OSC Publishes Report on Exempt Market Activity

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Jun 15, 2017

On June 15, 2017, the Ontario Securities Commission (OSC) published OSC Staff Notice 45-715 "2017 Ontario Exempt Market Report," which provides a snapshot of the current state of Ontario’s exempt market and a preliminary assessment of recent regulatory reforms.

The report summarizes capital raising activity by corporate (non-investment fund) issuers in Ontario’s exempt market during 2015 and 2016. Additionally, the report examines capital formation by small Canadian issuers in Ontario’s exempt market, and the impact of recently introduced prospectus exemptions.

The report revealed increased activity in Ontario’s exempt market, especially among Canadian issuers and among small businesses.

The report also found that the new prospectus exemptions have gained traction among a sizeable proportion (25 per cent) of Canadian issuers participating in the exempt market.

Review the press release and the Staff Notice on the OSC's website.

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