We Want to hear from you
The OSC is constantly working to improve how we regulate Ontario’s capital markets. As part of these efforts, we want to hear from you about our proposed instruments rules and policies.
Proposed Instruments, Rules & Policies
Instruments Currently Out For Public Comment |
|||
|---|---|---|---|
|
COVID-19 UPDATE: Please note that the deadline for comments on all Instruments currently out for public comment have been extended by 45 days. New deadlines have been posted in the table below. See press release dated April 9, 2020.
|
|||
| Number | Title | Published | Comments Due |
| 31-358 | CSA Staff Notice 31-358 Guidance on Registration Requirements for Chief Compliance Officers and Request for Comments | July 2, 2020 | September 30, 2020 |
| 25-402 | CSA Consultation Paper 25-402 – Consultation on the Self-Regulatory Organization Framework Comments Received |
June 25, 2020 | October 23, 2020 |
| 48-501 | Proposed Amendments to OSC Rule 48-501 Trading During Distributions, Formal Bids and Share Exchange Transactions and Proposed Changes to Companion Policy 48-501CP Comments Received |
August 6, 2020 | November 4, 2020 |
| 94-101 | Proposed Amendments to National Instrument 94-101 Mandatory Central Counterparty Clearing of Derivatives and Proposed Changes to Companion Policy 94-101 Mandatory Central Counterparty Clearing of Derivatives | September 3, 2020 | December 2, 2020 |
| 45-106 | Proposed Amendments to National Instrument 45-106 Prospectus Exemptions and Proposed Changes to Companion Policy 45-106CP Prospectus Exemptions Relating to the Offering Memorandum Prospectus Exemption | September 17, 2020 | December 16, 2020 |
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.
|
|||
| Number | Title | Published | Comments Due |
| 45-106 | CSA Notice of Amendments to National Instrument 45-106 Prospectus Exemptions and National Instrument 31- 103 Registration Requirements, Exemptions and Ongoing Registrant Obligations and Changes to Companion Policy 45-106CP Prospectus Exemptions and Companion Policy 31-103CP Registration Requirements, Exemptions and Ongoing Registrant Obligations relating to Syndicated Mortgages Comments Received |
August 6, 2020 | September 21, 2020 |
| 31-103 | CSA Notice and Request for Comment – Proposed Amendments to NI 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations and Changes to CP 31-103CP Registration Requirements, Exemptions and Ongoing Registrant Obligations to Enhance Protection of Older and Vulnerable Clients Comments Received |
March 5, 2020 | July 20, 2020 |
| 45-110 | CSA Notice and Request for Comment Proposed National Instrument 45-110 Start-up Crowdfunding Registration and Prospectus Exemptions Comments Received |
February 27, 2020 | July 13, 2020 |
| 81-502 | Proposed Ontario Securities Commission Rule 81-502 Restrictions on the Use of the Deferred Sales Charge Option for Mutual Funds and Proposed Companion Policy 81-502 to Ontario Securities Commission Rule 81-502 Restrictions on the Use of the Deferred Sales Charge Option for Mutual Funds and Related Consequential Amendments Comments Received |
February 20, 2020 | July 6, 2020 |
| 52-112 | Proposed National Instrument 52-112 Non-GAAP and Other Financial Measure Disclosure - Proposed Companion Policy 52-112 Non-GAAP and Other Financial Measures Disclosure - Related Proposed Consequential Amendments Comments Received |
February 13, 2020 | June 29, 2020 |
| 11-788 | OSC Notice 11-788 – Statement of Priorities – Request for Comments Regarding Statement of Priorities for Financial Year to End March 31, 2021 Comments Received |
April 30, 2020 | June 1, 2020 |
| 51-405 | CSA Consultation Paper 51-405 – Consideration of an Access Equals Delivery Model for Non-Investment Fund Reporting Issuers Comments Received |
January 9, 2020 | March 9, 2020 |
| 52-108 | CSA Notice and Request for Comment - Proposed Amendments to National Instrument 52-108 Auditor Oversight and Proposed Changes to Companion Policy 52-108 Auditor Oversight Comments Received |
October 3, 2019 | January 2, 2020 |
| 41-101, 81-101, 81-102, 81-106, 81-107 |
CSA Notice and Request for Comment Reducing Regulatory Burden for Investment Fund Issuers – Phase 2, Stage 1 Comments Received |
September 12, 2019 | December 11, 2019 |
| 51-102 | CSA Notice and Request for Comment - Proposed Amendments to National Instrument 51-102 Continuous Disclosure Obligations and Changes to Certain Policies Related to the Business Acquisition Report Requirements Comments Received |
September 5, 2019 | December 4, 2019 |
| 44-102 | Proposed Amendments to National Instrument 44-102 Shelf Distributions and Change to Companion Policy 44-102CP Shelf Distributions relating to At-the-Market Distributions Comments Received |
May 9, 2019 | August 7, 2019 |
| 13-103 | Proposed National Systems Renewal Program Rule and Related Amendments Comments Received |
May 2, 2019 | July 31, 2019 |
