Proposed changes to Private Placement Rules in Ontario
|Area||Corporate Finance and Securities|
The Ontario Securities Commission recently published for comment a revised proposal designed to bring about significant changes in Ontario’s private placement rules. The proposal is the manifestation of the OSC’s public commitment to reconstruct the current regulatory scheme in order to facilitate efficient capital formation by small and medium-sized businesses while maintaining adequate investor protection. The changes for private placement in Ontario will be significant and are expected to be implemented in 2001.