Securities Law & Instruments

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.

Out For Comments Statistics


Proposed Instruments, Rules & Policies



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 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 October 12, 2017 January 10, 2018
52-404 CSA Consultation Paper 52-404 Approach to Director and Audit Committee Member Independence
Comments Received
October 26, 2017 January 25, 2018



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
33-506 Proposed Amendments to OSC Rule 33-506 (Commodity Futures Act) Registration Information July 6, 2017 October 4, 2017
25-101,
21-101
25-101,
31-103,
33-109,
41-101,
44-101,
44-102,
45-106,
51-102,
81-102,
81-106
CSA Notice and Request for Comment Relating to Designated Rating Organizations
Comments Received
July 6, 2017 October 4, 2017
72-503 Proposed OSC Rule 72-503 Distributions Outside Canada and Proposed Companion Policy 72-503 Distributions Outside Canada
Comments Received
June 29, 2017 September 27, 2017
45-102, 31-103, 11-206 Proposed Amendments to National Instrument 45-102 Resale of Securities, Proposed Changes to Companion Policy 45-102CP to National Instrument 45-102 Resale of Securities, Proposed Consequential Amendments to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations, and Proposed Consequential Changes to National Policy 11-206 Process for Cease to be a Reporting Issuer Applications
Comments Received
June 29, 2017 September 27, 2017
45-106

Proposed Amendments to NI 45-106 Prospectus Exemptions relating to Reports of Exempt Distribution
Comments Received

June 8, 2017

September 6, 2017

93-101

Proposed National Instrument 93-101 Derivatives: Business Conduct and a related proposed companion policy
Comments Received
April 4, 2017 September 1, 2017

51-404

CSA Consultation Paper 51-404 Considerations for Reducing Regulatory Burden for Non-Investment Fund Reporting Issuers
Comments Received

April 6, 2017 July 28, 2017
(Extension of Consultation Period)

52-403

Auditor Oversight Issues in Foreign Jurisdictions
Comments Received
April 25, 2017 June 24, 2017
81-408

Consultation on the Option of Discontinuing Embedded Commissions
Comments Received

January 10, 2017

June 9, 2017

81-102

CSA Notice and Request for Comment - Modernization of Investment Fund Product Regulation - AlternativeFunds
Comments Received

September 22, 2016

December 22, 2016

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

April 28, 2016

September 30, 2016

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

Co-operation Agreement with the Financial Services Regulatory Authority of Abu Dhabi Global Market

December 23, 2017

 

Memorandum of Understanding Concerning Consultation Cooperation and the Exchange of Information Related to the Supervision of Cross-Border Alternative Investment Fund Managers

February 5, 2017


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