Markets Modernization Taskforce News Today

Banks are, first and foremost, sales organizations, and there is a real issue: limited product choice for personal investing in bank branches

the COVID-19 pandemics impact on the markets; the importance of a modernized capital markets regulatory framework; and the Cooperative Capital Markets System ("CCMR") initiative. The first recommendation in the Final Report is to replace the Ontario Securities Act with the CCMR-sponsored Capital Markets Act. If successfully implemented, this recommendation will effectively act as the legislative vehicle to implement the remainder of the recommendations. The other 73 recommendations, the highl...

Much has changed in capital markets in the last seventeen years. Ontarios 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 Ontarios regulatory framework. The Report is the product of nearly a year of consulting with stakeholders. The Reports 74 recommendations primarily focus on enhancing the growth and competitiven...