The Capital Markets Modernization Taskforce released its final report today .
The report makes a number of recommendations designed to amplify growth and competitiveness in Ontario’s capital markets and to address the decline in new issuers and initial public offerings. The Taskforce aims to reverse this trend and encourage more head offices, more entrepreneurs and more growth investment opportunities in the province.
As the report states: “Market trends and changes since the 2008 financial crisis and the overall economic impact of COVID-19 have reinforced the need to assess and seek ways to modernize Ontario’s capital markets regulatory structure. An effective capital markets regulator with a modernized governance structure and mandate supports Ontario’s overall economic recovery plan in a post-pandemic world. The modernization of the capital markets regulatory framework will better position Ontario to attract capital investment, help businesses grow and instill market confidence.”
The Taskforce also recommended that modernization of Ontario’s capital markets proceed in advance of any future progress on a federal Capital Markets Regulatory Authority (CMRA), which is envisioned to be a single regulator operating in all participating jurisdictions.
Please keep in mind that these are recommendations and will require government action to be implemented.
The full report can be downloaded here: Final Report of the Capital Markets Modernization Taskforce
For more information, please contact:
Barry Campbell: email@example.com
Paul Brown: firstname.lastname@example.org