Innovators have until Jan. 10 to comment on regulatory burden

The Ontario Securities Commission (OSC) is calling on innovative businesses to provide feedback on regulatory barriers and other challenges to raising capital.

The OSC’s fintech unit, OSC LaunchPad, has a survey to collect input that, it says, will provide the regulator with insight on how it can better support innovation.

“This research project is critically important to understanding and responding to the challenges these businesses face every day,” said Pat Chaukos, deputy director of OSC LaunchPad, in a statement.

As part of its dual efforts to enhance innovation and reduce the regulatory burden, the OSC has pledged to provide more regulatory flexibility to innovative businesses.

“We are inviting these businesses to work with us to identify and help modify regulatory requirements that do not properly take account of their business models,” the regulator said in the burden reduction report it released last year.

The anonymous survey closes on Jan. 10.

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The staff of Advisor.ca have been covering news for financial advisors since 1998.