OSC Launching REGULATORY SANDBOX FOR STARTUPS

The Ontario Security Commission (OSC) is launching a provincial “regulatory sandbox,” which will allow startups to experiment with novel formats of raising capital while minimizing regulatory burden. The decision included as part of a larger OSC announcement made last week, where the regulator announced the publication of the charter for its Innovation Office.

The charter outlines priorities for the OSC’s innovation office, which was first announced over the spring. The innovation office is being led by Pat Chaukos and is expected to be fully operational by March 2021.

Canadian tech industry blog Betakit spoke with the OSC about the new sandbox:

“The OSC told BetaKit the sandbox will allow the agency to test new forms of capital formation, including crowdfunding and angel investment networks. The OSC said the sandbox program is open to any ideas that offer potential solutions that benefit investors, lower access and trading costs, increase transparency and foster capital formation.”

Go here to read the full article from Betakit to find out more about what the OSC’s announcement means.