Tagged: osc

Canada Expects Crowdfunding Rules This Summer

Canada Equity Crowdfunding

In a statement yesterday (Thursday, February 19th), the Ontario Securities Commission shared they expect to release crowdfunding rules this coming summer.  The proposed rules entered a comment period last year and the Commission has been in the process of reviewing the feedback; “The comment period… Read More

Equity Crowdfunding Alliance of Canada Hosts Standing Room Only Event

Oscar Jofre Brian Koscak  James Turner

As part of a scheduled series of cross country events designed to spread the gospel of crowdfunding, the Equity Crowdfunding Alliance of Canada (ECFA Canada) hosted their inaugural conference in the financial district of Toronto to a packed crowd.  Tickets quickly sold out for the… Read More

Ontario Proposes New Rules for Crowdfunding

Canada Loonie

In a release issued by the Ontario Securities Commission (OSC), the regulatory body for the Ontario’s capital markets.  A 90 day public comment period starts for four new exemptions.  These exemptions are intended to facilitate capital raising by businesses at different stages in their development,… Read More

#Crowdfunding News Roundup: December 6, 2013

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CNN Money | How IBM bypasses bureaucratic purgatory IBM has an in-house crowdfunding platform that they use to allow employees to vet and evaluate their colleagues’ ideas. It’s an effort to “improve the way we do things internally” according to the head of IBM’s CIO… Read More

Ontario Securities Commission Provides Update on Crowdfunding

Canada Equity Crowdfunding

Objective is to Modernize Exempt Market Regulations, Facilitate Capital Raising for Startups. The Ontario Securities Commission (OSC) has announced they intend on publishing in the  first quarter of 2014 the following new capital raising prospectus exemptions for a 90-day public comment period: Offering memorandum exemption,… Read More

Canadian Impact Investing Platform SVX Launches in Toronto

MARS SVX

Impact investing crowdfunding platform Social Venture Connexion (SVX) rang the bell last week on the Toronto Stock Exchange, thus officially launching their new platform.  The Ontario Securities Commission had issued an “exemptive relief order” earlier this year to allow the non-profit entity SVX to sell… Read More

Ontario Securities Commission Announces Next Steps in Crowdfunding Review

CN Tower Toronto Canada

The Ontario Securities Commission (OSC) today published OSC Notice 45-712 Progress Report on Review of Prospectus Exemptions to Facilitate Capital Raising, which sets out the next steps in the OSC’s exempt market review and consideration of four prospectus exemptions. The objective of this work is to facilitate… Read More

Crowdfunding in Canada; An Interview with Craig Asano, Leader of NCFA Canada

NCFA Canada logo

Our neighbors to the North while much smaller in population have already established a vibrant crowdfunding scene.  With over 45% of the entire Canadian workforce employed in small business driving 28% of Canada’s GDP, it is clear that the importance of fostering a positive environment… Read More

Ontario Securities Commission Approves Crowdfunding for Accredited Investors For Specific Platform

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The Ontario Securities Commission (OSC) has approved crowdfunding in Ontario for accredited investors.  The OSC has announced an “exemptive relief order” which will permit the sales of securities via crowdfunding platforms.  This order pertains to a specific non-profit entity called Social Venture Connexion (MaRs SVX),… Read More

OSC Gets Positive Response to Crowdfunding Ideas – Report

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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… Read More

The Canadian Foundation for Advancement of Investor Rights (FAIR) Opposes Equity Crowdfunding

FAIR Canada

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… Read More

Interactive Ontario Urges Action on Crowdfunding Approval

Canadian Flag

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… Read More

Crowdfunding exemption would kickstart digital media companies

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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… Read More

OCE Weighs In On Crowdfunding

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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… Read More

Canada: The OSC Examines Four New Capital Raising Prospectus Exemptions

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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… Read More

Ontario Securities Commission Schedules Sessions on Crowdfunding

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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… Read More