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 |
| 91-406 | Central Counterparty Clearing (Derivatives) | June 2012 |
| 91-407 | Registration (Derivatives) | June 2012 |
| 31-103 | Registration Requirements, Exemptions and Ongoing Registrant Obligations - Amendments (Cost Disclosure and Performance Reporting) | June 2012 |
| 81-101 | Mutual Fund Prospectus Disclosure – Amendments (Point of Sale) [includes consequential amendments to NI 81-102 Mutual Funds] | June 2012 |
| 91-408 | Exchange and Platform Trading (OTC Derivatives) | July 2012 |
| 91-409 | Capital and Collateral (OTC Derivatives) | September 2012 |
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 |
| 11-766 | OSC Statement of Priorities | March 30, 2012 | May 29, 2012 |
| 23-312 | CSA/IIROC Notice - Transparency of Short Selling and Failed Trades | March 2, 2012 | May 31, 2012 |
| 91-405 | End User Exemptions | April 13, 2012 | June 15, 2012 |
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 |
| 32-102 | Registration Exemptions for Non-resident Investment Fund Managers [includes consequential amendments to 31-103CP Registration Requirements, Exemptions and Ongoing Registrant Obligations] Comments Received |
February 10, 2012 | April 10, 2012 |
| 91-404 | Derivatives: Segregation and Portability in OTC Derivatives Comments Received |
February 10, 2012 | April 10, 2012 |
| 45-401 | Review of Minimum Amount and Accredited Investor Exemptions Comments Received |
November 10, 2011 | February 29, 2012 |
| NI 41-101 | Proposed Pre-Marketing and Marketing Amendments to Prospectus Rules – Proposed Amendments to NI 41-101 General Prospectus Requirements and Companion Policy 41-101CP (includes proposed amendments to NP 41-201 Income Trusts and Other Indirect Offerings, NI 44-101 Short Form Prospectus Distributions and Companion Policy 44-101CP, CP 44-102 to NI 44-102 Shelf Distributions, NP 47-201 Trading Securities Using the Internet and other Electronic Means) Comments Received |
November 25, 2011 | February 23, 2012 |
| 91-403 | Surveillance and Enforcement Comments Received |
November 25, 2011 | January 25, 2012 |
| NI 41-101 | Scholarship Plan Prospectus Form – Proposed Amendments to NI 41-101 General Prospectus Requirements and Form 41-101F2 Information Required in an Investment Fund Prospectus, Proposed Form 41-101F3 Information Required in a Scholarship Plan Prospectus and Amendments to Companion Policy 41-101CP Comments Received |
November 25, 2011 | January 24, 2012 |
| 15-704 | Proposed Enforcement Initiatives Comments Received |
October 21, 2011 | January 16, 2012 |
| NI 81-101 | Mutual Fund Prospectus Disclosure - Implementation of Stage 2 of Point of Sale Disclosure for Mutual Funds Comments Received |
August 12, 2011 | November 10, 2011 |
| NA | Maple Group Acquisition Corporation Comments Received |
October 7, 2011 | November 7, 2011 |
| NI 51-103 | Ongoing governance and disclosure requirements for venture issuers [includes consequential amendments to: NI 41-101 General Prospectus Requirements, NI 44-101 Short Form Prospectus Distributions, NI 45-106 Prospectus and Registration Exemptionsand related consequential amendments] Comments Received |
July 29, 2011 | October 27, 2011 |
| 51-802 | Implementing National Instrument 51-103 Ongoing Governance and Disclosure Requirements for Venture Issuers (tied to NI 51-103) [includes consequential amendments to OSC Rule 13-502 Fees, OSC Rule 51-801 Implementing NI 51-102 Continuous Disclosure Obligations,and OSC Rule 62-504 Take-Over Bids and Issuer Bids] | July 29, 2011 | October 27, 2011 |
| NI 41-101 | General Prospectus Requirements - Amendments (includes consequential amendments to NI 81-101, NI 52-107, NI 51-102 and NI 13-101) Comments Received |
July 15, 2011 | October 14, 2011 |
| NI 44-101 | Short Form Prospectus Distributions - Amendments | July 15, 2011 | October 14, 2011 |
| NI 44-102 | Shelf Distributions - Amendments Comments Received |
July 15, 2011 | October 14, 2011 |
| 91-402 | CSA Consultation Paper - Derivatives:Trade Repositories Comments Received |
June 23, 2011 | September 12, 2011 |
| NI 41-103 | Supplementary Prospectus Disclosure Requirements for Asset-Backed Securities and Other Securitized Products Comments Received |
April 1, 2011 | August 31, 2011 |
| NI 45-102 | Resale of Securities (Amendments tied to NI 41-103 and NI 51-106) Comments Received |
April 1, 2011 | August 31, 2011 |
| NI 45-106 | Prospectus and Registration Exemptions (Amendments) (tied to NI 41-103 and NI 51-106) Comments Received |
April 1, 2011 | August 31, 2011 |
| NI 51-106 | Continuous Disclosure Requirements for Asset-Backed Securities and Other Securitized Products Comments Received |
April 1, 2011 | August 31, 2011 |
| NI 52-109 | Certification of Disclosure in Issuers' Annual and Interim Filings (Amendments tied to NI 41-103 and NI 51-106) Comments Received |
April 1, 2011 | August 31, 2011 |
| NI 54-101 | Communication with Beneficial Owners of Securities of a Reporting Issuer - Amendments (Second Publication) Comments Received |
June 17, 2011 | August 16, 2011 |
| 81-322 | Status Report on the Implementation of the Modernization of Investment Fund Product Regulation Project and Request for Comment Comments Received |
May 26, 2011 | July 25, 2011 |
| NI 23-103 | Electronic Trading and Direct Electronic Access to Marketplaces (ETR) Comments Received |
April 8, 2011 | July 8, 2011 |
| 54-701 | Regulatory Developments Regarding Shareholder Democracy Issues Comments Received |
January 10, 2011 | March 31, 2011 |
| 91-401 | Over the Counter Derivatives Regulation in Canada Comments Received |
November 2, 2010 | January 14, 2011 |
| NI 31-103 | Registration Requirements and Exemptions – Amendments (Registration of Non-Resident Investment Fund Managers) Comments Received |
October 15, 2010 | January 13, 2011 |
| 31-320 | Additional Request for Comment on Proposed Exemptions from Investment Fund Manager Registration Requirement for International and Certain Domestic Investment Fund Managers | October 15, 2010 | January 13, 2011 |
| NI 41-101 | General Prospectus Requirements - Prospectus Form Amendments) Comments Received |
March 24, 2010 | June 22, 2010 |
| NI 81-106 | IFRS-related amendments for Investment Funds Investment Funds Continuous Disclosure – Amendments [includes consequential amendments to: Form 41-101F2 Information Required in an Investment Fund Prospectus 81-101 Mutual Fund Prospectus Disclosure Form 81-101F1 Contents of Simplified Prospectus Companion Policy 81-101CP to NI 81-101 Mutual Fund Prospectus Disclosure 81-102 Mutual Funds 81-104 Commodity Pools 81-801 Implementing NI 81-106 Investment Funds Continuous Disclosure] Comments Received |
October 16, 2009 | January 14, 2010 |
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 |
