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.

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


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
11-774 Request for Comments Regarding Statement of Priorities for Financial Year to End March 31, 2017
Comments Received
March 10, 2016 May 9, 2016
94-101 Mandatory Central Counterparty Clearing of Derivatives
Comments Received
February 24, 2016 May 24, 2016
54-304 Final Report on Review of the Proxy Voting Infrastructure and Request for Comments on Proposed Meeting Vote Reconciliation Protocols

March 31, 2016

July 15, 2016

23-101 Trading Rules - Amendments

March 31, 2016

July 6, 2016

33-404 Proposals to Enhance the Obligations of Advisers, Dealers, and Representatives toward their Clients

April 28, 2016

August 26, 2016




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
94 -102 Derivatives: Customer Clearing and Protection of Customer Collateral and Positions
Comments Received
January 21, 2016 April 19, 2016.
81-102 CSA Mutual Fund Risk Classification Methodology
Comments Received
December 10, 2015 March 9, 2016
91-507 Trade Repositories and Derivatives Data Reporting
Comments Received
November 5, 2015 February 3, 2016
24-102 Clearing Agency Requirements and its Companion Policy
Comments Received
December 3, 2015 February 1, 2016
15-601 Whistleblower Program
Comments Received
October 28, 2015 January 12, 2016



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
23-101 Trading Rules - Amendments June 6, 2016
45-106 Prospectus Exemptions - Amendments (Harmonized Report of Exempt Distribution) June 6, 2016
Amendments to Takeover Bid Regime April 25, 2016
62-103 CSA Notice of Amendments to Early Warning System April 25, 2016


Expected Publications for Comment

This section lists instruments that are expected to be published for comment in the coming months. This section is not meant to be an exhaustive list but aims to provide greater insights, where possible, into those upcoming instruments that are expected to be published. Dates referred to are subject to change.

Number Title Expected Publication Date