Capital Markets Modernization Taskforce Consultation Report: “Can Ontario Make Meaningful Change Going It Alone?”

On July 9, 2020, the Province of Ontario independent Capital Markets Modernization Taskforce (the “Taskforce”) delivered 47 “high impact” policy proposals (the “Proposals”) in the Capital Markets Modernization Taskforce Consultation Report. The Taskforce is seeking feedback on the Proposals by September 7, 2020 with a view to implementing many of the Proposals by year-end. In this legal update, we provide a summary of the Proposals which fall into the following six buckets:

1. Improving Regulatory Structure
2. Regulation as a Competitive Advantage
3. Ensuring a Level Playing Field
4. Proxy System, Corporate Governance and Mergers and Acquisitions
5. Fostering Innovation
6. Modernizing Enforcement

To read the full update, click here.

If you have any questions with respect to this legal update, please contact Ron Schwass ([email protected]), Jeff Arnold ([email protected]) or any other member of our Corporate Finance & Securities practice group.

This update is intended as a summary only and should not be regarded or relied upon as advice to any specific client or regarding any specific situation.