On May 27, 2020, the OSC released an update on its burden reduction program for market participants doing business in Ontario’s capital markets.
The released outlined that while the Regulator has completed 27 per cent of the initiatives set out in the program, 36 per cent are on track for completion in the established timeline, and 37 per cent are delayed.
The release also mentioned that some projects were delayed due to COVID-19 pandemic.
The OSC Regulatory Burden initiatives was launched in November 2019 with the aim to enhance competitiveness for Ontario businesses by saving time and money for issuers, registrants, investors and other capital market participants.
The OSC release can be found here : https://www.osc.gov.on.ca/en/NewsEvents_nr_20200527_osc-updates-stakeholders-burden-reduction-progress.htm