Mintzing words with the OSC .. and other authoritative overreach. The Ontario Security Commission (OSC) is a powerful agency in Canada. Since we as a real estate firm issue securities for our syndicated residential properties we have to follow security laws, specifically NI 45-106 and NI 31-103 . We do not yet follow OSCs or the proposed national security regulators overreaching rules, as we are an Alberta based firm and do not raise money from Ontario - yet. As such we follow primarily the ASC (Alberta Security Commission) regulations. Alberta and a few other provinces have - for good reason - not yet signed on to the proposed national security regulator framework, the CCMRA (Cooperative Capital Market Regulatory Authority) that may result in the PCMA (Provincial Capital Markets Act) in 2015. Some suggested changes to the private equity, also referred to as the Exempt Market space .. more at prestprop/2014/12/09/mintzing-words-osc/
Posted on: Fri, 12 Dec 2014 06:13:29 +0000
Trending Topics
Recently Viewed Topics
© 2015