We wish to continue to emphasize the importance for both issuers and investors for the regulator in each province and territory to harmonize the content and application of securities rules across the country. The increasing complexity and expense of compliance
with a myriad of different rules in each jurisdiction is a continuing hurdle for international issuers and investors for participation in our capital markets.
Overview of the Council’s Comments:
We support a number of the OSC’s important initiatives included in its list of priorities for the upcoming fiscal year. It is helpful that the Statement of Priorities includes specific timeframes and steps in which many of the proposals will be considered.