruments Currently Out For Public Comment

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.

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Number Title Published Comments Due
94-101 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 May 13, 2015
15-401 OSC Staff Consultation Paper: Proposed Framework for an OSC Whistleblower Program February 3, 2015 May 4, 2015
92-401 Derivatives Trading Facilities January 28, 2015 March 30, 2015
45-106 Prospectus and Registration Exemptions (Amendments related to the rights offering exemption)
Backgrounder
November 27, 2014 February 25, 2015
Proposed amendments to Certain National and Multilateral Instruments and Policies Related to the Recognition of Aequitas Neo Exchange Inc. December 11, 2014 March 11, 2015



Public Comment Period Closed - Comments Under Review

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.

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Number Title Published Comments Due
24-102 Clearing Agency Requirements
Comments Received
November 27, 2014 February 10, 2015
23-101 Proposed Amendments to NI 23-101 Regarding Order Protection Rule Review
Comments Received
May 15, 2014 September 19, 2014
51-102
41-101
52-110
Proposed Amendments to NI 51-102 Continuous Disclosure Obligations, NI 41-101 General Prospectus Requirements and NI 52-110 Audit Committees
Comments Received
May 22, 2014 August 20, 2014
21-101

Marketplace Operations - Amendments (includes consequential amendments to NI 23-101 Trading Rules)
Comments Received

April 24, 2014 July 24, 2014
25-201 Guidance for Proxy Advisory Firms
Comments Received
April 24, 2014 July 23, 2014
45-106 Prospectus and Registration Exemptions - Amendments (Proposed Exemptions and Proposed Reports of Exempt Distribution in Ontario) (includes amendments to OSC Rule 45-501 Ontario Prospectus and Registration Exemptions and related consequential amendments)
Comments Received
March 20, 2014 June 18, 2014
45-108 Crowdfunding March 20, 2014 June 18, 2014
91-303 Proposed Model Provincial Rule on Mandatory Central Counterparty Clearing of Derivatives
Comments Received
December 18, 2013 March 19, 2014
91-304 Model Provincial Rule - Derivatives: Customer Clearing and Protection of Customer Collateral and Positions
Comments Received
January 16, 2014 March 19, 2014
81-324 Proposed CSA Mutual Fund Risk Classification Methodology for Use in Fund Facts
Comments Received
December 12, 2013 March 12, 2014
33-105 Underwriting Conflicts - Amendments
Comments Received
November 28, 2013 February 26, 2014



Instruments with Minister for 60-Day Review and Decision

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.

Number Title Minister's Decision Required by
91-507 Trade Repositories and Derivatives Data Reporting (Amendments) April 13, 2015
45-106 Prospectus and Registration Exemptions - Amendments (Family, Friends and Business Associates Exemption, Accredited Investor and Minimum Amount Investment Prospectus Exemptions, Short-Term Debt Prospectus Exemption and Short-term Securitized Products) April 20, 2015
13-503 (Commodity Futures Act) Fees (Revocation and Replacement) March 20, 2015
13-502 Fees (Amendments)
Comments Received
March 20, 2015