On 14 January 2019, OSC consulted on actions to reduce regulatory burdens.

• Consulted Ontario market participants on ways to reduce the regulatory burden.
• By eliminating rules and requirements, that are outdated or unduly burdensome.
• Suggested Areas
• Operational changes, for rules that may have become outdated or unnecessary.
• Opportunities to streamline and improve disclosure that is provided to investors.
• Noted investors ultimately bear the cost of unnecessary or outdated regulations.
• Task Force
• Follow OSC Nov. 2018 creation of burden reduction task force, to review reform.
• Group mandate to act on suggested elimination of unnecessary rules, processes.
• Builds on OSC efforts, since 2016, that reduce regulatory burden across country.
• Cited work with CSA to reduce burden in markets, and in investment fund space.
• Effectiveness
• OSC asked for comments by 1 March 2019, and will hold a roundtable on 27 March.
• After review suggestions, OSC will identify short, medium and long-term actions.