Much has changed in capital markets in the last seventeen years.
Ontario s securities regulatory framework, however, has not
been comprehensively reviewed – until now. The Final Report
of the Capital Markets Modernization Taskforce, delivered in
January 2021, recommends significant amendments to update
Ontario s regulatory framework. The Report is the product of
nearly a year of consulting with stakeholders.
The Report s 74 recommendations primarily focus on enhancing
the growth and competitiveness of Ontario s capital markets.
Among other things, these recommendations aim to reverse the
decline in new issuers and initial public offerings, and to spur
the growth of independent dealers. The Taskforce proposes that