May 18, 2013 @ 3:33 am By PEHub  |  

The Ontario Securities Commission (OSC)’s recent consultation on crowdfunding options received “favourable comments” reports law firm Osler Hoskin & Harcourt. Osler noted 100 responses to the OSC, most of which supported its crowdfunding exemption proposal, though some had concerns about investor-protection issues. With respect to crowdfunding’s role in small business financing, feedback identified a “gap”… Read More

Read more in: Global, Politics  |  Tagged canada, ontario securities commission, osc

May 15, 2013 @ 9:03 am By Advisor.ca  |  

The OSC will hold a roundtable on June 11, 2013 to discuss ways investors can help start-ups and small businesses raise money in Canada. It wants to consider how companies can do this by issuing securities without first having to prepare and file a prospectus. For example, one of the options being suggested by the… Read More

Read more in: Uncategorized  |  Tagged canada, ontario, ontario securities commission, osc

March 18, 2013 @ 2:14 pm By CFI Correspondent  |  

The Canadian Foundation for Advancement of Investor Rights (FAIR) has submitted comments to the OSC on its exempt market review, opposing the proposed equity crowdfunding exemption and offering memorandum exemption concepts. Crowdfunding and the OM exemption will undermine investor protection, make markets less efficient, undermine investor confidence in markets and ultimately result in less “real” capital… Read More

Read more in: Global, Politics  |  Tagged anti, canada, canadian foundation for advancement of investor rights, fair, osc

March 18, 2013 @ 2:10 am By CP24  |  

Social media wants to meet up with corporate finance on the Internet to let startup and small businesses raise money online. It’s called equity crowdfunding — different from Kickstarter which funds creative projects like movies, games or music and — because it would give these online investors shares in a company. CEO and president Chad… Read More

Read more in: Global  |  Tagged canada, ontario, osc

March 15, 2013 @ 5:58 am By CFI Correspondent  |  

In comments filed with the Ontario Securities Commission (OSC), Interactive Ontario (IO) has urged the OSC to quickly approve proposed prospectus exemptions for crowdfunding capital. IO supports these exemptions as a means to increasing the available pool of capital for Ontario digital media companies.  IO believes acting prior to full implementation of the Jobs Act… Read More

Read more in: Global, Politics  |  Tagged canada, donald henderson, ontario, osc

March 14, 2013 @ 10:40 pm By CFI Correspondent  |  

Interactive Ontario (IO) is urging the Ontario Securities Commission (OSC) to approve proposed exemptions for raising capital in the province via crowdfunding. IO says it supports the exemptions as a means to increasing the available pool of capital for Canadian digital media companies. Crowdfunding empowers creators to raise public funds by publicizing their project using… Read More

Read more in: General News, Global  |  Tagged canada, interactive ontario, ontario, osc

March 5, 2013 @ 7:28 am By Ottawa Citizen  |  

The movie Argo might have picked up the biggest prize in last week’s Academy Awards ceremony, but it was the Best Documentary Short winner that had many on the Internet buzzing. Inocente, a film about a 15-year old homeless girl who dreams of becoming an artist, took home the Oscar, and in the process became… Read More

Read more in: Crowdfunding Portals, Global, Strategy  |  Tagged canada, film, kickstarter, osc

February 21, 2013 @ 7:54 pm By NCFA Canada  |  

OCE has weighed in on crowdfunding, a new way to solicit investments for innovative ideas and projects through social media that is gaining momentum in the United States and the UK. Responding to a call for submission from the Ontario Securities Commission (OSC), OCE recommends allowing crowdfunding as long as a limit is imposed on… Read More

Read more in: Global  |  Tagged canada, ncfa, oce, ontario, osc

February 8, 2013 @ 1:51 am By Mondaq  |  

On December 14, 2012, the OSC released OSC Staff Consultation Paper 45-710 – Considerations for New Capital Raising Prospectus Exemptions (the “OSC Paper”)1 which examines four ideas for potential capital raising prospectus exemptions; crowdfunding, an offering memorandum exemption for Ontario, and exemptions for sophisticated investors and investors that have received advice from investment dealers. The OSC… Read More

Read more in: Global, Politics  |  Tagged canada, ontario securities commission, osc

January 21, 2013 @ 8:44 pm By CFI Correspondent  |  

As part of Ontario’s ongoing deliberations on their path to facilitating crowdfunding the Ontario Securities Commission a series of meetings.  These have been scheduled to discuss the merits and challenges specifically associated with crowdfunding. Staff of the Ontario Securities Commission (OSC) invite you to attend a consultation session in connection with the OSC’s exempt market… Read More

Read more in: Global, Politics  |  Tagged canada, ontario, osc

January 4, 2013 @ 5:21 am By Blakes  |  

OSC consults on possible new prospectus exemptions to broaden access to the exempt market Four “concept ideas” considered: crowdfunding, an offering memorandum exemption for Ontario, and two exemptions based on investor sophistication or advice Dealer or adviser registration considered for funding portals The Ontario Securities Commission has released a broad consultation paper, OSC Staff Consultation Paper 45-710… Read More

Read more in: Global, Politics  |  Tagged canada, osc