Tagged: ontario securities commission

Ontario Securities Commission “Doesn’t Really Know What’s Going On” in Blockchain Fintech, Says Lawyer

The Ontario Securities Commission (OSC) published its 2018-2019 “Statement of Priorities” June 5th, but the document provides zero helpful guidance to Ontario companies trying to engage with cutting-edge blockchain-based financial technologies, says Toronto-based blockchain lawyer Amy ter Haar. The “OSC…Statement of Priorities for the Financial… Read More

Ontario Securities Commission Statement of Priorities includes Working with Fintech to Support innovation

The Ontario Securities Commission (OSC) has published its 2018-2019 “Statement of Priorities.” This document sets out the priorities for the regulator during the fiscal year along with preferred outcomes. Along with the expected statements of investor protection and compliance / enforcement, the OSC says it intends… Read More

Canada: 5% of Ontarians Own Cryptocurrencies; 21% of Owners Don’t Know They’re Regulated

The Ontario Securities Commission (OSC) has published a report on a comprehensive survey of 2500 Ontarians regarding their interest in and knowledge of digital currencies like Bitcoin. The report, commissioned by the OSC’s Investor Office and conducted by Innovative Research Group, found that 5%, or… Read More

Disrupting Goldman Sachs: Polymath Wants to Create a New Investment Banking Paradigm with Initial Coin Offerings

Investment banking is a highly profitable business. Goldman Sachs, perhaps the most prominent investment bank in the world, raked in $32 billion during fiscal 2017 with the majority of this revenue driven specifically by investment banking. Yet arguably, much of the value that is provided… Read More

Ontario Securities Commission Announces 2018 Fintech Advisory Committee Members

On Wednesday the Ontario Securities Commission (OSC) today announced new members of its Fintech Advisory Committee (FAC), which advises OSC staff on developments and trends in the fintech space, as well as the unique challenges encountered by innovative businesses in the securities industry.  According to… Read More

Free to Trade: Securities Issued Under Reg A+ May Trade in Canada

One of the attractive aspects of Reg A+, as created by the JOBS Act of 2012, is the fact issuers may immediately trade securities following a funding round. This has led to a growing number of SMEs to raise capital under Reg A+ and quickly… Read More

Token Funder ICO for FNDR Token Approved by Ontarios Securities Commission

Recently the Canadian regulators have gone out of their way to embrace innovation and Fintech in general. This past week, the Ontario Securities Commission (OSC) published a decision on the application of Token Funder to launch an Initial Coin Offering (ICO) and the tokenized security… Read More

Ontario Securities Commission Keen to Support ICOs, Cryptocurrency in General

While some financial regulators have simply stopped Initial Coin Offerings (ICO) or slowed activity in the cryptocurrency space, others have been more receptive towards embracing change and recognizing the fact you need to be more innovative. The Ontario Securities Commission (OSC) is one of the… Read More

Ontario Securities Commission & UK Financial Conduct Authority Sign Cooperation Agreement

The Financial Conduct Authority (FCA), the securities regulator in the UK, has signed a cooperation agreement with the Ontario Securities Commission (OSC).  The agreement is designed to provide support to innovative Fintech firms seeking entry into either market. The Agreement allows the FCA and the… Read More

Australian ASIC & Canadian OSC Align to Sign Fintech Pact Reflects Commitment to Emerging Businesses

Under a new agreement, fintech companies in Australia and Ontario will be able to draw on support from the combined resources of their financial regulators as they seek to operate in the others’ market. Signed in Toronto this week, the Australian Securities and Investments Commission… Read More

Ontario Securities Commission Creates Fintech Advisory Committee

The Ontario Securities Commission (OSC) is joining a growing roster of global securities regulators to acknowledge the shifting environment of finance and the need to better understand Fintech innovation. The OSC is now seeking applications for a Fintech Advisory Commmittee (FAC) that will advise staff… Read More

AngelList Syndicate, Ontario Securities Commission & LaunchPad: Potential Market for Another “Pretty Insane IRR”?

A new program partnership between AngelList and the Ontario Securities Commission (OSC),  is now available to investors in Ontario, reported BetaKit. Eligible investors can now invest in Creative Destruction Lab and NEXT Canada startups raising capital through an AngelList Syndicate, provided the startups are headquartered in, or have significant… Read More

Canadian Marketplace Lender Vault Circle Receives New License

Canadian fintech company Lendified Holdings Inc. and its subsidiary and direct lender, Lendified Inc. announced today that their subsidiary Vault Circle Inc. has received an exempt market dealer license from the Ontario Securities Commission (OSC) for its investment business. This marks the achievement of a significant milestone not… Read More

Status Quo is Not an Option: OSC Chair Acknowledges Fintech Requires New Approach, Announces OSC Launchpad

Speaking at the Toronto Region Board of Trade this week, Maureen Jensen, Ontario Securities Commission (OSC) Chair and CEO, delivered a wide-ranging keynote address that tackled the topic of Fintech, regulations and announced a forthcoming regulatory Sandbox for entrepreneurs. Jensen acknowledged the rise of Fintech… Read More

Canada Expects Crowdfunding Rules This Summer

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

OSC “Backgrounder” on Crowdfunding Exemptions (PDF)

Below is the backgrounder published by the Ontario Securities Commission which outlines the proposed exemptions for crowdfunding in Ontario.  There is a comment period that ends on June 18, 2014.     ____________________________ [scribd id=213678602 key=key-1swrg4keo903570hmjzc mode=scroll]

Ontario Proposes New Rules for Crowdfunding

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

Ontario Securities Commission Provides Update on 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

Crowdfunding News Roundup: October 31, 2013

Happy halloween to all of our stateside readers! USA Today | Delamaide: Crowdfunding rules help investors Do we have a “stock market rigged in favor of high-frequency traders?” According to this article yes, and it is turning investors away from the stock market. Where will… Read More

Canadian Impact Investing Platform SVX Launches in Toronto

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

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