| 13-102 | Proposed Repeal and Replacement of Multilateral Instrument 13-102 System Fees for SEDAR and NRD Comments Received |
May 2, 2019 | July 31, 2019 |
| 21-101 | Proposed Amendments to National Instrument 21-101 Marketplace Operation and Proposed Changes to Companion Policy 21-101CP Marketplace Operation Comments Received |
April 18, 2019 | July 17, 2019 |
| 25-102 | CSA Notice and Request for Comment - Proposed National Instrument 25-102 Designated Benchmarks and Benchmark Administrators Comments Received |
March 14, 2019 | June 12, 2019. |
| 25-501 | OSC Notice and Request for Comment – Proposed OSC Rule 25-501 (Commodity Futures Act) Designated Benchmarks and Benchmark Administrators | March 14, 2019 | June 12, 2019 |
| 11-785 | OSC Notice 11-785 - Statement of Priorities – Request for Comments Regarding Statement of Priorities for Financial Comments Received |
March 27, 2019 | May 27, 2019 |
| 21-402 | Joint Canadian Securities Administrators/Investment Industry Regulatory Organization of Canada Consultation Paper 21-402 Proposed Framework for Crypto-Asset Trading Platforms Comments Received |
March 14, 2019 | May 15, 2019 |
| 45-106 | CSA Second Notice and Request for Comment Proposed Amendments Related to Syndicated Mortgages Comments Received |
March 15, 2019 | May 14, 2019 |
| 23-406 | Joint CSA/IIROC Consultation Paper 23-406 Internalization within the Canadian Equity Market Comments Received |
March 12, 2019 | May 13, 2019 |
| 23-323 | CSA Staff Notice and Request for Comment 23-323 Trading Fee Rebate Pilot Study Comments Received |
December 18, 2018 | March 1, 2019 |
| 11-784 | OSC Staff Notice 11-784 - Burden Reduction Comments Received |
January 14, 2019 | March 1, 2019 |
| 24-102 | Proposed Amendments to National Instrument 24-102 Clearing Agency Requirements and Proposed Changes to Companion Policy 24-102 Clearing Agency Requirements Comments Received |
October 18, 2018 | January 16, 2019 |
| 31-103 | CSA Notice and Request for Comment – Proposed Amendments to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations – Custody-Related Amendments | October 25, 2018 | December 24, 2018 |
| 81-105 | Proposed Amendments to National Instrument 81-105 Mutual Fund Sales Practices and Related Consequential Amendments Comments Received |
September 13, 2018 | December 13, 2018 |
| 52-112 | CSA Notice and Request for Comment – Proposed National Instrument 52-112, Proposed Companion Policy 52-112, Related Proposed Consequential Amendments and Changes Comments Received |
September 6, 2018 | December 5, 2018 |
| 31-103 | Client Focused Reforms - Proposed Amendments to National Instrument 31-103 and Companion Policy NI 31-103CP Comments Received |
June 21, 2018 | October 19, 2018 |
| 93-102 | CSA Notice and Request for Comment - Proposed National Instrument 93-102 Derivatives: Registration and Proposed Companion Policy 93-102 Derivatives: Registration Comments Received |
April 19, 2018 | September 17, 2018 |
| 93-101 | CSA Notice and Second Request for Comment – Proposed National Instrument 93-101 Derivatives: Business Conduct and Proposed Companion Policy 93-101CP Derivatives: Business Conduct Comments Received |
June 14, 2018 | September 17, 2018 |
| 21-323 | CSA Staff Notice and Request for Comment 21-323 Proposal for Mandatory Post-Trade Transparency of Trades in Government Debt Securities, Expanded Transparency of Trades in Corporate Debt Securities and Proposed Amendments to National Instrument 21-101 Marketplace Operation and Related Companion Policy Comments Received |
May 24, 2018 | August 29, 2018 |
| 45-106 | Proposed Amendments to NI 45-106 Prospectus Exemptions and NI 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations relating to Syndicated Mortgages and Proposed Changes to CP 45-106CP Prospectus Exemptions Comments Received |
March 8, 2018 | June 6, 2018 |
| 61-303 | CSA Staff Notice 61-303 and Request for Comment - Soliciting Dealer Arrangements Comments Received |
April 12, 2018 | June 11, 2018 |
| 94-101 | Proposed Amendments to National Instrument 94-101 Mandatory Central Counterparty Clearing of Derivatives and Proposed Changes to Companion Policy 94-101 Mandatory Central Counterparty Clearing of Derivatives Comments Received |
October 12, 2017 | January 10, 2018 |
| Proposed National Instrument 93-101 Derivatives: Business Conduct and a related proposed companion policy Comments Received |
April 4, 2017 | September 1, 2017 | |
| Auditor Oversight Issues in Foreign Jurisdictions Comments Received |
April 25, 2017 | June 24, 2017 | |
| 95-401 | Margin and Collateral Requirements for Non-Centrally Cleared Derivatives Comments Received |
July 7, 2016 |
September 6, 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 | |
| 81-102 |
CSA Notice and Request for Comment - Modernization of Investment Fund Product Regulation - AlternativeFunds |
December 11, 2018 |
|
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 | |