Markets Modernization Taskforce News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 pandemic's 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 highlights of which are summarized below, are organized within six broad headings: Improving Regulatory ...

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 de...