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NOTICE OF MINISTERIAL APPROVAL OF
CO-OPERATION AGREEMENT CONCERNING INNOVATIVE
FINTECH BUSINESSES WITH THE MONETARY AUTHORITY OF SINGAPORE

On December 15, 2019, the Minister of Finance approved, pursuant to section 143.10 of the Securities Act (Ontario), the Co-operation Agreement (“the Agreement”) entered into between the Ontario Securities Commission and the Monetary Authority of Singapore (“MAS”), and certain other provincial securities regulators, concerning co-operation and information sharing between authorities regarding their respective innovation functions.

The Agreement provides a comprehensive framework for co-operation and referrals related to the innovation functions which were established through the CSA Regulatory Sandbox initiative and by MAS.

The Agreement came into effect on December 15, 2019. The Agreement was published in the Bulletin on November 14, 2019 at (2019), 42 OSCB 8759.

Questions may be referred to:

Pat Chaukos
Deputy Director
OSC LaunchPad
416-593-2373
pchaukos@osc.gov.on.ca

Cindy Wan
Manager, Global Affairs
Global and Domestic Affairs
416-263-7667
cwan@osc.gov.on.ca